The average price of gasoline in the United States has dropped by 11 cents to $2.14 a gallon. That’s the lowest price point since late January, according to a Lundberg survey released on Sunday. The decline continues as oil refinersShow More Summary
Hey APW, I wrote this happy hour hella late this week (burning the midnight oil here) because instead of working last night, we had an APW staff celebration meal with many rounds of absinthe cocktails and fancy foods. Since I arrived...Show More Summary
The first oil has been pumped from a Mexican bulk carrier that has been stranded along Mexico’s rocky Pacific coastline since late October when it ran aground during Hurricane Patricia. Mexico’s environmental agency PROFEPA reports that over the weekend approximately 150 cubic meters of oil was pumped from the wreck of the Mexican-flagged Los Llanitos […] .
When David Vitter isn’t missing votes to visit prostitutes, he’s a paid man of the oil and gas industry. Sen. David Vitter (R-LA), who last month won a spot in Louisiana’s upcoming gubernatorial run-off, made an appearance late last week on the SportsChat radio show out of Acadiana. When the discussion turned to policy, the […]
The rebound in oil prices is still not here, and new data suggests that it will take some more time before the markets start to balance out. Global supplies are still too large to justify a significant rally in oil prices. The latest...Show More Summary
US benchmark WTI drops to a fresh low since late August as US govt reported strong jump in stockpiles.
The investors always seem to be the last to know. Late Friday morning, President Obama and Secretary of State John Kerry announced their rejection of the long-debated Keystone XL Pipeline, which would have carried oil from Canada’s tar sands through the heart of the U.S. Show More Summary
Saudi Arabia is one of the top oil producing countries in the world. However, a professor of history says it may have never earned that reputation if not for a quest to find drinking water in the late 19th century, because of drought and repeated cholera outbreaks.
There's only one thing worse than being a late arrival at a party, and that's being early, which is a good reason for investors to be be careful as they assess whether oil has hit the bottom and can stage a sustainable recovery. After touching a three-month low of $38 a barrel [...]
I am making a presentation to a group of retired UND faculty this morning on the topic of oil and the North Dakota economy. It is more of a free-flowing discussion than a chalk-and-talk format so I will add interesting comments later after I hear them. Oil is clearly a transformative event in the North...
Stocks have sort of stopped falling. After a violent sell-off in late August and another really weak period following the September Federal Reserve meeting, stocks had their best week of the year last week and have started to show signs of life. Show More Summary
There's always uncertainty about the global economy. But lately, that uncertainty has been exacerbated by increasing amounts of evidence that the global economy is slowing down. And that's led to tighter financial market conditions and...Show More Summary
Russia intervened military in Syria is a major escalation of the 54-month war in late September, turning an already thorny situation into something significantly more complex. Notably, many of the geopolitical players directly and indirectly...Show More Summary
Via ConvergEx's Nicholas Colas, Sovereign wealth funds tied to oil producing states have been much in the news of late. With the volatility in energy prices, Norway, Saudi Arabia and Russia have all tapped their SWFs over the course of the year to plug budget shortfalls. Show More Summary
The Federal government released economic data for September late last week. So, happy days are here again, right? The US economy is going great guns, yes? Two words: um, no. As has been the case for the last 7 years, the economy... remains in the freaking toilet. There was one change, […]
On June 14, 1952, a former U.S. navy pilot named John “Buz” Sawyer received a late night phone call from his boss, a Frontier Oil executive named Wright. “Sawyer,” Wright said, “You’re just the fellow we need to handle a little job in Iran.” The job, which involved spraying “a potent
By Aaron Sheldrick TOKYO (Reuters) - Crude oil futures fell in early Asian trade on Wednesday after U.S. inventories showed a weekly buildup that far exceeded analyst expectations. The American Petroleum Institute (API) said late on Tuesday that U.S. Show More Summary
Co-authored by Frank Fuentes On June 2005, upon the initiative of late Venezuelan President Hugo Chavez, the governments of Antigua and Barbuda, Bahamas, Belize, Cuba, Dominica, Dominican Republic, Grenada, Guyana, Jamaica, Saint Kitts...Show More Summary
Shell announced the move late Sunday, describing what the company called "a clearly disappointing exploration outcome" in the Chukchi Sea, which is part of the Arctic Ocean.
By Jonathan Stempel NEW YORK (Reuters) - The Bill & Melinda Gates Foundation has sued Brazil's Petrobras to recoup stock losses stemming from a corruption scandal at the state-run oil company. According to a complaint filed late Thursday...Show More Summary