Oil & Gas

Oil below $76

PABLO GORONDI

Oil tumbled to below $76 a barrel Tuesday as fears intensified that Greece may not be able to crawl out from beneath a mountain of debt without defaulting. By early afternoon in Europe, benchmark crude for November delivery was down $2.14 to $75.47 ... Full story

Oil rises to above $108 as US jobs market improves

PABLO GORONDI

Oil prices jumped to fresh 30-month highs above $108 a barrel Monday as the conflict in Libya extended market concerns about supply risks and signs of a recovering U.S. jobs market bolstered optimism that global crude demand will strengthen.   ... Full story

Pump prices fall as crude oil declines

THE ASSOCIATED PRESS

NEW YORK (AP) - There were some smiles at the gas pump on Monday as the average price of a gallon of unleaded regular dropped by a couple of cents across the country. The average retail price of gasoline is $2.75 a gallon, according to AAA, Wright E... Full story

AAA Michigan: State gas prices down 6.9 cents

THE ASSOCIATED PRESS

DEARBORN, Mich. (AP) - AAA Michigan says gasoline prices are down 6.9 cents per gallon over the past week to a statewide average of $2.77. The auto club said Monday the statewide average is 16.2 cents per gallon higher than last year at this time. ... Full story

AAA: Ohio gas prices down

THE ASSOCIATED PRESS

COLUMBUS, Ohio (AP) - Gas is an average 10 cents cheaper this week at pumps around Ohio, helped by a drop in oil prices. The latest survey from auto club AAA, the Oil Price Information Service and Wright Express puts the state's average price for re... Full story

Oil hovers under $76 in Europe amid demand doubts

PABLO GORONDI

Oil prices hovered below $76 a barrel Monday as expectations for fuel demand in the second half of the year were undermined by weaker economic figures from the world's three biggest economies - the U.S, China and Japan. By early afternoon in Europe,... Full story

Vedanta to pay billions for Cairn stake

ERIKA KINETZ

MUMBAI, India (AP) - Vedanta Resources Plc has agreed to pay $8.5 billion to $9.6 billion for a 51 percent to 60 percent stake in the India unit of Britain's Cairn Energy Plc, the companies said Monday. The transaction is London-listed Vedanta's fir... Full story

Gas price average down a penny in Mass.

BOSTON - The average price for gasoline has dropped slightly this week in Massachusetts week after increasing last week for the first time in a month. AAA Southern New England says its latest survey found regular unleaded selling for an average of $... Full story

Earth Day's unfinished business

BY JANE DANOWITZ

On this 40th anniversary of Earth Day (Thursday), it's hard to imagine what the American landscape would look like today without Stewart Udall, the legendary interior secretary who recently passed away after a lifetime of championing conservation. We... Full story

Halliburton's leader sees no sharp falloff

BY MONICA HATCHER

Apr. 20--Falling natural gas prices, large fuel stockpiles and warmer weather could put the brakes on the brisk rebound seen in North American drilling activity over the last several quarters. But Halliburton CEO Dave Lesar said the number of rigs i... Full story

Exxon Mobil CEO fears higher gasoline prices

BY BRETT CLANTON

Apr. 20--Exxon Mobil Corp. CEO Rex Tillerson expressed concern Monday that higher gasoline prices could cause Americans to cut fuel usage, as has happened with other price spikes in recent years, and hurt the momentum of the recent economic rebound. ... Full story

Oil rises above $82 as stock markets rebound

ALEX KENNEDY

SINGAPORE - Oil prices rose above $82 a barrel Tuesday in Asia, clawing back a little ground after the fraud case against Goldman Sachs and flight disruptions in Europe from volcanic ash triggered a two-day plunge. Benchmark crude for May deliv... Full story

Oil hits $82 per barrel as dollar plunges

MARK WILLIAMS

Oil prices hit new highs for the year Wednesday just as the dollar fell to new lows against the euro, showing how much the weak U.S. currency has come to dominate energy markets. Benchmark crude for December delivery rose $2.25 to settle at $81.37 a... Full story

Jaguar's fastest XF handsome, seductive, powerful

ANN M. JOB

The 2010 Jaguar XFR is what a Jaguar should be - sleek, fast and handsome. It's also seductive, with a 510-horsepower, supercharged and inter-cooled V-8 and constantly adjustable chassis serving up a ride that's both smooth and thrilling. The XFR's... Full story

Oil falls back below $70 even as dollar weakens

MARK WILLIAMS

Oil prices fell sharply Friday, giving up some of the gains crude made this week even as the dollar fell to a fresh low for 2009. Benchmark crude for October delivery tumbled $2.65 to $69.29 a barrel on the New York Mercantile Exchange. On Thursday,... Full story

Oil prices dip on report of rising jobless claims

CHRIS KAHN

NEW YORK - Energy prices fell Thursday after the government reported that jobs remain in short supply in the U.S., with natural gas falling to new seven-year lows. The Labor Department said the number of first-time unemployment claims rose unexpecte... Full story

Mexican cartels smuggle oil to US

MARTHA MENDOZA

MEXICO CITY -U.S. refineries bought millions of dollars worth of oil stolen from Mexican government pipelines and smuggled across the border, the U.S. Justice Department told The Associated Press - illegal operations now led by Mexican drug cartels e... Full story

US: Stalled clean coal plant moving ahead in Illinois

APNewsNow

WASHINGTON - The Department of Energy has decided to move forward on a stalled futuristic coal-burning power plant in central Illinois that languished under the previous administration. The project known as FutureGen would burn coal for power but st... Full story

As debt grows, desperate car owners turn to fraud

BREE FOWLER

LOS ANGELES  - Driven to desperation, a growing number of financially strapped car owners are torching, sinking or ditching their vehicles and then reporting them stolen to cash in on the insurance. SUVs have been found ablaze in the Nevada des... Full story

Oil soars above $71, hitting 2009 high

GEORGE JAHN

VIENNA  - Oil prices soared above $71 a barrel Wednesday to reach a 2009 high, as investors poured money into crude markets to protect themselves against the inflation risks posed by a weakening U.S. dollar. Oil, which typically trades inversel... Full story

Crude passes $70 but gas prices flatten

JOHN PORRETTO

HOUSTON  - While crude passed $70 a barrel Tuesday, gasoline prices failed to rise overnight for the first time in 42 days, signaling a possible break for motorists as summer driving shifts into high gear. Benchmark crude for July delivery rose... Full story

Odds of energy price spike from hurricanes fades

ERNEST SCHEYDER

NEW YORK (AP) - The chance of a severe 2009 hurricane season continues to fade, according to the most recent forecasts, a potential break from recent years when violent storms smashed in the Gulf Coast and sent energy prices spiking. Even if a storm... Full story

Oil prices briefly pass $69 per barrel

DIRK LAMMERS

SIOUX FALLS, S.D. (AP) - Oil prices briefly passed $69 per barrel Tuesday in a week long rally that appears short on fundamentals, yet exceedingly full of momentum. Average retail gasoline prices continued to march upward: A gallon now costs about 4... Full story

GM to sell Hummer to Chinese company

AP Auto Writers

BREE FOWLER

DETROIT (AP) - General Motors Corp. took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese manufacturer, while also revealing that it has potential buyers for its Saturn and Saab brands. GM ... Full story

Culprits in last year's energy spike reappear

MARK WILLIAMS

COLUMBUS, Ohio (AP) - Oil prices pushed to new highs for the year Monday on a weak dollar and new data suggesting manufacturing in China has strengthened. Both of those factors helped send energy prices to record highs last summer. The national aver... Full story

Oil slides below $68 as investors eye inflation

GEORGE JAHN

VIENNA (AP) - Oil prices slipped below $68 a barrel Tuesday as traders took profits on recent gains, which were driven by speculation that a massive global fiscal stimulus could spark an economic recovery and inflation. Benchmark crude for July deli... Full story

General Motors in tentative deal to sell Hummer

NEW YORK (AP) - General Motors Corp. said Tuesday that it has tentatively agreed to sell its Hummer brand, a day after the U.S. automaker filed for bankruptcy protection with hopes that it will transform its most profitable assets into a new company ... Full story

Obama talks up wind power, green jobs on Earth Day

MIKE GLOVER

NEWTON, Iowa - Marking Earth Day with a pitch for his energy plan, President Barack Obama on Wednesday called for a "new era of energy exploration in America" and argued that his proposal would help the economy and the environment at once. "The choi... Full story

Paper companies get unexpected tax-credit windfall

STEPHEN OHLEMACHER

WASHINGTON - A law to make the earth a little greener is giving paper mills an unintended multibillion-dollar tax windfall with the help of a little diesel fuel. The bonanza, however, could be short-lived. Struggling paper companies recently discov... Full story

Oil chiefs urge offshore drilling

By H. JOSEF HEBERT

WASHINGTON (AP) - Executives of the biggest oil companies sought to convince lawmakers Wednesday that expanded offshore drilling will produce jobs and help the nation's economy, although new leases in areas that have been off limits would not be issu... Full story

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