Oil prices were essentially flat to end the week after Federal Reserve Chairman Ben Bernanke said this week that interest rates will have to be raised when the economy recovers in order to avoid inflation.
It has been the weak dollar that has attracted billions in investments in energy markets this year because oil is priced [...]
By Jennifer Woodford
Tuesday, September 8, 2009 — Boldly going where no state has gone before, North Carolina is moving its biofuels industry from first generation to second generation technologies and a more affordable and available source of fuel for the nation.
First generation biofuels are dependent on sugars, starches, vegetable oil and animal fats as [...]
Three reports say coal is not nearly so abundant, or cheap, as we think it is.
Rising gasoline prices brings usually bring bouts of worry about “peak oil,” the idea that petroleum supplies will peak and then inexorably decline, leading to price shocks.
Recent studies have stirred up similar concerns about peak coal. Stop right there. Peak [...]
LONDON: Crude oil prices rose more than 2% to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock
markets and sustained expectations for a global economic recovery.
US stocks rose, following gains in Europe and Asia driven by data showing China’s manufacturing continued to expand moderately in May. [...]
LONDON (Reuters) – Oil rose more than 2 percent to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock markets and sustained expectations for a global economic recovery.
European stocks were firmer following gains in Asia after data showed China’s manufacturing continued to expand moderately in May. The [...]
Crude futures touch a 7-month high - before retreating slightly - as stock markets soar and the dollar weakens.
NEW YORK (CNNMoney.com) — Oil prices touched 7-month highs Monday as global stock markets surged and the U.S. dollar weakened.
Crude futures were up $1.46 at $67.77 a barrel but had reached as high as $68.29 in [...]
By Edward McAllister Edward Mcallister – Fri May 29, 3:44 pm ET
NEW YORK (Reuters) – Oil rose to a six-month high above $66 per barrel on Friday, marking its largest monthly percentage gain in more than a decade, after U.S., Japanese and Indian data suggested the economic downturn may be easing.
Oil prices jumped [...]
By Tom Doggett
WASHINGTON (Reuters) - U.S. Senator Bernie Sanders has asked the federal futures market regulator to crack down on speculators whom he blamed for pushing up crude oil and gasoline prices.
The price for crude oil topped $66 a barrel on Friday, up more than 70 percent since mid-January. The rising oil costs have been [...]
IRVING, Texas — The average retail price for gasoline jumped more than six cents last week across Texas to nearly $2.33 a gallon.
AAA Texas on Thursday reported the nationwide average rose almost nine cents, reaching $2.45.
The association says El Paso had the state’s most expensive gasoline, at $2.39 a gallon. Houston and San Antonio [...]
Crude futures fall ahead of the next OPEC meeting. Stronger dollar and global equity weakness also pull the support out from under floor.
NEW YORK (CNNMoney.com) — Oil prices fell on Tuesday days ahead of an expected decision by OPEC to hold production quotas unchanged.
A stronger U.S. dollar and falling global equities also worked prices [...]
