Quantcast

Tag Archives: oil

U.S.growth in 4Q likely stronger on export gains

WASHINGTON — The U.S. trade deficit narrowed sharply in December because exports rose while oil imports plummeted. The smaller trade gap means the economy almost surely grew in the October-December quarter — an improvement from the government’s estimate last week ...

Read More »

Trade gap hit $48.7 billion in November

WASHINGTON — The U.S. trade deficit expanded in November to its widest point in seven months, driven by a surge in imports that outpaced only modest growth in exports. The Commerce Department report Friday suggests trade will drag on economic ...

Read More »

U.S. seen exceeding Saudi oil production by 2020

The United States will become the world’s largest oil producer by around 2020, temporarily overtaking Saudi Arabia, as new exploration technologies help find more resources, the International Energy Agency forecast on Monday. In its World Energy Outlook, the energy watchdog ...

Read More »

Top court hears Exxon cases

Maryland’s top court Monday will hear Exxon Mobil Corp.’s appeals of awards totaling more than $1.5 billion to two sets of Jacksonville residents who sued the oil giant over a massive 2006 gasoline leak, saying it poisoned their water, instilled in them a fear of contracting cancer and reduced the value of their homes to nothing.

Read More »