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Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth.
Tagged with: exxon gas prices oil
Read More »Oil at five-year low
(Bloomberg) Oil tumbled to the lowest level in more than five years on speculation a global supply glut that’s driven crude into a bear market will continue through the first half of 2015. West Texas Intermediate fell 2.1 percent to ...
Tagged with: oil
Read More »Comic Con Conflict Continues
Bar-exam prep, Virginia corruption, Iranian opposition, $50B order rounds out this week's Law Blog Roundup.
Tagged with: bar exam comic books department of justice iran oil russia virginia
Read More »Obama opens East Coast to oil search
The Eastern Seaboard is being opened to offshore oil and gas exploration for the first time in decades with the Obama administration's approval Friday of sonic cannons that can pinpoint energy deposits deep beneath the ocean floor.
Tagged with: Barack Obama drilling east coast exports oil petroleum
Read More »Calling oil something else, companies find ways to increase exports
Companies are taking advantage of new ways to export oil from the U.S. despite government restrictions, and in the process helping the U.S. become an ever bigger exporter of petroleum on the world stage.
Tagged with: exports oil petroleum
Read More »As oil creeps up, AAA warns of coming spring gas increase
The prices of oil rose Thursday as a positive report on the U.S. labor market and more cold temperatures boosted expectations of higher demand for heating oil.
Tagged with: AAA gas prices oil prices
Read More »Renewable energy rises as electricity source
NEW YORK — Renewable energy is growing fast around the world and will edge out natural gas as the second biggest source of electricity, after coal, by 2016, according to a five-year outlook published Wednesday by the International Energy Agency. ...
Tagged with: Environment maryland oil pollution renewable energy solar wind
Read More »Oil giant Total to pay $245M in U.S. bribery case
ALEXANDRIA, Va. — French oil giant Total agreed Wednesday to pay $242.5 million to settle criminal charges alleging the company used middlemen to pay bribes to win lucrative contracts in Iran. Court papers filed in U.S. District Court in Alexandria ...
Tagged with: alexandria bribery crime Law legal news oil U.S. District Court virginia
Read More »Wholesale prices fall 0.7 pct., most in 3 years
WASHINGTON — Sharp drops in fuel and food costs reduced a measure of U.S. wholesale prices in April by the most in three years. Outside those volatile categories, inflation stayed tame. The producer price index, which measures price changes before ...
Tagged with: Economy food gas inflation oil prices Retail wholesale prices
Read More »Oil below $96 per barrel on jobs, stronger dollar
The price of oil fell below $96 a barrel even as the dollar strengthened against some foreign currencies. Crude prices have been rising, along with the stock market, and investors appeared to take a break from both Thursday. Benchmark oil ...
Tagged with: business news Economy great recession Labor Department new york mercantile exchange oil prices stock market Unemployment
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