Oil drops below $90 for 1st time since Nov. 1
The price of oil has dropped below $90 for the first time in nearly seven months as U.S. supplies continue to grow. More »
Romney oil adviser also a big super PAC donor
Oklahoma oil billionaire Harold Hamm didn’t wait long to make a nearly $1 million donation to a group supporting Republican presidential candidate Mitt Romney after he became one of Romney’s top energy advisers in March. Just weeks after Hamm joined the Romney campaign, he gave $985,000 to a pro-Romney super PAC, according to campaign reports. More »
ND oil boom city reaping prosperity, problems
Oil has brought enormous economic prosperity to the busiest city in North Dakota’s booming oil patch but also has exacerbated problems in housing, infrastructure and traffic, even pushing some “stressed out” older residents to move away, Williston Mayor Ward Koeser told industry and government officials Tuesday. More »
Oil falls below $91 as Iran allows nuclear probe
Oil fell to a seven-month low below $91 a barrel Wednesday after Iran agreed to allow the U.N. nuclear agency to restart an investigation into the country’s nuclear program. More »
Iranian oil deadline looms as sanctions on tankers curb supply
The European Union’s ban on Iranian oil shipments that takes full effect July 1 is curbing ship charters now because of the time it takes the vessels to deploy, load and deliver cargoes, the fleet’s biggest re-insurer said. More »
Oil prices up on expectations for improving demand
Oil rose above $92 a barrel Monday in Asia ahead of talks this week aimed at avoiding a military conflict over Iran’s nuclear program. More »
Iran finds its first Caspian Sea oil for more than a century
Iran has discovered oil in its Caspian Sea waters for the first time in more than a century, the state-run Fars news agency reported. More »
Total to put staff back on North Sea platform
The French oil company Total says it is preparing to put staff back on a North Sea platform after confirming that a gas leak has been stopped. More »
Repsol: Exploratory oil well off Cuba comes up dry
Spanish oil company Repsol says an exploratory well it drilled off Cuba is unsuccessful and will be abandoned. More »
IEA says no imminent plans to release emergency oil stockpiles
The International Energy Agency has no definite plan to release fuel from its emergency reserves, according to the head of its oil industry and markets division. More »
Oil falls to near $92 after sharp 2-week selloff
Oil prices fell to near $92 a barrel Friday in Asia, extending a sharp two-week selloff as the latest twists in Europe’s debt crisis added to a gloomy economic outlook. More »
A Link Between Energy, The Greek Debt Crisis, JP Morgan’s Losses, And A Fire Hydrant
About three seconds before my son ran head first into a fire hydrant on Monday night, I was talking to a friend who was asking exactly what JP Morgan had done to lose $2 billion. Both this event and the escalating farce in Greece have been dictating both the mood and movement in financial markets [...] More »
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