Marathon Oil, the fifth-largest oil refiner in the U.S., is spinning off its refining business into a new company called Marathon Petroleum. Marathon Oil, meanwhile, will reduce its debt as a result of the move and will focus o…
Oil prices touched a two-year high Monday on tighter inventory and expectations that a U.S. economic growth spurt will boost demand this year. Some analysts predict prices could soon gush to $100 per barrel.
Co…
The Organization of the Petroleum Exporting Countries will leave oil output unchanged, a delegate at the group’s current meeting told Reuters. Oil ministers apparently are not worried the weak dollar will drive up the price of …