Oil

Pages

What the Strait of Hormuz means for world oil

Dec 28, 2011
Iran's navy chief said today his country could very easily close the world's most important oil transit channel. The threat to close it comes after the West imposed more sanctions on Iran over its nuclear program.
Posted In: Iran, Oil

OPEC agrees on oil output limit

Dec 14, 2011
The Organization of Petroleum Exporting Countries has agreed on an output limit, and it looks like gas prices will remain high for the time being.
Posted In: OPEC, Oil

Oil, gas prices should remain relatively steady

Dec 14, 2011
The Organization of Petroleum Exporting Countries agreed this morning to maintain global production at about 30 million barrels of oil per day.
Posted In: Oil, gas prices, OPEC

Oil companies bid for leases in Gulf of Mexico

Dec 14, 2011
BP was the high bidder in 11 of them.
Posted In: Oil

PODCAST: Bigger stockpiles, butter shortage

Dec 8, 2011
Jon Corzine heads to Congress today to answer for the collapse of brokerage firm MF Global. The European Union is looking to the International Monetary Fund for bailout help, and that could have ripple effects in the U.S. Reporter Sally Herships looks at what other businesses can gain from big-box storse like Costco and Walmart. And the countdown to a big European summit is nearing its end.
Posted In: butter, Retail, Oil, Europe debt crisis

Hybrids win in Exxon Mobil's yearly energy outlook

Dec 8, 2011
Hybrid cars win, coal loses as the world's largest energy company looks to 2040.
Posted In: hybrid cars, Oil, ExxonMobil

Shift in the oil trade

Nov 30, 2011
For the first time in 62 years, the U.S. will export more petroleum than it gets.
Posted In: Oil

What's causing the steep rise in oil prices

Nov 16, 2011
The price of oil is up 20 percent over the last month, with prices today topping $100 a barrel. Why?
Posted In: Oil, natural gas, speculative bubbles

Gas prices are up, but drivers aren't to blame

Nov 16, 2011
The price of crude oil has jumped to more than $100 a barrel. Many analyst blame "speculators." But it turns out, these days "speculators" are often pensions and mutual funds, not just traditional traders.
Posted In: Oil

High oil prices could hurt consumer spending

Nov 16, 2011
Consumer sentiment and spending numbers have been inching higher in the last few weeks. But the ongoing high price of oil could put a cap on that growth.
Posted In: Oil, consumer spending

Pages