So far this year we’ve noted a couple of major spin-offs in the energy section. Marathon Oil Corp. (NYSE: MRO) spun out its downstream business into Marathon Petroleum Corp. (NYSE: MPC) and…
A barrel of oil contains about six times as much energy as a thousand cubic feet of natural gas. By that metric, at today’s WTI price of around $90/barrel, natural gas should…
What would become Lee is currently posing a threat the entire Gulf Coast again in the Gulf of Mexico. The East Cost just had to deal with Irene and is now looking…
None of China’s three largest oil companies is having a particularly good year as far as refining profits go. China Petroleum & Chemical Corp. (NYSE: SNP) — known as Sinopec — reported…
Russian oil giant Rosneft and US oil supermajor Exxon Mobil Corp. (NYSE: XOM) are reported to have reached an agreement that will give Exxon access to oil deposits off the Arctic coast…
The fund set aside for claims related to the Deepwater Horizon incident has paid out $5.551 billion to settle 359,441 claims paid to 204,434 claimants. The figures were issued as part of…
Douglas A. McIntyre In 2007 a Russian submarine planted a flag on the sea floor underneath the North Pole, and the country claimed the North Pole as Russian territory. Now Denmark/Greenland is preparing its own…
Jon C. Ogg Well, it looks like the Gadhafi family has all but lost Libya to the rebels. Earlier this year when the actions were intensifying, even before the unified strikes against the leadership there,…
This past weekend’s startling developments in Libya hit the crude oil markets almost instantly. Brent crude in Europe fell to around $105/barrel at one point, while WTI crude has gained about half…
Transocean Ltd. (NYSE: RIG) must think that its dispute with BP plc (NYSE: BP) over responsibility for the explosion of its Deepwater Horizon platform in April 2010 is either going to take…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. Adobe Systems Inc. (NASDAQ: ADBE) Cut to Underperform at RBC. Alcatel-Lucent…
High prices have finally contributed to curing high prices in the world’s crude oil market. The gloomy economic forecasts for the second half of 2011 have combined with $120/barrel prices for Brent…
Yesterday’s crashing market sent crude oil to its lowest close in eight months. WTI crude fell even further this morning, to below $76/barrel before turning around to rise above $82/barrel at mid-morning.…
2.25 PM Comments from the Fed killed the rally, and the DJIA dropped into negative territory. The central bank will keep interest rates low through mid-2013, but it did not indicate any…
Plans for a budget vote by Republicans in the House fell apart (Reuters) Moody’s threatened to downgrade Spain (Reuters) BSkyB will have a $1.6 billion share buyback (Reuters) S&P said the U.S.…