Oil plunged nearly 5 percent Thursday after the International Energy Agency said it will release 60 million barrels of oil from its reserves to make up for a loss of Libyan exports in global oil markets.
Posts Tagged ‘gas’
Oil falls below $99 ahead of OPEC meeting
June 7th, 2011 
satterthwaite2 Oil prices slipped below $99 a barrel Tuesday amid expectations that OPEC will raise its production quota this week.
Oil falls below $99 per barrel
May 19th, 2011 satterthwaite2 Oil dropped Thursday after an international energy watchdog expressed “serious concern” about the negative effect of higher prices on the global economy.
How the oil industry saves $4.4B a year on taxes
May 12th, 2011 satterthwaite2 Motorists are paying nearly $4 for a gallon of gasoline as the oil industry reaps pre-tax profits that could hit $200 billion this year.
Exxon, Shell profits surge on higher oil prices
April 28th, 2011 satterthwaite2 Exxon Mobil Corp and Royal Dutch Shell Plc posted steep jumps in first-quarter profits and beat analysts’ forecasts, helped by high oil prices and buoyant refining margins.
Posted in The Market 
Tags: apache corp, exxon, gas, occidental petroleum corp, oil, shell 
No Comments »Consumer spending rose 0.7 percent in February
March 28th, 2011 satterthwaite2 Consumers spending rose in February at the fastest pace in four months, but a big part of the increase went to cover higher gas prices.
