Stories tagged "petroleum"

Most foods are still packed in plastic, which not only fills landfills and pollutes oceans, but also perpetuates petroleum consumption. Now we are beginning to see more prominent use of biodegradable disposable food packaging, particularly at green-orient

Two Stanford professors argue that anyone with a deep bank account and a little knowledge can control the price of crude

Oil prices rose Thursday in Asia above $116 a barrel as investors mulled a fall in U.S. gasoline inventories and a possible output tightening by OPEC at its next meeting in September

Regulators had long classified a private Swiss energy conglomerate called Vitol as a trader that primarily helped industrial firms that needed oil to run their businesses.

A new report released by marketing research firm Emerging Energy Research (EER) highlights the US' booming wind energy market. According to their report, the US is on track to be generating 150 gigawatts of energy from wind power alone by 2020. While this

Mohammad Ali Khatibi told Dow Jones in a telephone interview that the market is oversupplied by at least 1 million barrels a day. He stated that OPEC is considering two options. First, they are considering maintaining the current level of production and r

Oil fell to its lowest price in three months Friday, briefly touching the $111 level after the dollar muscled higher and OPEC predicted the world?s thirst for fuel next year will fall to its lowest point since 2002

WASHINGTON (Reuters) - House Speaker Nancy Pelosi said on Saturday when the U.S. Congress returns next month from its summer recess, Democrats will offer legislation that could give oil companies drilling

That sucking sound you hear is our oil money going to fuel OPEC. US imports rose 1.8 percent to $221.2 billion in June after increasing 0.3 percent in May.

Oil prices rebounded Wednesday, jumping back to $116 a barrel after the government reported a bigger-than-expected drop in U.S. gasoline supplies