The U.S. has never had $3 gas at Christmastime because the price typically gets lower as the days grow shorter. This year may be quite different, thanks to events from Canada to China. And some analysts think prices will really…
Oil rose to the highest price in more than two years as cold weather in the U.S. and Europe stoked demand.
U.S crude prices for January rose as high as $90.46 a barrel, the highest since Oct. 2008, Reuters reported.
Temperatures in northwest Europe…
Light crude oil prices have been climbing in the last few days, closing the week at $88.94 per barrel on the NYMEX. If prices climb high enough, it could damage the still-weak economy by raising the costs of gasoline, jet fuel …
Walter Energy Inc. (WLT), a southern Appalachia producer of coal for making steel, agreed to buy Canadian company Western Coal Corp. (WTN) for C$3.3 billion ($3.3 billion).
Walter Energy made an offer of C$11.50 per share in cash or 0.114 of a Walter…
The Obama administration will temporarily ban the sale of new offshore oil drilling leases in the eastern Gulf of Mexico and off the Atlantic coast, Interior Department Secretary Ken Salazar said Wednesday, a policy change made…