Search Results for: oil
Standard Oil heirs join movement to divest In Fossil Fuels
September 23rd, 2014
The movement against investing in fossil fuels has reached a critical mass, with more than 800 individuals and institutions promising to rid their portfolios of $50 billion worth of investments in non-renewable fuels. On Sept. 22, the Rockefeller family ...
Siemens Buys Dresser-Rand, an Oil Services Company, for $7.6 Billion
September 22nd, 2014
Siemens, the German engineering conglomerate, announced late Sunday a deal for the Dresser-Rand Group, an oil products and services company. The deal, worth about $7.6 billion, including the assumption of debt, gives Siemens prominence in the American energy sector, ...
West TX Oil Eases Below $95 on Stock Build
September 17th, 2014
Brent crude steadied below $99 per barrel on Wednesday, after staging its steepest climb in two weeks in the previous session, on hopes the Organization of the Petroleum Exporting Countries (OPEC) will cut output and reduce a global supply ...
Oil Production 2014
September 17th, 2014
The world’s oil supply has shrunk considerably over the last few decades. Countries, mostly in the Middle East, with what seemed like a never-ending amount of oil, have begun limiting their exports. Some oil fields, such as the ones ...
West TX Oil at $93 on Softer Economic Data
September 16th, 2014
Brent crude was little changed just below $98 a barrel on Tuesday, holding gains after recovering from its lowest price in more than two years but capped by a soft global economic outlook. Data reflecting lackluster manufacturing output performance ...
Oil hits new 26 month low on China concerns
September 16th, 2014
The price of a barrel of oil slipped to a 26-month low during trading yesterday, hit by signs of a slowdown in China and despite the impact of new sanctions on Russia. Brent crude, the global oil benchmark, saw ...
West TX Oil Drops to $91.30 after Russia Sanctions
September 15th, 2014
Brent crude slumped to a more than two-year low under $97 per barrel on Monday as a slew of lackluster economic data from China, the world’s top energy consumer, cast a shadow on the outlook for oil demand amid ...
Eni chief executive under investigation over $1bn Nigerian oil deal
September 12th, 2014
Claudio Descalzi, chief executive of Eni, is under investigation in an international bribery case stemming from the $1.1bn acquisition of a Nigerian oilfield in 2011, the Italian state-controlled company said. The announcement by Eni, which denies any “illegal conduct” ...
U.S. Oil Boom Revitalizing Rust Belt Economy
September 11th, 2014
The American Midwest is enjoying a one-two punch of an economic boom thanks to hydraulic fracturing. The relatively new and still controversial technique is not only generating more energy, it’s also sparking a revitalization of old industries and boosting ...
Russian Oil Exploration Could Be Next on West’s Hit List
September 11th, 2014
The United States and European Union plan to stop billions of dollars in oil exploration in Russia by the world’s largest energy companies including Exxon Mobil Corp and BP Plc, U.S. government sources said. The planned sanctions over Russia’s ...
