Crude oil prices staged a rebound on Wednesday ahead of the latest US inventories data while gold steadied as the dollar came under renewed pressure.In energy markets, Nymex January West Texas Intermediate rose $1.02 to $73.64 a barrel, while ICE Ja
DENVER - Federal officials have agreed to review air pollution standards for oil and gas operations to decide if they need to be updated. The proposed settlement of a complaint by two environmental groups calls for the Environmental Protection Agenc
Mexico has taken out a $1bn insurance policy against oil prices falling next year, a clear signal that commodities producers remain wary about the threat of a double-dip recession.The world’s sixth largest oil producer said on Tuesday that it had he
Gold steadied while oil prices gave up an early rebound on Tuesday as risk appetite weakened amid ongoing concerns about the US economy’s recovery prospects following comments on Monday from Ben Bernanke, chairman of the Federal Reserve. Mr Bernanke
WINNIPEG, Manitoba - China's state-owned Sinograin will increase Canadian canola oil imports next year, the Canadian government said on Saturday after failing to secure broader access to the market for Canada's exports of the oilseed. Sinograin, wh
STAPLES, Minn. - A pipeline has spilled at least 210,000 gallons of crude oil in central Minnesota, state officials say. Officials from state and federal pipeline safety agencies were working to contain the spill near Staples, which was discovered a
Arab oil ministers of OPEC said on Friday that the cartel should keep production unchanged when it meets later this month as crude prices are close to the target of 80 dollars a barrel. Why should we raise output? the oil minister of OPEC kingpin
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