Oil moves down near $77 amid economic uncertainty AP (November 20, 2009) (AP) - Oil prices edged down toward $77 a barrel on Friday after a drop in many stock markets and amid concern about the strength of the global economic recovery.
Oil falls below $79 amid mixed economic signs AP (November 19, 2009) (AP) - Oil prices slipped below $79 a barrel Thursday amid mixed signals over the strength of the global economic recovery.
Ahead of the Bell: Rise in gas reserves expected AP (November 19, 2009) NEW YORK (AP) - The Energy Department on Thursday is expected to report a build of 19 billion to 23 billion cubic feet of natural gas storage inventories for the week ended Nov. 13, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.
Long-awaited pipeline funnels gas across 8 states AP (November 18, 2009) CHEYENNE, Wyo. (AP) - A 1,679-mile pipeline crossing eight states is now fully completed and funneling natural gas from Wyoming and Colorado to the eastern edge of Ohio.
Oil above $79 after US crude supply drop AP (November 18, 2009) SINGAPORE (AP) - Oil prices extended gains above $79 a barrel Wednesday in Asia after an unexpected drop in U.S. crude supplies suggested demand could be improving.
Oil up near $80 as US crude supplies drop AP (November 18, 2009) (AP) - Oil prices extended gains to near $80 a barrel Wednesday, supported by a weaker dollar and as a report showed an unexpected drop in U.S. crude supplies, suggesting demand could be improving.
Oil down to near $78 as dollar rebounds AP (November 17, 2009) (AP) - Oil prices fell to near $78 a barrel Tuesday as traders continued to focus on the dollar's exchange rate, whose rise makes crude more expensive for international investors.
Fatal ammonia release at CF terminal kills driver AP (November 17, 2009) NEW YORK (AP) - CF Industries Holdings Inc. said a fatal release of anhydrous ammonia at its Pine Bend, Minn., terminal killed one truck driver and injured another.
Judge rejects global warming trial in auction case AP (November 17, 2009) SALT LAKE CITY (AP) - A federal judge said Monday he won't allow global warming to be put on trial in the case of a college student charged with disrupting an auction of oil and gas drilling leases.
Fight is on between pro-fish camp, mine defenders AP (November 17, 2009) ANCHORAGE, Alaska (AP) - The fight is on between backers of an Alaska mine being developed near the world's most productive wild salmon streams and 13 Seattle restaurants.
Groups file suit to stop Grand Canyon uranium mine AP (November 17, 2009) FLAGSTAFF, Ariz. (AP) - Environmental groups are suing the federal Bureau of Land Management over its decision to allow a uranium mine to reopen north of the Grand Canyon.
Job prospects drawing students to ag schools AP (November 17, 2009) CHAMPAIGN, Ill. (AP) - Tristesse Jones will probably never drive a tractor or guide a combine through rows of soybeans at harvest time.
Oil rises on weak dollar, rising stock markets AP (November 16, 2009) (AP) - After hitting their lowest level in a month, oil prices bounced back, past $78 Monday on the back of a weaker dollar and rising global stock markets.
Toreador to explore strategic alternatives AP (November 13, 2009) NEW YORK (AP) - French oil and natural gas company Toreador Resources Corp. said Friday it will consider a range of strategic alternatives, which include raising funds through equity or debt offerings, taking out a line of credit, equity investments and a possible partnership with its primary growth property, the Paris Basin Oil Shale.
Colo. BLM auctions oil, gas leases for $112,969 AP (November 13, 2009) DENVER (AP) - Federal officials have sold oil and gas leases on a total of about 6,000 acres in Colorado for $112,969.
Weather takes toll on La, Miss cotton AP (November 13, 2009) NEW ORLEANS (AP) - A federal report has confirmed concerns about cotton production losses in Louisiana and Mississippi due to the wet fall.
Federal Reserve says Midwest farm economy weakens AP (November 13, 2009) OMAHA, Neb. (AP) - The Federal Reserve Bank of Kansas City says lower income contributed to a weaker farm economy during the third quarter in some Midwest and Western states.
For 3rd time, W.Va. Supreme Court finds for Massey AP (November 13, 2009) CHARLESTON, W.Va. (AP) - A multimillion-dollar coal contract dispute that went all the way to the U.S. Supreme Court took its latest turn Thursday with another ruling in favor of Massey Energy Co.
Texas expected to harvest 4.9 million cotton bales AP (November 12, 2009) LUBBOCK, Texas (AP) - West Texas cotton producer Steve Smith continued to harvest Wednesday, happy that the weather on this end of the growing season is far better than its beginning.
Polish gas monopoly PGNiG posts strong 3Q gains AP (November 12, 2009) WARSAW, Poland (AP) - Poland's gas and oil monopoly, PGNiG, posted a better-than-expected third quarter net profit of 408 million zlotys ($148 million), as lower prices for imported gas improved its profit margins, the company said Thursday.
Booming precious metal prices drive gold rush AP (November 12, 2009) CHICAGO (AP) - Gold futures climbed to a new high Thursday, giving another nudge to the gold rush on Main Street as some people scramble to turn in their old jewelry for cash.
Oil falls below $79 ahead of US supply report AP (November 12, 2009) (AP) - Oil prices fell below $79 a barrel Thursday amid signs that U.S. crude demand remains weak and as the dollar strengthened, making commodities like oil more expensive for international investors.
Higher oil prices seen threatening global recovery AP (November 12, 2009) (AP) - Rising oil prices could imperil a modest increase in crude demand and the recovery of the global economy, the International Energy Agency said Thursday as it raised its outlook for oil demand this year.
BLM now collecting higher drilling application fee AP (November 12, 2009) CHEYENNE, Wyo. (AP) - A huge increase in the application fee for oil and gas companies to drill on federal land is unfair and won't speed up review of drilling permits, industry officials said Wednesday.
Conn. man gets year in prison in oil bribe case AP (November 11, 2009) NEW YORK (AP) - A Connecticut businessman was sentenced to a year and a day in prison Tuesday for conspiring with others to corrupt the oil privatization process in Azerbaijan.
Lawmakers oppose Michigan anti-mining ballot plan AP (November 11, 2009) LANSING, Mich. (AP) - A bipartisan group of state lawmakers representing Michigan's Upper Peninsula is criticizing a possible ballot proposal that would ban some types of mining.
OPEC: Pricier crude could erode 2010 demand AP (November 11, 2009) CAIRO (AP) - OPEC on Wednesday cautioned that a sustained increase in oil prices above their current level could erode crude demand next year amid a shaky global economic recovery.
Oil up to near $80 as the dollar weakens AP (November 11, 2009) (AP) - Oil prices rose to near $80 a barrel Wednesday as the effects of a weaker dollar trumped a report pointing to a rise in U.S. oil inventories.
W.Va. pols vow to speak in single, pro-coal voice AP (November 11, 2009) CHARLESTON, W.Va. (AP) - An array of West Virginia's top political leaders stood shoulder-to-shoulder Tuesday with executives from the state's top coal producers, vowing to form a united front in the face of what they call mixed signals and heavy-handedness from federal mining regulators.
Calif. governor pushes $11B water bond plan, dams AP (November 10, 2009) FRIANT, Calif (AP) - Gov. Arnold Schwarzenegger has signed a far-reaching water bond intended to rebuild California's crumbling water system and fund new dams to save up the precious resource for dry years.
Iraqi Cabinet approves Exxon Mobil-Shell oil deal AP (November 10, 2009) BAGHDAD (AP) - Iraq's prime minister says his Cabinet has approved a deal with a consortium led by U.S.-based Exxon Mobil to develop a prized oil field in the country's south.
Somali pirates hit oil tanker in long-range attack AP (November 09, 2009) NAIROBI, Kenya (AP) - The European Union Naval Force says Somali pirates have launched an attack on an oil tanker farther out at sea than any previous assault.
Oil prices near $79 on US hurricane, weaker dollar AP (November 09, 2009) (AP) - Oil prices climbed toward $79 a barrel Monday as Hurricane Ida threatened oil installations in the Gulf of Mexico and the dollar weakened against other currencies.
Investigator: Utah explosion caused by burst pipe AP (November 09, 2009) WOODS CROSS, Utah (AP) - A refinery explosion that severely damaged 10 homes this week was caused by a burst pipe that sprayed hydrogen gas onto a nearby heater, the U.S. Chemical Safety Board's lead investigator said.
Gazprom's profits cut in half in first half 2009 AP (November 09, 2009) MOSCOW (AP) - Russian gas company Gazprom saw profit cut in half in the first six months of the year as the cost of natural gas it buys from Central Asia soared and demand plummetted in Europe.
Soaring ND oil production to get another boost AP (November 09, 2009) BISMARCK, N.D. (AP) - North Dakota's already burgeoning oil production could soar another 50 percent next year as the state's capacity to export crude catches up with its ability to pump it, state regulators and industry officials say.
Ohio governor hails Alcoa $110 million investment AP (November 06, 2009) COLUMBUS, Ohio (AP) - Alcoa Inc. plans to invest more than $110 million at its Cleveland plant in part to refurbish a forging press used in the production of the F-35 Joint Strike Fighter plane.
Oil falls below $78 as US unemployment rises AP (November 06, 2009) (AP) - Oil prices lost over $2 to stumble below $78 a barrel Friday as rising U.S. unemployment figures renewed concerns about the economic recovery and consumer demand.
Diamond watchdog gives Zimbabwe time to comply AP (November 06, 2009) JOHANNESBURG (AP) - The world's diamond control body is calling on Zimbabwe to clean up a lawless field, but has stopped short of suspending the country from a process meant to keep "blood" gems off the market.
ND oil lease auction brings record $71.6M AP (November 06, 2009) BISMARCK, N.D. (AP) - An auction of oil drilling rights on North Dakota state land has fetched $71.6 million, a record haul that will go mostly to benefit public schools.
Sweden OKs Baltic Sea gas pipeline AP (November 05, 2009) STOCKHOLM (AP) - Sweden on Thursday became the second nation to approve a Baltic Sea pipeline that would ship Russian natural gas to Germany, saying the project meets its demands to protect the marine environment.
Statoil partners with China in Gulf of Mexico AP (November 05, 2009) OSLO (AP) - Norwegian oil company Statoil ASA agreed last month to sell part of its interests in the U.S. Gulf of Mexico to the China National Offshore Oil Corporation, a company spokesman said Thursday.
Farmland released from conservation program AP (November 04, 2009) (AP) - Here's a look at the states where the most land is being released from the federal Conservation Reserve Program:
Oil falls to near $79 despite US crude supply drop AP (November 04, 2009) SINGAPORE (AP) - Oil prices fell slightly to near $79 a barrel Wednesday in Asia despite an unexpected drop in U.S. crude supplies which suggested demand may be picking up.
Oil up above $80 on weak dollar, lower inventories AP (November 04, 2009) (AP) - Oil prices rose to above $80 a barrel Wednesday, helped by the weaker dollar and a report pointing to a drop in U.S. crude supplies.
Oil edges lower ahead of Fed meeting AP (November 03, 2009) (AP) - Oil prices edged lower Tuesday as a stronger dollar cooled the money flow into energy markets that has propped up crude prices for months.
Marathon production rising; profits tumble AP (November 03, 2009) (AP) - Marathon Oil said Tuesday that its third quarter profit plunged from a year ago when record-high prices sent gasoline prices over $4 per gallon.
SD regulators to hold public hearing on pipeline AP (November 03, 2009) PIERRE, S.D. (AP) - The Public Utilities Commission gets comments from the public Tuesday evening in Pierre on the $920 million, 313-mile stretch of the Keystone XL pipeline that TransCanada Keystone plans to build across western and south central South Dakota.
ArcelorMittal vows not to shut European plants AP (November 03, 2009) BRUSSELS (AP) - ArcelorMittal SA, the world's largest steel maker, told trade unions Tuesday that it does not plan to shut down any of its European plants.
Oil hovers near $78 amid positive US economic data AP (November 03, 2009) SINGAPORE (AP) - Oil prices hovered near $78 a barrel Tuesday in Asia as investors welcomed new U.S. manufacturing and construction figures as positive signs of an economic recovery.
Exxon Mobil 3Q profit drops 68 pct, production up AP (October 29, 2009) NEW YORK (AP) - The world's largest publicly traded oil company said Thursday that oil production is bouncing back with crude prices.
Shell Q3 profit falls 62 pct, to cut 5,000 jobs AP (October 29, 2009) AMSTERDAM (AP) - Royal Dutch Shell PLC, Europe's largest oil company, reported Thursday a 62 percent fall in profit for the third quarter due to lower oil prices, and said it plans to cut 5,000 jobs to cope with continuing weakness in the global economy.
Natural gas stocks climb to record high AP (October 29, 2009) NEW YORK (AP) - Natural gas stockpile levels rose last week to a new high, the government said Thursday.
Barrick Gold posts 3Q loss on hedging charges AP (October 29, 2009) NEW YORK (AP) - Barrick Gold Corp. on Thursday reported a third-quarter loss of $5.35 billion on a huge charge related to the unwinding of gold hedges which had committed it to sell gold at prices that now seem unusually cheap.
Alcoa working with China on commercial jetliner AP (October 29, 2009) NEW YORK (AP) - Alcoa Inc. said Thursday it is working with China on the development of the country's newest and biggest commercial jetliner.
Oil hangs below $78 amid demand doubts AP (October 29, 2009) SINGAPORE (AP) - Oil prices hung below $78 a barrel Thursday in Asia as an unexpected jump in U.S. gasoline supplies cast doubt on the strength of a recovery in crude demand.
Newmont Mining 3Q profit more than doubles AP (October 29, 2009) DENVER (AP) - Newmont Mining Corp. said Thursday that its profit more than doubled in the third quarter as the gold producer capitalized on favorable commodity prices and strong gold and copper sales.
Energy prices fall ahead of govt supply report AP (October 28, 2009) (AP) - Energy prices fell Wednesday ahead of a government report that could show whether supplies of crude and gasoline are growing tighter as prices at the pump rise.
1st Mont. license to grow hemp issued to woman AP (October 28, 2009) BILLINGS, Mont. (AP) - Montana this month issued its first license for an industrial hemp-growing operation to a woman who said she wants to develop a domestic market for the plant despite federal law barring its cultivation.
ArcelorMittal sees profit after 3 quarterly losses AP (October 28, 2009) BRUSSELS (AP) - ArcelorMittal SA, the world's largest steel maker, on Wednesday posted a $903 million profit in the third quarter, its first after three consecutive quarterly losses, as it saw the first signs of a gradual recovery in demand.
ConocoPhillips 3Q profit tumble; production jumps AP (October 28, 2009) COLUMBUS, Ohio (AP) - ConocoPhillips said Wednesday that low natural gas prices and thin margins from its gasoline refining business drove profits down 71 percent in the third quarter, but the oil company is ramping up production as crude prices jump.
Oil below $79 on mixed signs for US recovery AP (October 28, 2009) (AP) - Oil prices fell below $79 a barrel Wednesday amid mixed signals about the strength of the U.S. economic recovery and the dollar's gains against other major currencies.
Valero margins get squeezed, loss widens AP (October 27, 2009) NEW YORK (AP) - The largest independent petroleum refiner in the U.S. reported a loss for the third quarter Tuesday with crude prices rising sharply over the past three months even as the country used less energy and Americans traveled less.
Ecuador to Europe: Pay us not to drill in Amazon AP (October 27, 2009) QUITO, Ecuador (AP) - Ecuador's president is in London this week to promote a unique proposal: pay his country $3 billion not to drill for oil in a pristine Amazon reserve.
BP 3rd-qtr profit down by a third, tops forecasts AP (October 27, 2009) LONDON (AP) - BP PLC, Europe's second-largest oil company, reported higher than expected profits in the third quarter though earnings were depressed by the sharp fall in oil and gas prices in the past year.
Oil falls to near $80 for third day of losses AP (October 26, 2009) SINGAPORE (AP) - Oil prices slipped to near $80 a barrel Monday in Asia as traders looked to this week's company earnings and U.S. economic data for evidence that justifies last week's jump to a 2009 high.