Oil extends rally, but swelling inventory drags
Crude oil prices rose as much as $1 on Friday, continuing a rebound from near six-year lows plumbed last week, but rising global inventories and steady OPEC supply will likely cap gains.
Energy
Gas Prices Are Predicted to Increase This Summer, With an Average of $3.70 per Gallon
Gas prices are expected to rise by about $0.10 per gallon this summer due to decreased refinery capacity and higher refining costs, with the average price projected to be around $3.70 per gallon.
Average Gas Price Hits $3.61 per Gallon and Will Keep Rising Despite Inflation Ease
Gasoline prices surged in April, driving up consumer prices, while overall inflation eased; the national average for gas stood at $3.61 per gallon on Wednesday, down $0.02 from the previous month but ..
Anglo American Announces Plans to Leave Diamond, Platinum, Coal Mining to Avoid BHP Acquisition Plans
Anglo American decided on abandoning its diamond, platinum, and coal operations in order to realign its operations on nickel and avoid acquisitions offered by BHP Group...
Joe Biden Signs Law Banning Uranium Imports From Russia to Revive America's Nuclear Fuel Industry
President Joe Biden has signed a bipartisan bill that bans imports of enriched uranium from Russia. Uranium is the fuel most used by nuclear power plants...
Chinese Companies Dominate Licensing Bids to Explore Iraq Oil and Gas Fields as US Snubs Energy Bidding Round
Chinese companies won five more bids to explore and develop oil and ga...
UK Government Abandons Hydrogen Town Pilot Amid Heating Decarbonization Efforts
The UK government canceled a crucial hydrogen town pilot, which damage...
Latest News
Oil rises back toward $55, outlook still fragile
Oil rose toward $55 a barrel on Thursday, recovering from part of the previous session's slide after China took steps to pour liquidity into the world's second-biggest economy, although traders and an
Oil picks up on hopes China's easing will spur demand
Oil prices rose on Thursday, rallying a little after big losses in the previous session, after China took steps to pour fresh liquidity into the world's second-biggest economy to spur activity.
Rosneft's 2015 budget based on $50 per barrel oil price - CEO
Russia's top oil producer Rosneft is basing its budget for this year on an average oil price of $50 per barrel, the company's Chief Executive Officer Igor Sechin said on Wednesday.
Oil crashes after four-day rally; U.S. inventory renews glut worry
Oil prices crashed on Wednesday, with U.S. crude losing 9 percent in one of its biggest daily routs ever, as record high oil inventories in the United States cut short a four-day rally.
Eastern Canadian LNG export plans face supply quandary
Eastern Canada has joined a race to export North America's vast natural gas riches to energy-hungry markets overseas, with four projects betting the far-flung Atlantic provinces will be the easiest ro
Rosneft raising money from Swiss trader as debt payment looms
Rosneft is raising money from Swiss trader Trafigura days before it must repay a $7 billion debt and squeezed by sanctions, industry sources said, seeking new options after a foray into the bond marke
Euro zone may have negative inflation in some months to come: ECB's Nowotny
The euro zone may have negative inflation rates for some of the coming months due to a huge drop in oil prices, European Central Bank policymaker Ewald Nowotny said in Budapest on Monday.
BP beats expectations on surprise Russian profit, stock jumps
Oil major BP beat expectations for the fourth quarter of 2014 thanks to a surprise profit from its stake in Russian oil giant Rosneft while taking a $3.6 billion impairment charge and cutting spending
Exxon fourth-quarter profit tops estimate, share buyback slashed in half
Exxon Mobil Corp said on Monday its quarterly profit fell 21 percent as weak oil prices took a toll, but results topped Wall Street expectations due to a tax adjustment and higher earnings from its ch
