When BP PLC announced on Aug. 6 that it was abruptly shutting down crude oil shipments from Alaska's Prudhoe Bay, fears of gas price hikes were rampant.
HONG KONG, Aug 21 (Reuters) - China's Big Three energy companies, led by fourth-largest global oil producer PetroChina Co. Ltd. , are set to unveil bumper first-half earnings as crude prices cling to near-record levels, a trend analysts expect to persist through 2006.
CAMARILLO, Calif. -- Trilby Lundberg, the nation's guru of gasoline prices, has no idea how many miles her new Mercedes-Benz gets per gallon. When she has to fill the tank, she is more concerned with convenience than price.
India’s crude oil basket rose marginally last Friday to $69.32 a barrel from $69.06 a barrel a day earlier in line with global crude oil prices, the petroleum and natural gas ministry said today.
(ARA) - With gas prices at an all-time high and no relief in site, families are finding it necessary to cut back their spending on other items in order to fill up the car's tank. The price of a barrel of crude oil recently peaked at $77 dollars.
Cab driver Samuel Kanjama pumps gas into his taxi cab at a Marathon gas station in Chicago, Illinois on 14 August. World oil prices jumped after reports that major crude exporter Iran test-fired a short-range missile during military exercises over the weekend.
SAN FRANCISCO (MarketWatch) -- Stocks in the energy sector got a lift Monday on the back of a rebound crude-oil prices, with renewed tensions over Iran's nuclear program pushing prices above $71 a barrel.
Cab driver Samuel Kanjama pumps gas into his taxi cab at a Marathon gas station in Chicago, Illinois on 14 August. World crude prices jumped after key crude producer Iran said that it would press on with nuclear work despite a UN Security Council resolution calling for a freeze.