(KUALA LUMPUR, Malaysia) — The price of oil was steady Friday after being buoyed by stronger economic growth in the world’s largest economy.
Benchmark U.S. crude for January delivery was up 2 cents at $97.40 a barrel at midafternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. On Thursday, oil rose to …
(NEW YORK) — Energy company Hess is selling its Indonesia assets to a joint venture between PT Pertamina and PTT Exploration and Production Co. Ltd. for $1.3 billion.
Hess has been shifting away from refining and toward exploration and production. As part of that plan, it’s selling off some assets. The Indonesia assets were included …
(BAGHDAD) — State-owned PetroChina says it has acquired a share in a development project of one of Iraq’s most promising oil fields from U.S. major Exxon Mobil.
Thursday’s statement says Exxon handed over 25 percent of the consortium to the Chinese oil giant in the 8.6-bilion-barrel West Qurna-1 field in southern Basra region. The …
(WASHINGTON) — The oilfield services company Weatherford International has agreed to pay $253 million to settle federal charges that it bribed officials in the Middle East and Africa to win business.
The Securities and Exchange Commission had charged the company with violating U.S. law by offering foreign officials bribes, improper …
Success at the negotiating table in Geneva sends oil prices into retreat
Prices at the pump sometime head in the exact opposite of the trajectory forecast by analysts. But this autumn, gas prices are steadily plummeting, just as predicted, recently hitting a low for the year.
Appeals court orders trial judge to halt some payments
By Halloween — and perhaps much sooner, if the federal shutdown dampens demand significantly — consumers are likely to see the cheapest gas prices so far this year
Exorbitant fees and bogus claims have inflated Deepwater Horizon settlement payments, claims the oil company
A new initiative hopes to turn tourists visiting central Florida into the electric car owners of tomorrow.
It’s becoming more apparent that the fuel economy estimates on new-car windows are often very rough estimates. But the knowledge that these numbers are inflated may not necessarily hurt sales.
American drivers have come to expect that strife in the Middle East equates to a spike in gas prices at home. It looks like we’re about to bomb Syria. And yet gas prices haven’t jumped — and analysts say they probably won’t. In fact, all signs indicate that prices at the pump will plummet, perhaps by more than 20%, in the months ahead.