Oil Hits Five-And-A-Half-Year Lows On Supply Glut
January 05 2015 6:37 AM EST
Lackluster economic data from the U.S. on Friday fueled worries about the state of the global economy and the strength of oil demand.
Cheap Gas To Drive Huge Savings: AAA
January 01 2015 4:05 PM EST
The American Automobile Association predicts that American consumers will save up to $75 billion on gasoline in 2015 as oil prices remain low.
Oil Falls Below $57, Heads For Biggest Annual Drop Since 2008
December 31 2014 5:53 AM EST
Global benchmark Brent crude has fallen 49 percent in 2014.
India’s Kudankulam Nuclear Reactor Starts Generating Electricity
December 31 2014 5:33 AM EST
The $1.2 billion new reactor is expected to provide electricity to southern Indian states, including Tamil Nadu, Karnataka and Kerala.
BP Reviews Forex Desk In Light Of Regulatory Probe
December 31 2014 12:03 AM EST
The European Commission also has been investigating allegations that BP manipulated oil and biofuel prices.
Ukraine Denies Radioactive Leak At Zaporizhzhya Nuclear Plant
December 30 2014 2:59 PM EST
Earlier this month, Ukrainian authorities reported an accident at the plant but said it represented no danger to health or the environment.
US Agency Gives Quiet Nod To Light Oil Exports: Report
December 30 2014 7:44 AM EST
The message marks the first sign that the US is becoming comfortable about allowing firms to work around the nation’s four-decades-old ban.
Low-Risk 'Worm' Removed At Hacked South Korea Nuclear Operator
December 30 2014 7:02 AM EST
Authorities have found evidence that a low-risk computer ‘worm’ had been removed from devices connected to some nuclear plant control systems.
Oil Hits Five-And-A-Half-Year Low Below $57 On Supply Glut
December 30 2014 6:39 AM EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
Saudi Oil Minister Ali al-Naimi blamed falling oil prices on speculators and lack of cooperation from non-OPEC members