OPEC Raises Demand Expectations for 2010
Vienna, Austria March 10, 2010 8:42 AM ET
- In its Monthly Oil Market Report, OPEC said its Reference Basket fell by $3.02 per barrel or 4% to reach $72.99 per barrel in February. The decline was mainly attributed to...
NYMEX Oil Complex Higher as API Report Causes Surge in Crack Spreads
Houston, TX March 10, 2010 8:11 AM ET
- The April NYMEX crude, RBOB gasoline and heating oil contracts are all called to open above Tuesday's settles. The expected higher opening is due to a surge in the crack...
KB Home to Pre-Wire Homes for Electric Vehicles
Los Angeles, CA March 10, 2010 7:21 AM ET
- KB Home, one of America’s premier homebuilders, today announced that it will begin offering an option to pre-wire its new Built to Order™ homes to accommodate charging...
OPEC Basket Price for March 9 down $0.48 at $77.38
Houston, TX March 10, 2010 6:59 AM ET
- The price of the OPEC basket of thirteen crudes stood at $77.38 per barrel on Tuesday, down $0.48 from Monday, March 8, according to OPEC Secretariat calculations. The...
Consumers Reject Lower Energy Use As The Answer to Reducing Reliance on Fossil Fuels and Energy Imports
New York, NY March 10, 2010 6:57 AM ET
- Three out of four consumers are concerned by energy and climate change issues, but nearly two thirds say that using less energy is not the answer to reducing reliance on...
NYMEX Oil Complex Ends Lower but Holds Well Above Lows
Houston, TX March 9, 2010 3:25 PM ET
- The NYMEX April crude contract and RBOB gasoline and heating oil contracts ended the day below Monday's settles but above intraday lows as the price hawks continue to...
NYMEX Oil Complex Remains Down but Off Intraday Lows on Short-covering
Houston, TX March 9, 2010 11:18 AM ET
- The April NYMEX crude and RBOB gasoline contracts are all in negative territory at midday but off their intraday lows as some market participants have covered some of...
DOE Announces $40 Million to Develop the Next Generation Nuclear Plant
Washington, DC March 9, 2010 9:46 AM ET
- Yesterday, U.S. Secretary of Energy Steven Chu announced selections for the award of approximately $40 million in total to two teams led by Pittsburgh-based Westinghouse...
Chevron Says it is Well Positioned for Future Growth
New York, NY March 9, 2010 9:29 AM ET
- Chevron Corporation (NYSE:CVX) enters the decade with an upstream portfolio of major capital projects that uniquely positions the company for future growth, executives said...
NYMEX Oil Complex Lower on Profit-taking, Weak Equities, Stronger Dollar
Houston, TX March 9, 2010 8:10 AM ET
- The April NYMEX crude, RBOB gasoline and heating oil contracts are all called to open below Monday's settles. Since there has been little market moving news overnight we...
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