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LOS ANGELES – The Toyota Camry Hybrid has been named by Motor Trend as the Car of the Year 2007.
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WASHINGTON, D.C. --- Propelled by temporary refinery outages resulting from hurricanes Gustav and Ike, the U.S. average retail price for regular gasoline increased for the first time in 10 weeks.
Read More →NEW YORK --- Oil prices fell on Friday, Dec. 14, after the U.S. federal government reported that consumer inflation last month was the highest it's been in more than two years.
Read More →SAN FRANCISCO --- Crude-oil futures closed below $113 a barrel on Monday, Aug. 18, reflecting the sluggish demand for oil worldwide, MarketWatch reported.
Read More →NEW YORK --- The Organization of Petroleum Exporting Countries is expected to lower output targets by at least 2 million barrels a day, or 7.3 percent, when its members meet Dec. 17, according to 18 of 33 analysts surveyed by Bloomberg.
Read More →NEW YORK --- Crude oil fell below $89 a barrel for the first time since February as the credit crisis deepened in Europe, Bloomberg reported today.
Read More →BERKELEY, Calif. --- Energy giant BP announced it is giving $500 million to a research partnership, headed by the University of California at Berkeley, to produce cleaner energy and develop biofuels.
Read More →WASHINGTON, D.C. --- Retail gasoline prices held steady for the week of Jan. 29, remaining at $2.165 per gallon. Prices were 19.2 cents per gallon lower than at the same time last year, reported the Energy Department's Energy Information Administration (EIA).
Read More →SAN FRANCISCO --- Crude-oil futures fell below $106 per barrel Friday, in position to end the week with a loss of more than 8 percent with no immediate threat to U.S. energy output, a slowdown in global demand still a concern and uncertainty surrounding a meeting of key oil producers next week, Marketwatch reported.
Read More →NEWARK, CA --- By late Monday, Risk Management Solutions had lowered its insured loss estimates from Hurricane Gustav to between $4 billion and $10 billion in total, not including flood damage covered by federal insurance, the Wall Street Journal reported.
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