Posts Tagged ‘Oil’

Iraq opens giant Halfaya oil field for production

Iraq on Wednesday began operations on the Halfaya oil field, a facility built by China’s National Petroleum Corporation, in the southern Maysan province, said Deputy Prime Minister Hussein Al-Shahristani after the inauguration ceremony. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Norway intervenes to end oil worker strike over pension

Norway, the world’s fifth largest oil exporter, on Monday used its emergency power to bring striking oil and gas workers back to work, ending a 16-day-long dispute between energy companies and trade unions over pensions. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Oil falls below $90 for first time in 7 months

The price of oil fell below $ 90 in U.S. trading Wednesday for the first time in almost seven months as U.S. stores continue to swell. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

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