New oil leak found in the Gulf of Mexico, emergency again?

The US Coast Guard dispatched emergency teams Tuesday after a boat crashed into an oil well off the coast of New Orleans, spilling crude oil into the Gulf of Mexico.Oil ...

BP Gulf oil spill may cost US taxpayer almost $10bn

BP has said it plans to offset the entire cost of its Gulf oil spill against its tax bill, reducing future contributions to US tax coffers by almost $10bn.BP took ...

Goldman Sachs forecast that oil prices are too cheap

Goldman Sachs forecast that oil prices are “significantly” below the level warranted by fundamentals, offering hedging opportunities for 2010 and 2011, hence is oil way too cheap?Goldman Sachs said in ...

Oil prices trading flat on lower dollar, awaits US markets

Oil prices are trading flat on Tuesday as the US dollar sinks lower and it seems that many investors are once again awaiting the US market open to get a ...

BP crashes to £11bn loss, writes off £20.8bn for oil spill

BP confirms the company posted losses of £11bn for the second quarter of the year and will write off £20.8bn to cover the cost of the Gulf of Mexico oil ...

BP restarts work to kill Gulf oil well as Bonnie dissipates

BP restarts work today to permanently plug and kill the Gulf oil well after tropical storm Bonnie dissipates and the well pressure is holding up to general expectations.BP continues to ...

Brent oil trading firm near $78 on weaker US dollar

Brent oil is trading firm near the $78 mark today with prices receiving a small lift as the US dollar showed signs of becoming weaker.In London, Brent crude oil futures ...

WTI oil price at $79, looks to recovery signs and markets

WTI oil prices are trading at the $79 mark on Monday afternoon as future prices may come from recovery signs in the US and Europe as well as activity in ...

Oil prices may lift as EU hit Iran with new oil santions

Oil prices may see a lift this week as the EU hit Iran with new and tough sanctions against its vital oil industry today in a bid to lure Iran ...

WTI oil trading near $80 as Gulf storm Bonnie fades away

WTI oil prices open trading close to the $80 mark in Asia as the US Gulf gets spared from the worst of tropical storm Bonnie which fell apart as it ...
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