Oil prices surged to a new trading record above $129 a barrel Tuesday amid continuing concern about global supply.
U.S. light crude for June delivery reached $129.58 a barrel in electronic trading, surpassing the previous intraday mark of $127.82 hit Friday as it smashed through the $128 barrier in a matter of minutes. At 11 a.m. [...]
Kazakhstan banned the export of all refined oil products, as the energy-rich Central Asian nation grapples with soaring fuel costs.
The announcement, made by Prime Minister Karim Masimov at a government meeting, comes just days after opposition parties called on his government to resign amid what they call a worsening economic climate.
Kazakhstan has huge oil and [...]
New surveys of regulators and consumers conducted by Deloitte LLP find many people are willing to pay higher prices for electricity, if the costs help reduce global warming.
Most of the 50 state public utility regulators interviewed think the costs of electricity will rise next year because of fuel costs, environmental compliance and capital costs.
But 62 [...]
Buckeye Industrial Mining received a $200,000 state grant to help with a $15 million project that is expected to benefit from Baard Energy’s proposed $5 billion coal-to-fuel conversion plant.
The Ohio Rail Development Commission this week awarded Buckeye Industrial a $200,000 grant the company will use as part of its plans to create a facility for [...]
Buckeye Industrial Mining received a $200,000 state grant to help with a $15 million project that is expected to benefit from Baard Energy’s proposed $5 billion coal-to-fuel conversion plant.
The Ohio Rail Development Commission this week awarded Buckeye Industrial a $200,000 grant the company will use as part of its plans to create a facility for [...]
Oil futures ended a whipsaw session slightly lower, as the expiration of options played havoc with prices, driving crude near record high levels at times and down by more than $3 a barrel at others. Retail gas prices, meanwhile, advanced past $3.77 a gallon.
Options let investors bet oil prices will rise or fall in the [...]
In its weekly report, the Energy Department’s Energy Information Administration (EIA) said gasoline inventories fell by 1.7 million barrels, or 0.8 percent, to 210.2 million barrels last week — 5.9 percent above year-ago levels, the Energy Department’s Energy Information Administration said in its weekly report.
Analysts expected stockpiles of gasoline to fall by only 800,000 barrels, [...]
The export of metals and minerals is expected to grow in the coming financial year as mining projects expand or start production to capture demand from the urbanisation and industrialisation of emerging economies.
The federal government said in its 2007/08 budget papers that “non-rural commodity exports are expected to grow” as new projects and expansions come [...]
