More tests are needed to determine the size of the latest natural gas find by ConocoPhillips in the North Sea, Norwegian government officials announced Monday.
U.S. stock index futures pointed to a weaker open for equities on Wall Street on Monday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.8 to one percent.
Venezuelan President Hugo Chavez said his government is willing to sit down with Exxon Mobil Corp. officials after years of tension following the nationalization of the country's oil industry.
Toronto's main stock market index closed lower on Wednesday as a new wave of fears about Europe's debt crisis hurt miners and banking shares, offsetting gains in the oil and gas sector.
Enbridge Inc. and TransCanada Corp. have raced forward with new pipeline plans in the fierce battle to unclog a year-long U.S. oil bottleneck, which could quickly end an unprecedented distortion in crude markets.
Crude oil prices slightly eased in Asian trading Thursday, after surging to a five-month high of $102.59 a barrel in Wednesday's North American session.
ConocoPhillips plans to sell its interest in two U.S. pipeline companies for $2 billion as part of its strategy to shed assets it no longer considers strategic.
In a recent tour of Capitol Hill and New York City, Alberta Premier Alison Redford stated Tuesday she hopes the Keystone Pipeline will play part of a larger integrated North American energy strategy.
Gasoline and diesel prices fell in the Portland, Oregon, market as two refineries finished seasonal overhauls, traders said.
Increasing shale play in the region has environmentalist increasingly concerned and towns thrilled.
Wholesale gasoline differentials gained 0.5 cent a gallon on Monday on a malfunction at a Los Angeles refinery, traders said.
ConocoPhillips the third-largest U.S. oil company, reported a much higher-than-expected quarterly profit on strength in its refining business, sending its shares up 2 percent.
Stock index futures rose on Wednesday after the S&P fell 2 percent in the previous session as optimism about corporate earnings offset concerns about an upcoming meeting of European leaders to tackle the region's debt crisis.
Stock index futures rose on Wednesday after the S&P fell 2 percent in the previous session as optimism about corporate earnings offset concerns about the results of a meeting of European leaders to tackle the region's debt crisis.
Stock index futures pointed to a higher open for equities on Wall Street on Wednesday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.6 to 0.8 percent.
The companies that are expected to see active trade on Wednesday are: Automatic Data Processing, Boeing, Sprint Nextel, Amazon.com, Ford Motor, Lockheed Martin, FMC Technologies, Akamai Technologies, CA, ConocoPhillips, Exelon Corp and General Dynamics Corp.