Oil

Oil Trades Near $126 After Rising on Euro, Conflict in Beirut - Bloomberg
May 12 (Bloomberg) -- Crude oil traded near $126 a barrel in New York after setting records on five straight days last week as the dollar fell against the euro, prompting investors to buy commodities as a hedge against the currency's decline. Oil ... (more...)

Bulls push oil over US$126 - New Zealand Herald
Oil jumped to a new intraday record of US$126.20 a barrel at the weekend, extending gains to more than 11 per cent since the start of the month on fuel supply concerns and a rush of speculator buying. "It appears that any calculations that included ... (more...)

Ecuador wary of World Bank arbitration in Occidental case - Atlanta Journal Constitution
QUITO, Ecuador ? President Rafael Correa said Saturday he has "no confidence" in the World Bank arbitration branch that is hearing U.S. oil company Occidental's lawsuit against Ecuador. Ecuador "handed over its sovereignty" when it signed ... (more...)

Democrat pushes GOP to alter energy policy - Houston Chronicle
WASHINGTON ? The public must pressure Republicans in the White House and Congress to change directions in the country's energy policies, which have pushed oil and gas prices to record highs, a Democratic lawmaker said Saturday. Sen. Debbie Stabenow ... (more...)

Oil Lobby Reaches Out to Citizens Peeved at the Pump - Washington Post
Faced with a national outcry over the high price of gasoline and soaring profits for energy companies, the oil and gas industry is waging an unusually pricey campaign to burnish its image. The American Petroleum Institute , the industry's main lobby ... (more...)

Tokyo shares outlook - Lower on worries about oil prices, credit woes - Forbes
disclosed plans to raise cash and oil prices surged to new record levels. AIG reported it lost $7.81 billion -- its second straight quarterly loss -- and revealed plans to raise $12.5 billion in the coming months. The world's largest insurer, like ... (more...)

EnCana dividing into 2 companies: one oil, one gas - Seattle Post Intelligencer
CALGARY, Alberta -- Canada's biggest natural gas company said Sunday it is splitting into two separate energy companies: a fully integrated oil company and a natural gas company. EnCana Corp. will create a publicly traded integrated oil company with ... (more...)

Oil steady above $126, Middle East violence supports - Forbes
PERTH, May 12 (Reuters) - Oil hovered close to record levels above $126 a barrel on Monday as violence in the Middle East heightened worries of supply disruptions in the world's largest crude producing region. U.S. light crude for June delivery rose ... (more...)

EnCana dividing into 2 companies: one oil, one gas - Kansas City Star
Canada's biggest natural gas company said Sunday it is splitting into two separate energy companies: a fully integrated oil company and a natural gas company. EnCana Corp. will create a publicly traded integrated oil company with oilsands as the ... (more...)

Oil Trades Near $126 After Rising on Euro, Conflict in Beirut - Bloomberg
May 12 (Bloomberg) -- Crude oil traded near $126 a barrel in New York after setting records last week as a weaker dollar prompted investors to buy commodities and fighting in Beirut added to concerns that Middle East supplies may be disrupted. Oil ... (more...)