Quantcast
Home » Topics » Oil (Page 2)

Dems invite Americans to wedding between GOP and Big Oil

WASHINGTON – As rising gas prices top the concerns of many Americans, Democrats are capitalizing on the moment to portray Republicans as wedded to the oil industry — and they’re invoking the royal wedding to make their point. “You are cordially invited to the R-Oil Wedding,” reads a new website…

Johnson & Johnson fined for bribing doctors

WASHINGTON — US authorities fined cosmetics and drugs giant Johnson & Johnson $70 million on Friday for bribing doctors in Europe and paying kickbacks for contracts under a UN relief program in Iraq. The Department of Justice and Securities and Exchange Commission said since 1998 the firm had paid doctors…

Oil prices hit highest level since 2008

LONDON — World oil prices jumped on Friday to their highest levels in more than two years as the market was driven by simmering political tensions in the Arab world and concerns over elections in Nigeria. Brent North Sea crude for delivery in May hit a high of $124.84, the…

Oil prices climb amid Libya fighting

NEW YORK – World oil prices advanced on Tuesday as fighting raged on in Libya, a significant exporter of crude before the current crisis. In New York, crude for April delivery closed at $104 dollars a barrel, up $1.67 at the end of Monday trade. In London Brent North Sea…

Oil exports must resume, Libya tells foreign firms

TRIPOLI – Libya has asked foreign firms to resume oil exports from the North African nation, saying its ports are safe despite a deadly month-long conflict, state television said on Sunday. “Libyan oil terminals have become safe… All employees are asked to return to their jobs in all oil facilities.…

Police: 200-300 bodies found in Japan after quakes, tsunami

LONDON (Reuters) – Oil slid by more than $3 on Friday, with U.S. crude falling below $100, after an earthquake rocked Japan, creating a 10-meter tsunami and shutting down dozens of plants in the world’s third-largest oil consumer. The oil market was also keeping an eye on a planned day…

Airlines hike fares, surcharges for costly fuel

ATLANTA (Reuters) – U.S. airlines are raising fares and rolling out surcharges as runaway fuel prices threaten to eat into profits. Fuel surcharges are being added on international routes. JetBlue Airways Corp said on Monday it recently implemented a $45 one-way surcharge in select Caribbean markets. Delta Air Lines Inc…

Oil shoots higher on Libya turmoil

NEW YORK – Crude oil prices surged again Monday as traders fretted about escalating clashes in Libya between forces loyal to leader Moamer Kadhafi and rebels seeking to end his four-decade rule. New York’s main contract, light sweet crude for delivery in April, settled at $105.44 a barrel, a gain…

Oil prices stabilize; gold holds close to record peak

LONDON — World oil prices steadied on Wednesday, while safe-haven gold held close to the previous day’s record high on the back of simmering Middle East tensions. Brent North Sea crude for delivery in April eased six cents to $115.36 per barrel. New York’s light sweet crude for April, known…

Oil climbs despite Saudi output pledge

LONDON — World oil prices advanced on Tuesday despite OPEC kingpin Saudi Arabia’s pledge to ensure sufficient supplies to cover Libya’s production shortfall. Brent North Sea crude for delivery in April rose 67 cents to $112.47 per barrel. New York’s light sweet crude for April, known as West Texas Intermediate…

Google+