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Oil Prices Sink to the Lowest

A fall in oil prices might give Americans some relief while driving their cars more but along with it, it will shake their confidence about American economy. Oil prices per barrel settled at about 30 percent less than the high … Continue reading →

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Clinton presses world to shut tap on Syrian oil
Khaleej Times

2011-08-13

WASHINGTON ' The United States stepped up calls Friday for a global trade embargo on oil and gas from the Middle East nation, warning even some of America's closest allies that they must 'get on the...

Another Oil Leak Reported At China's Largest Offshore Well
Yahoo Daily News

2011-08-13

ConocoPhillips China, the subsidiary of the Houston based oil major (COP), said there was yet another leak at one of its oil wells in Bohai Bay, Shanghai Daily reported the company as saying Saturday....

Shell fighting oil leak in North Sea
Herald Tribune

2011-08-13

AMSTERDAM - Royal Dutch Shell PLC said Friday it is trying to stop oil leaking from a flow line at one of its drilling platforms in the North Sea off the coast of Scotland. Spokesman David Williams...

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Oil above $84 amid signs of improving US demand
Herald Tribune

2011-08-11

SINGAPORE - Oil prices rose above $84 a barrel Thursday in Asia amid signs global crude demand may be stronger in the second half than previously expected. Benchmark oil for September delivery was up...

Energy Dept. says crude oil and gasoline supplies fell last week
Star Tribune

2011-08-10

NEW YORK - The nation's crude oil and gasoline supplies shrank last week, the government said Wednesday. Crude supplies dropped by 5.2 million barrels, or 1.5 percent, to 349.8 million...

Interior Secretary Salazar says Obama backs more oil drilling in Alaska
Kansas City Star

2011-08-09

More News Interior Secretary Ken Salazar came to Anchorage on Monday and said the Obama administration supports more oil drilling in Alaska, potentially including offshore Arctic development. Salazar...

Oil spill threatens Mumbai coast
The Telegraph India

2011-08-07

Mumbai, Aug. 7: Oil spills have been reported from two ships off the Mumbai coast, with patches of oil reaching Juhu beach this morning and confronting the city with an ecological threat. The Juhu...

Oil falls as investors focus on weak economy
The Himalayan

2011-08-06

Added At: 2011-08-06 9:40 AM Last Updated At: 2011-08-06 9:40 AM...

Oil below $92 on grim US, Europe economic outlook
Herald Tribune

2011-08-04

SINGAPORE - Oil prices extended losses below $92 a barrel Thursday in Asia amid investor concern economic growth in developed countries may be grounding to a halt. Benchmark oil for September delivery...

Energy Dept. says crude oil and gasoline supplies rose last week
Star Tribune

2011-08-03

NEW YORK - The nation's commercial crude oil and gasoline supplies rose last week, the government said Wednesday. Crude supplies increased by 1 million barrels, or 0.3 percent, to 355 million...