The national debate on the Keystone XL pipeline enters the courtroom, as Nebraska landowners sue their state over how the pipeline project could be approved.
The American Petroleum Institute has again called on Washington to increase domestic production of oil on both federal and public lands, to help consumers by bringing gasoline prices down even further.
Ifeadi called the Chinese scavengers who were taking jobs that should be the exclusive preserve of Nigerian people.
Among other options being considered by senior officials in the UK government's National Security Council is the deployment of the Royal Navy in the Middle East.
Good news out of Iran on Tuesday helped add to crude oil's price decline, already spurred by economic woes plaguing Europe.
Comments regarding a rebound in the Chinese economy from the Organization for Economic Cooperation and Development lifted stocks earlier Tuesday and kept Asian and European bourses in the green. The comments came after Chinese Prime Minister Wen Jiabao said last weekend his government would focus more on growth than inflation.
Asian shares fell steeply Friday after more signs emerged of growing instability among Spanish banks and political turmoil in Greece, with the latest sluggish economic data from the United States adding to the list of risks for investors.
Commodities prices fell Wednesday as investors, preparing for the fallout from an expected Greek exit from the euro zone, abandoned industrial and precious metals for the safety of German and U.S. government debt.
Investors spent most of Tuesday tip-toeing back into risky assets before suddenly losing their nerve about two hours before the closing bell and retreating, for the second day in a row, to German bunds and U.S. Treasurys.
India imports crude oil from about 30 nations.
Political discord in Greece, voters punishing German Chancellor Angela Merkel's Christian Democrats, lower euro zone manufacturing output and China freeing up cash for lending all contributed to a global stocks slide as investors pursued the safe havens of government debt and the dollar.
The almighty dollar was the investment of choice Monday morning, as international investors - in a classic flight to safety after various major news breaks last week - piled into greenback-denominated cash and cash equivalents.
Concho Resources Inc. (NYSE: CXO) will buy all of the oil and natural gas assets of Three Rivers Operating Company LLC for $1 billion in cash, increasing Concho's production by 7,000 barrels of oil a day, the company announced Sunday.
Concho Resources Inc. (NYSE: CXO) has agreed to acquire all the crude-oil and natural-gas assets of the Three Rivers Operating Co. and certain affiliated entities for $1 billion in cash, Concho announced Sunday.
Pirates based on the coast of northern Somalia hijacked a Greek-owned oil tanker in the Arabian Sea with a crew of 15, mostly Indians and Filipinos.
China's announcement that construction was down and manufacturers bought less factory equipment in April drove oil prices down and caused concerns that the global economy was slowing down. These concerns were reflected in market activity.
