Faltering oil recovery prompts warnings of return to $40
As oil’s upward climb runs out of momentum, more and more analysts expect the market’s next move will be back down toward $40 a barrel. Brent crude prices almost doubled between January and June, signaling...
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Oil rises as Exxon halts exports from Nigeria
Oil rose as Exxon Mobil Corp. declared force majeure on shipments of Nigeria’s biggest crude export grade. Futures rose as much as 0.5 percent in New York, reversing an earlier decline of 1.4 percent. Force...
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BP estimates cost of 2010 Gulf oil spill at $61.6 billion
BP said the cost estimate included all “remaining material liabilities.” Source: FuelFix
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Texas energy costs rank in middle among U.S. states, study finds
CLICK THROUGH THE GALLERY ABOVE TO SEE HOW OTHER STATES RANK. When it comes to energy costs, Texas is just average. That’s according to a study by WalletHub that looks at how much people in...
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Renewable energy investment falls by almost quarter in first half
Global investment in renewable energy fell 23 percent in the first half of this year as the cost of installing solar panels declined and China paused the pace of its spending. Wind, solar and other...
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