Hot News category

Hot news about energy include crude oil, gas and oil exploration also trading, market, data, chart, investment and prices of oil, natural gas, petroleum, energy from category hot news.

Libya Unrest, BP stop Exploration more Oil Companies and Industry Fallout

Monday, February 21st, 2011

Oil companies, including Italy’s Eni, Royal Dutch Shell PLC, U.K.-based BP and Germany’s Wintershall, a subsidiary of BASF, were evacuating their expat workers or their families or both. BP and Wintershall said they were temporarily suspending operations; Eni said production continued normally. Libya is one of the world’s biggest oil producers and has the largest [...]

New York Oil Price Surge on Midle East Unrest, Three Days Decline as China Jump Slowly

Saturday, February 19th, 2011

Oil surged the most this month amid mounting Middle East tensions, narrowing a record spread between U.S.-traded West Texas Intermediate and Brent in London. Oil fell for the first time in three days in New York because of signs that China’s measures to cool inflation may curb economic growth in the world’s second-biggest crude user. [...]

New Oil Drilling Technique in Western US Investing Across Company by 2015

Friday, February 11th, 2011

New oil drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude. Companies are investing billions of dollars to get at oil deposits scattered across North Dakota, Colorado, Texas and California. By 2015, oil executives and analysts say, the [...]