Conrad Bibens

Oil rises, natural gas soars

The price of oil rose 1 percent Thursday as stockpiles declined and new indications that demand is rising in the U.S., the world’s largest crude consumer. The price of natural gas soared nearly 5 percent to close at $4.46 per thousand cubic feet — the highest price since July of 2011 — after the government […]  More »

Total sells Nigeria offshore oil stake for $2.5 billion

It’s a sign of China’s growing stakes in the West African nation’s oil production.  More »

Oil prices rise on continued concern about Iran

Brent crude, a benchmark for foreign oil imported by U.S. refineries to make gasoline, added $1.24 to end the day at $122.90 per barrel in London.  More »