Feb. 10 at 5:57 a.m.
Filed under:
China,
Energy,
International,
Internet
By Associated Press
Hackers operating from China stole sensitive information from Western oil companies, a U.S. security firm reported Thursday, adding to complaints about pervasive Internet crime traced to the country.
The report by McAfee Inc. did not identify the companies but said the “coordinated, covert and targeted” attacks began in November 2009 and targeted computers of oil and gas companies in the United States, Taiwan, Greece and Kazakhstan. It said the attackers stole information on operations, bidding for oil fields and financing. Get the full story »
Feb. 7 at 10:39 a.m.
Filed under:
China,
International,
Unions
By Reuters
A U.S. trade panel Monday approved combined final duties ranging up to nearly 450 percent on steel drill pipe from China used in oil production.
The U.S. International Trade Commission said there was sufficient evidence U.S. companies are threatened with harm by unfairly low priced competition from China. Get the full story »
Feb. 1 at 11:45 a.m.
Filed under:
Energy,
Environment
From Bloomberg News | BP expects to fetch at least $4.4 billion from selling half of its crude refining capacity in the U.S. and some retail assets as it raises cash to pay for last year’s Gulf of Mexico oil spill. The company plans to focus on refining and marketing networks in the country based around its Whiting, Indiana, and Cherry Point, Washington, refineries.
Feb. 1 at 6:49 a.m.
Filed under:
Earnings,
Energy
By Dow Jones Newswires
BP PLC Tuesday resumed its corporate dividend and deepened strategic changes. But the company’s earnings came in below expectations, as BP signaled that short-term oil and gas volumes would continue to drop. Get the full story »
Jan. 31 at 11:29 a.m.
Filed under:
Energy
By Associated Press
Brent crude oil topped $100 for the first time since 2008, as investors kept an anxious eye on Egypt and worried about unrest there disrupting the flow of oil from the Middle East.
Jan. 13 at 4:32 p.m.
Filed under:
Economy,
International
By Reuters
Oil slipped Thursday as markets weighed disappointing U.S. jobless claims data and the prospect OPEC would raise output should prices break above $100 a barrel for an extended period. Get the full story »
Dec. 30, 2010 at 4:59 p.m.
Filed under:
Energy,
Policy,
Politics
By Associated Press
A law professor being paid $950 an hour with BP’s money has declared that the czar of the $20 billion claims fund for Gulf oil spill victims is independent of the oil giant. Get the full story »
Dec. 29, 2010 at 4:31 p.m.
Filed under:
Energy,
Stock activity
By Reuters
Oil prices fell on Wednesday, but stayed close to recent 26-month highs, pulled down in light trade by profit-taking as markets awaited the release of U.S. oil inventory data. Get the full story »
Dec. 27, 2010 at 7:23 a.m.
Filed under:
International,
Investigations,
Investing
By Reuters
A Russian judge pronounced Mikhail Khodorkovsky and his business partner Platon Lebedev guilty of embezzlement on Monday at the end of the jailed former oil tycoon’s politically charged second trial. Get the full story »
Dec. 22, 2010 at 2:25 p.m.
Filed under:
Energy
By Reuters
Oil prices jumped above $90 a barrel Wednesday to settle at that level for the first time in 26 months as a third straight weekly drop in U.S. crude inventories and cold weather on both sides of the Atlantic spurred pre-holiday buying. Get the full story »
Dec. 10, 2010 at 5:03 p.m.
Filed under:
Consumer news,
Energy,
International
By Reuters
OPEC will not raise oil supplies at a meeting on Saturday, Saudi Oil Minister Ali al-Naimi said, leaving traders to ask what price the group requires to open the taps and prevent fuel inflation hurting global economic recovery. Get the full story »
Dec. 3, 2010 at 10:52 a.m.
Filed under:
Energy,
Environment,
Politics
By Associated Press
BP is mounting a new challenge to U.S. government estimates of how much oil flowed from the runaway well deep below the Gulf of Mexico. The issue will be critical in determining the size of federal pollution fines the company will pay.
Nov. 26, 2010 at 5:18 p.m.
Filed under:
Energy
By Reuters
Enbridge’s 670,000 barrel a day Line 6A oil pipeline in the U.S. Midwest is expected to run at reduced rates until early next week, creating another costly bottleneck for Canadian crude exports, the company said on Friday.
An outage at a power utility’s substation in Illinois forced Enbridge, which has been struggling with numerous outages on its massive oil pipeline system, to reduce flows as electricity to a pumping station got cut off.
The rates are expected to be cut until at least Tuesday, the company said. Get the full story »
Nov. 26, 2010 at 11:56 a.m.
Filed under:
Energy,
International,
Stock activity
By Reuters
U.S. oil prices slipped in light post-holiday trading on Friday as Europe’s debt crisis pushed the euro to a two-month low against the dollar and investors eyed tensions between North Korea and South Korea. Get the full story »
Nov. 9, 2010 at 5:50 a.m.
Filed under:
Energy
By Associated Press
Governments need to do more to increase efficiency and boost green technologies to avoid a spike in oil prices as energy demand is expected to jump 36 percent through 2035, the International Energy Agency warned Tuesday.
In its annual World Energy Outlook released, the Paris-based IEA said emerging nations like China will account for most of the surge in demand and that much will depend on the strength of the economic recovery over the next few years. Get the full story »
