oil

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Dow Breaks 13,000 In Record Close
Dow Breaks 13,000
In Record Close
Apr 25, 2007 3:50 PM CDT

Dow Breaks 13,000 In Record Close

(Newser) - The Dow Jones surged to a record close this afternoon, riding better-than-expected durable good orders in March and soaring profits from online bellweather Amazon to close just past 13,000. News that Alcoa was exploring plans to sell its packaging and consumer business also buoyed shareholders.

Faulty Nigerian Election Sparks Fears of Unrest

Observers call vote a charade; opposition plans protests

(Newser) - The ruling party candidate has won Nigeria's presidential election by a landslide, sparking fears that political unrest could compromise the supply of oil in Africa's largest producer. Umar Yar'Adua was declared the winner of Saturday's election yesterday with 70% of the vote, ending a campaign marked by intimidation, ballot-stuffing, and...

Chicken Fat Doubles as Diesel
Chicken Fat Doubles as Diesel
Apr 17, 2007 10:05 AM CDT

Chicken Fat Doubles as Diesel

Tyson, ConocoPhillips team up to produce biofuels

(Newser) - Two corporate giants are teaming up to produce biofuels and boost their bottom lines. Tyson Foods, the world's biggest meat producer, and third-largest U.S. oil company ConocoPhillips will be using about half of Tyson's animal fat to make a renewable diesel fuel, which will account for about 3% of...

Conoco Calls For Emissions Cap
Conoco Calls For Emissions Cap
Apr 11, 2007 1:15 PM CDT

Conoco Calls For Emissions Cap

First American oil company to support nationwide ceiling

(Newser) - ConocoPhillips is the first American oil company to advocate a U.S. emissions cap, positioning itself to help shape potential federal legislation. Acknowledging that fossil fuels contribute to global warming, the company joined a group of corporations drawing up a plan for a nationwide ceiling.

Big Oil Shut Out Of Iraq Deals
Big Oil Shut Out
Of Iraq Deals
Apr 6, 2007 8:24 AM CDT

Big Oil Shut Out Of Iraq Deals

First new oil contracts go to China, India—even Vietnam and Indonesia

(Newser) - U.S. oil companies are far from first in line as Iraq doles out its initial oil contracts.   China, India—even Vietnam and Indonesia—have the inside track instead, thanks to contracts and infrastructure dating back to the Saddam regime, and more positive Iraqi sentiment. "They have...

Does Saudi Arabia Have a Dubai Complex?

Building binge aims to diversify boom-or-bust oil economy

(Newser) - Saudi Arabia is on a building binge. King Abdullah City—a planned $26.7-billion development where multi-million-dollar yachts will dock in the ports that currently welcome 300,000 Mecca-bound pilgrims—is one of five major “economic cities” the government is building in an attempt to spur private-sector growth and...

Iraqi Cabinet Approves Deal to Divide Oil Revenues

Every region would get a share of profits based on population

(Newser) - The Iraqi cabinet approved a law yesterday spelling out how revenue from the country's petroleum reserves will be doled out to provinces: based on population. The deal, which must be approved by the parliament, eases Sunni fears about being cut out of wealth generated by oil reserves in Shiite areas.

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