session spike came after oilfield-services firm Baker Hughes reported the number of U.S. rigs in operation fell by another 94 last week.
The Dow Jones industrial average fell 250.75, or 1.4 percent, to 17,166.10. Visa was the only component in the (...)
per-day crude oil project as an example, he explained that staying the course on investments is imperative for long term success and not be undermined by short term vulnerabilities. With the typical project cycle being in the range of 10 to 15 (...)
class, full-conversion export refinery.
The refinery will process Arabian Heavy crude oil to produce ultra-high-quality refined products to meet the most stringent global product specifications.
As a full-conversion refinery, it will maximize the (...)
year when we bring the Khurais mega-project of 1.2 million barrels per day on stream, which is significantly higher than our stated policy. Maintaining our spare capacity requires considerable investment, but over the years the value of that cushion (...)
time peak of
US$70.85 a barrel hit Aug. 30, but is still almost 50
percent higher than a year ago.
Gasoline rose by nearly a cent to US$2.0430 a gallon (3.8
liters). Heating oil moved up by nearly two cents to
US$1.9390 a gallon, while natural (...)
per-day increase if prices stay high.
President George W. Bush, speaking at an energy conference in Washington today, said the country needs to make further gains in energy efficiency and to produce and refine more oil at home so that it can make (...)
range view in our reservoir management strategies in order to maximize the ultimate recovery from our fields," he said.
Jum'ah pointed to Saudi Aramco's extensive production, processing and transportation infrastructure, which the company is (...)
than-expected demand growth.
On Nasdaq, chip maker Intel Corp. climbed 0.5 percent to $23.92 and Cisco Systems Inc., whose equipment helps direct Internet traffic, rose 0.7 percent to $17.42 after Smith Barney added the companies to its focus (...)
picture economic news, such as U.S. non-farm payrolls on Friday, and an interest-rate decision from the Federal Reserve, were expected to be a major shaper of stock market sentiment going forward.
"With the Iraq polls out of the way, the markets (...)
friendly buyer at a
price below its value.
The statement comes just over a year after Yukos founder
Mikhail Khodorkovsky was arrested on charges including
fraud and tax evasion. His trial and the mounting tax
claims against Yukos are widely (...)
guzzling sport utility vehicles.
The senator backs a 10-year, $30 billion energy package that includes $10 billion to build cleaner coal-fired power plants and $10 billion to help U.S. auto makers retool to build more fuel-efficient cars.
Traders (...)
ago levels.
"Although the crude stock rise in itself was bearish, other components of the report were not," said Edward Meir of Man Energy.
"For example, refinery utilization did not rise hand it hand with inventories, suggesting that the crude (...)