Feeds
Satisfying the world's growing energy appetite isn't easy.
Higher oil prices are making it easier for ConocoPhillips to complete a massive transformation this year.
Halliburton can't move away from natural gas fast enough for investors.
One of the biggest suppliers of oil to the United States may shut off the spigot this weekend, pushing crude and gasoline prices higher for Americans.
For the first time, the top export of the United States, the world's biggest gas guzzler, is — wait for it — fuel.
One out of every two cars will be either hybrids or some other alternative-fuel vehicle by 2040, Exxon Mobil predicted Thursday.
Oil prices jumped more than 2 percent Thursday as investors cheered political shake-ups in Greece and Italy, and layoffs appeared to be easing in the U.S.
Oil prices are rising as investors see political shake-ups in Greece and Italy as signs that those countries are taking steps to deal with their massive debts.
Duke Energy Corp. said Thursday that profits declined about 30 percent in the third quarter as power sales fell and it incurred larger-than-estimated costs for a new power plant in Indiana.
Chevron Corp.'s quarterly profit more than doubled as a jump in petroleum prices made up for declining production.
Higher oil prices have masked a slowdown in production among the biggest oil companies.
Exxon Mobil's quarterly profit rose 41 percent because the company sold oil and natural gas at higher prices, making up for lower production.
Occidental Petroleum says its third-quarter net income jumped nearly 50 percent on the back of record domestic production and higher oil prices.
ConocoPhillips' three-year plan to strip the company down to its most profitable parts remains a work in progress, and third-quarter net income slid 14 percent.
General Electric Co. said Friday that a surge in its lending business lifted its profit 18 percent in the third quarter, but its stock price fell on concerns about weak contributions from its manufacturing businesses.
Schlumberger Ltd. said Friday that its third-quarter profit fell 25 percent when compared with year-ago results fattened by a $1.27 billion investment gain.
Enormous oil wealth lies thousands of feet below Libya, but whether it will be claimed, and by whom, now that Moammar Gadhafi is gone is very much an open question.
A five-month slump in oil prices hasn't spooked the petroleum industry so far.
A series of encouraging economic reports sparked oil prices Friday, pushing the benchmark to the highest level in nearly a month.
Oil prices climbed to near $83 per barrel Friday as a volatile week for crude ended with news of a burst of hiring in the U.S.
Oil is lower again, a day after plunging more than 6 percent on fears that a slowing global economy will cut demand.
Oil prices are sliding as the U.S. and Europe clash over how to handle the debt crisis in Greece.
The price of natural gas, a major energy source for power plants, jumped nearly 4 percent Wednesday as power started to come back in the East following widespread outages caused by Hurricane Irene.
East Coast refineries are likely to close in advance of Hurricane Irene's arrival this weekend, analysts say. The shutdowns are already boosting gasoline prices.
Oil is climbing on a rebound in U.S. consumer spending.
Log In | Register
