BP (BP) may have ignored potential risks related to the Deepwater Horizon drilling rig and the company suffered from a “lack of operating discipline” according to an interim report.
The report from the National Academy of Engineering and National Res…
Oil prices continued a three-day decline Tuesday on concerns that a slow global economy would lead to weak demand. All together, prices have fallen some 6% since late last week.
Continue reading Economic Concer…
For a host of reasons, other countries would love to free their economies from the stranglehold of the U.S. dollar’s influence, especially now, when the Fed’s stimulus actions are pushing the dollar lower, and everything else h…
Crude oil hit a six-month high Wednesday, and many forces are in place to drive prices even higher. Not least is demand from China, now the largest importer of oil.
Continue reading Oil Renews Its Assault on $9…
Chevron Corp. (CVX) reported earnings of $1.87 for the quarter, down from $1.92 a year earlier. The 2009 results were boosted by upstream asset sales and discrete tax items.
Sales and other operating revenues were $48 billion in the third quarter of…