Oil rises above $101 a barrel in Asia amid rising Iran tension, improving US economy

2011-12-05
Oil rises above $101 a barrel in Asia amid rising Iran tension, improving US economy Text Size PrintE-mailReprintsBy Associated Press, Monday, December 5, 1:38 PMSINGAPORE — Oil p ...

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2011-12-01
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Oil below $98 after pessimistic China comment

2011-11-21
SINGAPORE (AP) — Oil prices hovered below $98 a barrel Monday in Asia after a Chinese leader said a long global recession is certain.Benchmark crude for December delivery was up 1 ...

Oil Heads for First Weekly Drop Since September on European Debt

2011-11-18
Nov. 18 (Bloomberg) -- Oil headed for the first weekly decline since September in New York as signs Europe’s debt crisis is spreading countered speculation economic recovery in th ...

Oil hovers near $99 amid Europe debt optimism

2011-11-14
SINGAPORE -- Oil prices hovered near $99 a barrel Monday in Asia amid optimism new leaders in Greece and Italy will help Europe at least temporarily contain its debt crisis.Benchm ...

Enbridge’s Oil-Sands Pipeline Gains from Expanded Review of Keystone XL

2011-11-11
Enbridge Inc. (ENB) may win more customers and better financial terms for its new oil-sands pipeline project while an expanded government review delays TransCanada Corp. (TRP)’s r ...

Oil above $95 as month-long 27 pct rally pauses

2011-11-08
SINGAPORE (AP) — Oil prices hovered above $95 a barrel Tuesday in Asia as investors mulled whether slowing global economic growth justifies further gains after crude surged 27 per ...

Oil prices rise on more encouraging economic news

2011-11-04
NEW YORK (AP) — Oil prices rose sharply Thursday on hopes that the economies of the U.S. and Europe could recover and avoid another recession. Jobless claims fell and factory orde ...

Oil Falls a Fourth Day on Concern Greek Vote Raises Default Risk

2011-11-02
Nov. 2 (Bloomberg) -- Oil fell in New York for a fourth day, the longest losing streak in three months, on concern a Greek referendum on Europe’s rescue plan will worsen the regio ...

Oil prices drop on stronger dollar, weaker demand

2011-10-31
The U.S. dollar climbed to a three-month high against the yen on Monday after Japan intervened in currency markets to stem the yen's rise. The U.S. dollar index .DXY also rose aro ...

Shell's Q3 profits soar on higher oil price

2011-10-27
(Reuters) - Royal Dutch Shell Plc (RDSa.L) reported a doubling in profits on Thursday thanks to higher oil prices, robust demand for gas and stronger refining margins, and said it ...

Oil Gains a Second Day Before Europe Summit; Brent Spread Widens

2011-10-24
Oct. 24 (Bloomberg) -- Oil rose for a second day in New York before European leaders meet this week to agree on a blueprint to tackle the region’s sovereign debt crisis. London- t ...

Oil hovers above $86 in Asia ahead of European summit to hash out debt crisis plan

2011-10-21
SINGAPORE — Oil prices hovered above $86 a barrel Friday in Asia ahead of a summit this weekend where European leaders will try to agree on a plan to contain their region’s debt c ...

Oil Snaps Rally as U.S. Stocks May Rise; Goldman Sees Brent Gain

2011-10-19
Oct. 19 (Bloomberg) -- Oil snapped a rally to the highest price in more than a month as forecasts of rising U.S. crude inventories countered speculation Europe may contain its deb ...

Cleanup in bay after oil spill; disaster fund nears

2011-10-17
BEIJING / NANJING - The latest oil spill to hit China's northeastern coast was brought under control and cleaned up in about 24 hours, authorities have said.The leak, which happen ...

Oil Executive Promotes Shale Gas to Europeans

2011-10-13
LONDON — A senior executive from Exxon Mobil warned Wednesday that Europe could miss a chance to reduce its dependence on imported energy by making it too difficult to develop sha ...

Oil Gains a Fourth Day After European Pledge to Contain Debt

2011-10-10
Oct. 10 (Bloomberg) -- Oil climbed for a fourth day in New York as investors bet that fuel demand may increase after a pledge by Europe to contain its sovereign-debt crisis and si ...

Oil workers describe floating for days in Gulf

2011-10-08
(AP) HOUSTON — When waves as high as 40 feet disabled the 94-foot research vessel Jeremy Parfait and nine other oil workers were on in the Gulf of Mexico last month, he knew there ...

Oil Industry’s Worst Slump Since Lehman May Herald Takeover Wave

2011-10-06
Oct. 6 (Bloomberg) -- The oil and gas industry’s worst slump since the financial crisis heralds a surge of takeovers for Goldman Sachs Group Inc. and Sanford C. Bernstein Co. as A ...

High oil prices reduce scope for easing interest rate: RBI

With international oil prices continuing to remain high, the Reserve Bank may not have much scope to reduce interest rates in its forthcoming mid-year monetary policy review next ...