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 ‘oil’
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 »Stocks poised to slip on oil prices, Europe woes
April 5th, 2011 satterthwaite2 Stocks look ready to drop at the opening of trading on Tuesday with oil prices hovering near 30-month highs, a rate hike in China and new developments in Europe’s debt crisis.
BP shares hit by manslaughter report, downgrade
March 29th, 2011 satterthwaite2 Shares in oil major BP (LSE:BP.L – News) fell on Tuesday on a report the company’s managers could face manslaughter charges following the Gulf of Mexico oil spill, which could lead to much higher fines over the disaster.
Stock futures rising following gains overseas
March 24th, 2011 satterthwaite2 Stocks appear headed for a higher open following gains in European and Asian markets.
Oil rises $2 as Western powers strike Libya
March 21st, 2011 satterthwaite2 Oil prices rose by over $2 a barrel on Monday as a wave of U.N.-mandated airstrikes on Libya and proliferating unrest in the Middle East fanned concerns about oil supply from the region.
“The Rockefeller Dynasty” Part 2/2
March 20th, 2011 satterthwaite2 The family name has stood for money and power since John D. Rockefeller built one of America’s great fortunes with Standard Oil Co. Subsequent generations have continued to hold sway in politics, finance and philanthropy. (Part 2 of 2)
