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US, states may demand more money from BP to cover oil damages

HOUSTON ,June 14-Shares of BP fell by more than 7% on Monday on the New York Stock Exchange, as state and federal governments may demand that the company pay more money to cover damages caused by the oil spill in the Gulf of Mexico. The White House plans to pressure BP to fund an ...

US chem stocks recover as Dow Jones closes above 10,000

HOUSTON ,May 25-Several US chemical stocks recovered from steep losses and even rose after the Dow Jones Industrial Average staged a comeback in the final hours of trading, limiting an initial 292 point drop to 23 points. The last-minute run brought the Dow Jones down to 10,044. ...

Europe chemical stocks down as markets fall over euro debt fears

LONDON ,May 25-Stocks in the European chemical sector were being dragged down by a sharp fall in the global markets on Tuesday as fears over the eurozone's debt problems continued. In early afternoon trading the Dow Jones Euro Stoxx Chemicals index was trading down 3.43%, ...

OPEC weekly oil price decreases significantly

VIENNA, May 10 - The weekly average oil prices of the Organization of Petroleum Exporting Countries (OPEC) dropped sharply last week, falling by 2.45 U.S. dollars to 80.91 dollars per barrel compared to the previous week, the Vienna-based cartel said Monday. Except for a slight ...

Oil falls towards $82 on high U.S. stockpiles, firm dollar

May 5-The dollar surged to a one-year high against a basket of six major currencies .DXY. It climbed to its strongest since last May against the Swiss franc as share markets around Asia lost ground on heightening fears that Greece's debt woes could spread to other countries. U.S. ...

Oil slumps for third day on euro fear, errant trade

May 6-Oil recouped some of the more than $5 a barrel losses it suffered after a sudden mid-afternoon rout said to have been caused by an errant stock market trade, but crude still ended the day at its lowest since mid-February in near-record volume as the dollar rose and other ...

Crude prices trade flat as euro falls against U.S. dollar

NEW YORK, April 22-Oil prices traded flat on Thursday as the euro fell against the U.S. dollar while the stock market pared earlier losses. The euro dropped to near one-year lows against the U.S. dollar after Moody's cut Greece's sovereign rating. U.S. crude oil inventories rose ...

Oil market tightening, OPEC may not need to act: Saudi

March 23 - Oil demand is picking up as global recovery strengthens, allowing OPEC to take no action on supply this year, the group's biggest producer Saudi Arabia said as the producers prepared to rubber stamp existing targets. "We have been sailing very well and we will continue ...

Crude prices finish slightly higher as U.S. stocks rise

NEW YORK, March 23 - Oil prices managed to finish slightly higher on Tuesday as rising stock prices boosted investor sentiment. Crude prices below 81 U.S. dollars in the day as the U.S. dollar strengthened against other currencies but ended slightly higher as U.S. stocks ...

Schlumberger sees gas drill growth in Smith deal

SAN FRANCISCO - Oilfield services leader Schlumberger Ltd aims to gain market share in shale gas drilling with its purchase of rival Smith International Inc, and expects few antitrust hurdles for the takeover. Investors' belief in the deal's potential gained traction on Monday, ...

Clean energy funds in first fall in 6 years: report

LONDON. Jan, 7 - Global investment in low-carbon energy dipped in 2009 after five years of annual increases fueled by a political response to climate change and high oil prices, a report found on Thursday. Public and private investment in clean energy dominated by wind energy ...

EIA to offer first oil demand forecast for 2011

WASHINGTON - The U.S. government's energy agency may be the first to revise up its oil demand growth forecast for 2010 this week, but it is the group's first view of 2011 fundamentals that could garner the most attention. With the global economy showing signs of recovery, oil ...

Brazilian oil giant to seek oil in deep waters of Uruguay

BRASILIA, Dec. 8 - Brazil's state-owned oil and gas giant Petrobras, the largest company in the country, will look for oil in deep waters of Uruguay, a company official said Tuesday. A contract for this purpose will be signed later this week, said Jorge Zelada, director of the ...

Indonesia's Bumi to raise $300 mln from convertible bonds

JAKARTA, Nov 23 - Indonesian coal miner PT Bumi Resources Tbk (BUMI.JK) said on Monday it plans to raise $300 million from the sale of seven-year convertible bonds. The firm said in a statement to the stock exchange that the bonds, which will be issued by fully-owned unit ...

Australia's Cue Energy to list in New Zealand

WELLINGTON, Oct 20 - Australian oil and gas producer Cue Energy (CUE.AX) will list on the New Zealand stock exchange to allow local investors a chance to invest in its New Zealand oil field, the company said on Tuesday. Cue Energy, which also has oil and gas assets in Australia, ...

OPEC weekly oil prices reach new peak of this year

VIENNA, Oct. 26 - The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) reached new peak of 76.41 U.S. dollars per barrel last week, increasing by 4.20 dollars compared to the previous week, the Vienna-based cartel said Monday. According to the ...

Oil windfall at heart of tight Norway election

OSLO - Norway's ruling center-left is within reach of becoming the first government to win re-election since 1996 when the North Sea state began investing its oil windfall in an offshore fund. The oil fund has ballooned to $80,000 per citizen, and Norwegians' expectations for ...

IEA sees higher global oil use as economy recovers

LONDON - Global oil demand will be almost 0.5 million barrels per day (bpd) higher than previously forecast this year and next on stronger-than-expected U.S. and Chinese fuel consumption, the International Energy Agency said. The IEA, adviser to 28 industrialized economies, said ...

TSX hits 2009 high as oil boosts energy plays

TORONTO, Sept 15 - Toronto's main stock index rose more than 1 percent on Tuesday to its highest closing level of 2009, as a commodity price rally and firm U.S. data spurred gains in heavily weighted materials, energy and financial shares. The S&P/TSX composite index .GSPTSE rose ...

Oil prices climb slightly last week: OPEC

VIENNA, Sept. 14 - The weekly average OPEC oil prices appeared rebound again last week, but in a very small range. It increased by 0.53 U.S. dollars compared to the previous week to 68.09 dollars per barrel, the Vienna-based cartel said Monday. In the first four trading days of ...
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