Posts Tagged ‘Oil’

Markets dance with new highs as busy week on tap

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. equity markets started Monday at or near post-financial crisis highs, and are gearing up for a busy week ahead. Stocks turned in an impressive week on improved economic data and a new bailout for Greece. Markets ended the week Friday with [...]

Enbridge buys $1.15B Seaway oil pipeline stake

Canadian gas distributor and oil pipeline company Enbridge Inc. says it will pay $1.15 billion US to buy half ownership in the Seaway crude pipeline system between Texas and Oklahoma from U.S. oil giant ConocoPhillips. View full post on Canada Business Stories

Lawsuit looks to stop Keystone preparations

Three American conservationist groups contend in a lawsuit that U.S. officials illegally allowed a Canadian company to begin preparing the route for its proposed 2,730-kilometre oil pipeline from Western Canada to Texas even though the project hasn’t gained final government approval. View full post on Canada Business Stories

USA : USW Delegates Set National Oil Bargaining Policy

Source: USW View full post on Business Stories

Oil speculators cash in: China exec

Oil market speculators are cashing in on unrest in the Middle East, which is driving prices higher even though crude supplies are unlikely to be cut, says a Chinese oil executive. View full post on Finance Stories

Oil plunges $3 on Libya ceasefire

Oil prices are tumbling after Libya’s foreign minister declared a cease-fire and said the government would stop military operations. View full post on Canada Business Stories

Oil down as Egypt violence subsides

Oil prices fell for a third day Monday as an uneasy calm settled over Egypt and investor worries about the pace of U.S. recovery resurfaced. View full post on Canada Business Stories

Investors warn over deep water drilling risks

Oil companies operating in deep water must do much more to reassure shareholders that they are not taking excessive risks that could put them out of business. View full post on UK Business Stories

Morning meeting: BP’s Rosneft deal met with US anger

BP’S deal with Russia’s Rosneft to explore for oil in the Arctic was met with howls of protest from US politicians who already had it in for the British company after the Gulf of Mexico disaster. View full post on Business Stories

Italy, Venezuela Ink Major Oil Deal

AHN News Staff Caracas, Venezuela (AHN) – In what could be the largest joint investment between Italy and Venezuela, energy giants of both countries have signed an agreement to develop crude oil fields and to construct a refinery. The $17 billion deal was signed between Italian energy company ENI and Venezuelan state-owned oil company Petroleos [...]