Posted by Reuters: Business News on February 7, 2012
LONDON (Reuters) – BP said it was preparing “vigorously” for lawsuits related to its Gulf of Mexico oil spill, which are due to start later this month, as it unveiled a rise in fourth-quarter earnings boosted by higher oil prices and one-off gains.
Posted by Reuters: Business News on January 31, 2012
(Reuters) – Exxon Mobil Corp reported quarterly earnings that narrowly beat expectations, on higher oil prices and asset sales of about $1 billion, but the company’s shares dropped nearly 2 percent as its oil and gas production fell short of estimates.
Posted by Reuters: Business News on January 30, 2012
LONDON (Reuters) – The EU’s embargo on Iranian oil exports will add upward pressure to oil prices, OPEC’s secretary general said on Monday, even though there is no shortage of oil on the market.
Posted by Reuters: Business News on January 27, 2012
DAVOS, Switzerland (Reuters) – U.S. Treasury Secretary Timothy Geithner pressed Europe on Friday to boost its bailout fund resources, citing the euro zone debt crisis and oil prices as the two main factors influencing the pace of the United States’ economic upturn.
Posted by Reuters: Business News on December 13, 2011
NEW YORK (Reuters) – U.S. stocks rose modestly in choppy, low volume-trading on Tuesday, with concerns about Europe offsetting a jump in crude prices.
Posted by Reuters: Business News on December 6, 2011
DOHA (Reuters) – The fragile economic recovery could be negatively affected by high oil prices, especially in the United States, BP’s chief executive said on Tuesday.
Posted by Reuters: Business News on November 16, 2011
NEW YORK (Reuters) – stocks briefly turned higher then traded near flat on Wednesday, helped by gains in energy shares as U.S. oil prices surged.
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Posted by Reuters: Business News on October 28, 2011
(Reuters) – Chevron Corp said its quarterly earnings more than doubled, beating Wall Street forecasts, as the second-largest U.S. oil company benefited from high oil prices and strong refinery margins.
Posted by Reuters: Business News on October 27, 2011
LONDON (Reuters) – Royal Dutch Shell Plc and Norway’s Statoil reported big jumps in profits on Thursday, driven mainly by higher oil and gas prices with help from increased production.
Posted by Reuters: Business News on
LONDON (Reuters) – Royal Dutch Shell Plc reported a doubling in profits on Thursday thanks to higher oil prices, robust demand for gas and stronger refining margins, and said it would continue to sell off non-core assets.
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