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Exxon barred from Iraqi oil, gas auction
NEW YORK, Jan. 9 (UPI) -- Crude oil prices fell on the New York Mercantile Exchange Friday as weaker economies continued to point to eroding demand.
Crude oil prices fell $2.24 to $40.46 per barrel despite an Organization of Petroleum Exporting Countries production cut that went into effect the first of the year.
Heating oil prices also fell, down 0.045 cents to $1.488 per gallon. Reformulated blendstock gasoline rose 0.001 cents to $1.111 per gallon. Natural gas prices dropped 0.059 cents to $5.538 per million British thermal units.
At the pump, the average price for a gallon of regular unleaded gasoline was $1.782 Friday, up from Thursday's $1.762 a gallon, AAA said.
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BOGOTA, Feb. 14 (UPI) --
Colombia's energy industry is heading toward a price fall because of oversupply of electricity, which could bodes ill for the expanding power generation sector.
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SINGAPORE, Feb. 14 (UPI) --
Sikorsky plans to expand business operations in Asia and is opening an office in Malaysia to kick off the effort.
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Compared to whites, greater shares of both black and Hispanic young adults say owning their own home is among their top priorities. While 25 percent of blacks and 26 percent of Hispanics say owning a home is of the highest importance in their lives,...
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President Barack Obama has revealed a budget that, once again, will give the Republican party a chance to show that vitriol is more fun than compromise.
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