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AP - Oil rose above $91 a barrel Monday in Asia as Greek polls suggested pro-austerity parties might win elections next month, raising the likelihood the country will stay in the euro common currency.
Spain ’s biggest oil producer will likely opt to lower its annual payout from 1.155 euros ($1.44) per share, or about 1.4 billion euros in total, to conserve cash after Standard & Poor’s said its debt risks being downgraded to junk, said Lydia Rainforth at Barclays Plc and Brendan Warn at Jefferies International Ltd. They didn’t say how much Repsol will cut dividends, which give a yield of 8.3 ...
Congratulations OPEC. The world is now accustomed to $90 oil.
JAKARTA (IFT) - Chevron GeothermaI Indonesia Ltd, anak usaha Chevron Corporation, perusahaan energi asal Amerika Serikat, berpotensi memenangi tender wilayah kerja pertambangan (WKP) panas bumi Gunung Ciremai, Kuningan, Jawa Barat. Jerry Januar, Kepala Dinas Energi Sumber Daya Mineral Jawa Barat, mengatakan Chevron merupakan satu-satunya perusahaan yang tersisa dalam tender yang dilaksanakan ...
McClendon's risky investment in Sundrop Fuels is a prime example of what Carl Icahn says is wrong with the company.
MELBOURNE (Reuters) - Woodside Petroleum , Australia's largest oil and gas company, said it is not considering buying back Royal Dutch Shell's 24 percent stake in the company, despite a recent share price drop. Chief Executive Peter Coleman said the company would consider share buybacks if it was considering returning capital to shareholders, but said Shell had not approached it to buy back the ...
U.S. ratchets down oil purchases from Nigeria BLOOMBERG Copyright 2012 BLOOMBERG. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Published 11:27 p.m., Friday, May 25, 2012 U.S. purchases of Nigerian crude fell to a five-year low in February, knocking the OPEC member to sixth from fifth among suppliers to the world's largest oil consumer, Energy ...
Company warns carbon tax will bring more strain to industry. 28 May 2012 8:16 AM
(Reuters) - China's top economic planner has signaled it wants to boost private investment in its key industries, putting heavy emphasis on the energy and financial sectors. China will lay out detailed rules and directions to encourage private investment in seven key sectors by the end of June. The rules will supplement a similar plan that was first unveiled in 2010 but has not been successful ...
Oil rose above $91 a barrel Monday in Asia as Greek polls suggested pro-austerity parties might win elections next month, raising the likelihood the country will stay in the euro common currency.
HONG KONG/BEIJING (Reuters) - Private investors with the money and technology to unlock China's vast pools of shale and coal seam gas will need strong stomachs to brave the unpredictable, unsupported and unregulated sector. China, the world's largest energy user, signaled last week it wanted to draw more private investment into its energy sector as part of a plan to fast-track infrastructure ...
China aims to launch crude oil futures within the year and allow them to be traded by foreign investors as the country speeds the opening of its commodities futures market to overseas players, the chairwoman ...
Crude-oil futures rise nearly 1% in electronic trading hours Monday, after weekend killings in a government attack in Syria raise the temperature in the Middle East.
It's Memorial Day weekend and our national obsession with the price of gasoline is in focus once again.
* Euro zone concerns ease, but rise in palm prices fragile * Possible El Nino return eyed by traders * Crude oil and Dalian both gain to offer palm support By Michael Taylor JAKARTA, May 28 (Reuters) - ...
Local oil companies slashed prices of petroleum products today to reflect the continued softening of prices in the international oil market. Petron Corp., Phoenix Petroleum Philippines, Chevron Phili .....
INDIANAPOLIS (AP) -- Tony Kanaan was feeling lucky Sunday.
NEW ORLEANS (Reuters) - The Gulf Coast is a hot destination again two years after the massive BP Plc oil spill made the region a tourist dead zone, with the petroleum giant pumping more than $150 million into promotions to help the region recover. In New Orleans, about 150 miles northeast of where BP's well blew up on April 20, 2010, the period since more than 4 million barrels of oil gushed ...
Lukoil, 11-4 In National Division Little League play on May 19, Lukoil of Lawrenceville defeated Brook Metal Products, 11-4.
LONDON (Reuters) - Goldman Sachs is considering selling off Swedish oil group Svenska Petroleum Exploration in chunks, the Independent on Sunday reported. The UK newspaper said on Sunday that most potential bidders, including the UK's BP and Shell , were not interested in the whole group, which is owned by Saudi billionaire Mohammed Hussein al-Amoud. It cited an industry source as saying that ...
Crude oil futures rose modestly on Friday in lighter than usual trading ahead of an extended holiday weekend in the US.
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