Libya's interim government is drafting a proposal that would shrink the responsibilities of the National Oil Corp (NOC) to make it a purely commercial organisation, a member of the interim government has told Reuters.
Chinese Premier Wen Jiabao said on Wednesday that the government would strictly control new petrochemical projects around northern China's Bohai Bay, as energy giant ConocoPhillips apologized for an oil spill there.
Asian shares fell and U.S. Treasury yields dropped to the lowest levels in at least 60 years on Tuesday on fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.
Asian shares fell and the euro slipped Tuesday amid fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.
Ghana's 45,000 barrel-per-day state-run Tema oil refinery shut its main crude distillation unit on August 28 after running out of feedstock, two sources with knowledge of the plant's operations told Reuters on Monday.
U.S. Sen. Bernie Sanders, I-Vt., is madder than you-know-what about high oil and gasoline prices, and he's not going to take it anymore. He's introduced a bill, the End Excessive Oil Speculation Now Act of 2011, that would impose strict limits on the amount of oil speculators can trade in the commodity and futures markets.
European Union (EU) foreign ministers have, in principle, reached an agreement for imposing far reaching new economic sanctions against Syria. The major one is an embargo on oil-related imports from that country
Oil and an oil sheen covering several square miles of water are surfacing near the site of last year's BP Macondo Well disaster, prompting concerns that the well might not be plugged as Tropical Storm Lee gathers strength.
Oil and an oil sheen covering several square miles of water are surfacing near the site of last year’s BP Macondo Well disaster, prompting concerns that the well might not be plugged.
China is backing off from oil and gas investments in Iran, angering the Islamic republic with move officials and executives said reflected Beijing's efforts to appease Washington and avoid U.S. sanctions on its big energy firms.
If a new tropical storm gains momentum and becomes a hurricane, it could wreak havoc on oil production in the Gulf of Mexico.
If a new tropical storm gains momentum and becomes a hurricane, it could wreak havoc on oil production in the Gulf of Mexico.
Asian stocks rose on Thursday following gains on Wall Street, with technology and consumer shares outperforming, and credit spreads tightened on optimism central banks around the world will have to do more to support industrial activity.
Stock index futures pointed to a weaker open on Wall Street on Thursday, with futures for the S&P 500, Dow Jones and Nasdaq 100 down 0.1 to 0.4 percent.
Asian stocks rose Thursday following gains on Wall Street, with technology and consumer shares outperforming, and credit spreads tightened on optimism that central banks worldwide will have to do more to support industrial activity.
A ConocoPhillips subsidiary, an oil spill by which polluted 5,500 square kilometres of water in China's northern Bohai Bay, said it had already sealed off the leaks ahead of an Aug. 31 deadline.
James Hansen, a NASA scientist who famously gave congressional testimony on the environmental impacts of global warming back in 1988, was arrested outside of the White House on Monday.
Actress Daryl Hannah was arrested on Tuesday along with more than 100 others who refused to move while participating in a sit-in protest near the White House against the controversial pipeline expansion project.
Exxon Mobil can look for oil in Russian territory in the Arctic Ocean under an agreement made Tuesday with Rosneft, the Russian state oil company. The deal is huge for Exxon Mobil, which beat BP for access to a region in which oil drilling is largely prohibited.
Exxon Mobil and Rosneft, Russia's top crude oil producer, announced a strategic agreement on Tuesday to jointly develop oil in the Russian Artic.
Energy firms along the Eastern Seaboard scrambled on Monday to resume operations after Hurricane Irene left 5.5 million customers without power.
With U.S. job growth sluggish, renewed European debt concerns, and now the damage caused by Hurricane Irene, it’s not surprising that cautious investors are reluctant to deploy additional capital to stocks. However, one moderate-risk way to commit new money to equities is to consider stocks that also pay a decent dividend, and here are three options.
