ThinkstockIn 2012, the U.S. imported nearly 3 million barrels of oil a day from Canada. The Keystone XL pipeline, if it is approved, would increase that total by 830,000 barrels, but without…
courtesy of Chevron Corp.Following a November 2011 leak of about 3,600 barrels of oil from a rig offshore of Brazil, Chevron Corp. (NYSE: CVX) and driller Transocean Ltd. (NYSE: RIG) were slapped…
ThinkstockWith the price of crude consistently over the $100 mark this year, we wanted to find the companies that had increased their production the most. While simply increasing production does not guarantee…
ThinkstockThe run-up in crude oil prices that got rolling in mid-April has pushed West Texas Intermediate (WTI) crude prices from around $87 a barrel to almost $110 a barrel. That is a…
ThinkstockEliot Spitzer’s loss in his attempt to become New York City comptroller proves that brands still matter. His brand disintegrated in about the same way as BP PLC’s (NYSE: BP) did. One or two huge…
Wikimedia CommonsEven if crude prices are at two-year highs, $110 per barrel crude has done nothing to help most oil stock prices. Exxon Mobil Corp.’s (NYSE: XOM) share price is down 5%…
ThinkstockHercules Offshore, Inc. (NASDAQ: HERO) announced on Tuesday that it is experiencing a well control incident in the Gulf of Mexico. Unfortunately, this is likely to bring up fears of the BP…
Jon C. Ogg ThinkstockA federal judge in New Orleans has denied a motion by BP plc (NYSE: BP) to suspend payments to some claimants for damages suffered as a result of the 2010 disaster in…
Paul Ausick ThinkstockIn what may be a Pyrrhic victory, Anglo-Dutch oil supermajor Royal Dutch Shell plc (NYSE: RDS-A) is the market leader among branded gasoline sellers in the U.S. for the first half of…
ThinkstockThe U.S. Federal Trade Commission (FTC) has reportedly initiated a formal investigation into the way oil and refined product benchmark prices are set. The investigation parallels one begun earlier this year in…
ThinkstockRussia’s state-controlled oil giant Rosneft has signed a 25-year deal to supply $270 billion worth of crude oil to China, and the country’s largest independent natural gas producer, Novatek, has agreed to…
Paul Ausick ThinkstockThe process for setting benchmark oil prices has never been particularly transparent, depending as it does on self-reporting by traders of offer and sale prices to energy pricing agencies like Platts, a…
ThinkstockRecent information from Japan and the United Kingdom shows that accelerated recoveries from deep recessions are underway. There may be a way to track how these governments worked to turn around their…
ThinkstockLast year was a good year for oil and gas stocks, but unless a company had a refining and marketing operation, it was not a great year. Share prices rose by at…
ThinkstockTwo days ago, officials of the European Commission (EC), the executive arm of the European Union, raided the offices of Royal Dutch Shell PLC (NYSE: RDS-A), BP PLC (NYSE: BP), Statoil ASA…
