Chrysler and Hyundai led the way for strong automotive sales in the United States in October, as sales continue to rebound from recession slumps, according to analysis from the Great American Group released Monday.
Stocks tumbled on Monday, as concerns about Europe returned to the forefront after major credit ratings agencies warned that European leaders had not done enough to tackle the region's debt crisis.
OPEC began negotiations on Monday on a new production deal aimed at healing the rift caused by a bad-tempered failure to agree an output target when it last met in June.
Stocks fell on Monday on lingering concerns over a deal for economic integration in Europe and after Intel cut its revenue outlook.
Gold prices, like global stocks and major currencies, hardly moved Thursday as investors waited to see if Europe would manage to stanch its debt crisis and avoid a recession, or worse.
Petroleum major BP has accused Halliburton Energy Services Inc., the U.S. and Dubai-based oilfield services corporation, of intentionally destroying crucial evidence related to the Deepwater Horizon oil rig explosion in the Gulf of Mexico last year.
Sasol Ltd. is planning to add a multibillion ethane cracker and ethylene-derivative project to its Lake Charles facility in Louisiana, in part to leverage on the rapid development of shale gas in North America.
Morgan Stanley said it prefers exposure to gold, silver and livestock in the coming year, as such commodities perform well in a global economic slowdown.
Stock index futures were lower on Wednesday as worries about the euro zone crisis and weak data from China weighed on investor sentiment, putting the S&P 500 on track for a sixth day of losses.
The European Union proposes legislation to label crude oil derived from Canada's vast reserves of tar sands, as well as from other sources of unconventional oil, as highly carbon intensive.
The U.S.-imposed delay of TransCanada Corp's Keystone XL oil pipeline shows Canada's energy industry cannot relax efforts to improve its environmental record, a former top minister in Prime Minister Stephen Harper's government said on Monday.
U.S. stock index futures were little changed on Tuesday as persistent concerns over Europe kept investors on edge after four days of market losses.
South Sudan's oil ministry said that foreign oil companies and potential buyers of its crude were on notice that no other nation or entity had been authorised to sell its oil.
World stocks hit a one-week low on Thursday and Bunds rose as Spain paid more than at any time since 1997 to sell ten-year debt, sparking fears it may join other euro zone peripheral states in being unable to finance itself.
Crude oil prices slightly eased in Asian trading Thursday, after surging to a five-month high of $102.59 a barrel in Wednesday's North American session.
Several factors are at work in oil's latest push back above the psychologically-significant $100 per barrel level -- a price that U.S. motorists wince at.
Weekly U.S. crude inventories continued to slip, falling 1.1 million barrels in the week ended Nov. 11.
Canadian stocks looked set to open lower on Wednesday along with commodities on investor fear of contagion from the weakest debt-ridden euro zone economies such as Greece into bigger ones such as Italy, Spain and even France.
TransCanada agreed on Monday to reroute its Keystone XL oil pipeline around the Nebraska Sandhills in response to environmental concerns. The concession, which came on the heels of President Obama's decision to order a State Department re-review of the pipeline project, was a strategic move that divided the coalition of locals and environmentalists opposed the pipeline.
Crude oil prices declined to below $98 a barrel in Asian trade on Tuesday as renewed concerns over the euro zone debt crisis weighed on the markets sentiment.
Despite what could be the end of the Keystone XL Pipeline, company officials maintain their optimism.
Reportedly, oil production in Libya plunged to as low as 10,000 bpd in August during the bloodiest episodes of the civil war.
