A U.S. energy trade group said the petroleum market in the country was hit by slumping demand. Total petroleum deliveries for August were at their lowest level for the month in 15 years and domestic oil production followed similar trends.
NEW YORK -- The price of oil suffered its biggest one-day decline in nearly six months Friday, falling below $100 per barrel for the first time since ...
My question in response would be this: Given business, reputational, environmental and other risks, can't the industry figure out a way to successfully capture this perfectly usable gas at a profit?
I recently got into a discussion with an executive at one of the larger derivative brokerages about the amount of speculation and investor interest in the oil markets today. He made a number of good points, but one that wasn't so good was in comparing the oil market to stocks.
Every time a Honda Civic owner fills his tank, he hands $7.30 to Wall Street. A Ford Explorer driver is even more "generous" -- she provides them with a cool $10.41.
Nothing fluctuates daily in price like oil. All other businesses have some kind of sale celebrations going on periodically. Not when it comes to oil. And for whatever reason, we have accepted it.
This post has been updated. NEW YORK -- Oil prices took a nosedive Thursday in a historic selloff, erasing weeks of gains and indicating that the m...
With the average price of gasoline now above $3.50 per gallon, we asked our readers what spiking oil prices would cause them to cut down on. (See what...
President Barack Obama, who says he wants to open serious talks with Iran and establish better relations will have his work cut out for him. His first step is to read Iran's modern history.
While feeling angry is justified in a crisis, the governments would be best advised not to get mad at Russia but to get more secure in energy supplies and smarter in energy usage.
Market manipulation may be contributing to the recent oil price spike -- though even in the worst case, it is only part of the story.
