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Oil Markets to Stabilize
Oil markets are expected to stabilize in the coming months as decreases in investments by oil companies will produce a drop in supply, according to the chief executive of energy giant Chevron.Chevron CEO John Watson said that oil prices... read more
Crude oil futures prices continue to drop due to storage
April futures delivery on the New York market continued its downward trend. Some analysts say its due to an ongoing lack of storage for oil supplies. Although fears of running out of oil storage are unfounded, oil prices likely will... read more
Obama vetos approval of Keystone XL pipeline
United States President Barrack Hussein Obama has vetoed approval of the Keystone XL pipeline, keeping his promise to deny the project backed by Republicans as jobs measure but opposed by often controversial environmentalists who claim oil and gas consumption contributes... read more