Oil

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Russia oil firm Rosneft nears deal with BP

Oct 19, 2012
The state-controlled Russian oil firm Rosneft is reported ready to enter a multi-billion dollar joint venture with the British oil giant BP to create the world’s biggest listed oil company.
Posted In: Russia, Oil, BP

Report: Iraq could double its oil production

Oct 9, 2012
Higher production could make Iraq the world's second-largest oil exporter. Most of the added oil won't go to the U.S., but to countries helping Iraq rebuild its oil facilities and basic infrastructure.
Posted In: Iraq, Oil

Is the U.S. at risk of another OPEC oil embargo?

Oct 2, 2012
The OPEC oil embargo nearly 40 years was a shock to the U.S. and its economy. But the long-term effects proved a shock to Saudi Arabia and other OPEC members, who learned that oil and politics don't mix.
Posted In: Saudi Arabia, OPEC, Oil, energy

Libyan oil production almost back to normal

Oct 1, 2012
Civi war combatants mindful of the importance of oil on the economy, left infrastructure largely undamaged.
Posted In: Oil, energy, Civil War

Energy independence? For the U.S., it's a pipe dream

Oct 1, 2012
The U.S. can become less dependent on foreign oil, but it's still a part of the global oil market --and that means no insulation from oil price shocks.
Posted In: energy, Oil, big oil

U.S. petroleum reserve is a versatile weapon

Oct 1, 2012
The Strategic Petroleum Reserve was established to protect the economy from an embargo. But just the threat of releasing oil into the market can rein in speculation in oil futures, too.
Posted In: Oil, strategic oil reserves, gas

Oil sanctions cause pain in Iran, but also at gas pumps

Sep 24, 2012
As world leaders gather to discuss the oil santions against Iran, that country is selling only half the volume of a year ago. But its reduced production is raising oil prices around the world.
Posted In: Iran, Oil, gas prices

Questions linger over dropping oil prices

Sep 18, 2012
Mid-day yesterday oil prices dropped three dollars in about a minute -- and they have kept falling ever since.
Posted In: Oil, high-frequency trading

Oil prices hit steep plunge yesterday

Sep 18, 2012
Federal regulators are looking into something strange that happened yesterday in the oil markets: Prices plunged more than $3 a barrel in less than a minute.
Posted In: Oil

Some see energy in abandoned wells

Sep 18, 2012
An oil well may seem pretty useless when the light sweet crude stops flowing. In Texas, researchers and entrepreneurs see a chance to recycle old wells and create geothermal power.
Posted In: energy, Oil, geothermal energy, texas

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