Oil Hits Five-And-A-Half-Year Low Below $57 On Supply Glut
December 30 2014 6:39 AM
Brent crude oil fell to a 5-1/2-year low on Tuesday as a global supply glut outweighed concerns of lost supply from Libya.
How Long Will Gas Prices Stay Low?
December 29 2014 3:12 PM
Energy experts and analysts say U.S. consumers should expect gas prices to remain low through much of 2015.
3 Workers Die At South Korean Nuclear Power Plant After Suspected Leak
December 26 2014 7:43 AM
The accident occurred just a week after state-run Korea Hydro and Nuclear Power Co. was threatened by anonymous hackers.
Saudi Arabia’s Biggest Deficit Ever: No Big Deal
December 25 2014 5:09 PM
The country could outlast years of low oil prices using its massive cash stockpile of $750 billion.
South Korea Seeks China's Cooperation In Probe Into Cyberattack On Nuclear Operator
December 24 2014 4:22 AM
South Korea had traced multiple Internet addresses involved in the cyberattack to a northeastern Chinese city near North Korea.
Arab OPEC Sources See Oil Back Above $70 By End-2015
December 23 2014 4:26 AM
Oil prices could begin finding a new equilibrium by the end of 2015, even in the absence of any production cuts by OPEC.
BP Says Lower Oil Prices Should Lower Its Gulf Spill Fine
December 22 2014 2:43 PM
Should BP pay a lower penalty for the 2010 Gulf of Mexico spill because oil prices are down? The company thinks so.
How The Magnitude Of Oil’s Decline Will Rock Emerging Markets
December 22 2014 11:57 AM
The global decline in crude oil prices is beginning to reveal consequences around the globe — far beyond the Russian ruble crisis.
Will Direct Transfers Help Reduce India's Subsidy Bill?
December 22 2014 5:49 AM
India prepares to transfer subsidies on cooking gas to consumers' bank accounts even as its public distribution system continues to totter.
Brent Climbs Toward $63 Amid Stronger Asia Markets
December 22 2014 3:42 AM
Analysts predict prices will remain over $60 barrel for the rest of the year, but also say further large jumps are unlikely.
Britain Weighs Up Oil Industry Calls For North Sea Tax Breaks
December 22 2014 2:41 AM
Britain is considering reducing the tax bill for oil explorers in the North Sea including a proposal from the industry to halve rates.
Saudi Arabia Says Won't Cut Oil Output
December 21 2014 2:01 PM
Saudi Oil Minister Ali al-Naimi blamed falling oil prices on speculators and lack of cooperation from non-OPEC members
India Looks To Sway Americans With Nuclear Power Insurance Plan
December 20 2014 1:26 AM
India is offering to set up an insurance pool to indemnify global nuclear suppliers against liability in the case of a nuclear accident.
Enviros Dismayed By EPA Coal Ash Ruling
December 19 2014 4:17 PM
Federal regulators classified the byproduct of coal-burning power plants as solid waste. Green groups call it a weak first step.
Crude Hits $63 As Oil Firms Slash Projects
December 18 2014 11:07 AM
A Goldman Sachs analysis this week found that low oil prices could put almost $1 trillion in future oil and gas projects at risk.
Dow Skyrockets As Oil Prices Rally
December 18 2014 10:48 AM
The Dow soared Thursday after global; crude oil prices bounced back from five-year lows earlier this week.
New York Fracking Ban Could Embolden Critics
December 18 2014 10:46 AM
Increasing public and environmental concerns have led to moratoriums on fracking in some U.S. counties over the past decade.
Russian Oil Chief Denies Rosneft's Role In Ruble Collapse
December 17 2014 10:09 AM
Igor Sechin, head of Russia's biggest oil producer, said such speculation is a "provocation."
Repsol To Buy Talisman Energy For $13B
December 16 2014 6:29 AM
Analysts said the Spanish company had paid a hefty price for Talisman.
Ruble Plunges To 16-Year Low After Drastic Rate Hike
December 16 2014 1:18 AM
The hike is seen as a desperate move by Russia to rescue its economy from the dual impact of plunging oil prices and Western sanctions.