Articles tagged with oil
Mon, May 21, 2012
Exclusive: SK Energy to stop Iran oil imports from July: sources
By Meeyoung Cho and Ju-min Park
SEOUL (Reuters) - South Korea's largest oil refiner SK Energy <096770.KS> will stop Iranian crude imports after a European ...
Sat, May 19, 2012
Seaway pipeline sends oil to Texas in historic reversal
By Bruce Nichols
HOUSTON (Reuters) - The Seaway pipeline began pumping crude from Cushing, Oklahoma, oil tanks to the heart of the U.S. refining ...
Sat, May 19, 2012
G8, raising pressure on Iran, puts oil stocks on standby
By Jeff Mason
CAMP DAVID, Maryland (Reuters) - Leaders of the Group of Eight major economies raised the pressure on Iran on Saturday, signaling their ...
Sat, May 19, 2012
G8, raising pressure on Iran, puts oil stocks on standby
By Jeff Mason
CAMP DAVID, Maryland (Reuters) - Leaders of the Group of Eight major economies raised the pressure on Iran on Saturday, signaling their ...
Sat, May 19, 2012
G8 making progress on euro zone crisis, oil prices: UK
CAMP ROUND MEADOW, Maryland (Reuters) - Leaders of the Group of Eight major economies are making progress on addressing the two biggest threats to their ...
Fri, May 18, 2012
Japan looks to central bank to pay for Iran oil: Nikkei
(Reuters) - The Japanese government and private sector bank officials are considering asking the Bank of Japan (BOJ) for help in settling Iranian oil transactions ...
Fri, May 18, 2012
Fish oil shows little effect on Tourette's tics
By Amy Norton
NEW YORK (Reuters Health) - Some parents swear by fish oil as a treatment for the "tics" caused by Tourette's disorder ...
Thu, May 17, 2012
Insight: Peak, pause or plummet? Shale oil costs at crossroads
By Selam Gebrekidan
NEW YORK (Reuters) - Occidental Petroleum
Wed, May 16, 2012
Oxfam sues over oil, mining payments to governments
NEW YORK (Reuters) - Oxfam America sued the U.S. Securities and Exchange Commission on Wednesday to try to get the SEC to force oil ...
Wed, May 16, 2012
Saudis, soaring costs may keep oil above $100
By Dmitry Zhdannikov and Claire Milhench
LONDON (Reuters) - Oil industry executives and bankers are assuming oil prices will stay above $100 a barrel in ...
Wed, May 16, 2012
Analysis: Seaway helps bridge record oil gap, but analysts far apart
By Bruce Nichols and David Sheppard
HOUSTON/NEW YORK (Reuters) - Just ahead of the Seaway oil pipeline restarting in reverse to clear a bottleneck ...
Tue, May 15, 2012
Pipeline eyed to ease oil gridlock on North Dakota roads
By Roberta Rampton
WASHINGTON (Reuters) - The McKenzie County Sheriff Department has a map of the narrow grid of two-lane highways coming out of an ...
Tue, May 15, 2012
IBM helps oil companies manage gusher of data
By Braden Reddall and Matt Daily
HOUSTON/NEW YORK (Reuters) - IBM thinks it can make geologists and engineers more effective at mining the fast-growing ...
Mon, May 14, 2012
Drowned Libya oil chief feared going home
By Michael Shields and Alex Lawler
VIENNA (Reuters) - Spat at in public by a fellow Libyan who called him a thief, watching his back ...
Thu, May 10, 2012
New bill takes aims at oil tax breaks
By Roberta Rampton
WASHINGTON (Reuters) - Hoping to build on voter anger about high gasoline prices, two U.S. lawmakers launched a new attack on ...
Thu, May 10, 2012
U.S. import prices muted as oil costs drop
WASHINGTON (Reuters) - Import prices in April recorded their largest drop in 10 months as energy costs tumbled, according to a government report on Thursday ...
Mon, May 07, 2012
Oil conflict drills $2.4 billion hole in Sudan's finances
By Yara Bayoumy
KHARTOUM (Reuters) - Sudan's dispute with its southern neighbor over oil transit fees has created a 6.5 billion pound ($2 ...
Sat, May 05, 2012
Libya's Agoco cuts oil output further due to protests
TRIPOLI (Reuters) - Libya's Arabian Gulf Oil Company (Agoco) has cut oil production by another 10,000 barrels per day (bpd) due to protests ...
Fri, May 04, 2012
Oil dives 2.5 percent, biggest weekly drop since November
By Matthew Robinson and Jonathan Leff
NEW YORK (Reuters) - Oil tumbled 2.5 percent on Friday, with U.S. crude below $100 a barrel ...
Fri, May 04, 2012
Argentina nationalizes oil company YPF
By Hugh Bronstein
BUENOS AIRES (Reuters) - Argentina's Congress nationalized the country's biggest oil company, YPF, by an overwhelming lower house vote on ...
Tue, May 01, 2012
U.S., Alabama urge no delay in BP oil spill trial
By Jonathan Stempel
(Reuters) - The U.S. government said a trial to assign blame and damages among BP Plc and others over the 2010 ...
Tue, May 01, 2012
Alabama urges no delay in BP oil spill trial
(Reuters) - A trial to assign blame and damages among BP Plc and others over the 2010 Gulf of Mexico oil spill should not be ...
Tue, May 01, 2012
Phillips 66 aims to run more shale oil
By Kristen Hays
HOUSTON (Reuters) - The CEO of Phillips 66,
Tue, May 01, 2012
BP profit falls as Gulf spill costs still weigh
By Tom Bergin
LONDON (Reuters) - BP Plc
Mon, April 30, 2012
Exxon Mobil shuts Louisiana oil pipeline after leak
By Janet McGurty and Matt Daily
(Reuters) - Exxon Mobil Corp has shut the 160,000 barrel-per-day (bpd) North Line crude oil pipeline in Louisiana ...
Mon, April 30, 2012
Exclusive: China mulls guarantees for ships carrying Iran oil
By Alison Leung
BEIJING (Reuters) - China is considering sovereign guarantees for its ships to enable the world's second-biggest oil consumer to continue importing ...
Sun, April 29, 2012
Shares steady near lows, investors fear Greece
By Richard Hubbard
LONDON (Reuters) - European shares and the euro steadied near their lows for the year on Monday as investor fears that Greece ...
Sun, April 29, 2012
Ex-oil chief who tried to reform Gaddafi's Libya dies
By Ali Shuaib and Marie-Louise Gumuchian
TRIPOLI (Reuters) - Shokri Ghanem, Libya's former prime minister and oil chief, saw it as his mission to ...
Fri, April 27, 2012
Ex-oil traders get prison terms for kickback scheme
HOUSTON (Reuters) - Two former oil traders convicted of helping an ex-LyondellBasell shipping manager bilk the company of tens of millions of dollars in a ...
Fri, April 27, 2012
Oil report seen supporting Iran sanctions
By Timothy Gardner and Matthew Robinson
WASHINGTON (Reuters) - Global oil inventories grew over the last two months despite the loss of further supplies from ...
Fri, April 27, 2012
U.S. oil report seen supporting Iran sanctions
By Timothy Gardner and Matthew Robinson
WASHINGTON (Reuters) - The Obama administration is unlikely to pull back from levying sanctions against Iran oil transactions based ...
Thu, April 26, 2012
Shell Q1 tops forecast on higher prices
By Tom Bergin
LONDON (Reuters) - Royal Dutch Shell
Wed, April 25, 2012
Global food prices on the rise again: World Bank
WASHINGTON (Reuters) - Global food prices are rising again, pushed higher by costlier oil, strong demand from Asia and bad weather in parts of Europe ...
Sat, April 21, 2012
Oil not second round price effects driving inflation: Weidmann
BERLIN (Reuters) - Euro zone inflation is above target mainly because of high oil prices but the European Central Bank must remain vigilant that this ...
Fri, April 20, 2012
"Milestone" oil manipulation case unsettles traders
By David Sheppard
NEW YORK (Reuters) - U.S. regulators' $14 million settlement with high-frequency trading firm Optiver over oil price manipulation in 2007 is ...
Fri, April 20, 2012
Fish oil supplements don't help MS patients: study
By Genevra Pittman
NEW YORK (Reuters Health) - Many people with multiple sclerosis take fish oil pills with the hope of keeping neurological symptoms from ...
Fri, April 20, 2012
"Milestone" U.S. oil manipulation case unsettles traders
By David Sheppard
NEW YORK (Reuters) - U.S. regulators' $14 million settlement with high-frequency trading firm Optiver over oil price manipulation in 2007 is ...
Thu, April 19, 2012
High-frequency trader Optiver pays $14 million in oil manipulation case
By David Sheppard and Jonathan Stempel
NEW YORK (Reuters) - U.S. regulators claimed their first victory in a four-year old effort to crack down ...
Thu, April 19, 2012
Obama oil margin plan could increase price swings
By David Sheppard
(Reuters) - President Barack Obama's bid to dampen the influence of oil speculators by having regulators set trading margins could backfire ...
Thu, April 19, 2012
Exclusive: France would not support oil release under Hollande
By Muriel Boselli
PARIS (Reuters) - France would withdraw support from a U.S.-British plan to release strategic oil stocks if Socialist front-runner Francois ...
Thu, April 19, 2012
Exxon dropped from Iraq rights bidders: oil ministry
By Daniel Fineren
LONDON (Reuters) - Energy giant Exxon Mobil Corp
Wed, April 18, 2012
BP proposes Gulf spill accord terms, trial delay
By Jonathan Stempel
(Reuters) - BP Plc reached settlements to resolve billions of dollars of claims from the 2010 Gulf of Mexico oil spill, and ...
Tue, April 17, 2012
Stung by gas prices, Obama seeks new oil market crackdown
By Jeff Mason and Roberta Rampton
WASHINGTON (Reuters) - U.S. President Barack Obama, whose political fortunes are threatened by rising gasoline prices, proposed new ...
Fri, April 13, 2012
Exclusive: Iran ships "off radar" as Tehran conceals oil sales
By Christopher Johnson and Peg Mackey
LONDON (Reuters) - Iran is concealing the destination of its oil sales by disabling tracking systems aboard its tanker ...
Thu, April 12, 2012
Shell says Gulf of Mexico sheen dissipating
By Kristen Hays
HOUSTON (Reuters) - Royal Dutch Shell said an oil sheen near two of its offshore Gulf of Mexico oil and natural gas ...
Thu, April 12, 2012
Oil market breaks two-year cycle of tightening supplies: IEA
By Zaida Espana and Alex Lawler
LONDON (Reuters) - The oil market has broken a two-year cycle of tightening supply conditions, the International Energy Agency ...
Thu, April 12, 2012
Japan to limit Iran oil voyages in Mideast Gulf: sources
By Osamu Tsukimori
TOKYO (Reuters) - Japanese insurers are warning ship owners that they will only cover one tanker at a time carrying Iranian crude ...
Wed, April 11, 2012
U.S. to give BP evidence on size of Gulf oil spill
By Jonathan Stempel
(Reuters) - BP Plc will gain access to U.S. government documents that may shed light on the size of the 2010 ...
Wed, April 11, 2012
Oil rises on drop in gasoline, distillate stocks
By Gene Ramos
NEW YORK (Reuters) - Oil prices rose on Wednesday after the government data showed domestic fuel stocks fell much more than expected ...
Tue, April 10, 2012
Japan ship insurer sets new rules on Iran oil voyages
By Osamu Tsukimori
TOKYO (Reuters) - Ship owners covered by Japan P&I club must alert the maritime insurer in advance of any plans to ...
Tue, April 10, 2012
Analysis: Oil firms hurt by Gulf spill welcome back drill rigs
By Braden Reddall
NEW ORLEANS (Reuters) - Gulf of Mexico oil drillers will be busier this year than at any point since the BP
Tue, April 10, 2012
Analysis: Troubled euro zone states most at risk from high oil
By Philip Blenkinsop
BRUSSELS (Reuters) - Oil prices at record levels in euro terms are threatening to rock the euro zone's economy more than ...
Tue, April 10, 2012
Flow of Iranian oil to Asia slows as sanctions bite
By Osamu Tsukimori and Charlie Zhu
TOKYO/HONG KONG (Reuters) - Japanese trading houses will cut Iranian crude imports from April, industry sources said on ...
Tue, April 10, 2012
Chevron finds leak in offshore Petrobras oil field
By Jeb Blount
RIO DE JANEIRO (Reuters) - U.S. oil company Chevron discovered an oil seep in an offshore Brazilian oil field run by ...
Mon, April 09, 2012
Hong Kong ship insurers unable to fill void in Iran oil cover
By Randy Fabi
SINGAPORE (Reuters) - Hong Kong maritime insurers will not provide full cover to tankers carrying Iranian oil after EU sanctions take effect ...
Sat, April 07, 2012
Iran oil development fund could reach $55 billion: Ahmedinejad
By Marcus George
DUBAI (Reuters) - Iran's President Mahmoud Ahmadinejad said on Saturday the country's sovereign wealth fund could reach $55 billion by ...
Sat, April 07, 2012
Iran oil development fund could reach $55bln-president
By Marcus George
DUBAI (Reuters) - Iran's President Mahmoud Ahmadinejad said on Saturday the country's sovereign wealth fund could reach $55 billion by ...
Fri, April 06, 2012
Alaska predicts slowing decline in oil output
ANCHORAGE, Alaska (Reuters) - Oil production from Alaska's North Slope will decline by about 3 percent annually over the next decade, a slower rate ...
Thu, April 05, 2012
Saudi oil shipper Vela books more tankers to U.S
By Jonathan Saul
LONDON (Reuters) - Saudi Arabia's state oil tanker company Vela has booked at least four vessels carrying up to 8 million ...
Thu, April 05, 2012
Exclusive: China ship insurer deals new blow to Iran oil exports
By Randy Fabi
SINGAPORE (Reuters) - A major Chinese ship insurer will halt indemnity cover for tankers carrying Iranian oil from July, dealing a blow ...
Thu, April 05, 2012
Iran cuts oil to Greek firms over payment: Press TV
DUBAI (Reuters) - Iran has blocked oil sales to two Greek companies, Hellenic Petroleum
Wed, April 04, 2012
Iran, oil, Europe pose risk to economy: Geithner
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday that fallout from the European debt crisis along with fears of Iran and higher oil ...
Wed, April 04, 2012
Analysis: Shale oil: from curse to cure for U.S. East Coast refiners?
By Janet McGurty
NEW YORK (Reuters) - In 1902, the S.S. Paraguay set sail from Texas carrying the first shipment of 400,000 barrels ...
Mon, April 02, 2012
More N.Sea crude benchmark hit as BP shuts platform
By Ikuko Kurahone
LONDON (Reuters) - British oil major BP
Mon, April 02, 2012
Wall Street ends worst two weeks since November
By Ryan Vlastelica
NEW YORK (Reuters) - U.S. stocks closed their worst two-week slide since November with a selloff on Friday as disappointing China ...
Sat, March 31, 2012
Brazil spots new oil leak as safety worries rise
BRASILIA (Reuters) - Brazilian authorities identified a small oil leak off the shores of Rio de Janeiro on Saturday, the latest in a series of ...
Fri, March 30, 2012
Analysis: Saudi summer oil burn should decline this year
By Daniel Fineren and Reem Shamseddine
DUBAI/KHOBAR (Reuters) - Saudi Arabia is likely to burn less crude in its power plants this summer thanks ...
Fri, March 30, 2012
Exclusive: Brazil prosecutor plans wider offshore oil probe
By Sabrina Lorenzi
RIO DE JANEIRO (Reuters) - A Brazilian federal prosecutor plans to expand his investigation of a November offshore oil spill in a ...
Fri, March 30, 2012
Alaska, Exxon deal opens way for LNG exports
By Yereth Rosen
ANCHORAGE, Alaska (Reuters) - Alaska has reached a settlement with Exxon Mobil Corp
Fri, March 30, 2012
Obama says enough world oil to crack down on Iran
By Jeff Mason and Roberta Rampton
BURLINGTON, Vt./WASHINGTON (Reuters) - President Barack Obama vowed on Friday to forge ahead with tough sanctions on Iran ...
Fri, March 30, 2012
BP: U.S. hiding evidence on size of Gulf oil spill
By Jonathan Stempel
(Reuters) - BP Plc
Fri, March 30, 2012
Turkey to cut Iran oil imports, bows to U.S. pressure
By Seda Sezer
ISTANBUL (Reuters) - Turkey said on Friday it will cut imports of oil from Iran by a tenth, ceding to U.S ...
Fri, March 30, 2012
Analysis: Saudi summer oil burn should decline this year
By Daniel Fineren and Reem Shamseddine
DUBAI/KHOBAR (Reuters) - Saudi Arabia is likely to burn less crude in its power plants this summer thanks ...
Fri, March 30, 2012
Exclusive: Iran helps Syria ship oil to China: sources
By Jessica Donati
LONDON (Reuters) - Iran is helping its ally Syria defy Western sanctions by providing a vessel to ship Syrian oil to a ...
Thu, March 29, 2012
Bill to ban export of some refined oil products
By Ayesha Rascoe
WASHINGTON (Reuters) - Democrats on Thursday unveiled a bill that would ban the export of refined fuels derived from oil produced on ...
Thu, March 29, 2012
Exclusive: West wants Saudi Arabia to keep up oil production
By Richard Mably
LONDON (Reuters) - Oil consuming nations may seek reassurance from Saudi Arabia that it will not cut oil production and neutralize the ...
Thu, March 29, 2012
Senate rejects Obama call to end Big Oil tax breaks
By Patricia Zengerle and Roberta Rampton
WASHINGTON (Reuters) - Republicans in the Senate blocked legislation on Thursday to strip billions of dollars in tax breaks ...
Thu, March 29, 2012
Analysis: To Canada and back, a new U.S. oil pipeline race
By Bruce Nichols
HOUSTON (Reuters) - Even as big U.S. oil pipelines invest billions of dollars to ship booming oil production south from Canada ...
Wed, March 28, 2012
Exclusive: Investors press U.S. shale oil drillers to control flaring
By Timothy Gardner
WASHINGTON (Reuters) - Investors representing $500 billion in assets are pushing energy companies in the shale oil rush in North Dakota and ...
Wed, March 28, 2012
Consumers plot emergency oil release as Saudi decries high prices
By Yann Le Guernigou, Muriel Boselli and Jonathan Leff
PARIS/NEW YORK (Reuters)- Saudi Arabian Oil Minister Ali al-Naimi mounted his most direct rhetorical ...
Wed, March 28, 2012
Brazil oil workers sue Chevron over spill
By Jeb Blount
RIO DE JANEIRO (Reuters) - Brazil's largest oil workers union filed a lawsuit against U.S. oil company Chevron and drilling ...
Wed, March 28, 2012
Brazil oil workers file lawsuit against Chevron
By Jeb Blount
RIO DE JANEIRO (Reuters) - Brazil's largest oil workers union filed a civil lawsuit against oil company Chevron and drilling firm ...
Wed, March 28, 2012
Analysis: Libya's oil contracts to be unsure for months more
By Jessica Donati
LONDON (Reuters) - Uncertainty about oil and gas companies' contracts with Libya, soon to be scrutinized and potentially revised, will persist until ...
Wed, March 28, 2012
France discussing strategic oil release with UK, U.S.
By Yann Le Guernigou and Muriel Boselli
PARIS (Reuters) - France is in talks with the United States and Britain on a possible release of ...
Tue, March 27, 2012
Enbridge, Enterprise to double Seaway oil pipeline
CALGARY, Alberta (Reuters) - Enbridge Inc and Enterprise Products Partners LP will more than double capacity of the Seaway Pipeline and expand another line from ...
Tue, March 27, 2012
U.S. says working with oil producers to expand production
WASHINGTON (Reuters) - The United States is working with Saudi Arabia and other major oil producers to ensure their production is expanded to help mitigate ...
Mon, March 26, 2012
Bill ending oil company tax cuts clears Senate hurdle
By Ayesha Rascoe and Richard Cowan
WASHINGTON (Reuters) - Legislation repealing tax breaks for major oil companies passed its first hurdle in the Senate on ...
Sun, March 25, 2012
Exclusive: Shell scrambles to pay huge bill for Iran oil
By Richard Mably and Peg Mackey
LONDON (Reuters) - Royal Dutch Shell is struggling to pay off $1 billion that it owes Iran for crude ...
Fri, March 23, 2012
IEA sees no disruptions in oil markets
By Nidhi Verma
NEW DELHI (Reuters) - The International Energy Agency (IEA) said on Friday it did not believe there would be any disruptions to ...
Fri, March 23, 2012
Analysis: Global oil outages at 1.2 million bpd in March: survey
By Ikuko Kurahone
LONDON (Reuters) - Global oil supply outages are running at more than a million barrels a day, a Reuters survey has found ...
Thu, March 22, 2012
Brazil oil regulator: Chevron leak not "negligence"
By Jeb Blount
BRASILIA (Reuters) - Brazil's oil regulator said Chevron was not negligent in the drilling of a well that caused an offshore ...
Thu, March 22, 2012
Facing heat over gas price rise, Obama vows to speed pipeline's southern leg
By Jeff Mason
CUSHING, Oklahoma (Reuters) - Standing in front of a row of pipes, President Barack Obama pledged on Thursday to accelerate approval of ...
Thu, March 22, 2012
Wall Street closes stellar quarter on up note
By Rodrigo Campos
NEW YORK (Reuters) - Stocks closed their strongest quarter in more than two years on a positive note on Friday, led by ...
Wed, March 21, 2012
Chevron, Transocean charged in Brazilian oil spill
By Jeb Blount and Joshua Schneyer
RIO DE JANEIRO/NEW YORK (Reuters) - A Brazilian federal prosecutor filed criminal charges on Wednesday against Chevron and ...
Mon, March 19, 2012
Starwood CEO: Oil price rise reflects robust economy
(Reuters) - The chief executive of Starwood Hotels & Resorts Worldwide
Frits Van Paasschen said the current increase in oil prices reflects a U.S. and global economy that is gaining speed, a factor that bodes well overall for hotels.
Starwood caters to higher-end customers with brands that include Sheraton, W and Westin.
Oil prices rose on Friday, with Brent crude moving above $125 a barrel, as Iran oil supply worries and a weakening of the dollar on lesser chances of U.S. monetary policy tightening improved investor risk appetite for commodities.
Van Paasschen said he wasn't overly concerned about oil price levels at the current time.
"As we look at occupancy, not just in North America but around the world, it's quite strong today," van Paasschen said in a phone interview on Friday.
"If oil prices were to go to unheard of levels, that might be a concern. If they rise even from where they are today, I'm not concerned," he added.
Van Paasschen also said Starwood was not seeing signs of a slowdown in its China business. Starwood expects to open its 100th hotel in China this year and has an added 100 under construction in the country.
China cut its growth target to an eight-year low recently and said boosting consumer demand was a key priority for 2012.
"The Chinese economy by all accounts from what we see continues on robustly" in terms of development, demand and momentum in revenue per available room, an important hotel metric, van Paasschen said.
He said an economy the size of China was likely to experience "fits and starts" as it grows.
"Do I think it's a greater risk to be on the sidelines and miss this growth than live through those fits and starts? Absolutely," van Paasschen added.
(Reporting by Karen Jacobs; Editing by Bernard Orr)
Mon, March 19, 2012
Brazil Chevron oil leak charges to focus on safety
By Jeb Blount
RIO DE JANEIRO (Reuters) - A Brazilian prosecutor plans to allege this week that Chevron and Transocean should not have drilled a ...
Mon, March 19, 2012
QR Energy to buy oil assets for $230 million
(Reuters) - Oil and gas producer QR Energy LP
Mon, March 19, 2012
Insight: Natural gas pain is oil's gain as frack crews head to N.Dakota
By Selam Gebrekidan
NEW YORK (Reuters) - Collapsing natural gas prices have yielded an unexpected boon for North Dakota's shale oil bonanza, easing a ...
Sat, March 17, 2012
Chevron executives barred from leaving Brazil over spill
By Guillermo Parra-Bernal and Jeb Blount
SAO PAULO/RIO DE JANEIRO (Reuters) - A Brazilian court on Saturday barred 17 executives from Chevron
Fri, March 16, 2012
Tap oil reserve to pop speculative bubble: lawmakers
By Roberta Rampton
WASHINGTON (Reuters) - A group of Democratic lawmakers in the House of Representatives is again urging President Barack Obama to aggressively use ...
Fri, March 16, 2012
Exclusive: Iran sanctions seen spurring more Saudi oil sales to U.S.
By Matthew Robinson and Jonathan Saul
NEW YORK/LONDON (Reuters) - Saudi Arabia is preparing to extend this year's unexpected jump in oil sales ...
Fri, March 16, 2012
Connacher Oil and Gas loss doubles, sees lower 2012 output
(Reuters) - Canada's Connacher Oil and Gas Ltd's
Fri, March 16, 2012
Analysis: Tapping oil from the SPR may be trickier than ever
By Ayesha Rascoe
WASHINGTON (Reuters) - The U.S. Strategic Petroleum Reserve isn't quite as strategic as it used to be.
As President Barack ...
Thu, March 15, 2012
Geithner: Economy mending, oil prices a challenge
By Leah Schnurr
NEW YORK (Reuters) - The U.S. economy is growing again but faces tough challenges that call for action to create jobs ...
Thu, March 15, 2012
Exclusive: U.S., Britain set to agree on emergency oil stocks release
By Richard Mably
LONDON (Reuters) - Britain is poised to cooperate with the United States on a release of strategic oil stocks that is expected ...
Wed, March 14, 2012
Exclusive: Obama, UK's Cameron discussed tapping oil reserves: sources
By Matt Falloon and Jeff Mason
WASHINGTON (Reuters) - President Barack Obama and British Prime Minister David Cameron discussed the possibility of releasing emergency oil ...
Wed, March 14, 2012
Chevron sees pricey oil destroying demand
(Reuters) - Chevron Corp
Wed, March 14, 2012
Crude stocks rise, oil products fall: EIA
NEW YORK (Reuters) - Crude inventories rose last week, with stocks at the trading hub in Cushing, Oklahoma increasing to an nine-month high, while oil ...
Wed, March 14, 2012
Import prices rise in February on higher oil
By Lucia Mutikani
WASHINGTON (Reuters) - Import prices rose in February on sharply higher oil costs, but there were few other signs of imported inflation ...
Tue, March 13, 2012
U.S. asks Saudis to lift oil output from July
KUWAIT (Reuters) - The United States is pressing Saudi Arabia to boost oil output to fill a likely supply gap arising from sanctions on Iran ...
Mon, March 12, 2012
Insight: Obama's oil tanker dilemma: Vex unions to win Pennsylvania?
By Matthew Robinson
NEW YORK (Reuters) - President Barack Obama faces a vexing decision this spring that is forcing him to weigh the pain of ...
Mon, March 12, 2012
Obama defends energy policies amid gas price pain
By Alister Bull
WASHINGTON (Reuters) - President Barack Obama launched the most comprehensive defense to date of his energy policies on Monday, pushing back against ...
Sun, March 11, 2012
Brent near $124 as U.S. crude stocks rise offset Iran
By Florence Tan
SINGAPORE (Reuters) - Brent crude held steady near $124 on Thursday as news of a surge in U.S. crude inventories and ...
Sun, March 11, 2012
Oil spill aftermath: A tale of three plaintiffs
By Kathy Finn
VENICE, Louisiana (Reuters) - The phone at Joan Strohmeyer's fishing lodge has been ringing steadily since 2010, but not many of ...
Fri, March 09, 2012
Anadarko, Algeria set $4.4 billion deal on oil tax
(Reuters) - Anadarko Petroleum Corp
Fri, March 09, 2012
OPEC pumps record volumes despite demand worry
By Zaida Espana and Dmitry Zhdannikov
(Reuters) - Europe's debt crisis and an oil price rally are the biggest threats to global oil demand ...
Fri, March 09, 2012
Analysis: Legal fees in Gulf oil spill deal stir conflict
By Andrew Longstreth
NEW YORK (Reuters) - The estimated $7.8 billion settlement reached last week between BP Plc
Thu, March 08, 2012
Exxon Mobil sees dip in oil, gas output this year
By Matt Daily
NEW YORK (Reuters) - Exxon Mobil Corp
Thu, March 08, 2012
Exxon Mobil sees dip in oil, gas output this year
By Matt Daily
NEW YORK (Reuters) - Exxon Mobil Corp
Thu, March 08, 2012
Shale boom turns North Dakota into No. 3 oil producer
By Selam Gebrekidan
NEW YORK (Reuters) - North Dakota has overtaken California as the third-largest U.S. oil-producing state, as the controversial fracking technology boosted ...
Thu, March 08, 2012
Exxon Mobil sees dip in oil, gas output this year
By Matt Daily
NEW YORK (Reuters) - Exxon Mobil Corp
Thu, March 08, 2012
Keystone oil pipeline bill fails in Senate
By Roberta Rampton and Jeff Mason
WASHINGTON (Reuters) - Senate Democrats on Thursday defeated a Republican proposal to give a permit to the Keystone XL ...
Thu, March 08, 2012
Exxon Mobil sees dip in 2012 oil, gas output
NEW YORK (Reuters) - Exxon Mobil Corp
Wed, March 07, 2012
Senate to tackle highway bill amendments, House struggles
By David Lawder
WASHINGTON (Reuters) - Senate leaders struck a deal on Wednesday to move forward on stalled transportation legislation that now will include votes ...
Tue, March 06, 2012
Obama says concerned about global oil output
WASHINGTON (Reuters) - President Barack Obama said on Tuesday he is concerned about oil output around the world as gasoline prices soar and is looking ...
Tue, March 06, 2012
Insight: Catch me if you can - oil sanctions against Iran
By Peg Mackey
LONDON (Reuters) - International sanctions have a patchy history, and Iran's oil elite have been dodging them for decades.
As Washington ...
Mon, March 05, 2012
Lawmakers urge regulatory crackdown on oil speculators
By Christopher Doering
WASHINGTON (Reuters) - Democratic lawmakers called on the country's futures regulator to crack down on excessive speculation in oil markets as ...
Mon, March 05, 2012
Exclusive: India MRPL plans cut in Iran oil imports: sources
By Nidhi Verma
SYDNEY (Reuters) - Iran's biggest Indian oil client, Mangalore Refinery and Petrochemicals Ltd (MRPL)
Mon, March 05, 2012
BP boosted by oil spill settlement
By Tom Bergin
LONDON (Reuters) - Shares in BP rose over 2 percent on Monday after the oil giant reached a settlement with businesses and ...
Sun, March 04, 2012
Saudi Arabia raises Arab Light oil price to Asia
DUBAI (Reuters) - Saudi Arabia has raised the price of its flagship Arab Light crude oil for customers in Asia, who buy more than half ...
Sun, March 04, 2012
Enbridge U.S. oil line to be shut for four more days
By K.T. Arasu
NEW LENOX, Illinois (Reuters) - Enbridge Inc said on Sunday a key segment of its oil pipeline system in the U ...
Sun, March 04, 2012
Saudi Arabia raises Arab light oil price to Asia
DUBAI (Reuters) - Saudi Arabia has raised the price of its flagship Arab Light crude oil for customers in Asia, who buy more than half ...
Sat, March 03, 2012
Enbridge shuts part of key U.S. oil pipeline after fire
By Jeffrey Jones
CALGARY, Alberta (Reuters) - Enbridge Inc shut down a key segment of the main Canada-to-United States oil pipeline for an undetermined period ...
Sat, March 03, 2012
Syrian rebels reject Annan's call for dialogue
By Edmund Blair and Oliver Holmes
CAIRO/BEIRUT (Reuters) - Kofi Annan, the U.N.-Arab League envoy to Syria, said he would urge President ...
Fri, March 02, 2012
BP's $7.8 billion deal may speed payments for U.S. spill
By Kathy Finn, Andrew Longstreth and Tom Bergin
NEW ORLEANS (Reuters) - The estimated $7.8 billion deal struck by BP Plc with businesses and ...
Fri, March 02, 2012
Fed's Williams: Higher oil affecting U.S. growth
HONOLULU, Hawaii (Reuters) - Higher oil prices are affecting U.S. growth but are currently not a reason to think the economy will stall, a ...
Thu, March 01, 2012
World can replace oil lost to Iran sanctions: U.S.
By Roberta Rampton
WASHINGTON (Reuters) - Global oil producers appear to have enough spare capacity to make up for Iranian exports curtailed by tough new ...
Thu, March 01, 2012
Obama says to lay out steps to push down oil price
NASHUA, New Hampshire (Reuters) - President Barack Obama said on Thursday his administration will lay out "as many steps as we can" in coming weeks ...
Thu, March 01, 2012
Oil pushes up euro zone prices, unemployment rises
By Robin Emmott
BRUSSELS (Reuters) - Unemployment in the euro zone in January hit its highest since the launch of the currency area but a ...
Thu, March 01, 2012
Western sanctions tighten squeeze on Iran oil exports
By Timothy Gardner
WASHINGTON (Reuters) - Western trade sanctions against Iran are strangling its oil exports even before they go into effect, a U.S ...
Wed, February 29, 2012
Iran offers Pakistan 80,000 barrels per day of oil: official
By Qasim Nauman
ISLAMABAD (Reuters) - Iran has offered 80,000 barrels per day of oil to Pakistan on a three-month deferred payment plan, an ...
Tue, February 28, 2012
As gasoline prices surge, U.S. eyes oil reserve release: Chu
By Roberta Rampton
WASHINGTON (Reuters) - The United States is considering a release of oil from its strategic reserves in an attempt to stem the ...
Tue, February 28, 2012
BP seeks settlement with oil spill plaintiffs group
By Kathy Finn
NEW ORLEANS (Reuters) - BP Plc is seeking to settle a lawsuit over the massive 2010 Gulf of Mexico oil spill by ...
Tue, February 28, 2012
Oil report may give Obama wiggle room on Iran sanctions
By Timothy Gardner
WASHINGTON (Reuters) - A U.S. government report on the global oil markets due on Wednesday could help determine how tough the ...
Mon, February 27, 2012
Too soon to tap U.S. oil reserves: Senator Murkowski
By Roberta Rampton
WASHINGTON (Reuters) - The government should save its strategic oil reserves for a true supply emergency and resist the temptation to tap ...
Mon, February 27, 2012
Lucy Lawless arrested during oil-drilling protest
By Tim Kenneally
LOS ANGELES, Feb 27 (TheWrap.com) - Sean Young wasn't the only actress to end up with criminal charges Monday after ...
Mon, February 27, 2012
Exxon breaks silence over Kurdistan oil talks
By Peg Mackey
LONDON (Reuters) - Exxon Mobil
Sun, February 26, 2012
G20 alert to economic threat from rising oil prices
By Michael O'Boyle and Glenn Somerville
MEXICO CITY (Reuters) - The world's leading economies said on Sunday they were "alert to the risks ...
Sun, February 26, 2012
BP oil spill trial delayed for settlement talks
By Tom Bergin and Jonathan Stempel
LONDON/NEW ORLEANS (Reuters) - The trial to decide who should pay for the 2010 Gulf of Mexico oil ...
Sun, February 26, 2012
Analysis: Oil price rise raises specter of global recession
By Zaida Espana and Dmitry Zhdannikov
LONDON (Reuters) - A jump in energy prices is jamming the slow-turning cogs of an economic recovery in the ...
Sun, February 26, 2012
Exclusive: Saudi oil boost could calm markets: Senator Schumer
By Roberta Rampton
WASHINGTON (Reuters) - The United States should do more to encourage Saudi Arabia to boost its oil production to make up for ...
Sat, February 25, 2012
Japan sees upward pressure on yen waning
By Tetsushi Kajimoto
MEXICO CITY (Reuters) - A senior Japanese Finance Ministry official said the upward pressure on the yen was easing and he saw ...
Sat, February 25, 2012
U.S. did not call for strategic oil release: G20 sources
MEXICO CITY, Reuters (Feb 25) - The United States did not openly call for a release of countries' strategic oil reserves during Group of 20 ...
Sat, February 25, 2012
U.S. oil shale boom puts big squeeze on small towns
By Laura Zuckerman and Lori Grannis
(Reuters) - The suspected kidnapping and murder of a Montana teacher by two men said to be seeking work ...
Sat, February 25, 2012
Oil shale boom puts big squeeze on small towns
By Laura Zuckerman and Lori Grannis
(Reuters) - The suspected kidnapping and murder of a Montana teacher by two men said to be seeking work ...
Fri, February 24, 2012
U.S., Saudi maneuver to contain Iran oil market threat
By Jeff Mason and Matthew Robinson
WASHINGTON/NEW YORK (Reuters) - Saudi Arabia has raised oil exports and the United States is considering releasing crude ...
Tue, February 21, 2012
Wall Street up on jobs data, brushes off Greek default
By Angela Moon
NEW YORK (Reuters) - Stocks advanced on Friday as investors brushed off the technical default by Greece and focused instead on another ...
Sun, February 19, 2012
Oil Drilling to Being at ISU
Indiana State University has approved a lease by Pioneer Oil Company to allow oil and gas drilling on the University’s campus. If Pioneer ...
Sun, February 19, 2012
China-Malaysia firm rejects S.Sudan accusations in oil row
JUBA (Reuters) - Chinese-Malaysian oil firm Petrodar, the main oil operator in South Sudan, denied on Sunday it had helped Sudan seize any southern oil ...
Sun, February 19, 2012
Iran stops oil sales to British and French firms
TEHRAN (Reuters) - Iran has stopped selling crude to British and French companies, the oil ministry said on Sunday, in a retaliatory measure against fresh ...
Fri, February 17, 2012
Mitsui unit to pay $90 million over Gulf oil spill
By Jeremy Pelofsky
WASHINGTON (Reuters) - Mitsui & Co Ltd's MOEX Offshore agreed with the U.S. Justice Department to pay at least $90 million to settle some of its liability in the Deepwater Horizon oil spill, the first government settlement involving the BP Plc Macondo well.
MOEX will pay $70 million in civil penalties for violations of the Clean Water Act and spend at least $20 million on conservation projects in the Gulf states, the Justice Department said on Friday.
The settlement comes just 10 days before the civil trial starts in New Orleans to assign blame for the disaster, the largest offshore oil spill in U.S. history. The accident, which led to almost 5 million barrels of oil spilling, killed 11 people aboard the drilling rig.
BP itself has set aside more than $40 billion to cover spill-related costs. The company has been trying to reach its own settlement with the Obama administration, but whether it can succeed by the February 27 trial is still uncertain.
"We believe that all parties would like to settle before the trial date. However, we believe it is still not a given that all of the parties can meet and resolve the various issues," said Angie Sedita, a managing director of equity research at UBS.
Separately, BP and Schlumberger-owned drilling fluids specialist M-I Swaco agreed to dismiss Deepwater Horizon-related claims against each other, pending court approval.
In the MOEX settlement, $45 million of the civil penalties will go to the federal government and the remaining $25 million will go to the states affected by the oil that polluted their Gulf waters and washed up onshore: Louisiana, Texas, Mississippi, Alabama and Florida.
The Justice Department said it was the largest civil penalty under the Clean Water Act and emphasized the MOEX settlement did not affect others involved in the Deepwater Horizon spill.
"This landmark settlement is an important step - but only a first step - toward achieving accountability and protecting the future of the Gulf ecosystem by funding critical habitat preservation projects," Attorney General Eric Holder said in a statement.
The company, which previously owned a 10 percent stake in the Macondo well, settled with BP last year and agreed to pay $1.1 billion toward the cleanup costs.
"MOEX held only a small share of the Macondo well and had no role in the Deepwater Horizon tragedy," said David Uhlmann, a professor at Michigan University Law School and former chief of the Justice Department's environmental crimes section.
"It makes sense that MOEX is not paying billions in penalties, but the settlement amount is extremely small given the enormous economic losses and natural resource damages caused by the Gulf oil spill," he said.
The proposed settlement was filed in federal court in Louisiana and is subject to approval by a judge.
The case is In re: Oil Spill by the Oil Rig "Deepwater Horizon" in the Gulf of Mexico, on April 20, 2010, U.S. District Court, Eastern District of Louisiana, No. 10-md-02179.
(Additional reporting by Braden Reddall in San Francisco and Jonathan Stempel in New York; editing by Gerald E. McCormick, Phil Berlowitz, Andre Grenon and Richard Chang)
Thu, February 16, 2012
EU undeterred by Iran threat on oil cut: trade chief
HONG KONG (Reuters) - The European Union trade commissioner brushed off on Thursday the potential impact of any Iranian suspension of oil supplies saying such ...
Tue, February 14, 2012
Vitamin B and fish oil fail to prevent cancer
By Kerry Grens
NEW YORK (Reuters Health) - Among more than 2,500 people in France with a history of heart disease, taking B vitamins ...
Mon, February 13, 2012
Oil demand and forecasts: getting it wrong again in 2012
By Dmitry Zhdannikov
LONDON (Reuters) - Trying to forecast world oil demand growth is a tricky job at the best of times. This year abnormal ...
Fri, February 10, 2012
Iran sanctions already hitting oil trade flows: IEA
By Christopher Johnson
LONDON (Reuters) - Sanctions on Iran are already hitting global oil flows even though a European ban on imports from the Islamic ...
Fri, February 10, 2012
Shares and dollar firmer; oil rebounds
By Natsuko Waki
LONDON (Reuters) - European stocks hit their highest level since July on Friday, keeping the benchmark global equity index near a 7-1 ...
Thu, February 09, 2012
Iran turns to barter for food as sanctions cripple imports
By Valerie Parent and Parisa Hafezi
PARIS/TEHRAN (Reuters) - Iran is turning to barter - offering gold bullion in overseas vaults or tankerloads of oil ...
Wed, February 08, 2012
BP wins exclusion of emails from oil spill trial
By Jonathan Stempel
(Reuters) - BP Plc won a court order keeping several potentially damaging emails out of a scheduled trial to determine responsibility for ...
Tue, February 07, 2012
Exclusive: China buys up Saudi, Russian oil to squeeze Iran
By Judy Hua and Alex Lawler
BEIJING/LONDON (Reuters) - China is scouring the world for alternative oil supplies to replace a fall in its ...
Tue, February 07, 2012
PIMCO'S El-Erian favors long-duration bonds, gold and oil
By Sam Forgione
NEW YORK (Reuters) - Given the state of the global economy, investors should be underweight equities while favoring "selected commodities" such as ...
Tue, February 07, 2012
BP preparing "vigorously" for oil spill lawsuits
By Tom Bergin
LONDON (Reuters) - BP said it was preparing "vigorously" for lawsuits related to its Gulf of Mexico oil spill, which are due ...
Mon, February 06, 2012
Analysis: Brent premium to U.S. oil set for another blowout?
By David Sheppard
NEW YORK (Reuters) - Brent crude's premium to U.S. oil could be poised for another record run after jumping 50 ...
Mon, February 06, 2012
Explosion rips through main Syrian oil pipeline in Homs
AMMAN (Reuters) - An explosion ripped through an oil pipeline feeding a main refinery in the city of Homs on Monday and a plume of ...
Sun, February 05, 2012
Nigerian militants attack Eni oil pipeline in delta
By Tife Owalabi
YENAGOA, Nigeria (Reuters) - A Nigerian militant group based in the oil-producing Niger Delta said it attacked an oil pipeline owned by ...
Sat, February 04, 2012
Iran says oil ban will not halt nuclear work
By Parisa Hafezi and Ramin Mostafavi
TEHRAN (Reuters) - Iran's oil minister said the Islamic state would not retreat from its nuclear program even ...
Sat, February 04, 2012
Iran will cut oil exports to some European countries: report
TEHRAN (Reuters) - Iran's oil minister said that the Islamic state would certainly cut its oil exports to "some" European countries, the semi-official Fars ...
Fri, February 03, 2012
Iran threatens retaliation over oil embargo
By Parisa Hafezi
TEHRAN (Reuters) - Iran's supreme leader threatened on Friday to retaliate against the West for sanctions, a day after a U ...
Fri, February 03, 2012
Iran's Khamenei warns over military strike, oil embargo threat
TEHRAN (Reuters) - Iran's Supreme Leader Ayatollah Ali Khamenei said on Friday the Islamic Republic would not yield to international pressure to abandon its ...
Thu, February 02, 2012
White House: Iran sanctions not aimed at oil markets
WASHINGTON (Reuters) - The White House said on Thursday the Iran sanctions proposed by Congress and signed by President Barack Obama should be enforced in ...
Wed, February 01, 2012
Insight: Oil industry sees no threat from electric car
By Tom Bergin
LONDON (Reuters) - The biggest oil companies in the world have calculated that few, if any, of today's drivers will see ...
Tue, January 31, 2012
Analysis: Oil reports may offer Obama an out on Iran
By Timothy Gardner
WASHINGTON (Reuters) - President Barack Obama will soon get regular, albeit incomplete, reports on how oil markets are coping ahead of broader ...
Tue, January 31, 2012
CIA chief says appears Saudi oil "ramping up"
WASHINGTON (Reuters) - Saudi Arabia's oil production appears to be "ramping up" and can fill some of the demand shortfalls caused by sanctions on ...
Mon, January 30, 2012
OPEC says EU ban on Iran oil to boost prices
By Alex Lawler
LONDON (Reuters) - The EU's embargo on Iranian oil exports will add upward pressure to oil prices, OPEC's secretary general ...
Sat, January 28, 2012
Iran vows to stop "some" oil sales as inspectors visit
By Parisa Hafezi and Ramin Mostafavi
TEHRAN (Reuters) - Iran sent conflicting signals in a dispute with the West over its nuclear ambitions, vowing to ...
Sat, January 28, 2012
Sanctions to hit EU buyback firms: Iran oil chief
By Hossein Jaseb
TEHRAN (Reuters) - European companies owed oil by Iran could lose out if Tehran imposes a ban on crude exports to the ...
Thu, January 26, 2012
BP fails to shift $15 billion oil spill costs onto Transocean
By Tom Bergin
LONDON (Reuters) - Oil giant BP has lost its attempt to shift over $15 billion of costs related to the Gulf of ...
Thu, January 26, 2012
Analysis: More, not less, oil this year despite Iran ban
By Christopher Johnson and Peg Mackey
LONDON (Reuters) - The world is likely to have more oil, not less, this summer even as Europe imposes ...
Mon, January 23, 2012
Keystone activists to protest oil, Congress ties
WASHINGTON (Reuters) - A coalition of environmental groups plans to stage a rally against "Big Oil's corruption" on Capitol Hill on Tuesday, hours before ...
Mon, January 23, 2012
Israel's Netanyahu praises EU oil sanctions on Iran
JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu praised Monday a European Union decision to place sanctions on Iranian oil exports, but said it was ...
Mon, January 23, 2012
Iran slams EU oil embargo, warns could hit U.S.
By Hossein Jaseb and Justyna Pawlak
TEHRAN/BRUSSELS (Reuters) - Iran accused Europeans on Monday of waging "psychological warfare" after the EU banned imports of ...
Sun, January 22, 2012
Pomegranate seed oil doesn't cool hot flashes: study
(Reuters) - Women taking pomegranate seed oil, marketed as an alternative remedy for menopausal symptoms, got no more relief from hot flashes than women taking ...
Sun, January 22, 2012
EU readies ban on Iran oil imports, central bank sanctions
By Justyna Pawlak
BRUSSELS (Reuters) - European Union governments are expected to agree Monday new economic sanctions against Iran over its nuclear program, including plans ...
Fri, January 20, 2012
Republicans plot next step on Keystone oil pipeline
By Richard Cowan
BALTIMORE (Reuters) - Republicans in Congress are considering using upcoming payroll tax cut or highway construction bills in order to force quick ...
Fri, January 20, 2012
Pomegranate seed oil fails to cool hot flashes
Lindsey Konkel
NEW YORK (Reuters Health) - In the first clinical trial of pomegranate seed oil as a treatment for menopausal hot flashes, women taking ...
Thu, January 19, 2012
BP seen agreeing $20-25 billion oil spill settlement
By Tom Bergin
LONDON (Reuters) - BP is likely to agree to pay the U.S. Department of Justice $20-$25 billion to settle all ...
Thu, January 19, 2012
China's Wen defends Iran oil, warns on nuclear aims
By Chris Buckley
BEIJING (Reuters) - Chinese Premier Wen Jiabao defended his country's extensive oil trade with Iran against Western sanctions pressure in comments ...
Wed, January 18, 2012
U.S. mulls options for slashing Iran's oil revenues
By Rachelle Younglai
WASHINGTON (Reuters) - The Obama administration, still grappling with how to punish a nuclear-ambitious Iran, is focusing on making countries cut purchases ...
Wed, January 18, 2012
In Montana, a rough road for oil sands equipment
By Braden Reddall
LOLO HOT SPRINGS, Montana (Reuters) - Along a remote stretch of mountain highway near the Idaho/ Montana border, on the very same ...
Wed, January 18, 2012
Republicans fume as Keystone oil pipeline rejected
By Jeff Mason and Jeffrey Jones
WASHINGTON/CALGARY, Alberta (Reuters) - The Obama Administration rejected the Keystone oil pipeline on Wednesday, a move that Republicans ...
Wed, January 18, 2012
In oil boom, petroleum engineers hottest commodity
By Kristen Hays
HOUSTON (Reuters) - While millions of college grads look forlornly into the worst U.S. job market in decades, Emily Woner pretty ...
Tue, January 17, 2012
Fish oil plus exercise may do older muscles good
By Amy Norton
NEW YORK (Reuters Health) - Older women may be able to boost their muscle strength by adding fish oil supplements to their ...
Mon, January 16, 2012
Saudi Arabia doubts Iran oil blockade claim
By Ramin Mostafavi
TEHRAN (Reuters) - Saudi Arabia on Monday expressed doubts over Iran's claim it could block the main oil shipping route out ...
Sun, January 15, 2012
Oil groups set to bid for Anadarko's Brazil arm: report
LONDON (Reuters) - Three of Europe's biggest oil companies are expected to bid for Anadarko Petroleum's
Sun, January 15, 2012
Iran warns of consequences if Arabs back oil sanctions
By Ramin Mostafavi
TEHRAN (Reuters) - Iran warned Gulf Arab neighbors they would suffer consequences if they raised oil output to replace Iranian crude facing ...
Sun, January 15, 2012
Iran OPEC government warns Arab oil producers
By Ramin Mostafavi
TEHRAN (Reuters) - Iran's Gulf Arab neighbors should not raise their production to replace Iranian oil if the European Union goes ...
Sat, January 14, 2012
China's Wen presses Saudi Arabia for oil access
By Chris Buckley
BEIJING (Reuters) - Chinese Premier Wen Jiabao pressed Saudi Arabia to open its huge oil and gas resources to expanded Chinese investment ...
Sat, January 14, 2012
Iran says not storing oil in Gulf due to sanctions
TEHRAN (Reuters) - Iran has not stored oil on tankers in the Gulf, and its crude exports have not been disrupted due to mounting international ...
Fri, January 13, 2012
Claimants challenge holdback in BP oil spill case
By Andrew Longstreth
NEW YORK (Reuters) - In a flurry of court filings this week, lawyers for claimants before the $20 billion BP
Fri, January 13, 2012
Iranian oil, arms, sanctions ... and "Crazy Yang"
By Chen Aizhu
BEIJING (Reuters) - A Chinese firm hit by U.S. sanctions as Washington turns the screw on Iran's nuclear program was ...
Thu, January 12, 2012
U.S. slaps sanctions on China state oil trader over Iran
By Andrew Quinn
WASHINGTON (Reuters) - The United States on Thursday imposed sanctions on China's state-run Zhuhai Zhenrong Corp, which it said was Iran ...
Thu, January 12, 2012
EU moves towards agreement on details of Iran oil embargo
By David Brunnstrom and Julien Toyer
BRUSSELS (Reuters) - EU states drawing up details of an oil embargo on Iran have given wide backing to ...
Thu, January 12, 2012
Japan vows "concrete" steps to cut Iran oil reliance
By Stanley White and Tetsushi Kajimoto
TOKYO (Reuters) - Japan pledged on Thursday to take concrete action to cut Iranian oil imports in response to ...
Wed, January 11, 2012
Russia opposes oil sanctions against Iran
By Alexei Anishchuk
MOSCOW (Reuters) - Russia opposes U.S. and possible European oil sanctions against Iran, even if Tehran presses ahead with uranium enrichment ...
Wed, January 11, 2012
China defends Iran oil trade despite U.S. push
By Lucy Hornby and Chris Buckley
BEIJING (Reuters) - China gave no hint on Wednesday of giving ground to U.S. demands to curb Iran ...
Tue, January 10, 2012
Iran clerics urge unity as nuclear scientist buried
By Mitra Amiri and Robin Pomeroy
TEHRAN (Reuters) - The Tehran funeral on Friday of a nuclear scientist blown up by a hitman saw the ...
Mon, January 09, 2012
Goldman sees massive upside risk in oil prices
By Eric Onstad
LONDON (Reuters) - Oil, gold and base metals are Goldman Sachs' top commodity picks this year, with big upside risk in oil ...
Mon, January 09, 2012
Goldman sees China becoming biggest oil importer
LONDON (Reuters) - China is due to overtake the United States to become the world's biggest oil importer within a year and a half ...
Mon, January 09, 2012
UAE delays oil pipeline to bypass Hormuz
ABU DHABI (Reuters) - The United Arab Emirates has delayed the launch of a crucial oil pipeline to bypass the Straits of Hormuz to mid-2012 ...
Fri, January 06, 2012
Exclusive: West readies oil plan in case of Iran crisis
By Peg Mackey and Richard Mably
LONDON (Reuters) - Western powers this week readied a contingency plan to tap a record volume from emergency stockpiles ...
Fri, January 06, 2012
EU states consider delay on any Iran oil ban
By Justyna Pawlak
BRUSSELS (Reuters) - A European Union embargo on Iranian crude oil imports could take a few months to start because some EU ...
Thu, January 05, 2012
Iran holds military exercise near Afghan border
TEHRAN (Reuters) - Iran launched a military maneuver near its border with Afghanistan on Saturday, the semi-official Fars news agency reported, days after naval exercises ...
Thu, January 05, 2012
China probes another report of fake cooking oil
(Reuters) - A factory in southern China is being investigated after reports it sold tons of adulterated cooking oil, which was possibly sold to makers ...
Wed, January 04, 2012
U.S. says supports Europe proposal on Iran oil
WASHINGTON (Reuters) - The United States supports a European proposal to ban purchases of Iranian crude and believes Tehran's oil revenues can be choked ...
Wed, January 04, 2012
Iran says has way to work around EU oil ban threat
LONDON (Reuters) - Iran has ready alternatives to a threatened European Union embargo on its oil and increased pressure from Washington, and intends to keep ...
Wed, January 04, 2012
Instant view: U.S. and EU closer to banning Iranian oil
LONDON (Reuters) - The United States and the European Union stepped up pressure on Iran on Wednesday with European diplomats agreeing in principle to ban ...
Wed, January 04, 2012
Iran says has way to work around EU oil ban threat
By Peg Mackey
LONDON (Reuters) - Iran has alternatives in place to let it cope with a threatened European Union embargo on its oil and ...
Tue, January 03, 2012
Oil jumps 4 percent on Iran anxiety
By Robert Gibbons
NEW YORK (Reuters) - Oil prices surged on Tuesday, with U.S. crude hitting the highest settlement since May, fueled by strong ...
Mon, January 02, 2012
BP challenges Halliburton court request on spill
By Tom Bergin and Greg Roumeliotis
LONDON/NEW YORK (Reuters) - BP
Fri, December 30, 2011
Petroplus shuts 3 oil refineries as cash runs out
By Marie Maitre and Caroline Copley
PARIS/NEUCHATEL, Switzerland (Reuters) -
Petroplus
Tue, December 27, 2011
Iran threatens to stop Gulf oil if sanctions widened
By Ramin Mostafavi
TEHRAN (Reuters) - Iran threatened on Tuesday to stop the flow of oil through the Strait of Hormuz if foreign sanctions were ...
Tue, December 27, 2011
Analysis: Green groups find success fighting shale oil boom
By Ayesha Rascoe
WASHINGTON (Reuters) - A resurgent green movement is launching a multi-pronged counter-attack against the shale oil and gas boom in the United ...
Mon, December 26, 2011
Afghanistan cabinet OKs oil deal with China's CNPC
By Mirwais Harooni
KABUL (Reuters) - Afghanistan's cabinet cleared the way for the war-torn state to sign a deal with China National Petroleum Corp ...
Fri, December 23, 2011
High-frequency oil trader fined for runaway trades
(Reuters) - CME Group Inc
Fri, December 23, 2011
Import prices rise in February on higher oil
By Lucia Mutikani
WASHINGTON (Reuters) - Import prices rose in February on sharply higher oil costs, but there were few other signs of imported inflation ...
Thu, December 22, 2011
Exclusive: Petronas in talks with oil majors for petchem tie-up
By Niluksi Koswanage and Liau Y-Sing
KUALA LUMPUR (Reuters) - Petronas is in talks with several global oil majors including Shell
Thu, December 22, 2011
Exclusive: Oil fund BlueGold loses focus, sinks deep into red
By Barani Krishnan
NEW YORK (Reuters) - Respected commodities hedge fund BlueGold has veered from its energy-focused strategy, betting half its money on equities and ...
Sat, December 17, 2011
Analysis: Brazil's oil boom could see its first bust
By Brad Haynes
SAO PAULO (Reuters) - Brazil's huge offshore oil wealth has been called a lottery jackpot, and each of the industry's ...
Wed, December 14, 2011
OPEC oil deal puts Saudi back in charge
By Humeyra Pamuk and Amena Bakr
VIENNA (Reuters) - OPEC oil producers on Wednesday sealed their first new output agreement in three years in a ...
Mon, December 12, 2011
Fed stimulus pledge buoys stocks, Greece talks eyed
By Richard Hubbard
LONDON (Reuters) - The euro held firm against the dollar, while European shares and gold moved higher on Thursday, after the U ...
Mon, December 12, 2011
OPEC seeks to heal rift and fix oil target
By Humeyra Pamuk and Amena Bakr
VIENNA (Reuters) - OPEC began negotiations on Monday on a new production deal aimed at healing the rift caused ...
Mon, December 12, 2011
Cyber attacks could wreck world oil supply
By Daniel Fineren
DOHA (Reuters) - Hackers are bombarding the world's computer controlled energy sector, conducting industrial espionage and threatening potential global havoc through ...
Sun, December 11, 2011
Iran says EU will not impose oil sanctions
By Parisa Hafezi and Ramin Mostafavi
TEHRAN (Reuters) - The European Union "definitely" will not impose sanctions on OPEC member Iran's oil exports because ...
Thu, December 08, 2011
Report: Cyber attacks could wreck world oil supply
By Daniel Fineren
DOHA (Reuters) - Hackers are bombarding the world's computer controlled energy sector, conducting industrial espionage and threatening potential global havoc through ...
Thu, December 08, 2011
Cyber attacks could wreck world oil supply
By Daniel Fineren
DOHA (Reuters) - Hackers are bombarding the world's computer controlled energy sector, conducting industrial espionage and threatening potential global havoc through ...
Tue, December 06, 2011
High oil prices may threaten growth: BP
DOHA (Reuters) - The fragile economic recovery could be negatively affected by high oil prices, especially in the United States, BP's
Mon, December 05, 2011
Exclusive: EU thinks twice about Iran oil ban
By Nidhi Verma and Dmitry Zhdannikov
NEW DELHI/LONDON (Reuters) - The European Union is becoming skeptical about slapping sanctions on imports of Iranian oil ...
Sun, December 04, 2011
Iran says oil would go over $250 if exports banned
By Ramin Mostafavi and Robin Pomeroy
TEHRAN (Reuters) - Iran warned the West on Sunday any move to block its oil exports would more than ...
Fri, December 02, 2011
Expanding oil exports top priority: Canadian minister
By David Ljunggren and Jeffrey Jones
TORONTO (Reuters) - Canada believes the United States will ultimately approve TransCanada Corp's proposed Keystone XL pipeline, which ...
Thu, December 01, 2011
EU may study oil embargo on Iran; China urges calm
By Justyna Pawlak and Robin Pomeroy
BRUSSELS/TEHRAN (Reuters) - The European Union tightened sanctions against Iran on Thursday and laid out plans for a ...
Wed, November 30, 2011
Britain pledges support for Iran oil embargo: sources
By Emma Farge
LONDON (Reuters) - Britain will support an embargo on Iranian oil imports following the deterioration of relations between the two countries, diplomatic ...
Wed, November 30, 2011
Insight: Funds and refiners ponder oil Armageddon, war on Iran
By Jonathan Leff and Judy Hua
(Reuters) - Oil consuming nations, hedge funds and big oil refineries are quietly preparing for a Doomsday scenario: An ...
Fri, November 25, 2011
Chevron keen for more Brazil oil, despite spill
By Leila Coimbra
RIO DE JANEIRO (Reuters) - Chevron
Fri, November 25, 2011
Newsmaker: Technocrat "oil man" takes charge of Libya lifeline
By Marie-Louise Gumuchian
TRIPOLI (Reuters) - Libya's new oil minister is seen as the right kind of technocrat, deeply experienced yet not too closely ...
Fri, November 25, 2011
Dow and S&P 500 post best week since Christmas
By Caroline Valetkevitch
NEW YORK (Reuters) - Stocks posted their best week since Christmas, even with a mixed finish on Friday after strong earnings from ...
Thu, November 24, 2011
Analysis: Harper's bet may pay off; China open to Canadian oil
By Florence Tan and Judy Hua
SINGAPORE/BEIJING (Reuters) - China is set to embrace Canada's offer of more crude, heating up competition with ...
Thu, November 24, 2011
Labor unrest taking shine off Colombia's oil boom
By Daniel Trotta
PUERTO GAITAN, Colombia (Reuters) - Protesting oil workers have yet to buy into Colombia's grand vision for its oil industry, staging ...
Thu, November 24, 2011
At least 23 dead in intensifying Syria violence
By Erika Solomon and Douglas Hamilton
BEIRUT (Reuters) - At least 23 people were reported killed in Syria Saturday as violence intensified in the eighth ...
Thu, November 17, 2011
Republicans want oil drilling to pay for roads
WASHINGTON (Reuters) - Republicans on Thursday sought to lift a U.S. ban on new offshore oil and gas drilling and use related royalties to ...
Wed, November 16, 2011
Senators: Don't treat oil reserve like an ATM
By Roberta Rampton
WASHINGTON (Reuters) - The Energy Department wants to sell $500 million worth of oil from strategic reserves to help generate revenue, a ...
Wed, November 16, 2011
Nebraska lawmakers vote to reroute oil pipeline
By Michael Avok
LINCOLN, Neb (Reuters) - The Nebraska legislature on Wednesday voted unanimously to advance a proposed law that would reroute the controversial TransCanada ...
Wed, November 16, 2011
Canada pipeline firms sprint to end U.S. oil glut
By Anna Driver and Scott Haggett
HOUSTON/CALGARY (Reuters) - Enbridge Inc and TransCanada Corp have raced forward with new pipeline plans in the fierce ...
Mon, November 14, 2011
Cusack praises Obama for delaying oil pipeline plans
Green campaigners, including celebrities Daryl Hannah, Mark Ruffalo and Julia Louis-Dreyfus, have been calling on the political leader to reject Keystone XL bosses' pipeline ...
Mon, November 14, 2011
Redford thanks Obama for oil pipe delay
Environmental campaigners have been aiming to prevent the building of the pipeline, which will transport oil reserves from Canada through the heart of the ...
Sun, November 13, 2011
Cusack praises Obama for delaying oil pipeline plans
Green campaigners, including celebrities Daryl Hannah, Mark Ruffalo and Julia Louis-Dreyfus, have been calling on the political leader to reject Keystone XL bosses' pipeline ...
Sun, November 13, 2011
Redford thanks Obama for oil pipe delay
Environmental campaigners have been aiming to prevent the building of the pipeline, which will transport oil reserves from Canada through the heart of the ...
Sat, November 12, 2011
Cusack praises Obama for delaying oil pipeline plans
Green campaigners, including celebrities Daryl Hannah, Mark Ruffalo and Julia Louis-Dreyfus, have been calling on the political leader to reject Keystone XL bosses' pipeline ...
Sat, November 12, 2011
Redford thanks Obama for oil pipe delay
Environmental campaigners have been aiming to prevent the building of the pipeline, which will transport oil reserves from Canada through the heart of the ...
Fri, October 14, 2011
Insight: Oil convoy blues: trucking game foils crude traders
By David Sheppard and Bruce Nichols
NEW YORK/HOUSTON (Reuters) - On paper, it's the kind of arbitrage deal that oil traders dream of ...
Thu, October 13, 2011
Songbirds decline as Wyoming oil and gas soars: study
By Laura Zuckerman
SALMON, Idaho (Reuters) - Key populations of songbirds are in decline in the sagebrush plains of southwestern Wyoming as oil and gas ...
Thu, October 13, 2011
Gloomy oil executives see recession, lower prices
LONDON (Reuters) - The oil industry has an overwhelmingly gloomy economic outlook, expecting recession in the next year, less demand for fuel and lower oil ...
Wed, October 12, 2011
Hedge or die, bankers tell small oil firms
By Dmitry Zhdannikov and Emma Farge
LONDON (Reuters) - Energy bankers are telling small oil companies they will soon face a spike in funding costs ...
Fri, October 07, 2011
California tightens olive oil labeling rules
By Greg Lucas
SACRAMENTO, Calif (Reuters) - California's burgeoning olive oil producers are counting on a newly enacted state labeling law to persuade more ...
Fri, October 07, 2011
Nebraska governor asks Clinton to reroute oil pipeline
(Reuters) - Nebraska Governor Dave Heineman asked Secretary of State Hillary Clinton on Friday to reroute a proposed oil pipeline from Canada to Texas so ...
Thu, October 06, 2011
Grass fire near Cushing, Oklahoma, oil hub
HOUSTON (Reuters) - Firefighters on Thursday battled a grassfire pushed by strong winds near the Cushing, Oklahoma, oil storage hub, emergency officials said.
"It's ...
Wed, October 05, 2011
Green groups sue to stop work on Keystone oil pipeline
By Timothy Gardner
WASHINGTON (Reuters) - Green groups sued the U.S. government on Wednesday to stop the clearing of grasslands and other work on ...
Mon, October 03, 2011
Oil pipe lobbyist, State Dept too close: group
By Timothy Gardner
WASHINGTON (Reuters) - As Washington edges closer to deciding the fate of a pipeline to bring crude from Canada's oil sands ...
Thu, September 29, 2011
Fish oil pills don't improve kids' braininess
By Kerry Grens
NEW YORK (Reuters Health) - Despite some evidence that taking fish oil pills during pregnancy can help children's brain development, a ...
Fri, September 23, 2011
Cashed-up Eike Batista won't sell oil stakes
By Brian Ellsworth and Joshua Schneyer
NEW YORK (Reuters) - Brazil's richest man said on Friday he has abandoned talks to sell stakes in ...
Fri, September 23, 2011
Libyan oil flows, foreign workers wait
By Emma Farge
BREGA, Libya, Sept 23 - Scribbled in blue marker in Arabic on the walls of Brega oil terminal of Brega is a ...
Wed, September 21, 2011
Oil mats after BP spill pose long-term ecosystem threat: study
By Kelli Dugan
MOBILE, Alabama (Reuters) - Auburn University researchers said oil mats submerged in the seabed more than a year after the biggest oil ...
Tue, September 20, 2011
Alaskans to get $1,174 dividend from oil fund
By Yereth Rosen
ANCHORAGE, Alaska (Reuters) - Nearly all Alaskans will receive $1,174 this year from the state as part of its annual dividend ...
Tue, September 20, 2011
Oil downside risk rises as economic outlook darkens
By Christopher Johnson
LONDON (Reuters) - A series of supply squeezes have helped keep oil strong this year but some of them have been short-term ...
Mon, September 19, 2011
World oil demand to hit 112.2 million bpd in 2035: EIA
WASHINGTON (Reuters) - Despite rising oil prices, global petroleum use is expected to be stronger over the next two decades than previously estimated, the U ...
Fri, September 16, 2011
Analysis: BP oil spill report may prompt $30 billion pay-out
By Tom Bergin
LONDON (Reuters) - Findings of the second major investigation by the government into the 2010 Gulf of Mexico oil spill, may press ...
Thu, September 15, 2011
Analysis: Oil releases a gamechanger, despite price bounce
By Joshua Schneyer
NEW YORK (Reuters) - It might not sound like much of a victory. The United States and other oil consuming countries release ...
Tue, September 13, 2011
U.S. blames BP for Gulf spill
By Ayesha Rascoe and Anna Driver
WASHINGTON/HOUSTON (Reuters) - The United States heaped the lion's share of blame for the country's biggest ...
Tue, September 13, 2011
IEA cuts oil demand growth forecasts for 2011, 2012
By Christopher Johnson
LONDON (Reuters) - World oil consumption will increase more slowly than expected this year and next as the pace of global economic ...
Sun, September 11, 2011
Oil production restarts in Libya: interim PM
TRIPOLI (Reuters) - Libya has started producing oil again, the country's interim prime minister said on Sunday, promising that more of it would come ...
Sun, September 11, 2011
Nate now a depression, oil contractors found in Mexico
By Roberto Ramirez
GUTIERREZ ZAMORA, Mexico (Reuters) - Storm Nate weakened to a tropical depression on Sunday as it moved farther inland across the coffee ...
Fri, September 09, 2011
From taiga to tank: hard scrabble for new oil
By Melissa Akin
VERKHNECHONSK, Russia (Reuters) - Oil was discovered in 1978 deep under the forest floor in this corner of Eastern Siberia, but the ...
Wed, September 07, 2011
U.S. urged to cooperate with Cuba on offshore oil
By Jeff Franks
HAVANA (Reuters) - The United States must work with its ideological foe Cuba on joint safety plans as the communist island readies ...
Wed, September 07, 2011
Drilling could add 1 million jobs: Oil-funded study
By Ayesha Rascoe
WASHINGTON (Reuters) - The United States could create more than 1 million jobs by 2030 by expanding offshore drilling, limiting federal regulation ...
Mon, September 05, 2011
Wall Street, finishing flat, posts 4 weeks of gains
By Chuck Mikolajczak
NEW YORK (Reuters) - Stocks closed out a fourth week of gains in quiet fashion on Friday, edging higher as the market ...
Sun, September 04, 2011
60 percent Gulf of Mexico oil output shut by Lee: U.S.
By Kristen Hays
HOUSTON (Reuters) - More than half of crude oil output in the Gulf of Mexico was shut in on Sunday as Tropical ...
Sat, September 03, 2011
Sixty percent of Gulf of Mexico oil output shut by Lee
HOUSTON (Reuters) - Sixty percent of crude oil production and more than half of natural gas output were shut in U.S.-regulated areas of ...
Fri, September 02, 2011
Libya looks to oil as rebuilding begins
By John Irish
PARIS (Reuters) - Libya is counting on quickly restoring oil production to revive its economy and five international oil firms are already ...
Fri, September 02, 2011
Gulf coast braces for more rain, one dead
By Kelli Dugan
MOBILE, Ala (Reuters) - Gulf Coast residents from Texas to Florida struggled with a third day of severe weather on Monday with ...
Fri, September 02, 2011
Libya's NTC thinks Gaddafi hiding near Algeria
By Joseph Logan and Sherine El Madany
SIRTE (Reuters) - Libya's new rulers have said they believe fugitive former leader Muammar Gaddafi is being ...
Thu, September 01, 2011
France unblocks Libya cash, "unaware" of oil
PARIS (Reuters) - France has approval to release 1.5 billion euros ($2.16 billion) of Libyan assets to help the country's interim ruling ...
Wed, August 31, 2011
Oil firms start U.S. Gulf evacuations due to weather
By Kristen Hays and Erwin Seba
HOUSTON (Reuters) - BP Plc on Wednesday became the first major oil producer to say it was evacuating some ...
Tue, August 30, 2011
Tropical Storm Katia may not strengthen much Friday: NHC
(Reuters) - Tropical Storm Katia, which lost its Category 1 hurricane characteristics Thursday evening, is not expected to strengthen much on Friday, the U.S ...
Mon, August 29, 2011
Exclusive: Big oil companies may have to give up Iraq gas
By Ahmed Rasheed and Daniel Fineren
DUBAI (Reuters) - Many of the world's biggest energy companies may have to surrender most of the gas ...
Sat, August 27, 2011
Irene cuts power to 1.8 million
By David Sheppard and Joshua Schneyer
NEW YORK (Reuters) - Hurricane Irene knocked out power to 1.8 million homes and businesses, disrupted oil refineries ...
Sat, August 27, 2011
Libya's rebel oil firm Agoco says all refineries shut
By Emma Farge
BENGHAZI, Libya (Reuters) - All five of Libya's refineries are offline due to a lack of crude oil production and damage ...
Fri, August 26, 2011
U.S. oil-spill ruling pleases plaintiff lawyers
NEW YORK (Reuters) - Plaintiff lawyers claimed a victory on Friday when a federal judge overseeing hundreds of lawsuits against BP and others over last ...
Fri, August 26, 2011
Irene to deal blackouts, oil disruptions to U.S. East
By Joshua Schneyer and Janet McGurty
NEW YORK (Reuters) - Energy companies on Friday activated emergency plans as the densely populated U.S. East Coast ...
Fri, August 26, 2011
Italy says Libyan oil facilities not damaged at all
ROME (Reuters) - Italian oil and gas facilities in Libya were not damaged during the conflict and can restart as soon as security conditions permit ...
Thu, August 25, 2011
Polar bear death at BP oil field under investigation
By Yereth Rosen
ANCHORAGE, Alaska (Reuters) - Federal authorities are investigating the fatal shooting of a polar bear at an Alaska oil field operated by ...
Wed, August 24, 2011
Libya to honor all Gaddafi oil deals: Jehani
By Mahmoud Habboush
DUBAI (Reuters) - A Libyan rebel government would honor all the oil contracts granted during the Muammar Gaddafi era, including those of ...
Tue, August 23, 2011
Rebels take Ras Lanuf oil port, see no damage
By Robert Birsel
BENGHAZI, Aug 23 - Rebels in eastern Libya took control of the oil port of Ras Lanuf Tuesday as soldiers loyal to ...
Mon, August 22, 2011
ENI leads Libya oil race; Russia, China may lose out
By Svetlana Kovalyova and Emma Farge
MILAN/LONDON (Reuters) - Italian oil company Eni led the charge back into Libya on Monday as rebels hailed ...
Mon, August 22, 2011
Factbox: Libyan oil output - how quickly can it restart?
(Reuters) - Six months of civil war have left Libya's oil industry in chaos, with fields that once pumped around 1.6 million barrels ...
Mon, August 22, 2011
ENI leads Libya oil race; Russia, China may lose out
By Svetlana Kovalyova and Emma Farge
MILAN/LONDON (Reuters) - Italian oil company Eni led the charge back into Libya on Monday as rebels hailing ...
Sun, August 21, 2011
Hope for euro deal, China growth spur stocks
By Jeremy Gaunt, European Investment Correspondent
LONDON (Reuters) - World stocks put in solid gains on Monday as investors bet on a positive outcome to ...
Sun, August 21, 2011
Police arrest dozens protesting oil pipeline at White House
WASHINGTON (Reuters) -Authorities arrested dozens of people on Sunday protesting outside the White House against a proposed $7 billion oil pipeline they oppose for ...
Sat, August 20, 2011
Oil minister does not return to Libya-Tunisia source
TUNIS (Reuters) - Libya's oil chief, Omran Abukraa, is in Tunisia after deciding not to return to Libya from a trip abroad, a Tunisian ...
Fri, August 19, 2011
Greens see red over oil sands pipeline
By Timothy Gardner
WASHINGTON (Reuters) - Thousands of opponents of a $7 billion pipeline that would boost U.S. dependence on Canadian oil sands plan ...
Fri, August 19, 2011
U.S. oil speculative data released by Senator, sparking ire
By Sarah N. Lynch
WASHINGTON (Reuters) - Oil trading data that exposed the extensive positions speculators held in the run-up to record high prices in ...
Fri, August 19, 2011
EU expands Syria sanctions, moves toward oil embargo
By Justyna Pawlak
BRUSSELS (Reuters) - European Union governments agreed on Friday to increase the number of Syrian officials and institutions targeted by EU sanctions ...
Thu, August 18, 2011
Oldest continually operating oil well marks 150 years
PITTSBURGH (Reuters) - The world's oldest continually producing oil well -- located in northwestern Pennsylvania -- turned 150 years old this week.
Drilled on August 16 ...
Wed, August 17, 2011
Special report: Pension scandal shakes up Venezuelan oil giant
By Marianna Parraga and Daniel Wallis
CARACAS (Reuters) - Venezuela received an enviable honor last month: OPEC said it is sitting on the biggest reserves ...
Sun, August 14, 2011
Analysis:Recession could tip U.S. oil use into permanent decline
By Joshua Schneyer
NEW YORK (Reuters) - As a U.S. economic rebound stalls and threatens to spiral into recession, oil demand in the world ...
Fri, August 12, 2011
U.S. calls for boycott of Syrian oil and gas
By Arshad Mohammed
WASHINGTON (Reuters) - The United States on Friday for the first time called on countries to stop buying Syrian oil and gas ...
Fri, August 12, 2011
Analysis: Recession risk unless oil prices fall further
By Christopher Johnson and Claire Milhench
LONDON (Reuters) - If history is any guide, another oil-induced recession may be just around the corner, at least ...
Thu, August 11, 2011
Gaddafi vows fight as world backs new leaders
By Samia Nakhoul and Mohammed Abbas
TRIPOLI (Reuters) - Muammar Gaddafi urged his supporters from hiding to fight on as Libya's new interim rulers ...
Tue, August 09, 2011
Oil slides $4 on economic gloom, dollar
By Jessica Donati
LONDON (Reuters) - Oil prices fell by more than $4 a barrel on Thursday, with U.S. futures touching $81.86 barrel ...
Tue, August 09, 2011
OPEC cuts oil demand growth forecast on economy
By Alex Lawler
LONDON (Reuters) - OPEC, source of more than a third of the world's oil, cut its forecast for global oil demand ...
Mon, August 08, 2011
Brent dives to 6-month low below $99, U.S. crude at $76
By Alejandro Barbajosa
SINGAPORE (Reuters) - Brent crude plunged to a six-month trough below $99 a barrel on Tuesday in a two-session drop of more ...
Mon, August 08, 2011
Jobs woes sink Wall Street
By Ryan Vlastelica
NEW YORK (Reuters) - Stocks tumbled 2 percent on Friday after data showing zero jobs growth in August brought investors face-to-face with ...
Thu, August 04, 2011
Global stocks slide, gold hits new high
By Anirban Nag
LONDON (Reuters) - Global stocks ceded more ground on Friday, hurt by mounting concerns the U.S. economy is heading into another ...
Thu, August 04, 2011
Analysis: Oil traders ask "what glut?" as Midwest stocks shrink
By Joshua Schneyer
NEW YORK (Reuters) - The latest U.S. oil inventory data contradict a widely held notion among oil traders that a huge ...
Thu, August 04, 2011
Analysis: Oil traders ask "what glut?" as Midwest stocks shrink
By Joshua Schneyer
NEW YORK (Reuters) - The latest U.S. oil inventory data contradict a widely held notion among oil traders that a huge ...
Sat, July 30, 2011
U.S. offshore oil producers restarting ops post-Don
By Kristen Hays
HOUSTON (Reuters) - U.S. offshore oil and natural gas producers are restarting production operations with Tropical Storm Don long over, data ...
Fri, July 29, 2011
Chevron profit jumps with oil, output growth slow
By Matt Daily and Braden Reddall
NEW YORK/SAN FRANCISCO (Reuters) - Chevron Corp, the second-largest U.S. oil company, booked a 43 percent jump ...
Fri, July 29, 2011
Oil majors Total and Eni hit by weak dollar, Libya
By Marie Maitre and Ian Simpson
PARIS/MILAN (Reuters) - French and Italian oil majors Total SA
Wed, July 27, 2011
Activist sentenced to two years for oil lease fraud
By James Nelson
SALT LAKE CITY (Reuters) - An environmental activist was sentenced to two years in prison on Tuesday in a federal court in ...
Wed, July 27, 2011
House passes bill to speed up oil sands pipe review
By Ayesha Rascoe
WASHINGTON (Reuters) - The House of Representatives on Tuesday approved legislation that would set a firm deadline for the Obama administration to ...
Tue, July 26, 2011
BP and Phibro join Q2 oil market losers
By Dmitry Zhdannikov and Braden Reddall
LONDON/SAN FRANCISCO (Reuters) - Global giant BP
Mon, July 25, 2011
Professor calls Prince Charles, others "snake-oil salesmen"
By Kate Kelland
LONDON (Reuters) - A leading professor of complementary medicine accused Britain's heir-to-the-throne Prince Charles and other backers of alternative therapies on ...
Mon, July 25, 2011
Professor calls Prince Charles, others "snake-oil salesmen"
By Kate Kelland
LONDON, Jul (Reuters) - A leading professor of complementary medicine accused Britain's heir-to-the-throne Prince Charles and other backers of alternative therapies ...
Fri, July 22, 2011
U.S. delays final report on BP oil spill probe
By Ayesha Rascoe
WASHINGTON (Reuters) - A U.S. team probing the causes of last year's massive BP oil spill has delayed the release ...
Wed, July 20, 2011
Montana governor creates oil pipeline safety panel
SALMON, Idaho (Reuters) - Montana's governor created a panel on Wednesday to review the risks of oil pipelines running under the state's rivers ...
Mon, July 18, 2011
Blasts rock Tripoli, Libya state TV says NATO strikes
TRIPOLI (Reuters) - Explosions rocked the Libyan capital early on Sunday, Reuters witnesses said, sending a giant plume of smoke into the air.
Libyan state ...
Fri, July 15, 2011
Exclusive: Germany, Italy resist second IEA oil release
By Muriel Boselli
PARIS (Reuters) - Germany and Italy are expected to oppose any second release of emergency oil reserves by the International Energy Agency ...
Sun, July 10, 2011
Island off Alabama coast bursting with birds after oil spill
By Verna Gates
BIRMINGHAM, Ala (Reuters) - Thousands of baby pelicans grunt and hiss at their parents in tightly packed nests on Gaillard Island, a ...
Sat, July 09, 2011
No toxic chemicals found in Yellowstone leak: EPA
By Laura Zuckerman
BILLINGS, Montana (Reuters) - Water downstream from a ruptured Exxon Mobil pipeline that leaked oil into the Yellowstone River showed no detectable ...
Wed, July 06, 2011
Gazprom delegation in talks with N.Korea oil ministry: report
SEOUL (Reuters) - A delegation from Russia's Gazprom OAO
Wed, July 06, 2011
Saudi offers some Asian buyers more oil: source
TOKYO (Reuters) - Saudi Arabia has offered more crude to some Asian buyers for August on top of contractual volumes, an industry source said on ...
Sun, July 03, 2011
Montana governor reviewing oil, gas pipeline safety
By Laura Zuckerman and Emilie Ritter
KALISPELL, Montana (Reuters) - Montana Governor Brian Schweitzer on Monday said authorities will review safety of all oil and ...
Sun, July 03, 2011
Sting cancels Kazakh concert over oil worker dispute
LONDON (Reuters) - British singer Sting has canceled a concert in the Kazakh capital Astana scheduled for Monday after human rights group Amnesty International informed ...
Sun, July 03, 2011
Iraq oil minister says no need for national oil company
By Ahmed Rasheed
BAGHDAD (Reuters) - The creation of a new Iraqi National Oil Company to run the OPEC member's energy sector is not ...
Sat, July 02, 2011
Exxon Mobil says oil leaked into Yellowstone River
NEW YORK (Reuters) - A pipeline operated by Exxon Mobil Corp leaked as many as 1,000 barrels of crude oil into the Yellowstone River ...
Wed, June 29, 2011
New settlement push in CFTC oil manipulation case
By Jonathan Spicer
NEW YORK (Reuters) - One of the biggest oil market manipulation cases undertaken by regulators is entering a new phase in which ...
Wed, June 29, 2011
Gas, oil abundant in Alaska's Cook inlet: report
By Yereth Rosen
ANCHORAGE, Alaska (Reuters) - Alaska's Cook Inlet basin still has potential for abundant natural gas and oil discoveries even after five ...
Wed, June 29, 2011
Obama's oil reserves plan took shape in May: official
By Roberta Rampton
WASHINGTON (Reuters) - It was on May 2, the day U.S. oil prices peaked at nearly $115 a barrel, that President ...
Sat, June 25, 2011
Iran condemns IEA decision to release oil stocks
TEHRAN (Reuters)- Iran condemned on Saturday a decision by oil consumer nations to release strategic crude stocks as politically motivated interference in the market ...
Fri, June 24, 2011
Treasury's Geithner: Oil release not political move
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Friday that the decision by the international community to release government oil reserves was not a ...
Fri, June 24, 2011
Loss of Libyan oil bigger disruption to supply than Katrina: IEA
LONDON (Reuters) - The loss of Libyan oil output since February was a much bigger disruption to global oil supply than the aftermath of hurricane ...
Thu, June 23, 2011
Oil release to address supply disruption: White House
WASHINGTON (Reuters) - The coordinated release of oil reserves by the United States and other major industrialized nations is aimed at addressing a "sustained, significant ...
Thu, June 23, 2011
Asia moves to tap oil reserves
By Tomasz Janowski
TOKYO (Reuters) - Asian nations moved to release emergency oil stockpiles on Friday as part of a rare global coordinated action by ...
Thu, June 23, 2011
House OKs speed-up of Arctic oil/gas permitting
By Ayesha Rascoe
WASHINGTON (Reuters) - The House of Representatives passed legislation on Wednesday that would speed up approvals for drilling in the Arctic by ...
Wed, June 22, 2011
Transocean report pins oil spill blame on BP
By Matt Daily
NEW YORK (Reuters) - Oil driller Transocean Ltd blamed BP Plc in a report released on Wednesday for last year's Gulf ...
Thu, June 16, 2011
Analysis: Arab spring likely to leave oil firms unscathed
By Tom Bergin
LONDON (Reuters) - Western oil firms are unlikely to face widespread asset seizures or contract revisions as a result of Arab uprisings ...
Wed, June 15, 2011
In search of fuel in oil-rich UAE
By Humeyra Pamuk and Nour Merza
DUBAI (Reuters) - Rashed al-Ali spent two hours hunting for petrol before ditching his car. He then walked to ...
Mon, June 13, 2011
Trichet: Need to prevent oil-fed inflation spiral
By Anirban Nag
LONDON (Reuters) - The European Central Bank needs to ensure recent oil and commodity price rises do not trigger inflationary problems, the ...
Mon, June 13, 2011
Gaddafi forces repel rebels at Libyan oil town
By Maria Golovnina
BENGHAZI, Libya (Reuters) - Rebels fighting against Libyan leader Muammar Gaddafi launched an offensive Sunday to retake the oil town of Brega ...
Fri, June 10, 2011
OPEC says oil supply gap looming later this year
LONDON (Reuters) - OPEC, which failed to reach agreement on raising production at a meeting this week, on Friday forecast a tightening world oil market ...
Wed, June 08, 2011
White House: concerned about oil price, has options
WASHINGTON (Reuters) - The United States is concerned about the effect of oil prices on the economy and retains all the tools at its disposal ...
Wed, June 08, 2011
OPEC oil talks collapse, no output deal
By Amena Bakr and Emma Farge
VIENNA (Reuters) - OPEC talks broke down in acrimony Wednesday without an agreement to raise output after Saudi Arabia ...
Sun, June 05, 2011
TransCanada says Keystone resumes shipping crude oil
HOUSTON (Reuters) - TransCanada Corp's 591,000 barrel-per-day (bpd) capacity Keystone pipeline resumed shipping crude oil, one week after being shut by a leak ...
Sun, June 05, 2011
Saudi to push OPEC to lift oil output, cut prices
By Amena Bakr and Richard Mably
VIENNA (Reuters) - Gulf Arab OPEC members led by Saudi Arabia will push for an increase in supplies at ...
Thu, June 02, 2011
Output increase in the air as OPEC tackles turmoil
By Barbara Lewis
GENEVA (Reuters) - OPEC could next week agree its first formal increase in supply targets since 2007 when it meets to hammer ...
Wed, June 01, 2011
Bill would allow $500 million emergency oil sale
By Tom Doggett
WASHINGTON (Reuters) - A request by the Obama administration to sell $500 million in crude from the U.S. emergency oil stockpile ...
Wed, June 01, 2011
Libya's oil chief Ghanem defects, in Rome now
By Deepa Babington
ROME (Reuters) - Libya's top oil official Shokri Ghanem appeared in Rome on Wednesday, saying he had defected because of relentless ...
Sun, May 29, 2011
Iraqi tribal disputes pose new challenge to oil firms
By Rania El Gamal
AL-KHOYOUT, Iraq (Reuters) - Sitting in his reed meeting house in what was once Iraq's marshes, sheikh Rashash al-Imara warns ...
Thu, May 26, 2011
Fredriksen calls U.S. charges on oil prices "rubbish": report
OSLO (Reuters) - Shipping magnate John Fredriksen said U.S. regulator lawsuits against two of his trading firms for suspected oil price manipulation in 2008 ...
Wed, May 25, 2011
Big oil companies face growing concern on fracking
By Anna Driver and Braden Reddall
DALLAS/SAN RAMON, California (Reuters) - Large blocks of investors in the two biggest U.S. oil companies on ...
Wed, May 25, 2011
U.S. raps Russia over former oil tycoon's case
WASHINGTON (Reuters) - The United States said on Wednesday a Russian court's decision to uphold the conviction of former oil tycoon Mikhail Khodorkovsky raised ...
Wed, May 25, 2011
U.S. relies less on oil imports to meet fuel demand: government
By Tom Doggett
WASHINGTON (Reuters) - U.S. dependence on imported oil fell below 50 percent in 2010 for the first time in more than ...
Wed, May 25, 2011
Venezuelan oil workers rally against U.S. sanctions
By Andrew Cawthorne and Diego Ore
CARACAS (Reuters) - Red-clad oil workers rallied in Venezuela on Wednesday to denounce "imperialist" U.S. sanctions over its ...
Wed, May 25, 2011
Brent, US crude extend rise, heating oil rallies
NEW YORK (Reuters) - Brent crude futures extended gains to $2 and U.S. crude to more than $1 on Wednesday, as a large drop ...
Tue, May 24, 2011
U.S. sues big oil traders for 2008 manipulation
By Joshua Schneyer and Timothy Gardner
NEW YORK/WASHINGTON (Reuters) - Regulators launched one of the biggest ever crackdowns on oil price manipulation on Tuesday ...
Tue, May 24, 2011
CFTC charges Arcadia, oil traders with manipulation
WASHINGTON (Reuters) - The U.S. futures regulator on Tuesday charged oil trader Arcadia and two senior traders with artificially driving up crude oil prices ...
Tue, May 24, 2011
Citi hires senior UBS oil banker Hobbs
LONDON (Reuters) - Citigroup <C.N> has hired a top European oil banker from UBS <UBS.N><UBSN.VX> for a senior job in Houston ...
Tue, May 24, 2011
U.S. sanctions Venezuelan oil giant for Iran trade
By Andrew Quinn and Frank Jack Daniel
WASHINGTON/CARACAS (Reuters) - The United States hit Venezuelan state oil company PDVSA with sanctions on Tuesday in ...
Mon, May 23, 2011
House Democrats urge limits on oil speculators
By David Sheppard and Ayesha Rascoe
NEW YORK/WASHINGTON (Reuters) - Congress should take steps to limit speculation in oil markets, which has boosted prices ...
Sun, May 22, 2011
Ahmadinejad remains caretaker oil minister: aide
TEHRAN (Reuters) - President Mahmoud Ahmadinejad remains Iran's caretaker oil minister, despite a ruling by the constitutional watchdog that he had no legal right ...
Fri, May 20, 2011
Democrats probe Koch's interest in oil sands pipe
WASHINGTON (Reuters) - Democratic U.S. lawmakers have asked Congressional panels to look into whether Koch, an energy company led by brothers who are powerhouses ...
Fri, May 20, 2011
U.S. says al Qaeda last year targeted oil tankers
By James Vicini and Jeremy Pelofsky
WASHINGTON (Reuters) - Al Qaeda plotted to hijack or sink oil tankers last year to prompt a spike in ...
Fri, May 20, 2011
BP cuts oil spill burden with $1.1 billion Mitsui deal
By Tom Bergin
LONDON (Reuters) - BP <BP.L> <BP.N> struck a key victory in its battle to share the cost of the Gulf ...
Thu, May 19, 2011
West's oil agency urges OPEC: pump more, or else
By Muriel Boselli
PARIS (Reuters) - The West's energy watchdog urged oil producers to boost supply to cut fuel costs, to protect economic recovery ...
Thu, May 19, 2011
IEA makes rare formal plea to oil producers
PARIS (Reuters) - The International Energy Agency (IEA) on Thursday urged oil producers to take action to protect the economy and welcomed commitments to raise ...
Tue, May 17, 2011
Cuban oil rig set to cause waves in Washington
By Daniel Wallis
LA JOLLA, Calif. , May 17 (Reuters) - The arrival of a unique oil rig off communist Cuba is set to cause waves ...
Tue, May 17, 2011
Senate stops move to repeal Big Oil tax breaks
By Timothy Gardner
WASHINGTON (Reuters) - The Senate blocked a move by Democrats to repeal billions of dollars in tax breaks enjoyed by the biggest ...
Tue, May 17, 2011
Senators step up oil blame game with refiner probe
By Tom Doggett
WASHINGTON (Reuters) - Democratic senators called for a federal probe to determine if U.S. refiners are cutting gasoline production to keep ...
Tue, May 17, 2011
BP's Arctic oil deal with Rosneft collapses
By Vladimir Soldatkin and Tom Bergin
MOSCOW/LONDON (Reuters) - BP's plan to gain a foothold in Russia's offshore Arctic oilfields through a ...
Mon, May 16, 2011
Obama oil plan aims to hush rancor in Congress
By Timothy Gardner and Roberta Rampton
WASHINGTON (Reuters) - President Barack Obama's new plan to expand oil production in the Gulf of Mexico and ...
Sun, May 15, 2011
Oil slump vindicates Fed doves
By Pedro Nicolaci da Costa
WASHINGTON (Reuters) - A sharp retreat in oil prices has lent fresh credibility to Federal Reserve officials' predictions that the ...
Sun, May 15, 2011
McConnell rejects higher taxes on oil firms
WASHINGTON (Reuters) - Senate Republican Leader Mitch McConnell on Sunday rejected a proposal to scale back tax breaks for big oil firms, calling it a ...
Fri, May 13, 2011
Bill to ax Big Oil tax breaks to fail: Jeff Bingaman
WASHINGTON (Reuters) - A Democratic bill to repeal billions of dollars in tax breaks for the top five oil companies that operate in the United ...
Thu, May 12, 2011
Exxon says oil barrel should be in $60-$70 range
WASHINGTON (Reuters) - The head of Exxon Mobil <XOM.N> stopped short of blaming speculators for the run-up in oil prices, but he told Congress ...
Wed, May 11, 2011
Senators slam Big Oil on tax breaks, huge profits
By Tom Doggett and Timothy Gardner
WASHINGTON (Reuters) - Oil executives defended the billions of dollars they get in tax breaks on Capitol Hill, only ...
Wed, May 11, 2011
Arctic nations step up cooperation on safety, oil
By Andrew Quinn
NUUK, Greenland (Reuters) - Arctic nations agreed on Thursday to improve cooperation including on preventing oil spills as a thaw of ice ...
Tue, May 10, 2011
Senator Levin to probe oil prices on market concerns
WASHINGTON (Reuters) - Senator Carl Levin, who heads a panel on investigations, said commodity prices are a huge concern and he reiterated that he plans ...
Tue, May 10, 2011
Senate bill squeezes Big Oil to ease deficit
By Timothy Gardner and Deborah Charles
WASHINGTON (Reuters) - Democratic Senators introduced a bill on Tuesday that would repeal tax breaks enjoyed by the five ...
Tue, May 10, 2011
Senate bill squeezes Big Oil to ease deficit
By Timothy Gardner and Deborah Charles
WASHINGTON (Reuters) - Democratic Senators introduced a bill on Tuesday that would repeal tax breaks enjoyed by the five ...
Tue, May 10, 2011
Senate's Reid: Big Oil tax repeal vote soon
WASHINGTON (Reuters) - Senate Leader Harry Reid said debate would begin on Tuesday on a bill that would ease the deficit by eliminating tax breaks ...
Mon, May 09, 2011
Congress to see more theatrics over high oil
By Timothy Gardner
WASHINGTON (Reuters) - Lawmakers will clash this week over strategies for combating high gasoline prices and repealing tax incentives enjoyed by big ...
Mon, May 09, 2011
Special report: What really triggered oil's greatest rout
NEW YORK (Reuters) - When oil prices fell below $120 a barrel in early New York trade last Thursday, a few big companies that are ...
Sun, May 08, 2011
Oil's slide may be a mixed blessing
By Emily Kaiser
SINGAPORE (Reuters) - After all the angst over pricey oil and the threat it posed to the global economy, it is hard ...
Sun, May 08, 2011
Boeing sees short term oil price, Mideast impact
DUBAI (Reuters) - Plane maker Boeing <BA.N> said on Sunday that high fuel prices and the social unrest in the Middle East may have ...
Sun, May 08, 2011
Qatar oil minister does not expect dramatic OPEC decision
DOHA (Reuters) - Qatar's oil minister said he does not expect OPEC to make a "dramatic" decision during the upcoming OPEC meeting in June ...
Fri, May 06, 2011
Oil crash pits floor veterans versus computer algorithms
By David Sheppard, Emma Farge and Jonathan Spicer
NEW YORK (Reuters) - A day after oil prices plunged an unprecedented $12 a barrel, a New ...
Fri, May 06, 2011
Obama, taking aim at Big Oil, says gas prices hurt
By Matt Spetalnick
INDIANAPOLIS (Reuters) - President Barack Obama said on Friday that high gasoline prices are sapping the spending power of Americans, as he ...
Thu, May 05, 2011
Fish oil may not prevent depression: study
By Janice M. Horowitz
NEW YORK (Reuters Health) - Eating fish rich in omega-3 fatty acids doesn't appear to stave off the blues in ...
Thu, May 05, 2011
Oil rebounds after 10 percent drop
By Matthew Robinson
NEW YORK (Reuters) - Oil prices bounced back on Friday from a torrid 10 percent slide the previous session, as shellshocked traders ...
Tue, May 03, 2011
BP to pay $25 million penalty over Alaska oil spill
WASHINGTON (Reuters) - BP has agreed to pay a $25 million civil penalty plus interest to settle a federal investigation into a 2006 pipeline oil ...
Tue, May 03, 2011
U.S. to settle with BP over Alaska oil pipe spill
WASHINGTON (Reuters) - The government said it will announce on Tuesday a "major" settlement with BP Plc over an oil pipeline spill on Alaska's ...
Mon, May 02, 2011
High oil prices boost airplane demand: Boeing CEO
By Kyle Peterson
CHICAGO (Reuters) - The global airline industry so far is resilient to soaring fuel costs, and carriers are showing strong demand for ...
Sat, April 30, 2011
Obama seeks end to oil industry tax breaks
By Matt Spetalnick
WASHINGTON (Reuters) - President Barack Obama on Saturday kept pressure on the Congress to end tax breaks for oil and gas companies ...
Fri, April 29, 2011
Chevrona and Total ride oil profit wave amid tax talk
By Braden Reddall
SAN FRANCISCO (Reuters) - Chevron <CVX.N> and Total <TOTF.PA> became the latest big oil companies to post sharp increases in ...
Fri, April 29, 2011
Chevron profit rises 36 percent with oil price surge
By Matt Daily and Braden Reddall
NEW YORK/SAN FRANCISCO (Reuters) - Chevron Corp <CVX.N>, the second-largest U.S. oil company, reported a larger-than-expected ...
Thu, April 28, 2011
House Budget Chair Ryan backs cutting oil subsidies
WASHINGTON (Reuters) - House Budget Committee Chairman Paul Ryan said on Thursday he supports cutting tax breaks for the oil industry as lawmakers search for ...
Thu, April 28, 2011
Sanctions on small producer Syria may buoy oil
By Dmitry Zhdannikov and Ikuko Kurahone
LONDON (Reuters) - High world oil futures prices could rise yet further if the European Union puts sanctions on ...
Thu, April 28, 2011
Exxon and Shell profits surge on higher oil prices
By Tom Bergin and Matt Daily
LONDON/NEW YORK (Reuters) - Exxon Mobil Corp and Royal Dutch Shell Plc reported significantly bigger first-quarter profits and ...
Thu, April 28, 2011
Shell profit up on oil rise, dividend hike possible
By Tom Bergin
LONDON (Reuters) - Royal Dutch Shell <RDSa.L> posted stronger than expected first-quarter profit thanks to higher oil prices and wider margins ...
Wed, April 27, 2011
Oil firm tax breaks must end quickly: Senator Reid
By Richard Cowan and Timothy Gardner
WASHINGTON (Reuters) - Senate Majority Leader Harry Reid said he would move quickly to pass legislation ending tax breaks ...
Wed, April 27, 2011
Oil firm tax breaks must end quickly: Sen. Reid
WASHINGTON (Reuters) - Senate Majority Leader Harry Reid on Wednesday said he would try to pass legislation quickly to end tax breaks for major U ...
Wed, April 27, 2011
BP profits hit by Gulf oil spill
By Tom Bergin
LONDON (Reuters) - BP Plc <BP.L> reported a 2 percent drop in first-quarter profit, falling short of analysts' forecasts as the ...
Wed, April 27, 2011
Republicans turn up heat on Obama over oil prices
By Richard Cowan
WASHINGTON (Reuters) - With Americans upset about rising gasoline prices, Republicans in Congress aim to fix the blame on one person when ...
Tue, April 26, 2011
Fryer grease rustling rises due to oil price hikes
By David Hendee
OMAHA, Neb (Reuters) - Rises in fuel prices have led to an increase in the number of used fryer grease rustlers roaming ...
Tue, April 26, 2011
Oil subsidies could go to trim deficit: Obama adviser
By Jeff Mason
WASHINGTON (Reuters) - White House economic adviser Gene Sperling on Tuesday said subsidies to the oil and gas industry could be used ...
Tue, April 26, 2011
Obama urges oil producers to increase output
By Alister Bull and David Alexander
WASHINGTON (Reuters) - President Barack Obama on Tuesday urged world oil producers to lift crude output, as he sought ...
Mon, April 25, 2011
Boehner opens door to cutting U.S. oil tax breaks
By JoAnne Allen
WASHINGTON (Reuters) - Congress should consider cutting multibillion-dollar subsidies to oil companies amid rising concern over skyrocketing gas prices, House of Representatives ...
Thu, April 21, 2011
Team to probe oil market fraud, manipulation: Obama
RENO (Reuters) - President Barack Obama said on Thursday the U.S. attorney general was assembling a team to root out any fraud and manipulation ...
Thu, April 21, 2011
BP to provide $1 billion for oil spill projects
WASHINGTON (Reuters) - BP Plc has agreed to provide $1 billion for projects in the Gulf of Mexico to restore natural resources damaged by last ...
Wed, April 20, 2011
BP sues Transocean for $40 billion over oil spill
By Jonathan Stempel and Paritosh Bansal
NEW YORK (Reuters) - On the first anniversary of the Gulf of Mexico oil spill, BP Plc sued Transocean ...
Wed, April 20, 2011
U.S. fears Cuba oil drilling, Mexico suggests talks
By Tom Doggett
WASHINGTON (Reuters) - A top U.S. official said on Thursday they were concerned about Cuba opening its offshore waters to oil ...
Sun, April 17, 2011
Saudi slashes oil output, says market oversupplied
By Amena Bakr and Reem Shamseddine
KUWAIT (Reuters) - Saudi Arabia's oil minister said on Sunday the kingdom had slashed output by 800,000 ...
Sat, April 16, 2011
Iraq may ditch $57 million of food ration cooking oil
By Waleed Ibrahim
BAGHDAD (Reuters) - About $57 million worth of cooking oil once destined for Iraq's national food ration program may be fed ...
Fri, April 15, 2011
A year on, Gulf still grapples with BP oil spill
By Anna Driver and Matthew Bigg
VENICE, La./WAVELAND, Mississippi (Reuters) - When a BP oil rig exploded and sank in the Gulf of Mexico ...
Fri, April 15, 2011
Obama says little he can do about high oil prices
By Timothy Gardner
WASHINGTON (Reuters) - President Barack Obama said there are no quick fixes to bring down rising gasoline prices and urged caution about ...
Fri, April 15, 2011
BP faces angry oil spill protesters at AGM
By Tom Bergin
LONDON (Reuters) - BP's annual shareholder meeting was disrupted by campaigners protesting against the oil giant's role in the Gulf ...
Thu, April 14, 2011
BP faces angry oil spill protesters at AGM
By Tom Bergin
LONDON (Reuters) - BP's <BP.L> annual shareholder meeting was disrupted by campaigners protesting against the oil giant's role in ...
Wed, April 13, 2011
Republicans push bills to boost offshore oil drilling
By Tom Doggett
WASHINGTON (Reuters) - Republican lawmakers in the House of Representatives on Wednesday pushed a trio of bills through a congressional committee that ...
Wed, April 13, 2011
Government to review plans to develop oil shale, tar sands
WASHINGTON (Reuters) - The Obama administration said on Wednesday it will "take a fresh look" at plans issued under the prior Bush administration to develop ...
Tue, April 12, 2011
OPEC keeps 2011 oil demand growth forecast steady
LONDON (Reuters) - The Organization of the Petroleum Exporting Countries said it expects oil demand to grow by 1.4 million barrels per day (bpd ...
Tue, April 12, 2011
IEA warns oil price rally may lead to global slowdown
By Dmitry Zhdannikov and Nia Williams
LONDON (Reuters) - Sky-high oil prices are beginning to dent oil demand growth, the International Energy Agency said on ...
Mon, April 11, 2011
Fed to stick with low rates, despite oil price rise
By Pedro Nicolaci da Costa
NEW YORK (Reuters) - Two of the Federal Reserve's most powerful officials said on Monday the U.S. central ...
Thu, April 07, 2011
Scientists link oil on dolphins to BP spill
By Leigh Coleman
BILOXI, Mississippi (Reuters) - Scientists confirmed on Thursday that they have discovered oil on dead dolphins found along the U.S. Gulf ...
Wed, April 06, 2011
Fed's Lockhart sees muted inflation effect from oil
By Pedro Nicolaci da Costa
KNOXVILLE, Tennessee (Reuters) - Americans still expect inflation to remain stable, making it unlikely that recent spikes in commodity costs ...
Tue, April 05, 2011
Still hope for Brazil's soybean harvest: Oil World
HAMBURG (Reuters) - Brazil's 2011 soybean harvest could turn out better than expected despite damaging rain with crop yields higher than previously forecast, Hamburg-based ...
Mon, April 04, 2011
U.S. oil-spill panel focuses on blowout preventer
By Kathy Finn
METAIRIE, Louisiana (Reuters) - An off-center drilling pipe in BP's doomed Macondo well disabled a blowout-preventer and prevented the fail-safe device ...
Sat, April 02, 2011
Strike halts all Gabon crude oil output - union
By Phal Gualbert Mezui Ndong
LIBREVILLE (Reuters) - Striking oil workers in Gabon stopped the African country's estimated 240,000 barrels of daily crude ...
Sat, April 02, 2011
Obama pushes for oil use reduction, clean fuel technology
WASHINGTON (Reuters) - President Barack Obama said on Saturday curbing foreign oil dependence and investments in clean fuel technology are the main tenets of his ...
Tue, March 29, 2011
Obama calls for deep cuts in U.S. oil imports
By Alister Bull and Patricia Zengerle
WASHINGTON (Reuters) - President Barack Obama on Wednesday proposed to cut U.S. oil imports by a third over ...
Mon, March 28, 2011
U.S.: Libyan rebel oil sales must avoid Gaddafi firms
WASHINGTON (Reuters) - Crude oil sales by Libyan rebels would not be subject to U.S. sanctions if they are completed outside of the National ...
Fri, March 25, 2011
Rare dinosaur found in Canada's oil sands
By Julie Gordon
TORONTO (Reuters) - The Canadian oil sands, a vast expanse of tar and sand being mined for crude oil, yielded treasure of ...
Fri, March 25, 2011
China detained Glencore trader in oil imports probe
By Aizhu Chen
BEIJING (Reuters) - China's customs authorities detained a Glencore <GLEN.UL> trader as part of an investigation into the potential evasion ...
Thu, March 24, 2011
Barclays raises 2011 oil price forecasts
(Reuters) - Barclays Capital <BARCBC.UL> raised its 2011 oil price forecasts on Thursday to reflect the cumulative effect of the fundamental and geopolitical developments ...
Wed, March 23, 2011
U.S. examines blowout preventer in BP oil spill
By Tom Doggett and Ayesha Rascoe
WASHINGTON (Reuters) - The failure of the underwater blowout preventer that led to the massive BP oil spill in ...
Sun, March 20, 2011
Libya to push up oil, cool risk appetite
By Gertrude Chavez-Dreyfuss and Jeremy Gaunt
NEW YORK/LONDON (Reuters) - Investors already bruised by the Japan disaster now confront military air strikes on Libya ...
Sun, March 20, 2011
Substance in Gulf of Mexico likely sediment, not oil
By Colleen Jenkins
ST. PETERSBURG, Fla (Reuters) - A reported "sheen" in the Gulf of Mexico off the coast of Louisiana is likely the result ...
Sun, March 20, 2011
Oil's risk premium may rise on Libya, Middle East
By Nick Trevethan
SINGAPORE (Reuters) - Oil prices may rise again on Monday as traders ratchet up the risk premium for crude after Western forces ...
Fri, March 18, 2011
Burglar feels the heat dangling over hot oil vat
NEW YORK (Reuters) - Police answering cries for help on Friday found a screaming burglar dangling from a ceiling air vent over a hot fat ...
Wed, March 16, 2011
Exchanges defend speculation amid oil price surge
By Jonathan Spicer
BOCA RATON, Fla (Reuters) - Two top energy market operators redoubled their defense of speculators on Wednesday amid renewed concerns in the ...
Wed, March 16, 2011
Exchanges defend speculation amid oil price surge
By Jonathan Spicer
BOCA RATON, Fla (Reuters) - Two top energy market operators sounded a familiar warning over renewed concerns in the oil market, arguing ...
Sun, March 13, 2011
Oil plummets more than 8 percent as commodities battered
By Matthew Robinson
NEW YORK (Reuters) - Oil plunged more than 8 percent on Thursday, heading for the third biggest daily drop in dollar terms ...
Sun, March 13, 2011
Top Senate Democrat urges tapping oil reserve
WASHINGTON (Reuters) - President Barack Obama should tap the country's strategic oil reserve to combat rising fuel prices, a top Senate Democrat said on ...
Fri, March 11, 2011
San Francisco port suspends oil transfer
NEW YORK (Reuters) - The Port of San Francisco said on Friday the port's Captain suspended all transfer of oil and hazardous materials as ...
Thu, March 10, 2011
BP oil spill offers clues on air pollution: study
WASHINGTON (Reuters) - The BP oil spill that sent 4 million barrels of crude into the Gulf of Mexico last year also created air pollution ...
Thu, March 10, 2011
Special Report: Risk, reward and Kurdistani oil
By Tom Bergin
TAWKE, Iraq (Reuters) - In this part of Iraq, the hillsides sweat oil. Without any coaxing, the sticky black treasure oozes from ...
Wed, March 09, 2011
Global recovery on track but oil poses risk: Reuters poll
By Andy Bruce
LONDON (Reuters) - The United States will lead a rich-world recovery characterized by unspectacular growth this year and next, according to a ...
Wed, March 09, 2011
Qantas, Singapore up fuel surcharge, Cathay warns on oil impact
By Narayanan Somasundaram and Alison Leung
SYDNEY/HONG KONG (Reuters) - Qantas Airways <QAN.AX> and Singapore Airlines <SIAL.SI> said on Wednesday they would ...
Tue, March 08, 2011
As oil muddies outlook, Fed policy less certain
By Pedro Nicolaci da Costa
WASHINGTON (Reuters) - Surging oil prices are deepening a split inside the Federal Reserve, blurring the likely direction of monetary ...
Mon, March 07, 2011
Oil markets well supplied, Algerian oil minister says
By Bruce Nichols
HOUSTON (Reuters) - OPEC member Algeria is concerned about Libyan supply disruptions but sees no physical crude oil shortages globally, the country ...
Mon, March 07, 2011
Algeria oil minister: no plan for extra OPEC meeting
NEW YORK (Reuters) - There are no plans for an extraordinary meeting of the Organization of Petroleum Exporting Countries at this time, despite continuing unrest ...
Mon, March 07, 2011
Justice Department to set up oil spill probe task force
WASHINGTON (Reuters) - The Justice Department said on Monday that it will create a single task force to oversee all aspects of its criminal investigation ...
Mon, March 07, 2011
White House: oil price a factor for tapping reserve
By Jeff Mason
WASHINGTON (Reuters) - The White House said on Monday the price of oil was one factor -- but not the only factor -- that ...
Mon, March 07, 2011
Fed bond buys to be completed as oil on radar: officials
By Kristina Cooke
NEW YORK (Reuters) - The Federal Reserve's $600 billion bond purchase program will be completed as planned, top Fed officials signaled ...
Mon, March 07, 2011
Morgan Stanley cancels all Libya oil trade: source
By Emma Farge
LONDON (Reuters) - Wall Street bank Morgan Stanley has stopped trading oil with Libya, a trade source said on Monday, in an ...
Mon, March 07, 2011
Morgan Stanley cancels all Libya oil trade: source
LONDON (Reuters) - Wall Street bank Morgan Stanley <MS.N> has stopped trading oil with Libya, a trade source said on Monday, in an early ...
Mon, March 07, 2011
Food may eclipse oil as spending threat
By Emily Kaiser
WASHINGTON (Reuters) - Food, not oil, may prove to be the bigger threat to global growth, with the pain falling disproportionately upon ...
Sun, March 06, 2011
U.S. could tap oil reserves as gasoline price surges
By Jackie Frank and Lewis Krauskopf
WASHINGTON/SINGAPORE (Reuters) - The U.S. government reiterated that it could tap its strategic oil reserves in order ...
Sun, March 06, 2011
Oil platform off Louisiana catches fire, 2 rescued
HOUSTON (Reuters) - An oil production platform caught fire in the Gulf of Mexico on Sunday and two people on board were rescued, but the ...
Sun, March 06, 2011
Oil platform off Louisiana catches fire as 2 rescued
HOUSTON (Reuters) - An oil production platform caught fire in the Gulf of Mexico on Sunday and two people on board were rescued, but the ...
Sun, March 06, 2011
White House considers tapping oil reserves
By Jackie Frank
WASHINGTON (Reuters) - White House Chief of Staff William Daley said on Sunday the Obama administration was considering tapping into the U ...
Sat, March 05, 2011
Stocks hit oil slick but economy to trump
By Edward Krudy
NEW YORK (Reuters) - Stocks will take their cues from the oil market this week as unrest rumbles through the Middle East ...
Thu, March 03, 2011
Geithner plays down oil supply risks
By Glenn Somerville
WASHINGTON (Reuters) - Rich nations could tap strategic oil reserves if needed to ward off the risk that Middle East political unrest ...
Thu, March 03, 2011
Oil prices may be up, but U.S. drivers aren’t cutting
By Emily Kaiser and Lauren Young
WASHINGTON/NEW YORK (Reuters) - As gasoline prices soared in February, Americans bought big pick-up trucks.
For all the ...
Thu, March 03, 2011
FAO warns on oil as world food prices hit record
By Svetlana Kovalyova
MILAN (Reuters) - Global food prices hit a record high in February, the United Nations said Thursday, warning that further oil price ...
Wed, March 02, 2011
IEA economist says expensive oil here to stay
BERLIN (Reuters) - High oil prices are a threat to the global economic recovery and present a challenge the world will have to face over ...
Tue, March 01, 2011
U.S. to study health impact of BP oil spill
WASHINGTON (Reuters) - The U.S. National Institutes of Health has launched a massive, long-range health study of people who helped clean up last year ...
Tue, March 01, 2011
American Air cuts capacity growth as oil rallies
ATLANTA (Reuters) - American Airlines parent AMR Corp <AMR.N> said it would cut planned capacity growth this year as the industry wrestles with higher ...
Mon, February 28, 2011
Oil and gas companies need to do more on corruption: report
MILAN (Reuters) - Global oil and gas companies still need to do more to help stamp out corruption in the countries where they operate despite ...
Mon, February 28, 2011
IMF warns sustained high oil prices would hit growth
PANAMA CITY (Reuters) - The head of the International Monetary Fund warned on Monday that global economic growth could suffer if the price of oil ...
Mon, February 28, 2011
Libyan oil output cut by at least half, Saudi steps in
By Muriel Boselli and Amena Bakr
PARIS/RIYADH (Reuters) - The uprising in Libya has cut its oil output by half, the International Energy Agency ...
Mon, February 28, 2011
Fed's Bullard: economy doing well, oil not a drag
By Mark Felsenthal
WASHINGTON (Reuters) - A top Federal Reserve official said on Monday the economy should do well in 2011 and that oil prices ...
Mon, February 28, 2011
January air traffic picks up, high oil prices loom: IATA
ZURICH (Reuters) - International air freight and passenger traffic picked up in January but rising oil prices caused by political unrest in the Middle East ...
Sun, February 27, 2011
Rising oil prices could stall states' recoveries
By Lisa Lambert
WASHINGTON (Reuters) - Rising oil prices could trample prospects for economic recovery in many states, three governors warned on Sunday, as a ...
Sun, February 27, 2011
Oil spike may split Fed and ECB
By Emily Kaiser
WASHINGTON (Reuters) - The Federal Reserve and European Central Bank may go their separate ways if Middle East unrest provokes a sustained ...
Sat, February 26, 2011
Possible pullback on high oil
By Ryan Vlastelica
NEW YORK (Reuters) - On Wall Street they wonder: Was that it? Is the pullback over?
Following the S&P 500's ...
Fri, February 25, 2011
Higher oil slippery slope for consumer goods market
By Martinne Geller
BOCA RATON, Florida (Reuters) - The uphill climb for consumer goods makers to improve sales and profits is getting more slippery, as ...
Fri, February 25, 2011
Saudi raises oil output as Libyan exports disrupted
By Barbara Lewis and Muriel Boselli
DUBAI/PARIS (Reuters) - Top exporter Saudi Arabia has raised oil output above 9 million barrels per day (bpd ...
Fri, February 25, 2011
IMF says economic losses from oil prices limited
By Lesley Wroughton
WASHINGTON (Reuters) - Higher oil prices should have a limited impact on the world economy if prices stay at current levels, the ...
Fri, February 25, 2011
Saudi raises oil output as Libyan exports disrupted
By Barbara Lewis and Muriel Boselli
DUBAI/PARIS (Reuters) - Saudi Arabia has raised oil output about 8 percent to above 9 million barrels per ...
Fri, February 25, 2011
Libyan oil ports, terminals mostly halted: sources
By Emma Farge and Jonathan Saul
LONDON (Reuters) - Crude oil shipments from Libya, the world's 12th largest exporter, have almost halted as reduced ...
Fri, February 25, 2011
U.S., Saudi reassure on growth as Libya turmoil drives oil
By Jeff Mason and Amena Bakr
WASHINGTON/RIYADH (Reuters) - The world can weather a spike in oil prices, U.S. President Barack Obama said ...
Thu, February 24, 2011
Obama, Geithner seek to quell fears about oil spike
By Jeff Mason
WASHINGTON (Reuters) - President Barack Obama and Treasury Secretary Timothy Geithner sought to quell fears on Thursday that unrest in Libya would ...
Thu, February 24, 2011
Oil tumbles on rumors Gaddafi shot: traders
NEW YORK (Reuters) - Traders said oil prices fell by more than $2 a barrel in late Thursday activity on rumors Libyan leader Muammar Gaddafi ...
Thu, February 24, 2011
Geithner: world reserves ample to deal with oil disruption
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Thursday there is substantial capacity across major world economics in strategic oil reserves in the event ...
Thu, February 24, 2011
Lawmakers urge Obama to release emergency oil
By Tom Doggett
WASHINGTON (Reuters) - Three lawmakers on Thursday urged President Barack Obama to consider tapping America's emergency oil supply to help lower ...
Thu, February 24, 2011
GM shares hit post-IPO low, oil risk trumps profit
By Kevin Krolicki and Bernie Woodall
DETROIT (Reuters) - General Motors Co posted fourth-quarter results that topped Wall Street expectations, but its shares fell below ...
Wed, February 23, 2011
White House: higher oil prices won't halt recovery
By Caren Bohan and Alister Bull
WASHINGTON (Reuters) - The White House on Wednesday said higher oil prices caused by Middle East unrest must be ...
Wed, February 23, 2011
Cables show Libya pressed oil firms to reimburse terror costs
By Sara Ledwith
LONDON (Reuters) - Libya's ruling family tried to coerce billions of dollars from Libyan and foreign oil companies, and its leader ...
Tue, February 22, 2011
Repsol, Eni suspend Libya oil output, ports disrupted
By Alex Lawler and Alberto Sisto
LONDON/ROME (Reuters) - Two more oil companies halted output on Tuesday in Libya as unrest sweeping Africa's ...
Tue, February 22, 2011
U.S. airline shares tumble on soaring oil prices
By Kyle Peterson
CHICAGO (Reuters) - U.S. airline stocks tumbled on Tuesday, smacked by a spike in oil prices amid unrest in the Middle ...
Tue, February 22, 2011
Sen. Kerry: Oil firms should stop work in Libya
WASHINGTON (Reuters) - Senator John Kerry on Tuesday urged all American and international oil companies to immediately cease operations in Libya, where the death toll ...
Tue, February 22, 2011
Wall St ends the week flat as oil prices weigh
By Angela Moon
NEW YORK (Reuters) - Wall Street erased most of its weekly gains on Friday as fears of more geopolitical turmoil and higher ...
Mon, February 21, 2011
Oil falls on Japan quake
By Robert Gibbons
NEW YORK (Reuters) - Oil prices fell on Friday after a massive earthquake shook Japan, shutting refineries and other industrial facilities in ...
Mon, February 21, 2011
Wintershall to stop Libya oil output, removes staff
FRANKFURT (Reuters) - Wintershall, the oil and gas exploration arm of chemicals company BASF <BASF.DE>, said on Monday it was preparing to wind down ...
Mon, February 21, 2011
Libya unrest stops some oil output, firms move staff
By Vera Eckert and Daniel Fineren
FRANKFURT/LONDON (Reuters) - Spreading unrest in Libya shut down 6 percent of oil output in Africa's No ...
Mon, February 21, 2011
BP partners Reliance in $7.2 billion Indian oil hunt
By Sarah Young and Jo Winterbottom
LONDON/NEW DELHI (Reuters) - BP <BP.L> lined up one of the biggest foreign direct investments in India ...
Mon, February 21, 2011
BP suspends gas, oil drilling preparations in Libya
LONDON (Reuters) - BP PLC <BP.L> has suspended preparations for exploratory drilling for oil and gas in western Libya due to growing unrest in ...
Mon, February 14, 2011
BP faces new oil spill lawsuit by Ohio, NY funds
NEW YORK (Reuters) - State pension funds in Ohio and New York filed an amended complaint against BP Plc seeking to recover investment losses due ...
Fri, February 11, 2011
U.S. icebreakers can't handle Alaska oil spills: official
WASHINGTON (Reuters) - The U.S. Coast Guard does not have enough working icebreakers to respond to a major oil spill in Alaskan waters, the ...
Fri, February 11, 2011
Government sees major safety issues on Alaska oil line
By Joshua Schneyer
NEW YORK (Reuters) - A U.S. government investigation of the Trans Alaska oil pipeline has found potentially major safety issues on ...
Fri, February 11, 2011
Total 2010 profits jump on higher oil prices
By Marie Maitre and Muriel Boselli
PARIS (Reuters) - Total <TOTF.PA> reported bumper earnings on Friday, bolstered by stronger oil prices, and the French ...
Wed, February 09, 2011
Pirates hijack U.S.-bound oil tanker off Oman
By Jonathan Saul and Renee Maltezou
LONDON/ATHENS (Reuters) - Suspected Somali pirates captured a U.S.-bound tanker carrying around $200 million worth of ...
Mon, February 07, 2011
Oil driller Ensco to buy rival Pride for $7.3 billion
By Matt Daily and Braden Reddall
NEW YORK/SAN FRANCISCO (Reuters) - Ensco Plc <ESV.N> plans to buy Pride International Inc <PDE.N> for ...
Sun, February 06, 2011
BP ex-CEO in talks on Abu Dhabi oil firm: report
LONDON (Reuters) - Former BP boss Tony Hayward has been approached to launch a new Abu Dhabi-backed oil firm less than six months after he ...
Sun, February 06, 2011
Egypt unrest may push oil above $110: Kuwait official
KUWAIT (Reuters) - Global oil prices could exceed $110 a barrel if political unrest in Egypt continues, a member of Kuwait's Supreme Petroleum Council ...
Tue, February 01, 2011
BP fund underpays oil spill victims: Mississippi
By Leigh Coleman
BILOXI, Mississippi (Reuters) - U.S. courts must compel the administrator of BP's $20 billion oil spill fund to meet his ...
Sat, January 29, 2011
Gas leak at Texas oil refinery prompts evacuation
HOUSTON (Reuters) - No injuries were reported due to a gas leak at a Texas City, Texas, refinery that forced the evacuation of nearby homes ...
Wed, January 26, 2011
Lawmakers vow to pursue oil spill bill
By Ayesha Rascoe
WASHINGTON (Reuters) - Democrats on Wednesday pressed for new legislation aimed at preventing a repeat of last year's massive BP oil ...
Mon, January 24, 2011
Florida lawmaker seeks to block Cuba oil drilling
MIAMI (Reuters) - A Florida Republican congressman has sent a proposed bill to Congress seeking to block Cuba's plans to start its first full-scale ...
Mon, January 24, 2011
Halliburton tops profit forecast on U.S. oil surge
By Matt Daily and Braden Reddall
NEW YORK/SAN FRANCISCO (Reuters) - Oilfield service company Halliburton Co <HAL.N> posted higher-than-expected profits, boosted by oil ...
Tue, January 18, 2011
Alaska oil pipe restarts, normal production resuming
By Yereth Rosen
ANCHORAGE, Alaska (Reuters) - Alaska's crude oil pipeline resumed operations on Monday, restoring the flow of about 12 percent of U ...
Mon, January 17, 2011
Alaska oil pipe restarts
By Yereth Rosen
ANCHORAGE, Alaska (Reuters) - Alaska's crude oil pipeline resumed operations on Monday, restoring the flow of about 12 percent of U ...
Sun, January 16, 2011
Iran joins Venezuela, Libya to say no harm in $100 oil
By Ramin Mostafavi
TEHRAN (Reuters) - OPEC's leading oil price hawk Iran joined Venezuela and Libya on Sunday to say it saw no need ...
Sun, January 16, 2011
Oil prices rising too high, too fast: Total CEO
ABU DHABI (Reuters) - Global oil prices have risen too high, too quickly but increased OPEC output will not stem the rise as the climb ...
Thu, January 13, 2011
Alaska to shut oil pipe this weekend for bypass
NEW YORK (Reuters) - Alaska's main oil pipeline will shut for 36 hours over the weekend to install a bypass aimed at restoring oil ...
Sun, January 09, 2011
OPEC may hike oil output if price hit $110: source
By Eman Goma
KUWAIT (Reuters) - Speculation could push oil prices to rise to $110 per barrel within a few weeks, which may prompt OPEC ...
Sat, January 08, 2011
Alaska oil pipeline disruption enters third day, boosts prices
ANCHORAGE/SINGAPORE (Reuters) - A shutdown of the Trans Alaska Pipeline, which ships 12 percent of U.S. crude output, entered a third day on ...
Thu, January 06, 2011
BP, Transocean shrug off scathing oil spill report
LONDON (Reuters) - Shares in BP Plc and Transocean shrugged off a scathing report from U.S. Presidential panel which blamed the United States' worst ...
Tue, January 04, 2011
Euro dips before more debt auctions, oil edges up
By Kevin Plumberg
HONG KONG (Reuters) - The euro dipped on Thursday but could head higher if Spain and Italy, like Portugal, also find decent ...
Sun, January 02, 2011
Russian 2010 oil output hits post-Soviet record
By Vladimir Soldatkin
MOSCOW (Reuters) - Russian oil output rose by 2.2 percent in 2010 to a record 10.1 million barrels per day ...
Sat, January 01, 2011
Russia in milestone oil pipeline supply to China
MOSCOW (Reuters) - Russia, the world's top crude exporter, said it had begun scheduled oil shipments to China via an East Siberian link on ...
Fri, December 31, 2010
No quick compromise in India-Iran oil row
By Nidhi Verma and Ramin Mostafavi
NEW DELHI/TEHRAN (Reuters) - India and Iran failed to find a quick way on Friday to enable New ...
Thu, December 30, 2010
More evidence olive oil and veggies help the heart
By Alison McCook
NEW YORK (Reuters Health) - It's no secret that eating well is good for both body and mind, so it may ...
Thu, December 30, 2010
Oil at $90 brings small OPEC supply rise: survey
By Alex Lawler
LONDON (Reuters) - OPEC output has risen slightly in December as Nigerian supply has increased, a Reuters survey found, indicating the group ...
Tue, December 28, 2010
Feinberg strikes deals to settle oil spill claims
HOUSTON (Reuters) - The administrator of BP Plc's $20 billion compensation fund has paid $43 million to residents of the U.S. Gulf Coast ...
Sun, December 26, 2010
Market oil balanced, prices likely to increase: Iran
TEHRAN (Reuters) - Iran's OPEC governor Mohammad Ali Khatibi said on Sunday that the oil market was stable and the crude prices could reach ...
Fri, December 24, 2010
Fish oil won't accelerate weight loss
NEW YORK (Reuters Health) - Fish oil capsules won't help boost weight loss if you're already dieting and exercising, new research in the ...
Fri, December 24, 2010
World economy can withstand $100 oil price: Kuwait
By Shaimaa Fayed and Amena Bakr
CAIRO (Reuters) - The global economy can withstand an oil price of $100 a barrel, Kuwait's oil minister ...
Thu, December 23, 2010
Stephen Baldwin sues Kevin Costner in BP Oil drama
By Eriq Gardner
LOS ANGELES (Hollywood Reporter) - In the midst of the oil spill in the Gulf of Mexico by BP drilling rig, Deepwater ...
Thu, December 23, 2010
Arab OPEC ministers to meet as oil price tops $91
By Sherine El Madany and Shaimaa Fayed
CAIRO (Reuters) - Arab OPEC ministers began arriving in Cairo on Thursday ahead of talks expected to broach ...
Thu, December 23, 2010
Oil near 27-month peak; U.S. crude stocks fall seen
Dmitry Zhdannikov
LONDON (Reuters) - Oil held near its highest prices in more than two years in volatile trade on Tuesday, due to accelerating manufacturing ...
Mon, December 20, 2010
Texas, home to Big Oil, takes shine to solar power
By Chris Baltimore
AUSTIN, Texas (Reuters) - Texas has long been home to Big Oil companies that specialize in extracting petroleum from hard-to-reach places. Now ...
Mon, December 20, 2010
Chevron shuts Nigeria oil pipeline after attack
By Joe Brock
ABUJA (Reuters) - U.S. energy firm Chevron <CVX.N> said on Monday it had suspended production from an oil pipeline in ...
Fri, December 17, 2010
Total, Suncor in $1.8 billion Canada oil sands deal
By Tim Hepher and Marie Maitre
PARIS (Reuters) - France's Total said on Friday it would spend C$1.75 billion ($1.8 billion ...
Thu, December 16, 2010
Russia stakes $25 billion claim on Asian oil bonanza
By Jessica Bachman and Gleb Gorodyankin
KHABAROVSK, Russia (Reuters) - Halfway down a muddy slope in the Russian taiga, a team of welders shelters in ...
Thu, December 16, 2010
BP investors spooked by oil spill lawsuit
By Tom Bergin and Sarah Young
LONDON (Reuters) - Oil major BP was the biggest faller on Britain's blue-chip board on Thursday, as investors ...
Mon, December 13, 2010
GE to buy UK oil pipemaker Wellstream for $1.3 billion
By Tom Bergin
LONDON (Reuters) - General Electric Co reached a deal to buy Wellstream Holdings Plc by raising its bid for the British oil ...
Sun, December 12, 2010
GE to agree $1.2 billion takeover of oil firm Wellstream: report
LONDON (Reuters) - General Electric <GE.N> could unveil a 755 million pound-plus ($1.2 billion) takeover of British oilfield services company Wellstream Holdings <WSML ...
Sat, December 11, 2010
Saudi still favors $70-$80 oil, OPEC holds supply
By Amena Bakr and Hugh Bronstein
QUITO (Reuters) - Leading OPEC producer Saudi Arabia said on Saturday it still favored a $70-$80 price range ...
Thu, December 09, 2010
Bush demands more action for Gulf oil spill clean-up
The One Tree Hill star has been campaigning to raise funds for the victims of the BP mess since a rig ruptured in April ...
Wed, December 08, 2010
U.S. sees flawed test in Chevron Utah oil pipe leak
By Bruce Nichols
HOUSTON (Reuters) - Failure to follow test procedures last June may have caused a Chevron oil pipeline leak in Utah on December ...
Thu, December 02, 2010
U.S. oil spill panel urges increased safety steps
By Ayesha Rascoe
WASHINGTON (Reuters) - The White House oil spill commission on Thursday challenged offshore drillers to boost safety standards, detailing proposals for the ...
Wed, December 01, 2010
Oil rig fire in Louisiana, as many as 3 hurt
HOUSTON (Reuters) - An oil field service rig working on an inactive gas well caught fire in Louisiana on Wednesday, injuring as many as three ...
Wed, December 01, 2010
Special report: How BP's oil spill costs could double
By Tom Bergin
LONDON (Reuters) - Last month, BP increased by $8 billion the financial provisions it was taking for the Gulf of Mexico oil ...
Wed, November 24, 2010
File BP oil spill claims early, administrator says
By Bruce Nichols
HOUSTON (Reuters) - The administrator of BP Plc's $20-billion fund for victims of the worst U.S. offshore oil spill on ...
Sat, November 20, 2010
Ecuador says two oil firms will not sign new deals
QUITO (Reuters) - A pair of international oil firms are set to reject new contracts offered by Ecuador's government as part of the OPEC ...
Fri, November 19, 2010
BP fights court bid to lift oil-spill damages limit
By Moira Herbst
NEW YORK, Nov 19 (Reuters Legal) - BP Plc <BP.L> had said for months it would pay all legitimate damages for ...
Thu, November 18, 2010
BP's probation over Alaska oil spill challenged
By Yereth Rosen
ANCHORAGE, Alaska (Reuters) - BP's Alaska unit should have its criminal probation revoked and be subject to additional penalties because the ...
Wed, November 17, 2010
Oil groups press Congress for Interior funding
By Ayesha Rascoe
WASHINGTON (Reuters) - Oil industry groups on Wednesday urged U.S. lawmakers to allocate more money for the federal offshore drilling regulator ...
Wed, November 17, 2010
GE Oil & Gas Plant in Oshkosh May Close
OSHKOSH, Wis. (WTAQ) - GE Oil & Gas officials say they're considering closing its Oshkosh plant, which would mean a loss of jobs and other ...
Tue, November 09, 2010
Singapore Air to change oil-stained A380 engines
By Harry Suhartono and Balazs Koranyi
SINGAPORE/SYDNEY (Reuters) - Singapore Airlines will replace engines on three of its Airbus A380 planes after finding oil ...
Tue, November 09, 2010
Company errors, complacency preceded oil spill: panel
By Ayesha Rascoe
WASHINGTON (Reuters) - Complacency at BP, as well as at Transocean Ltd and Halliburton, led to serious missteps prior to the rig ...
Mon, November 08, 2010
U.S. panel mostly agrees with BP's oil spill probe
WASHINGTON (Reuters) - The White House oil spill panel agrees with about 90 percent of the results of BP's internal investigation of the causes ...
Sat, November 06, 2010
Oil price rise not threat to global recovery: IMF
KUWAIT (Reuters) - The International Monetary Fund does not see a rise in oil prices as a threat to the global economic recovery and will ...
Fri, November 05, 2010
Hulman Family Drills For Oil
TERRE HAUTE, Ind. (WIBQ) - The Hulman family wants to drill for oil on its own property. But family representatives still had to go before ...
Thu, November 04, 2010
Oil gushers: not quite what they used to be
By Braden Reddall
TAFT, California (Reuters) - Drive too fast through the dusty, rolling hills of California's oil country and you could easily miss ...
Tue, November 02, 2010
Toxic chemicals found deep at BP oil spill site
WASHINGTON (Reuters) - Toxic chemicals at levels high enough to kill sea animals extended deep underwater soon after the BP oil spill, U.S. researchers ...
Mon, November 01, 2010
Yemen hunts bomb suspect as oil pipeline attacked
By Mohamed Sudam
SANAA (Reuters) - Yemen launched an operation on Tuesday to arrest a Saudi bomb maker accused of being behind a foiled bomb ...
Fri, October 29, 2010
Total profits soar on higher oil, refining
By Matthias Blamont
PARIS (Reuters) - French oil company Total <TOTF.PA> posted a 54 percent profit rise on Friday as higher oil and gas ...
Thu, October 28, 2010
Exxon, Shell profits bubble higher with oil prices
By Tom Bergin and Anna Driver
LONDON/HOUSTON (Reuters) - The world's biggest oil companies, Exxon Mobil <XOM.N> and Royal Dutch Shell <RDSa ...
Thu, October 28, 2010
Shell Q3 jumps on higher oil prices
By Tom Bergin
LONDON (Reuters) - Royal Dutch Shell Plc beat all analyst forecasts by reporting an 18 percent jump in third-quarter profits thanks to ...
Mon, October 25, 2010
BP sells Gulf of Mexico fields to pay for oil spill
TOKYO/LONDON (Reuters) - BP agreed to sell four fields in the deepwater of the Gulf of Mexico to Japan's Marubeni Corp for $650 ...
Fri, October 22, 2010
BP to miss Big Oil's bumper Q3 due to oil spill
By Tom Bergin
LONDON (Reuters) - BP's Gulf of Mexico oil spill meant it missed out on an industry-wide trend of higher profits and ...
Wed, October 20, 2010
Water concerns grow over Canada-U.S. mega oil pipe
By Timothy Gardner
WASHINGTON (Reuters) - Nebraskan officials are urging the State Department to ensure a proposed $7 billion pipeline that plans to send Canadian ...
Tue, October 19, 2010
Fish oil no help for mom's mood, baby's development
By Frederik Joelving
NEW YORK (Reuters Health) - Fish oil capsules are a cheap and easy way to get omega-3 fatty acids, but they don ...
Sat, October 16, 2010
Venezuela inks oil deal with Belarus
By Andrei Makhovsky
MINSK (Reuters) - Venezuelan President Hugo Chavez agreed on Saturday to supply the former Soviet republic of Belarus with 30 million tonnes ...
Thu, October 14, 2010
Government to conduct surprise oil rig inspections
By Ayesha Rascoe
WASHINGTON (Reuters) - The U.S. offshore drilling agency will begin conducting surprise inspections on oil rigs as part of a new ...
Thu, October 14, 2010
OPEC holds output steady as oil price firms
By Amena Bakr and Alex Lawler
VIENNA (Reuters) - OPEC on Thursday kept intact a supply policy that has served it well for nearly two ...
Wed, October 13, 2010
Gulf oil workers relieved but wary as drill ban ends
By Leigh Coleman
OCEAN SPRINGS, Mississippi (Reuters) - U.S. oil workers on the Gulf of Mexico coast breathed a sigh of relief on Wednesday ...
Tue, October 12, 2010
White House says oil moratorium to be lifted soon
WASHINGTON (Reuters) - White House spokesman Robert Gibbs said on Tuesday that an announcement will come "very soon" on lifting a deepwater oil drilling moratorium ...
Tue, October 12, 2010
Shell criticizes BP oil spill report, well design
By Tom Bergin
LONDON (Reuters) - The chief executive of Royal Dutch Shell Plc <RDSa.L> criticized the investigation that rival BP Plc <BP.L ...
Sun, October 10, 2010
In Big Oil Texas, Democrat looks to sun and wind
By Chris Baltimore
HOUSTON (Reuters) - As a former oil entrepreneur, Bill White is by no means a foe of Big Oil, the engine at ...
Fri, October 08, 2010
Gulf Coast attorneys to lead U.S. oil spill lawsuits
By Tom Hals
WILMINGTON, Delaware (Reuters) - Four attorneys from Texas, Louisiana and Florida were appointed on Friday to a committee to lead the hundreds ...
Thu, October 07, 2010
Oil companies plan new U.S. oil spill fund
By Tom Bergin
LONDON (Reuters) - U.S. oil explorers are talking about forming a new insurance fund that would cover the costs of any ...
Wed, October 06, 2010
W.House blocked BP oil spill estimates: Govt panel
By Tom Doggett
WASHINGTON (Reuters) - The White House in the spring blocked release of government worst-case estimates of the amount of oil spewing from ...
Mon, October 04, 2010
Iraq's proven oil reserves rise 25 percent
By Ahmed Rasheed
BAGHDAD (Reuters) - Iraq raised its proven oil reserves figure by a quarter Monday in a bid to match the clout of ...
Mon, October 04, 2010
Cameron's oil call to Canada
The Avatar moviemaker toured the oil sands in Alberta this week (begs 27Sep10) and spoke out during his trip to call on officials in ...
Fri, October 01, 2010
European oil firms resist U.S. pressure to quit Iran
By Wojciech Moskwa
OSLO (Reuters) - European oil majors resisted pressure from the United States on Friday to stop doing business with Iran, in spite ...
Fri, October 01, 2010
BP pledges U.S. assets to oil spill fund
LONDON (Reuters) - BP named the Gulf of Mexico assets that it will use to help finance the $20 billion fund for victims of its ...
Thu, September 30, 2010
Smith's fight for oil mogul's cash reconsidered by Supreme Court
The busty blonde launched a legal battle for a $300 million (£200 million) share of oil tycoon J. Howard Marshall's estate prior to ...
Wed, September 29, 2010
Enbridge Pumps Oil Through Kalamazoo and Calhoun Counties Again
CALHOUN COUNTY -- Enbridge is pumping oil again through Kalamazoo and Calhoun Counties but there isn’t much to see. All the action is taking ...
Tue, September 28, 2010
Oil firms not cooperating with spill probe: panel
By Ayesha Rascoe
WASHINGTON (Reuters) - Companies involved in the BP oil spill are failing to cooperate fully with a probe by a White House ...
Tue, September 28, 2010
U.S. sees progress in Sudan talks on oil-rich Abyei
By Andrew Quinn
WASHINGTON (Reuters) - Negotiators for northern and southern Sudan have agreed on a framework for how to run a plebiscite in the ...
Mon, September 27, 2010
Electric car use beats wind to cut oil use: study
HOUSTON (Reuters) - Widespread adoption of electric cars could reduce U.S. oil demand and the need for imported oil more than creation of a ...
Mon, September 27, 2010
Al Gore's lawyer seeks to lead BP oil spill cases
WILMINGTON, Delaware (Reuters) - A high-profile attorney who represented former Vice President Al Gore in the 2000 presidential election recount has made a surprise bid ...
Mon, September 27, 2010
Alabama expects billions from BP over oil spill
BIRMINGHAM, Alabama (Reuters) - Alabama expects to receive billions of dollars in penalties from BP Plc in the wake of the oil spill in the ...
Mon, September 27, 2010
Oil companies must show ability to clean up spills: panel
By Ayesha Rascoe
WASHINGTON (Reuters) - Oil companies should be required to prove they can respond to major oil spills before they are allowed to ...
Sun, September 26, 2010
Weather, record India demand to spur vegetable oil prices
By Mayank Bhardwaj and Rajendra Jadhav
MUMBAI (Reuters) - Global vegetable oil prices are likely to rally further from recent highs later this year, as ...
Fri, September 24, 2010
Costner testifies at oil spill hearings
The BP spill, which has now been capped, lasted for over 100 days earlier this year (10) as gallons upon gallons of oil leaked ...
Thu, September 23, 2010
Scientists give fresh estimate of Gulf oil spill
By Matthew Bigg
ATLANTA (Reuters) - Researchers weighed in on the controversial question of how much oil poured into the Gulf of Mexico during the ...
Mon, September 20, 2010
BP says oil spill compensation payout rate soars
By Tom Bergin
LONDON (Reuters) - BP said payouts to people affected by its Gulf of Mexico oil spill had dramatically increased since it surrendered ...
Fri, September 17, 2010
Alabama says BP denies its claim over oil spill
By Matthew Bigg
ATLANTA (Reuters) - BP Plc has turned down Alabama's claim for $148 million in lost government revenue due to the worst ...
Thu, September 16, 2010
Enbridge prepares to restart key oil line on Friday
By Bruce Nichols
HOUSTON (Reuters) - Enbridge Inc is on track to restart a major oil pipeline carrying up to a third of Canada's ...
Wed, September 15, 2010
Oil spill lawsuits to start with clash over pace
By Tom Hals
NEW ORLEANS (Reuters) - Scores of attorneys will jam a federal courtroom on Thursday to argue for almost immediate access to emails ...
Mon, September 13, 2010
Gulf oil spill energizes foes of NY shale drilling
By Edith Honan
BINGHAMTON, New York (Reuters) - Critics of natural gas drilling in New York on Monday urged U.S. regulators to enact tougher ...
Mon, September 13, 2010
BP sees oil spill claims below $20 billion: analysts
LONDON (Reuters) - BP believes compensation claims related to its Gulf of Mexico oil spill will be less than the $20 billion the oil giant ...
Fri, September 10, 2010
Oil falls below $76 as U.S. pipeline seen restarting
By Ikuko Kurahone
LONDON (Reuters) - Oil fell for a second day on Wednesday as pipeline operator Enbridge prepared to reopen the biggest Canada-U.S ...
Thu, September 09, 2010
Clarkson heartbroken about oil disaster damage
Oil bosses and experts spent over 100 days trying to fix the oil leak in the Gulf of Mexico, but Clarkson insists too little ...
Wed, September 08, 2010
BP and partners trade blame for U.S. oil spill
By Tom Bergin and Ayesha Rascoe
LONDON/WASHINGTON (Reuters) - A BP Plc investigation of the Gulf of Mexico disaster played down its own role ...
Tue, September 07, 2010
Blast rips through Mexico oil refinery, kills one
By Gabriela Lopez
CADEREYTA, Mexico (Reuters) - An explosion ripped through a major Mexican refinery on Tuesday, killing one worker and pushing gasoline and diesel ...
Mon, September 06, 2010
Oil operations in Gulf unaffected by storm
HOUSTON (Reuters) - BP Plc <BP.L><BP.N>, the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, and Shell ...
Fri, September 03, 2010
Government says no leaking oil at Mariner platform
By Bruce Nichols
HOUSTON (Reuters) - U.S. government inspectors found no leaking oil at Mariner Energy Inc's burned platform in the Gulf of ...
Thu, September 02, 2010
U.S. offshore oil fire may delay lift of drill ban
By Ayesha Rascoe
WASHINGTON (Reuters) - The Obama Administration is likely to stay focused on toughening regulatory oversight of the U.S. offshore oil industry ...
Thu, September 02, 2010
No sign of oil after Gulf platform fire: Coast Guard
By Kathy Finn
NEW ORLEANS (Reuters) - An oil and gas platform operated by Mariner Energy burst into flames in the Gulf of Mexico on ...
Thu, September 02, 2010
BP oil spill costs hit $8 billion as ends rig probe
By Tom Bergin
LONDON (Reuters) - BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to ...
Wed, September 01, 2010
Judge rules against U.S. government on oil drilling
HOUSTON (Reuters) - A federal judge on Wednesday rejected the U.S. government's request to dismiss an industry lawsuit challenging its deepwater oil and ...
Tue, August 31, 2010
Reporter Claims Enbridge is Bringing in Undocumented Workers to Help with Oil Spill Cleanup
KALAMAZOO -- The EPA, Enbridge and Immigration and Customs Enforcement are investigating claims that some of the 17-hundred workers cleaning up oil along the Kalamazoo ...
Thu, August 26, 2010
Oil rebounds over $73 on dollar, equities
By Christopher Johnson
LONDON (Reuters) - Oil rose for a second day on Thursday as investors bought back into the market after it hit 11-week ...
Thu, August 26, 2010
Pitt considers executing BP bosses behind oil disaster
The movie star insists he's an opponent of the death penalty, but he'd make an exception for the BP bosses behind the ...
Wed, August 25, 2010
Lee slams Obama over oil spill
Lee has accused Obama of an error of judgment for ""trusting"" bosses at fuel giant BP to halt a potential environmental disaster after a ...
Tue, August 24, 2010
Florida says visitors up despite Gulf oil spill
By Pascal Fletcher
MIAMI (Reuters) - The number of visitors to Florida from April through June increased, despite the BP Gulf of Mexico oil spill ...
Tue, August 24, 2010
Microbes ate BP oil deep-water plume: study
By Deborah Zabarenko, Environment Correspondent
WASHINGTON (Reuters) - A Manhattan-sized plume of oil spewed deep into the Gulf of Mexico by BP's broken Macondo ...
Mon, August 23, 2010
U.S. government seeks oil company tax to fund transportation
By Jon Hurdle
HARRISBURG, Pennsylvania (Reuters) - Pennsylvania Governor Ed Rendell on Monday renewed a proposal to tax oil company profits and increase motor vehicle ...
Mon, August 23, 2010
U.S. research vessel sees few signs of spilled oil
By Anna Driver
ABOARD THE NOAA PISCES (Reuters) - Scientists above a U.S. research ship have started an around-the-clock search for elusive signs of ...
Mon, August 23, 2010
Oil Spill: Cameron, Nuytten Pool Resources with Experts, Officials
James Cameron on Tuesday took part in a brainstorming session with scientists, academics and Washington officials on how to contain the devastating oil spill ...
Fri, August 20, 2010
Hasselhoff to host oil spill show
The former Baywatch star will present the one-hour special, titled The Gulf Is Back, which will feature musical performances from acts including Brian McKnight ...
Mon, August 16, 2010
Fund managers make big bets on oil stocks
By Svea Herbst-Bayliss and Aaron Pressman
BOSTON (Reuters) - Top hedge fund managers went bargain hunting in the oil patch in the second quarter, buying ...
Mon, August 16, 2010
Fish oil may curb depression among teen boys
By Lynne Peeples
NEW YORK (Reuters Health) - Eating more oily fish like sardines, salmon and yellowtail could help teenage boys feel less blue, suggests ...
Mon, August 16, 2010
Gulf of Mexico oil ops unaffected by storm threat
HOUSTON (Reuters) - Oil and natural gas producers have not cut back production in the northern Gulf of Mexico because of a brewing tropical storm ...
Fri, August 13, 2010
Alabama sues BP for "catastrophic" Gulf oil spill
By Verna Gates
BIRMINGHAM, Alabama (Reuters) - Alabama is suing BP Plc, Transocean and Halliburton for "catastrophic harm" caused by the Gulf of Mexico oil ...
Thu, August 12, 2010
Gulf fishermen: oil tainted our waters, our trust
By Leigh Coleman
BILOXI, Mississippi (Reuters) - Some U.S. Gulf Coast fishermen say they have caught crabs with black-stained gills and others report seeing ...
Wed, August 11, 2010
IEA lifts oil demand forecast but warns on economy
By Emma Farge
LONDON (Reuters) - Global oil demand growth will inch higher over the rest of this year and into 2011, but any rise ...
Tue, August 10, 2010
New Orleans judge to oversee oil spill cases
By Martha Graybow and Tom Hals
NEW YORK/WILMINGTON, Del (Reuters) - A New Orleans federal judge will oversee several hundred civil lawsuits stemming from ...
Mon, August 09, 2010
Oil guru Matthew Simmons dies in Maine
BOSTON (Reuters) - Matthew Simmons, who rattled the energy industry by arguing the world was rapidly approaching peak oil production capacity, died at his home ...
Mon, August 09, 2010
BP says oil spill costs hit $6.1 billion
LONDON (Reuters) - BP <BP.L> said the cost of dealing with its ruptured oil well in the Gulf of Mexico has risen to $6 ...
Sat, August 07, 2010
Michigan oil spill caused by 5-foot tear in pipeline
By Jeffrey Jones
CALGARY, Alberta (Reuters) - Oil that fouled a Michigan river system spewed from a rip less than five feet long in an ...
Fri, August 06, 2010
Big Ten Selects Lucas Oil Stadium For 2011 Title Game
(Park Ridge, IL) -- The Big Ten Conference announced Thursday that Lucas Oil Stadium in Indianapolis has been chosen as the proposed site for the ...
Fri, August 06, 2010
Bush running half marathon for oil spill
The One Tree Hill star flew to New Orleans, Louisiana in June (10) to survey the damage caused by the BP slick, which has ...
Thu, August 05, 2010
Senate Democrats seek to end Big Oil tax break
WASHINGTON (Reuters) - Senate Democrats on Thursday proposed repealing a tax break for some major oil companies, including BP Plc, effective December 31.
The proposal ...
Thu, August 05, 2010
Investors ask oil majors for offshore drilling safety plans
By Scott Malone
BOSTON (Reuters) - A group of investors including the two largest U.S. public pension funds asked 27 top oil and gas ...
Wed, August 04, 2010
Browner: vast majority of BP spill oil collected
WASHINGTON (Reuters) - Most of the oil from the BP spill in the Gulf of Mexico is gone thanks to containment, burning and skimming measures ...
Wed, August 04, 2010
Brinkley wades into oil debate
America's south-east coastline has been hit by the environmental catastrophe, which saw gallons of oil gushing from a well in the seabed after ...
Wed, August 04, 2010
Nearly 3/4 of BP spill oil gone from Gulf
By Deborah Zabarenko, Environment Correspondent
WASHINGTON (Reuters) - Nearly three-fourths of oil from the BP spill is gone from the Gulf of Mexico, with 26 ...
Tue, August 03, 2010
Enbridge says two-thirds of spill oil gathered up
By Scott Haggett
CALGARY, Alberta (Reuters) - Enbridge Inc said on Tuesday it has removed two-thirds of the more than 800,000 gallons of oil ...
Mon, August 02, 2010
Bullock in battle over oil video
The Hollywood actress is among a group of stars, including Blake Lively, Lenny Kravitz and Dave Matthews, who appear in the 'Be The One ...
Fri, July 30, 2010
Oil spill pipeline won't reopen this week: Enbridge
By Steve James
NEW YORK (Reuters) - Enbridge Inc's chief executive said on Sunday the company would not restart its ruptured pipeline in Michigan ...
Fri, July 30, 2010
Oil threat recedes for East Coast, much of Florida
MIAMI (Reuters) - South Florida, the Florida Keys and the East Coast will likely be spared from any contamination from the ruptured BP oil well ...
Fri, July 30, 2010
Gulf Coast states push for offshore oil revenues
By Rachelle Younglai
NEW ORLEANS, Louisiana (Reuters) - BP massive oil spill has given Gulf Coast lawmakers leverage to push for a larger share of ...
Fri, July 30, 2010
House approves oil spill reform legislation
WASHINGTON (Reuters) - The House of Representatives on Friday approved legislation to strengthen federal offshore drilling regulations in response to the BP oil spill in ...
Thu, July 29, 2010
Senate plans Wed. test vote on oil spill bill
WASHINGTON (Reuters) - The Senate plans to hold a procedural vote next Wednesday to test whether there is enough support to pass legislation clamping down ...
Wed, July 28, 2010
Enbridge sees Michigan oil line back up in days
CALGARY, Alberta (Reuters) - It will be days before Enbridge Inc can get a damaged section of oil pipeline in Michigan back into service as ...
Wed, July 28, 2010
Conoco Q2 surges as refining buoys Big Oil
By Tom Bergin and Braden Reddall
LONDON/SAN FRANCISCO (Reuters) - ConocoPhillips <COP.N>, the third-largest U.S. oil company, reported a 150 percent increase ...
Wed, July 28, 2010
Officials ready criminal probe of oil spill: report
WASHINGTON (Reuters) - Several U.S. government agencies are preparing a criminal probe of at least three companies involved in the massive oil spill in ...
Sun, July 25, 2010
Fraudsters angle for piece of BP oil spill fund
By Alexandria Sage
BOOTHVILLE, Louisiana (Reuters) - Swindlers, scammers and even a few strippers are flocking to the Gulf Coast in search of a piece ...
Sat, July 24, 2010
BP stalls payments to oil spill victims: Feinberg
By Leigh Coleman
BAYOU LE BATRE, Alabama (Reuters) - British energy giant BP Plc is holding up payments to economic victims of the Gulf of ...
Thu, July 22, 2010
Bonnie fades but disrupts Gulf oil output
MIAMI (Reuters) - The remnants of Tropical Storm Bonnie dissipated over the Gulf of Mexico on Saturday after the mere threat of the storm took ...
Thu, July 22, 2010
Gulf tourism may lose $22.7 billion to oil spill
By Deborah Charles
WASHINGTON (Reuters) - The lucrative tourism industry in the Gulf of Mexico could suffer for up to three years with $22.7 ...
Thu, July 22, 2010
Scam artists target victims of Gulf oil spill
MIAMI (Reuters) - An e-mail scam featuring someone purporting to be BP Plc's Chief Executive Tony Hayward is targeting victims of the company's ...
Thu, July 22, 2010
Bulk of MF Global London fuel oil team quit, sources say
By Francis Kan
SINGAPORE (Reuters) - Futures brokerage MF Global Holdings <MF.N> has lost eight brokers from its nine-man London fuel oil swaps desk ...
Thu, July 22, 2010
Pipeline leaks in Alaska's oldest oil field
By Yereth Rosen
ANCHORAGE, Alaska (Reuters) - An estimated 630 gallons of oil has leaked from a buried pipeline in Alaska's oldest operating oil ...
Wed, July 21, 2010
Judge refuses to reinstate first oil drill ban
WASHINGTON (Reuters) - A U.S. judge on Wednesday refused a request by environmental groups to reinstate the Obama administration's original moratorium on deepwater ...
Wed, July 21, 2010
Resentment grows over out-of-town Gulf oil workers
By Alexandria Sage
FORT JACKSON, Louisiana (Reuters) - The oil clean-up crews descend from the yellow school buses each evening, dirty and exhausted, their vests ...
Tue, July 20, 2010
Florida lawmakers block move on oil drilling ban
By Michael Peltier
TALLAHASSEE, Florida (Reuters) - Florida's Republican-led legislature on Tuesday rejected a call by Governor Charlie Crist to consider a constitutional amendment ...
Tue, July 20, 2010
Gulf cattle ranchers fear toxins after oil spill
By Alexandria Sage
VENICE, Louisiana (Reuters) - The cattle in these parts don't seem to mind the helicopters hauling oil booms overhead, nor the ...
Tue, July 20, 2010
BP to sell Vietnam assets to help pay oil spill costs
By Tom Bergin
LONDON (Reuters) - BP <BP.L> said it is to sell gas fields and an associated pipeline and terminal in Vietnam, worth ...
Mon, July 19, 2010
China seals oil port after spill
By Chen Aizhu and Ben Blanchard
BEIJING (Reuters) - One of China's biggest ports, Dalian, shut on Monday after an pipeline explosion triggered a ...
Sat, July 17, 2010
More Tests Needed on BP's Capped Oil Well
HOUSTON (Reuters) - BP Plc's blown-out Gulf of Mexico well appeared strong enough to keep oil from leaking on Saturday, but ...
Fri, July 16, 2010
Gulf coast fishermen angry over oil claims ruling
By Leigh Coleman
BILOXI, Mississippi (Reuters) - Fishermen in Mississippi say they are angry that under the terms of BP's $20 billion oil spill ...
Thu, July 15, 2010
BP: No Oil Leaking From Gulf Well
HOUSTON, Wis. (WTAQ) - The flow of oil into the Gulf of Mexico has stopped for the first time since the collapse of the Deepwater ...
Wed, July 14, 2010
Louisiana bayou life in jeopardy after oil spill
By Alexandria Sage
CYPRESS GROVE, Louisiana (Reuters) - At first glance, everything appears normal on the bayou where Emile Trudeau has been coming to fish ...
Tue, July 13, 2010
Oil leak from ship closes part of Canada-U.S. Seaway
By Rod Nickel
WINNIPEG, Manitoba (Reuters) - An oil spill from a cargo vessel that ran aground near Montreal has forced the closure of a ...
Tue, July 13, 2010
BP shares extend bounce on oil spill containment cap
LONDON (Reuters) - Shares in oil major BP <BP.L> rose 2.7 percent on Tuesday, taking their bounce this month to 28 percent, on ...
Mon, July 12, 2010
New U.S. oil drilling pause to end November 30: source
WASHINGTON (Reuters) - The Obama administration will suspend some offshore oil drilling projects on Monday until November 30 at the latest, as prepares to revise ...
Mon, July 12, 2010
Profit surprises seen for companies tied to oil spill
By Caroline Valetkevitch
NEW YORK (Reuters) - Surprises may be in store this earnings season for U.S. companies tied to BP Plc's oil ...
Sun, July 11, 2010
Justice Department doing interviews in oil spill probe
WASHINGTON (Reuters) - The Justice Department has started interviewing witnesses as part of the criminal and civil investigation of the oil spill that has sullied ...
Sat, July 10, 2010
BP spill won't affect Iraq projects: oil minister
By Ahmed Rasheed
BAGHDAD (Reuters) - Iraq's oil minister said on Saturday he sees no impact from the massive oil spill at a BP ...
Thu, July 08, 2010
Fish oil might lower breast cancer risk
By Amy Norton
NEW YORK (Reuters Health) - Women who take fish oil supplements may have a lower risk of developing breast cancer than those ...
Thu, July 08, 2010
Florida legislature to consider oil drilling ban
By Michael Peltier
TALLAHASSEE, Florida (Reuters) - Florida Governor Charlie Crist on Thursday called for a special session of the state legislature to consider a ...
Thu, July 08, 2010
New batfish species found under Gulf oil spill
WASHINGTON (Reuters) - Researchers have discovered two previously unknown species of bottom-dwelling fish in the Gulf of Mexico, living right in the area affected by ...
Thu, July 08, 2010
BP aims to fix leaking oil well by July 27: report
(Reuters) - Besieged energy giant BP Plc aims to fix its leaking Gulf oil well by July 27, ahead of its earlier target of mid-August ...
Tue, July 06, 2010
Storms aggravate damage from Gulf oil spill
By Matthew Bigg
BAY JIMMY, Louisiana (Reuters) - Summer storms are pushing oil from a BP spill in the Gulf of Mexico deeper into Louisiana ...
Tue, July 06, 2010
Key U.S. lawmaker opposes Canadian oil sands pipeline
By Ayesha Rascoe and Scott Haggett
WASHINGTON (Reuters) - A key U.S. lawmaker has called on the government to block a TransCanada pipeline designed ...
Mon, July 05, 2010
Tests on Gulf oil "superskimmer" inconclusive: ship owner
By Matthew Bigg
NEW ORLEANS (Reuters) - Tests on a supertanker adapted to skim large quantities of oily water from the surface of the Gulf ...
Mon, July 05, 2010
BP says cost of oil spill hits $3.12 billion
LONDON (Reuters) - Oil company BP <BP.L> said it had so far spent $3.12 billion on the response effort to its Gulf of ...
Thu, July 01, 2010
Depressed? Fish oil might help
By Amy Norton
NEW YORK (Reuters Health) - If you're feeling depressed, you might feel better if you take fish oil supplements, a new ...
Wed, June 30, 2010
Senate panel votes to end oil spill liability cap
By Richard Cowan
WASHINGTON (Reuters) - Congress on Wednesday took major steps to rein in Big Oil's offshore drilling practices, as one Senate panel ...
Wed, June 30, 2010
Oil above six-week low as dollar slips
By Alex Lawler
LONDON (Reuters) - Oil rebounded to top $74 a barrel on Monday on a weaker dollar, but prices stayed close to last ...
Wed, June 30, 2010
First stage of $20 billion oil fund done in 30 days
WASHINGTON (Reuters) - The official overseeing BP Plc's $20 billion oil spill compensation fund said he expects to complete his first phase of work ...
Wed, June 30, 2010
Special Report: BP oil spill a gusher for lawyers
By Jonathan Stempel
NEW YORK (Reuters) - From a legal perspective, BP's Deepwater Horizon blowout and the 1989 grounding of the Exxon Valdez are ...
Tue, June 29, 2010
Venezuela lawmakers formalize seizure of oil rigs
By Marianna Parraga
CARACAS (Reuters) - Venezuela's parliament declared on Tuesday that 11 oil rigs seized from U.S. company Helmerich and Payne were ...
Mon, June 28, 2010
Lawmakers ask oil majors for Gulf spill plans
WASHINGTON (Reuters) - Key U.S. lawmakers investigating the BP Plc oil spill have asked major energy companies for information on their response plans after ...
Mon, June 28, 2010
Oil washes onto big Mississippi tourist beach
By Leigh Coleman
BILOXI, Mississippi (Reuters) - Oil from a BP Plc spill in the Gulf of Mexico washed ashore at one of the largest ...
Mon, June 28, 2010
BP oil spill costs hit $100 million/day
LONDON (Reuters) - BP said it had spent $300 million on its Gulf of Mexico oil spill response effort in the past three days, hitting ...
Sun, June 27, 2010
Oil washes onto Mississippi coast for first time
By Leigh Coleman
OCEAN SPRINGS, Mississippi (Reuters) - Large patches of thick oil from the BP Plc Gulf of Mexico spill washed ashore for the ...
Sat, June 26, 2010
Storm Alex weakens over Mexico, oil restarts
By Robin Emmott
MONTERREY, Mexico (Reuters) - Hurricane Alex weakened to a tropical storm on Thursday as it moved across northeastern Mexico, dumping heavy rain ...
Fri, June 25, 2010
BP says cost of oil spill hits $2.35 billion
LONDON (Reuters) - Oil company BP said it had so far spent $2.35 billion on the response effort to its Gulf of Mexico oil ...
Thu, June 24, 2010
Venezuela to nationalize U.S. firm's oil rigs
By Frank Jack Daniel
CARACAS (Reuters) - Venezuela will nationalize a fleet of oil rigs belonging to U.S. company Helmerich and Payne, the latest ...
Wed, June 23, 2010
Poll: Obama's ratings fall amid Gulf oil spill
WASHINGTON (Reuters) - President Barack Obama's job performance rating has dropped to the lowest level of his presidency as Americans grow less confident in ...
Wed, June 23, 2010
House Democrats drafting oil spill legislation
By Richard Cowan
WASHINGTON (Reuters) - Democrats in the House of Representatives have begun drafting legislation to tighten oil industry practices, especially in deep-water drilling ...
Tue, June 22, 2010
Clean-up workers risk health problems from oil spill
By Emma Ashburn
WASHINGTON (Reuters) - Workers struggling in the heat to clean up oil from the ruptured BP well in the Gulf of Mexico ...
Tue, June 22, 2010
Oil drillers, users say world needs deepwater wells
By Emma Farge and Alex Lawler
LONDON (Reuters) - Energy chiefs defended deepwater oil as crucial to meeting future demand, saying on Tuesday that a ...
Mon, June 21, 2010
States want BP to pay for oil spill loss
By Joan Gralla
NEW YORK (Reuters) - Eleven East Coast U.S. states have told BP they will hold it responsible for any losses caused ...
Mon, June 21, 2010
BP oil spill costs hit $2 billion
LONDON (Reuters) - Oil giant BP said on Monday the cost of its response to the Gulf of Mexico oil spill had hit $2 billion ...
Sun, June 20, 2010
BP to raise $50 billion for oil spill costs: report
LONDON (Reuters) - BP <BP.L> is planning to raise $50 billion to cover the cost of the largest oil spill in U.S. history ...
Sat, June 19, 2010
Bureaucracy frustrates Gulf oil spill efforts
By Jeffrey Jones
GRAND ISLE, Louisiana (Reuters) - Those on the front lines of the Gulf Coast oil spill say they are forced to fight ...
Sat, June 19, 2010
BP CEO the ghost at the feast as Russia fetes big oil
By Vladimir Soldatkin
ST PETERSBURG, Russia (Reuters) - The leaders of the global oil industry gathered as usual at Russia's top annual business forum ...
Wed, June 16, 2010
More than 32 million watch Obama oil spill address
LOS ANGELES (Reuters) - More than 32 million Americans watched U.S. President Barack Obama address the nation on the Gulf of Mexico oil spill ...
Wed, June 16, 2010
BP cuts dividend and capex to pay for oil spill
By Tom Bergin
LONDON (Reuters) - Oil giant BP said it would not pay three quarters of dividends, significantly reduce its investment program and sell ...
Wed, June 16, 2010
BP chairman apologizes to Americans for oil spill
WASHINGTON (Reuters) - BP Plc's chairman apologized on Wednesday to the American people for the catastrophic oil spill on the Gulf coast.
The company ...
Wed, June 16, 2010
BP Agrees to Create $20B Escrow Fund for Gulf Oil Spill
WASHINGTON D.C. (WTAQ) - BP has agreed to set up a $20 billion escrow fund to cover mounting economic damage claims from the Gulf ...
Wed, June 16, 2010
U.S. boosts flow estimate of BP oil leak by 50 percent
By Kristen Hays
HOUSTON (Reuters) - A team of U.S. scientists on Tuesday upped their high-end estimate of the amount of crude oil flowing ...
Tue, June 15, 2010
Effort to repeal oil tax breaks fails in Senate
By Donna Smith
WASHINGTON (Reuters) - The U.S. Senate on Tuesday rejected a measure that would have repealed some $35 billion in oil and ...
Tue, June 15, 2010
Obama names choice to reform oil drilling regulator
WASHINGTON (Reuters) - President Barack Obama chose a former Justice Department official on Tuesday to reform the Minerals Management Service, an agency blamed for lax ...
Tue, June 15, 2010
Lawmakers blast oil firms' drilling plans
By Tom Doggett and Matt Daily
WASHINGTON (Reuters) - U.S. lawmakers blasted major oil companies on Tuesday for "virtually worthless" and "cookie cutter" plans ...
Mon, June 14, 2010
Moody's see unprecedented oil spill crisis
NEW YORK (Reuters) - The worst oil spill in U.S. history has created an unprecedented financial, legal, regulatory and environmental crisis for companies that ...
Sun, June 13, 2010
Chevron's Utah refinery leaks oil
HOUSTON (Reuters) - Chevron Corp said on Sunday that operations at its 45,000 barrel per day (bpd) Salt Lake City refinery were unaffected by ...
Sun, June 13, 2010
BP oil storage tank washes ashore on Florida beach
MIAMI (Reuters) - An oil storage tank suspected to have been on the Deepwater Horizon rig has washed ashore on a northwest Florida beach, local ...
Sun, June 13, 2010
Admiral Allen expects BP plan to capture more oil
WASHINGTON (Reuters) - U.S. Coast Guard Admiral Thad Allen, the Obama administration's point man on the BP Gulf of Mexico oil spill, said ...
Sat, June 12, 2010
Oil spill fears weigh on New Orleans seafood party
By Jeffrey Jones
NEW ORLEANS (Reuters) - On the surface, all seemed right with the world at the Louisiana Seafood Festival, with the aroma of ...
Fri, June 11, 2010
BP sees $3-$6 billion oil spill cleanup bill: analyst
By Tom Bergin
LONDON (Reuters) - BP <BP.L> expects the total bill for the clean up of the Gulf of Mexico oil spill to ...
Thu, June 10, 2010
U.S. doubles upper estimate for BP oil leak
By Chris Baltimore
HOUSTON (Reuters) - U.S. scientists on Thursday doubled their high-end estimate of the amount of crude oil flowing from BP Plc ...
Thu, June 10, 2010
Florida wants escrow funds as heavier oil washes in
By Michael Peltier
PENSACOLA BEACH, Florida (Reuters) - Florida demanded on Thursday that BP Plc put $2.5 billion in escrow to cover potential losses ...
Wed, June 09, 2010
Oil spill ripples through Florida economy
By Michael Peltier
PENSACOLA BEACH, Florida (Reuters) - Gary Chernekoff doesn't own a restaurant, isn't a charter boat captain and doesn't work ...
Wed, June 09, 2010
Oil executives asked to testify at House hearing
WASHINGTON (Reuters) - Executives from five major oil companies were asked on Wednesday by the U.S. House of Representatives' Subcommittee on Energy and Environment ...
Wed, June 09, 2010
BP buys Google ads for search term "oil spill"
LONDON (Reuters) - BP Plc has bought terms such as "oil spill" from search engine providers including Google Inc to help direct Internet users to ...
Wed, June 09, 2010
BP: World 2009 oil use drop biggest since 1982
LONDON (Reuters) - World oil consumption fell by 1.2 million barrels per day in 2009, the second consecutive annual decline and the largest volume ...
Tue, June 08, 2010
Should some kids take fish oil supplements?
By Lynne Peeples
NEW YORK (Reuters Health) - Fish oil supplements could lower blood pressure in slightly overweight teenage kids, a new study suggests, and ...
Mon, June 07, 2010
Oil well explodes in north Texas: media reports
HOUSTON (Reuters) - An oil well located about 50 miles south of Fort Worth, Texas, exploded on Monday afternoon, according to local media reports.
As ...
Mon, June 07, 2010
BP shares jump on first major oil spill progress
By Tom Bergin
LONDON (Reuters) - Shares in oil major BP Plc rose on Monday after the company said it was capturing most of the ...
Mon, June 07, 2010
World oil refining capacity must be rationalized: BP
KUALA LUMPUR (Reuters) - BP Plc said on Monday, global oil refining capacities need to be rationalized to bring utilization back to historical levels in ...
Fri, June 04, 2010
Robert Redford attacks big oil, politics on spill
LOS ANGELES (Reuters) - Actor and environmentalist Robert Redford has weighed in on the U.S. oil spill crisis, condemning efforts by major energy companies ...
Fri, June 04, 2010
Some State BP Stations Losing Biz Over Gulf Oil Spill
MADISON, Wis. (WTAQ) - At least some of Wisconsin’s BP gas stations are losing business, as customers show their anger over the oil slick ...
Fri, June 04, 2010
Florida coast suffers first impact from oil spill
By Jane Ross
PENSACOLA BEACH, Florida (Reuters) - Tar balls washed ashore in northwest Florida on Friday, the first apparent impact there from the Gulf ...
Fri, June 04, 2010
Oil industry grapples with risk and volatile prices
By Jennifer Tan
SINGAPORE (Reuters) - Oil's steep drop of more than $20 a barrel over three weeks last month, sparked by European debt ...
Fri, June 04, 2010
Oil spill forces Obama to postpone foreign travel
By Ross Colvin
WASHINGTON (Reuters) - With the worst oil spill in U.S. history presenting a key test of his presidency, President Barack Obama ...
Thu, June 03, 2010
Senator Reid asks for ideas to address oil spill
By Ayesha Rascoe and Richard Cowan
WASHINGTON (Reuters) - Senate Majority Leader Harry Reid on Thursday asked key committee leaders to address the Gulf oil ...
Thu, June 03, 2010
Scenarios: The future for BP after the oil spill
By Tom Bergin
HOUSTON (Reuters) - BP'soil spill in the Gulf of Mexico has become the worst in U.S. history, prompting speculation about ...
Thu, June 03, 2010
Islanders see oil ruining idyllic beach life
By Verna Gates
DAUPHIN ISLAND, Alabama (Reuters) - At the Pelican Pub in Alabama's oil-fouled Dauphin Island, the normally jolly mood has turned as ...
Thu, June 03, 2010
BP credit ratings cut as oil-spill costs mount
By Sarah Young and Paul Hoskins
LONDON (Reuters) - Fitch Ratings downgraded BP <BP.L>, reversing its view that the Gulf of Mexico oil spill ...
Wed, June 02, 2010
Obama says ready to "'kick ass" over Gulf oil spill
By Anna Driver and JoAnne Allen
VENICE, La/WASHINGTON (Reuters) - President Barack Obama said he wanted to know "whose ass to kick" over the ...
Wed, June 02, 2010
Biden acknowledges message lapse on oil spill
WASHINGTON (Reuters) - The White House has been deeply involved in the effort to staunch the Gulf of Mexico oil spill from the start but ...
Wed, June 02, 2010
Oil arrival puts Alabama island on spill frontline
By Verna Gates and Kelli Dugan
DAUPHIN ISLAND, Alabama (Reuters) - Teams of workers in protective boots and gloves scoured Alabama's Dauphin Island on ...
Wed, June 02, 2010
In oil spill shadow, Obama pledges energy bill push
By Alister Bull
PITTSBURGH (Reuters) - President Barack Obama pledged on Wednesday to find Senate support for a bill to overhaul U.S. energy policy ...
Tue, June 01, 2010
"Titanic" director Cameron brainstorms on oil spill
LOS ANGELES (Reuters) - "Titanic" director and deep sea explorer James Cameron took part in a brainstorming session with scientists, academics and Washington officials on ...
Tue, June 01, 2010
President Obama Threatens Legal Action in Gulf Oil Spill
WASHINGTON D.C. (WTAQ) - President Obama is threatening federal prosecutions if laws were broken in the oil disaster in the Gulf of Mexico. In ...
Tue, June 01, 2010
U.S. will "clean house" on oil industry ties-W.House
WASHINGTON (Reuters) - The White House pledged on Wednesday to "clean house" if government officials were found to be too close to the oil industry ...
Tue, June 01, 2010
Germany to burn midnight oil for final squad
BERLIN (Reuters) - Germany will leave it until the last minute to decide which player will be cut from their final 23-man World Cup squad ...
Tue, June 01, 2010
BP seeks to reassure investors over oil spill cost
LONDON (Reuters) - BP will seek to patch up its battered share price by reassuring investors the cost of cleaning up the oil spill in ...
Mon, May 31, 2010
Gulf 'oil cloud' triggers new dispersant concerns
By Tom Brown
MIAMI (Reuters) - A large undersea cloud of dissolved hydrocarbons discovered last week near the Gulf of Mexico oil spill raises fresh ...
Mon, May 31, 2010
Three BP fuel oil traders in U.S. quit
By Yaw Yan Chong
SINGAPORE (Reuters) - Resignations from BP Plc's <BP.L> fuel oil team have extended globally, with the departure of three ...
Fri, May 28, 2010
BP: Limited Success in Gulf Oil Leak Plug
VENICE, La. (WTAQ) - Oil company BP is reporting some limited success in efforts to plug the gushing well that has spewed millions of gallons ...
Thu, May 27, 2010
Should some kids take fish oil supplements?
By Lynne Peeples
NEW YORK (Reuters Health) - Fish oil supplements could lower blood pressure in slightly overweight teenage kids, a new study suggests, and ...
Thu, May 27, 2010
Obama Defends Response to Gulf Oil Spill
WASHINGTON D.C. (WTAQ) - President Obama is forcefully defending the federal government's response to the massive BP oil spill in the Gulf of ...
Tue, May 25, 2010
BP-owned Alaska oil pipeline shut after spill
ANCHORAGE, Alaska (Reuters) - The Trans-Alaska Pipeline, partly owned by BP, shut down on Tuesday after spilling several thousand barrels of crude oil into backup ...
Mon, May 24, 2010
U.S. pushes to lift oil spill liability cap
By Ayesha Rascoe
WASHINGTON (Reuters) - The government's push to make BP Plc pay for the massive oil spill in the Gulf of Mexico ...
Mon, May 24, 2010
Coast Guard Admiral: We're Doing Everything Possible for Oil Spill
WASHINGTON D.C. (WTAQ) - BP and the federal government are doing everything possible to stop the massive oil gusher in the Gulf of Mexico ...
Sun, May 23, 2010
Louisiana hits BP and government for slow oil response
By Matthew Bigg
VENICE, La (Reuters) - Louisiana's governor on Sunday blasted energy giant BP and the federal government for failing to act fast ...
Sun, May 23, 2010
Chavez says Venezuela to hike oil output this year
CARACAS (Reuters) - OPEC member Venezuela will increase oil production "gradually" in 2010, then even more next year, President Hugo Chavez said on Sunday.
Chavez ...
Sat, May 22, 2010
Obama: Oil panel will not interfere with Justice probe
WASHINGTON (Reuters) - President Barack Obama said the oil spill commission he formally unveiled on Saturday must ensure that it does not disrupt "any ongoing ...
Fri, May 21, 2010
Oil capture rate down to 2,200 barrels at leak: BP
HOUSTON (Reuters) - BP Plc said the amount of crude oil it siphoned from the U.S. Gulf of Mexico leak fell to 2,200 ...
Thu, May 20, 2010
Stephen Baldwin making timely oil documentary
By Elizabeth Guider
CANNES (Hollywood Reporter) - It was arguably only a matter of time until someone got the urge to make a film about ...
Tue, May 18, 2010
Obama disappointed Senate oil spill measure stalled
WASHINGTON (Reuters) - President Barack Obama said on Tuesday he was disappointed that a measure to lift limits on oil firm liability for spills had ...
Tue, May 18, 2010
U.S. expands no-fishing zone around oil spill
MIAMI (Reuters) - The United States has nearly doubled the no-fishing zone in the Gulf of Mexico because of the spread of oil leaking from ...
Tue, May 18, 2010
U.S. says offshore drilling key despite oil spill
By Ayesha Rascoe and Richard Cowan
WASHINGTON (Reuters) - The U.S. Interior Secretary said on Tuesday offshore drilling was vital to meet the country ...
Tue, May 18, 2010
Interior Secretary says offshore oil still needed
WASHINGTON (Reuters) - Interior Secretary Ken Salazar told Congress on Tuesday that the United States will still have to rely on offshore oil drilling to ...
Tue, May 18, 2010
Oil spill threatens way of life on Louisiana bayou
By Steve Gorman
COCODRIE, Louisiana (Reuters) - For part-time fisherman and deckhand Randy Arceneaux, this season was supposed to mark his first chance to trawl ...
Mon, May 17, 2010
Top offshore oil drilling official to resign
HOUSTON (Reuters) - A top U.S. official who oversees offshore oil drilling at the Minerals Management Service will resign on May 31, an Obama ...
Mon, May 17, 2010
Louisiana shrimpers glum despite oil leak progress
By Steve Gorman
COCODRIE, Louisiana (Reuters) - News that energy giant BP has made progress in curbing the flow of oil gushing from the floor ...
Mon, May 17, 2010
Obama to create panel to probe oil spill
By Jeff Mason
HOUSTON (Reuters) - President Barack Obama will create a commission to investigate the cause of the Gulf of Mexico oil spill, evaluate ...
Mon, May 17, 2010
Senate panel asks govt criminal probe of oil spill
WASHINGTON (Reuters) - Senate Environment and Public Works committee head Barbara Boxer on Monday asked the Justice Department to open a criminal investigation into the ...
Sun, May 16, 2010
Three Chinese oil workers abducted in Yemen
SANAA (Reuters) - Separatist Yemeni militants kidnapped three Chinese oil company workers on Sunday in an apparent move to pressure authorities in a local criminal ...
Sat, May 15, 2010
Brazil says likely to sign Iran oil sector deal
By Fernando Exman
TEHRAN (Reuters) - Brazil and Iran are likely to sign a memorandum which would open the way for Brazilian companies to participate ...
Sat, May 15, 2010
BP will try again on oil siphoning tube: exec
HOUSTON (Reuters) - BP Plc will make another attempt to siphon oil from a blown-out well a mile beneath the Gulf of Mexico on Saturday ...
Sat, May 15, 2010
White House keeps up heat on BP over oil spill
By Patricia Zengerle
WASHINGTON (Reuters) - Top Obama administration officials demanded "immediate public clarification" from BP Plc about paying for the Gulf of Mexico oil ...
Fri, May 14, 2010
BP could begin siphoning oil leak overnight
HOUSTON (Reuters) - BP Plc on Friday was attempting to insert a pipe to siphon oil from a blown out undersea oil well in the ...
Fri, May 14, 2010
Lawmaker questions BP over oil spill estimates
By Ayesha Rascoe
WASHINGTON (Reuters) - A lawmaker on Friday urged BP to provide more information about how much oil is gushing into the Gulf ...
Fri, May 14, 2010
Coast Guard sees less threat of huge oil landfall
DAUPHIN ISLAND, Alabama (Reuters) - The oil slick from the huge uncontrolled spill in the Gulf of Mexico has broken into smaller parts, and while ...
Thu, May 13, 2010
Dolphin, turtle deaths eyed for links to oil spill
By Steve Gorman
PORT FOURCHON, Louisiana (Reuters) - Scientists are examining the deaths of at least six dolphins and over 100 sea turtles along the ...
Thu, May 13, 2010
BP says oil spill costs $450 million so far
LONDON (Reuters) - British oil major BP <BP.L> said the oil spill in the Gulf of Mexico had cost it $450 million so far ...
Wed, May 12, 2010
Majority backs oil drilling despite spill
MIAMI (Reuters) - Despite the huge oil spill in the Gulf of Mexico, 57 percent of likely American voters agree that offshore drilling "is still ...
Wed, May 12, 2010
White House details oil spill legislation, spending
MIAMI (Reuters) - Legislation proposed by the Obama administration to respond to the massive Gulf oil spill foresees $118 million in one-time discretionary spending, the ...
Tue, May 11, 2010
TV series shows hazards of underwater oil work
By Alex Dobuzinskis
LOS ANGELES (Reuters) - Deep sea divers who pull apart oil wells are getting the documentary TV treatment, and their hazardous job ...
Mon, May 10, 2010
Obama wants to beef up law on oil spill damage cap
WASHINGTON (Reuters) - President Barack Obama wants his administration to send legislation to Congress to toughen U.S. law on caps for damages from oil ...
Mon, May 10, 2010
BP says oil spill costs $350 million so far, shares hit
By Tom Bergin
LONDON (Reuters) - Oil major BP Plc said the oil spill in the Gulf of Mexico had cost it $350 million so ...
Sun, May 09, 2010
BP spends $10 million a day on oil spill clean-up: report
LONDON (Reuters) - BP Plc could be spending as much as $10 million a day on clean-up efforts after a giant oil spill in the ...
Sat, May 08, 2010
OPEC Sec-Gen sees oil oversupply, too early for action
By Simon Webb and Amena Bakr
DOHA (Reuters) - OPEC's Secretary General said on Sunday global oil markets were oversupplied, but it was too ...
Sat, May 08, 2010
Oil catcher dome hits snag near leak site: BP exec
By Erwin Seba
ROBERT, Louisiana (Reuters) - London-based BP Plc's plan to lower a giant containment dome to trap oil from a blown-out Gulf ...
Fri, May 07, 2010
Special report: Will the cleanup make the BP oil spill worse?
By Yereth Rosen and Peter Henderson
CORDOVA, Alaska/SAN FRANCISCO (Reuters) - More than half an inch of oil covered the sea when Dennis Kelso ...
Thu, May 06, 2010
Gulf residents ready "hairmats" to soak up oil
By Kelli Dugan
MOBILE, Alabama (Reuters) - While a vast containment operation dumps gallons of chemical dispersant and lays miles of plastic boom to attack ...
Thu, May 06, 2010
Oil lobby money unlikely to quell storm over BP
By David Morgan
WASHINGTON (Reuters) - Big Oil's ability to spend huge sums of money lobbying Congress may not deflect the election-year spotlight on ...
Thu, May 06, 2010
Russian forces seize oil tanker from Somali pirates
By Ludmila Danilova
MOSCOW (Reuters) - Russian forces seized a hijacked Russian oil tanker from Somali pirates and rescued its crew in a helicopter-backed operation ...
Wed, May 05, 2010
White House: Would back big rise in oil rig liability
WASHINGTON (Reuters) - The White House would back "significantly lifting" a $75 million cap on companies responsible for oil spills, spokesman Robert Gibbs said on ...
Wed, May 05, 2010
Reid says supports raising oil-spill liability cap
WASHINGTON (Reuters) - Senate Democratic Leader Harry Reid said on Wednesday that he supported a proposal to raise the liability cap on companies responsible for ...
Wed, May 05, 2010
Li Ka-shing eyes Israel for oil-sands, water tech
JERUSALEM (Reuters) - Hong Kong billionaire Li Ka-shing's Hutchison Whampoa is keen on investing in Israeli technology companies specializing in oil-sands and water technologies ...
Wed, May 05, 2010
Somali pirates hijack China-bound oil tanker
By Richard Lough
NAIROBI (Reuters) - Somali pirates on Wednesday hijacked the China-bound oil tanker MV Moscow University 350 miles off the coast of Yemen ...
Wed, May 05, 2010
Hijacked Russian tanker carries Unipec oil: source
MOSCOW (Reuters) - A Russian-owned tanker, hijacked by Somali pirates on Wednesday, is carrying crude oil of China's refiner Unipec and was sailing from ...
Wed, May 05, 2010
Somali pirates hijack Russian oil tanker: EU navy
LONDON (Reuters) - Somali pirates hijacked a Russian-owned Liberia-flagged oil tanker off the coast of east Africa on Wednesday with 23 Russian crew members on ...
Tue, May 04, 2010
U.S. oil spill hurting energy moves in Congress
By Richard Cowan
WASHINGTON (Reuters) - The massive, uncontrolled oil spill in the Gulf of Mexico is roiling President Barack Obama's carefully laid plans ...
Mon, May 03, 2010
BP races to build funnel for leaking oil well
By Matthew Bigg
GOLDEN MEADOW, Louisiana (Reuters) - BP Plc raced against time on Monday to build a funnel to help contain a busted well ...
Mon, May 03, 2010
California governor no longer backs offshore oil plan
SAN FRANCISCO (Reuters) - Citing the massive oil slick in the Gulf of Mexico that threatens several U.S. states, Governor Arnold Schwarzenegger said on ...
Mon, May 03, 2010
Progress toward Gulf oil well cap
By Matthew Bigg
VENICE, Louisiana (Reuters) - Energy giant BP Plc indicated some progress on Monday toward capping the underwater well that ruptured in the ...
Mon, May 03, 2010
Fishing closed in Gulf waters affected by oil spill
HOUSTON (Reuters) - U.S. officials closed commercial and recreational fishing in a large swathe of waters hit by the growing oil spill in the ...
Mon, May 03, 2010
BP shares extend slide as oil spill expands
NEW YORK (Reuters) - Oil giant BP Plc's <BP.L> shares sank further on Monday as the oil spill in the Gulf of Mexico ...
Sun, May 02, 2010
Oil spill could cost BP over $4.6 billion: report
LONDON (Reuters) -The huge oil spillage in the Gulf of Mexico could cost British energy giant BP <BP.L> over 3 billion pounds ($4 ...
Sat, May 01, 2010
Oil spill trims U.S. offshore natural gas supply
By Kristen Hays
HOUSTON (Reuters) - The government on Saturday said two offshore production platforms in the Gulf of Mexico were shut as a safety ...
Fri, April 30, 2010
Lawmakers call for execs to testify on oil spill
By Ayesha Rascoe
WASHINGTON (Reuters) - U.S. lawmakers on Friday summoned top executives from companies involved in the Gulf oil rig disaster to testify ...
Fri, April 30, 2010
Chevron, Total profits climb as oil gains
By Matt Daily and Tom Bergin
NEW YORK/LONDON (Reuters) - Chevron Corp <CVX.N> and Total SA <TOTF.PA> posted sharp gains in quarterly ...
Fri, April 30, 2010
Chevron, Total profits climb as oil gains
By Matt Daily and Tom Bergin
NEW YORK/LONDON (Reuters) - Chevron Corp <CVX.N> and Total SA <TOTF.PA> posted sharp gains in quarterly ...
Fri, April 30, 2010
US Justice Dept sends team to monitor oil spill
WASHINGTON (Reuters) - Attorney General Eric Holder said on Friday he was dispatching a team of lawyers to New Orleans to monitor the oil spill ...
Fri, April 30, 2010
BP CEO says will pay oil spill claims
By Tom Bergin
LONDON (Reuters) - BP Plc will compensate all those affected by an oil spill from one of its wells in the Gulf ...
Fri, April 30, 2010
Chevron profits jump on oil price
NEW YORK (Reuters) - Chevron Corp <CVX.N>, the second-largest U.S. oil company, reported on Friday a sharp rise in quarterly profit, as oil ...
Thu, April 29, 2010
Oil spill pressures White House on drilling, climate
By Patricia Zengerle
WASHINGTON (Reuters) - The spreading oil slick in the Gulf of Mexico could force the White House to rethink plans to increase ...
Thu, April 29, 2010
Obama to visit scene of Gulf oil spill
By Matthew Bigg
VENICE, Louisiana (Reuters) - President Barack Obama will visit the Gulf Coast this weekend to back efforts to avert a environmental disaster ...
Thu, April 29, 2010
Higher oil prices boost Exxon, Conoco profits
By Anna Driver and Matt Daily
HOUSTON/NEW YORK (Reuters) - Higher oil prices boosted quarterly profits for Exxon Mobil Corp <XOM.N> and ConocoPhillips ...
Wed, April 28, 2010
Two-year study finds no brain benefit for fish oil
By Anne Harding
NEW YORK (Reuters Health) - Fish oil may be good for your heart, but it doesn't seem to help preserve your ...
Wed, April 28, 2010
Military may join fight to contain Gulf oil slick
By Chris Baltimore
HOUSTON (Reuters) - BP Plc on Thursday welcomed an offer from the Defense Department to help contain a massive growing oil slick ...
Wed, April 28, 2010
Coast Guard chief sees big risk from oil spill
By Pascal Fletcher
MIAMI (Reuters) - The Coast Guard is scrambling to prevent a giant slick from an oil rig blowout from reaching the U ...
Wed, April 28, 2010
Shell profit soars on oil price, output growth
By Tom Bergin
LONDON (Reuters) - Royal Dutch Shell Plc <RDSa.L> continued a run of better-than-expected first-quarter profit rises by the big international oil ...
Tue, April 27, 2010
Agencies to probe blast that sank oil rig
WASHINGTON (Reuters) - The Departments of Interior and Homeland Security on Tuesday announced they were launching a joint investigation into the explosion at the Deepwater ...
Tue, April 27, 2010
BP profits soar, investors eye oil spill
By Tom Bergin
LONDON (Reuters) - BP Plc <BP.L> failed to reassure investors with a more than doubling of first-quarter net profits on Tuesday ...
Mon, April 26, 2010
Oil groups turn focus back to traditional fields
By Tom Bergin
ALWYN PLATFORM, NORTH SEA (Reuters) - The six-meter high red, blue and gold ball recently painted on the side of the Alwyn ...
Sun, April 25, 2010
U.S. backs plan to stop leaking Gulf of Mexico oil well
By Chris Baltimore
HOUSTON (Reuters) - U.S. agencies on Sunday approved a plan to use remote-controlled underwater vehicles to seal a leaking oil well ...
Sat, April 24, 2010
Well beneath sunken rig U.S. has serious oil leak
By Chris Baltimore
HOUSTON (Reuters) - An oil well on the ocean floor beneath a drilling rig that exploded and sank into the Gulf of ...
Thu, April 22, 2010
Oil spill contained, search for 11 continues
HOUSTON (Reuters) - Oil appears not to be flowing from a sunken drilling rig and damaged well in the Gulf of Mexico, but hope was ...
Wed, April 21, 2010
Workers missing after blast, fire hit oil rig
By Anna Driver and Bruce Nichols
HOUSTON (Reuters) - Eleven workers were missing and 17 injured in an explosion at a Transocean oil drilling rig ...
Sat, April 17, 2010
Ecuador threatens to take over foreign oil firms
By Alexandra Valencia
QUITO (Reuters) - Ecuador will move to take over the operations of foreign oil companies in the country unless they sign new ...
Tue, April 13, 2010
World oil demand to hit record high this year: IEA
LONDON (Reuters) - Global oil demand will hit a record high this year, the International Energy Agency (IEA) said on Tuesday, revising up consumption estimates ...
Mon, April 12, 2010
China's Sinopec to pay $4.65 billion in oil sands deal
By Jeffrey Jones
CALGARY, Alberta (Reuters) - China's state-owned Sinopec plans to buy ConocoPhillips' stake in the huge Syncrude project in Canada's oil ...
Wed, April 07, 2010
Miami Firm to Acquire Milwaukee's Lakeside Oil Co.
MILWAUKEE, Wis. (WTAQ) - A regional fuel distributor in Milwaukee is about to be acquired by a Miami firm. World Fuel Services says it will ...
Wed, March 31, 2010
President Plans More Offshore Oil Drilling
CAMP SPRINGS, Md. (WTAQ) - President Obama has confirmed plans to open more offshore oil drilling. Speaking at the Andrews military base in Maryland, the ...
Tue, March 30, 2010
OPEC undecided on action if oil breaks from $70-80
By Joshua Schneyer and Robert Campbell
CANCUN, Mexico (Reuters) - OPEC officials on Tuesday appeared undecided on how to respond if oil prices rose definitively ...
Mon, March 29, 2010
Obama opens new oil drilling offshore in climate drive
By Jeff Mason and Tom Doggett
WASHINGTON (Reuters) - President Barack Obama unveiled plans on Wednesday for a limited expansion of U.S. offshore oil ...
Thu, March 25, 2010
Big Oil seeks natural gas deal in U.S. climate bill
By Timothy Gardner and Richard Cowan
WASHINGTON (Reuters) - Major oil companies were calling on three U.S. senators struggling over a compromise climate bill ...
Mon, March 22, 2010
Activists unveil anti oil-sands game
OTTAWA (Reuters) - Activists launched an online video game on Monday to attack leading politicians' support for development of Canada's oil sands, which greens ...
Fri, March 19, 2010
Court says no oil money for Anna Nicole's heirs
LOS ANGELES (Reuters) - A federal appeals court ruled on Friday that the estate of late model Anna Nicole Smith was not entitled to one ...
Mon, March 15, 2010
Rio says Olympics threatened by oil reform
By Stuart Grudgings
RIO DE JANEIRO (Reuters) - A proposed cut to Rio de Janeiro's share of Brazil's oil revenues has provoked a ...
Thu, March 11, 2010
Jan trade gap narrows unexpectedly due to oil
WASHINGTON (Reuters) - The U.S. trade deficit narrowed unexpectedly in January as oil imports fell to their lowest since February 1999, a government report ...
Thu, March 11, 2010
Jobless claims fall, trade gap narrows on oil
By Lucia Mutikani and Doug Palmer
WASHINGTON (Reuters) - The number of U.S. workers filing new claims for unemployment benefits fell only slightly last ...
Thu, March 04, 2010
Environmentalists see "Avatar" in oil sands
By Jeffrey Jones
CALGARY, Alberta (Reuters) - Environmentalists aim to hitch their stars to James Cameron's "Avatar" by trying to draw parallels between the ...
Tue, March 02, 2010
CORRECTED: Fish oil makers, drugstores, sued over supplements
(Corrects second paragraph to reflect lawsuit filed in Superior Court, clarifies PCB detail in sixth paragraph)
By Alexandria Sage
SAN FRANCISCO (Reuters) - A group ...
Fri, February 26, 2010
Off Florida, massive oil tanks menace U.S. refiners
By Joshua Schneyer, Rebekah Kebede and Bruce Nichols
NEW YORK/HOUSTON (Reuters) - The newest threat to a vulnerable U.S. oil refining industry may ...
Tue, February 23, 2010
Europe aims to cut 60 billion euros of oil, gas imports
By Pete Harrison
BRUSSELS (Reuters) - The European Union's energy strategy could cut a total 60 billion euros ($81.5 billion) off the bloc ...
Mon, February 15, 2010
Global oil refining sector needs consolidation: BP
By Alex Lawler and Emma Farge
LONDON (Reuters) - Consolidation is needed in the global oil refining sector, the chief economist of BP Plc <BP ...
Sun, February 14, 2010
BP in talks over $1.2 billion Canadian oil sands deal: report
LONDON (Reuters) - British oil major BP Plc is in talks to pay about $1.2 billion for a majority stake in a privately held ...
Sat, February 13, 2010
Floridians protest offshore oil drilling
ST. PETERSBURG, Florida (Reuters) - Thousands of Floridians demonstrated against moves to allow offshore oil drilling on Saturday along the east and west coasts of ...
Thu, February 11, 2010
IEA revises up global oil demand growth for 2010
By David Sheppard
LONDON (Reuters) - Global oil demand will grow by more than previously expected in 2010, the International Energy Agency (IEA) said on ...
Tue, February 09, 2010
Oil climbs above $74, ending worst month since 2008
By Barbara Lewis
LONDON (Reuters) - Oil climbed above $74 per barrel on Monday in line with a timid recovery across financial markets, but still ...
Tue, February 02, 2010
BP profit up as oil prices rise, misses forecasts
By Tom Bergin
LONDON (Reuters) - British oil major BP Plc <BP.L> reported a lower than forecast 33 percent rise in fourth-quarter replacement cost ...
Mon, February 01, 2010
Can fish oil help guard against schizophrenia?
By Anne Harding
NEW YORK (Reuters Health) - Taking fish oil may help prevent full-blown psychotic illness in at-risk adolescents and young adults, a study ...
Sun, January 24, 2010
Shell CEO says to scale back on oil sands: report
LONDON (Reuters) - Royal Dutch Shell is slowing its expansion into high-cost Canadian tar sands and will in future focus on exploration, rather than expensive ...
Sun, January 24, 2010
Ahmadinejad says new budget less dependent on oil
By Parisa Hafezi
TEHRAN (Reuters) - Iranian President Mahmoud Ahmadinejad said on Sunday the national budget for 2010/11 would lessen reliance on oil revenues ...
Sun, January 24, 2010
Texas waterway remains closed after oil spill
By Erwin Seba
HOUSTON (Reuters) - The Sabine-Neches Waterway, that supplies oil to four Texas refineries representing 6.5 percent of U.S. capacity, remained ...
Wed, January 20, 2010
Branch County May Be In The Oil Business
Oil could be part of the answer to Branch County government budget concerns. A county commission committee yesterday heard details about a possible big ...
Tue, January 19, 2010
Fish oil protects against cellular aging: study
By Julie Steenhuysen
CHICAGO (Reuters) - A diet rich in omega-3 fatty acids helps keep the DNA of heart patients from unraveling, which may help ...
Mon, January 18, 2010
Somali pirates free oil tanker for record ransom
By Abdi Guled and Abdi Sheikh
MOGADISHU (Reuters) - Somali pirates freed a Greek-flagged tanker carrying 2 million barrels of oil for a record ransom ...
Mon, January 18, 2010
Somali pirates free oil tanker after record ransom
By Abdi Guled and Abdi Sheikh
MOGADISHU (Reuters) - Somali pirates freed a Greek-flagged tanker carrying 2 million barrels of oil on Monday, a day ...
Thu, January 14, 2010
CFTC unveils oil and gas limits; deemed light touch
By Ayesha Rascoe and Tom Doggett
WASHINGTON (Reuters) - The top U.S. futures market regulator unveiled its long-awaited proposal to crack down on speculation ...
Sun, January 10, 2010
Corruption-plagued Iraq joins oil transparency group
By Ahmed Rasheed
BAGHDAD (Reuters) - Iraq joined a global transparency initiative Sunday in a bid to heal its reputation as a nation plagued by ...
Sun, December 20, 2009
OPEC poised to keep oil supply steady as price firm
By Alex Lawler and Henrique Almeida
LUANDA (Reuters) - OPEC would leave output targets unchanged when it meets this week in Luanda, ministers said on ...
Sun, December 20, 2009
OPEC to keep oil supply unchanged: Algeria
ALGIERS (Reuters) - OPEC will keep supply unchanged when it meets on Tuesday in Angola, Algeria's Energy Minister Chakib Khelil said on Sunday.
"There ...
Mon, December 14, 2009
Alaska governor expects oil-fueled surpluses
By Yereth Rosen
ANCHORAGE, Alaska (Reuters) - Alaska would have surpluses at the end of the current and 2011 fiscal years under budget proposals unveiled ...
Sat, December 12, 2009
Iraq awards oil deals, but no boon for U.S. invaders
By Mohammed Abbas
BAGHDAD (Reuters) - The United States spent blood and treasure on an Iraq invasion critics said was for oil, but U.S ...
Fri, December 11, 2009
Iraq oil deal auction a "success," sees huge output
By Simon Webb and Ahmed Rasheed
BAGHDAD (Reuters) - Iraq, emerging from the shadow of war, expects to boost its oil output to rival the ...
Thu, December 10, 2009
Oil slips below $73 on "toxic mix" of risk aversion
By Christopher Johnson
LONDON (Reuters) - Oil fell below $73 a barrel on Friday, extending losses after its biggest one-day fall since July, and as ...
Mon, December 07, 2009
Oil drops below $75 on continuing demand concerns
By Rebekah Kebede
NEW YORK (Reuters) - Oil fell toward $74 a barrel on Monday as low demand for crude oil in the wake of ...
Sun, November 29, 2009
Dubai crisis gives China chance to buy oil, gold: report
BEIJING (Reuters) - Dubai's debt crisis could be China's opportunity to snap up gold and oil assets, a senior Chinese official said in ...
Wed, November 25, 2009
U.S. heating oil prices up this Thanksgiving
By Tom Doggett
WASHINGTON (Reuters) - Americans are paying slightly higher prices this Thanksgiving to warm their homes with heating oil than they did last ...
Tue, November 24, 2009
World oil demand growth to outpace supply in 2010: poll
By David Sheppard and Joshua Schneyer
LONDON/NEW YORK (Reuters) - Growing world oil use will likely outpace the rate of new supplies in 2010 ...
Tue, November 10, 2009
U.S. businessman sentenced in Azerbaijan oil case
NEW YORK (Reuters) - American businessman and co-founder of upscale handbag maker Dooney & Bourke was sentenced on Tuesday to just over a year in prison ...
Tue, November 10, 2009
Peak oil closer than IEA forecasts show: report
LONDON (Reuters) - The world is closer to a peak in oil supply than International Energy Agency estimates admit, UK newspaper The Guardian reported in ...
Sat, November 07, 2009
Ida sloshes ashore, US Gulf oil operations recover
By Kelli Dugan
MOBILE, Alabama (Reuters) - Ida dwindled to a tropical depression on Tuesday after crawling ashore in Alabama from the Gulf of Mexico ...
Tue, November 03, 2009
IEA to cut long-term oil demand outlook next week: report
SINGAPORE (Reuters) - The International Energy Agency will "substantially" downgrade its long-term oil demand forecast in its annual energy outlook next week, the second cut ...
Fri, October 30, 2009
Chevron profit hit by oil, refinery weakness
By Matt Daily and Braden Reddall
NEW YORK/SAN FRANCISCO (Reuters) - Chevron Corp <CVX.N> posted a 51 percent drop in quarterly profit on ...
Thu, October 29, 2009
Oil companies give cool outlook as profits tumble
By Tom Bergin
LONDON (Reuters) - Exxon Mobil Corp, Royal Dutch Shell Plc and Eni SpA dashed hopes for an imminent turnaround for the oil ...
Sat, October 24, 2009
Firefighters put out Puerto Rico oil depot blaze
SAN JUAN (Reuters) - Firefighters in Puerto Rico extinguished a huge fire on Saturday that had raged for more than two days at an oil ...
Wed, October 21, 2009
Dollar, stocks, oil all fall
By Jeremy Gaunt, European Investment Correspondent
LONDON (Reuters) - Recent trading patterns broke at least temporarily on Wednesday with both the dollar and world stocks ...
Thu, October 15, 2009
Asia shares steady, oil hits 1-year high
By Eric Burroughs
HONG KONG (Reuters) - Asian shares hovered near 14-month highs on Monday, shaking off an early dip after disappointing earnings from U ...
Tue, October 06, 2009
Pickens says increasing oil, natural gas exposure
NEW YORK (Reuters) - Texas oil tycoon T. Boone Pickens said on Tuesday he has increased his long oil and natural gas position in recent ...
Tue, October 06, 2009
Gulf region to stay with dollar for oil: UAE central bank source
ABU DHABI (Reuters) - Gulf Arab oil exporters will stay with the dollar as the currency for trading crude, a source in the United Arab ...
Mon, October 05, 2009
Oil states say no talks on replacing dollar
By Simon Rabinotvitch and Wayne Cole
ISTANBUL/SYDNEY (Reuters) - Big oil producing nations denied a British newspaper report on Tuesday that Gulf Arab states ...
Wed, September 23, 2009
Alaska oil dividend declines to $1,305 per person
By Yereth Rosen
ANCHORAGE, Alaska (Reuters) - Each Alaskan adult and child will receive a $1,305 dividend from the state's oil-wealth trust fund ...
Wed, September 23, 2009
California fire threatens power lines, oil fields
By Steve Gorman
LOS ANGELES (Reuters) - A wind-driven wildfire believed to have spontaneously ignited in a manure pile grew to nearly 10,000 acres ...
Thu, September 17, 2009
Biden presses Iraqis to agree on oil, land
By Ross Colvin
ARBIL, Iraq (Reuters) - U.S. Vice President Joe Biden pressed leaders of semi-autonomous Iraqi Kurdistan on Thursday to compromise on the ...
Wed, September 16, 2009
U.S. to replace oil and natgas royalty-in-kind scheme
By Ayesha Rascoe
WASHINGTON (Reuters) - The U.S. Interior Department said on Wednesday it will begin phasing out its royalty-in-kind oil and natural gas ...
Thu, September 10, 2009
IEA sees higher global oil use as economy recovers
By Christopher Johnson and Catherine Bosley
LONDON (Reuters) - Global oil demand will be almost 0.5 million barrels per day (bpd) higher than previously ...
Wed, September 09, 2009
U.S. import prices in August spike as oil rises
WASHINGTON (Reuters) - U.S. import prices spiked 2 percent in August as the cost of oil rose, the Labor Department said on Friday,
The ...
Wed, September 09, 2009
Global oil supplies to outstrip demand: EIA
By Tom Doggett and Ayesha Rascoe
WASHINGTON (Reuters) - Global oil demand through next year will be weaker than previously forecast while petroleum supplies will ...
Mon, September 07, 2009
Whole flaxseed, but not oil, may cut cholesterol
NEW YORK (Reuters Health) - Adding whole flaxseed to your diet, but not flaxseed oil, may help lower your cholesterol levels, hint the combined results ...
Sat, September 05, 2009
Total removes staff from riot-hit Gabon oil hub
PARIS (Reuters) - French oil group Total <TOTF.PA> has moved expatriate staff and their families from Gabon's industry hub Port Gentil to the ...
Fri, September 04, 2009
Saudi prince urges U.S. to recognize oil dependency
MILAN (Reuters) - The United States has no alternative to oil to meet its massive energy needs and should recognize its energy interdependence with the ...
Thu, September 03, 2009
Oil rises near $78 as concern eases over Dubai
By Alex Lawler
LONDON (Reuters) - Oil climbed toward $78 a barrel on Tuesday, adding to the previous session's advance, as concern eased that ...
Wed, September 02, 2009
CORRECTED: Russian oil trade king buys more gas assets
(Corrects story published on May 27 to clarify in the second paragraph that Gunvor is handling 30-40 percent of oil exports from firms like ...
Wed, September 02, 2009
Oil steady at $68 on mixed economic outlook
By Rebekah Kebede
NEW YORK (Reuters) - Oil prices steadied on Thursday as economic optimism from data showing that the U.S. service sector and ...
Wed, September 02, 2009
BP makes "giant" oil find in Gulf of Mexico
By Tom Bergin
LONDON (Reuters) - Oil major BP Plc said it has made an oil discovery in the Gulf of Mexico, which analysts believe ...
Tue, September 01, 2009
U.S. ethanol group wants origin labeling for oil
NEW YORK (Reuters) - A U.S. ethanol industry group is pushing lawmakers to craft legislation requiring fuel companies to inform customers what country their ...
Mon, August 31, 2009
Oil rises above $68 after U.S. stocks data
By Joe Brock
LONDON (Reuters) - Oil rose above $68 a barrel on Wednesday in choppy trade after U.S. government inventory data showed a ...
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