Latest news about Oil
Oil near $82 as traders eye weak US demand
Oil prices hovered around $82 a barrel Thursday in Europe as traders weighed stagnant U.S. crude demand against a gradual global economic recovery.
11 Mar 2010, 5:56 am | click here to view more
Brazil Lawmakers Pass Bill to Boost Some States’ Oil Royalties
March 11 (Bloomberg) -- Brazilian states and cities that don’t produce oil would receive a bigger share of revenue raised from offshore output below a measure passed by the lower home.
11 Mar 2010, 5:49 am | click here to view more
Oil Trades Little Changed as Dollar Weakens, Equities Recover
March 11 (Bloomberg) -- Oil traded little changed as the dollar gave up gains against the euro, boosting crude’s appeal to investors, and European equities markets erased losses.
11 Mar 2010, 5:23 am | click here to view more
Ruble Gains 5th Day, Forces Bank Rossii to Ease Band on $82 Oil
March 11 (Bloomberg) -- The ruble rallied for a fifth day against the central bank’s currency basket, forcing the regulator to ease its trading band for the 14th time in three weeks, as oil over $82 a barrel boosted the outlook for Russia’s economy.
11 Mar 2010, 5:21 am | click here to view more
Oil slips under $82 on profit taking
Oil prices slipped below 82 dollars on Thursday as investors took profits on gains made followed data that showed stronger US energy demand, analysts said.
11 Mar 2010, 4:22 am | click here to view more
BP to pay Devon $7 billion for oil fields
London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields.
11 Mar 2010, 4:09 am | click here to view more
BP to explore for oil in Brazil
Oil giant BP announces a $7bn (£4.7bn) deal that will allow it to start exploring for oil off the coast of Brazil.
11 Mar 2010, 1:49 am | click here to view more
ND oil rig count tops 100
The number of rigs piercing North Dakota's oil patch has topped 100 for the first time in nearly three decades, the state Department of Mineral Resources said Wednesday.
10 Mar 2010, 5:50 pm | click here to view more
North Dakota oil rig count tops 100
The North Dakota Petroleum Council says the number of rigs piercing North Dakota's oil patch has topped 100 for the first time in nearly three decades.
10 Mar 2010, 5:49 pm | click here to view more
Oil falls below $82 as traders eye weak US demand
Oil prices fell below $82 a barrel Thursday in Asia as traders eyed tepid U.S. crude demand amid an overall economic expansion.
10 Mar 2010, 11:31 pm | click here to view more
