Kinder Morgan Energy Partners, L.P. (NYSE: KMP - News) today announced that Plantation Pipe Line Company is the first pipeline company in the United States to transport biodiesel for commercial purposes. Plantation completed the first transmarket commercial shipment of blended 5 percent biodiesel (B5) on a mainline segment of the pipeline. The company injected B99 [...]
IRVING, Texas, Nov 19, 2008 (BUSINESS WIRE) — Exxon Mobil Corporation (NYSE:XOM) announced today its affiliate, ExxonMobil Exploration and Production Turkey B.V., has signed an agreement with Turkish national oil company, TA 1/4rkiye Petrolleri Anonim OrtaklAAYA (TPAO), to explore in two large deepwater blocks offshore Turkey, marking ExxonMobil’s entry into Black Sea exploration.
ExxonMobil will become [...]
Crude falls as investors focus on a weak demand outlook. OPEC official says the cartel will hold another emergency meeting.
By Ben Rooney, CNNMoney.com staff writer
November 14, 2008: 9:43 AM ET
NEW YORK (CNNMoney.com) — The price of oil fell Friday as investors remain worried about weak energy demand despite news that OPEC plans to hold another [...]
As the Price of Crude Plunges, Venezuela Is Poised to Face a Lot of Pain
BOGOTA, Colombia — Venezuelan President Hugo Chávez has delighted in the economic meltdown in the United States, mocking the Bush administration for its bailout plan and predicting the end of American economic dominance.
“The U.S. model of capitalism is collapsing,” Chávez, a [...]
By STEVENSON JACOBS, AP Business Writer
NEW YORK – Oil prices rebounded back above $71 a barrel Friday as traders bet that OPEC will announce a sizable production cut at an emergency meeting next week in an effort to stem crude’s stunning collapse.
The downward momentum on oil has grown more feverish in recent days, lopping more [...]
By Tom Doggett
WASHINGTON, Oct 6 (Reuters) - U.S. retail gasoline prices fell 15 cents a gallon over the last week, dropping below an average $3.50 a gallon for the first time in six months, the government said on Monday.
The national price for regular unleaded gasoline is $3.48 a gallon, up 71 cents from a year [...]
