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Oil and gas news (618)

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Retail Sales Rise 0.3 Percent In February

NPR : Economy: < 1 hour
The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery will be aided this year by U.S. sales abroad. ...read article

Trade deficit, exports decline in January

SFGate : Business: < 1 hour
The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery will be aided this year by U.S. sales abroad. The ... ...read article

Global oil demand seen higher in 2010

SFGate : Business: < 1 hour
World oil demand will rise this year due to surging economic activity in Asian countries, especially China, the International Energy Agency said Friday as it bumped up its forecasts. The Paris-based IEA, which advises oil-consuming countries, ... ...read article

Cops: LPG cylinders kept illegally

The Star Online : Malaysia: 1 hour ago
ALOR STAR: The liquefied petroleum gas cylinders which exploded at the double-storey shoplot in Taman Batik in Sungai Petani on Wednesday were illegally stored there. ...read article

Oil slips under $82 on profit taking

The Frontier Post : Business: 1 hour ago
SINGAPORE (Agencies): Oil fell below $82 on Thursday from an eight-week high a day ago on expectations that OPEC will pump above quotas in the second quarter ... ...read article

Shell shuts down two gas plants

The Frontier Post : Business: 1 hour ago
LAGOS (Agencies): Shell said Thursday it had closed down two gas plants feeding Nigeria's power stations so that it could carry out repairs on a damaged ... ...read article

Oil hovers above US$82 in Asia Friday(update)

The Star Online : Business: 1 hour ago
SINGAPORE: Oil prices hovered above US$82 a barrel Friday in Asia as investors mulled whether extending a monthlong rally is justified amid evidence of weak U.S. crude demand. ...read article

US trade deficit shrinks as auto and oil imports drop

The Star Online : Business: 1 hour ago
WASHINGTON: The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. ...read article

No rollback of fuel price hike: FM

Rediff.com : Business: 1 hour ago
Finance Minister Pranab Mukherjee on Friday ruled out rollback of petrol and diesel price hike saying the nation's fiscal condition did not permit him to do so. ...read article

Oil prices above USD 82 a barrel

NDTV : Business: 3 hours ago
Oil prices rose in Asian trade today, lifted by signs of stronger demand as the world economy recovers from recession, analysts said.New York's main contract, light sweet crude for April delivery, added nine cents to USD 82.20 a barrel.� ...read article

IEA Raises Forecast For 2010 Global Oil Demand

FOX News : Business: 4 hours ago
IEA Raises Forecast For 2010 Global Oil Demand ...read article

Statoil Upgrades Oil Production From Oseberg Field By 20 Million Bbl

FOX News : Business: 4 hours ago
Statoil Upgrades Oil Production From Oseberg Field By 20 Million Bbl ...read article

Report: Exxon Could Scuttle Part Of Devon-BP Deal

FOX News : Business: 4 hours ago
Report: Exxon Could Scuttle Part Of Devon-BP Deal ...read article

Why BP is betting billions that God is Brazilian

Telegraph : Finance: 4 hours ago
President Lula declared "God is Brazilian," after the potential of Brazil's oil wealth began to emerge in 2007. BP agrees. ...read article

Texas company, Kroger in legal fight

FindLaw : Business: 5 hours ago
CINCINNATI (AP) - A Dallas area company charges that Kroger Co. is ripping off its technology and methods in the grocery chain's popular gasoline discount rewards program. ...read article

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