03/19/09 - 02:37 PM EDT
Dec. 1 was the last time crude oil was over $50 a barrel, but the fundamentals of the marketplace suggest that crude should be $30 a barrel, maybe even $25.
03/19/09 - 09:59 AM EDT
The European Commission alleges that Eni illegally prohibited rivals from using its natural gas pipelines.
03/17/09 - 04:03 PM EDT
Peabody Energy signed long-term deals of up to 17 years in length with two Midwestern power generators. The contracts are expected to produce $6 billion in revenue.
03/17/09 - 12:35 PM EDT
Royal Dutch Shell announced that its total reserves at the end of 2008 were 11.9 billion barrels of oil equivalent, unchanged from the prior year.
03/17/09 - 09:37 AM EDT
Platts officially launched its Americas Sour Marker on Monday in a bid to create a better crude pricing mechanism than the existing West Texas crude futures contract currently maintained by the Nymex.
03/16/09 - 01:38 PM EDT
West Texas crude futures on the New York Mercantile Exchange were recently falling $1.64 at $44.61 a barrel in pre-session trading.
03/12/09 - 01:20 PM EDT
That range is $35 to $50, says one expert.
03/11/09 - 04:46 PM EDT
Petrochemical Industries surprised Dow last December when it backed out of their joint venture because of the global economic downturn.
03/11/09 - 04:38 PM EDT
The Americas Sour Marker is looking to supplant West Texas Intermediate crude as the trading standard.
03/11/09 - 02:47 PM EDT
ConocoPhillips says it expects total hydrocarbon production to remain unchanged compared to last year even though its capital spending will fall 37%.