Tag: ice

Brent, West Texas crude keep dropping

Brent crude extended its biggest one-day collapse in three years amid speculation OPEC will refrain from eliminating a glut.  More »

Oil stays above $104 on crises in Ukraine, Libya

The price of oil remained above $104 a barrel Tuesday as investors weighed how the conflicts in Ukraine and Libya were likely to affect crude supplies.  More »

Oil dips on China economic data

The price of oil dipped slightly on Monday as a report on manufacturing in China signaled that a recovery in the world’s No. 2 economy would continue to be uneven.  More »

Melting Arctic easing access to fossil fuels

More direct northern sea routes may be opening up in the Arctic, as the melting of the ice has made previously unnavigable routes a growing possibility for large ships, including tankers carrying oil and gas, an expert said Wednesday at the Third Houston Shipping and Offshore Conference.  More »

Solar-powered youth ice hockey rink: $6 million

Not all sports are created equal, and that means some of them need power. So a community in Massachusetts decided to build a solar-powered ice hockey rink for its youth hockey league, and an audience of up to 700 people. Cost: $6 million.  More »

ICE fines Goldman Sachs for ‘disorderly’ oil trading

The $40,000 penalty relates to price spikes on the April 2011 Brent-WTI crude spread in January. The moves were found to be the result of several large market orders placed in quick succession by a Goldman trader, the London-based exchange found.  More »