Gallon of gas jumps to $3.76: survey

The average price for a gallon of gasoline in the United States has moved closer to $4, jumping more than 19 cents since mid-March to a level less than 10 percent below its all-time high, a widely followed survey said on Sunday. The Lundberg Survey said the national average price of self-serve, regular unleaded gas was $3.765 on Friday, up from $3.573... 

U.S. gasoline prices rise to $3.57/gallon: survey

Gasoline prices in the United States rose 6.65 cents per gallon over a two-week period, carried by the rise in crude oil prices stemming from the turmoil in Libya, an industry analyst said. The national average for a gallon of self-serve, regular gasoline was $3.57 on March 18, according to the Lundberg Survey of about 2,500 gas stations. The 6.65-cent... 

Wall Street up on energy shares after Japan quake

Stocks rose on Friday, led by gains in energy shares after Japan’s biggest earthquake on record hurt the country’s oil refining capacity, but trade was choppy as investors tried to weigh the quake’s economic impact. The 8.9 magnitude quake that struck the northeast coast of Japan, the world’s third largest economy, triggered... 

Analysis: Stocks-oil relation looks as it did in 2008 recession

The trading pattern of the prices of stocks and crude oil looks worryingly like it did just before the last recession. Oil and equity prices rise and fall more or less in tandem when demand and economic growth expectations dictate prices. But the short-term relationship has been turned on its head in recent weeks with investors worried that political... 

Moody’s Confirms Nexen’s Investment Grade Credit Rating

Earlier today, Moody’s Investors Service announced the completion of their credit review and confirmed Nexen’s Baa3 rating with a negative outlook. We expect to retain this rating and remove the negative outlook by reducing our debt to levels commensurate with the rating by late this year or early 2012, and retaining sufficient cash to fund... 

Range Announces 2010 Results

ANGE RESOURCES CORPORATION today announced its 2010 results. Range continued to execute its strategy of double-digit production and reserve growth at a top-quartile or better cost structure, while maintaining a strong financial position. Production increased 14% while sequential production growth reached 32 consecutive quarters. Proved reserves increased... 

Research and Markets: Japan LNG Export & Import Markets (2010) – Outlook of Demand, Capacity, Trades, Prices, Contracts & Market Structures to 2020

Research and Markets has announced the addition of the “Japan LNG Export and Import Markets (2010) – Outlook of Demand, Capacity, Trades, Prices, Contracts and Market Structures to 2020″ report to their offering. LNGReports launched its brand new Japan LNG Export and Import Markets (2010)- Outlook of Demand, Capacity, Trades, Prices,... 

Murphy USA Announces NCAA Tournament Bracket Challenge

Murphy USA announces their 2011 Murphy USA Bracket Challenge today, with four winners receiving a year’s worth of free gasoline. Registration is open and will continue through 4PM, Central Time, March 15th. Beginning Sunday, March 13th at 8PM, contestants will be able to fill in their brackets by selecting the winning team in each game of the... 

Blast rocks Enterprise natgas plant in Texas

One worker was unaccounted for after explosions rocked a natural gas liquids storage complex on Tuesday in Mont Belvieu, Texas, according to the plant’s owner, which also said the main facilities were not damaged. Firefighters contained the massive fire, visible 35 miles to the west in Houston, and there were no reported injuries, Chambers County... 

Egypt unrest may push oil above $110: Kuwait official

Global oil prices could exceed $110 a barrel if political unrest in Egypt continues, a member of Kuwait’s Supreme Petroleum Council said on Sunday. Oil prices have spiked due to tension in Egypt. Brent crude hit $100 per barrel for the first time since 2008 on fears instability could spread through the Middle East, which together with North Africa...