Oil in Spotlight

Oil falls on Ida recovery, stronger dollar 3:44pm EST

NEW YORK (Reuters) - Oil prices fell on Tuesday as the dollar firmed and energy companies began restoring offshore operations disrupted by Tropical Storm Ida. Full Article | Video

Ida sloshes ashore, US Gulf oil operations recover 1:59pm EST

MOBILE, Alabama (Reuters) - Ida dwindled to a tropical depression on Tuesday after crawling ashore in Alabama from the Gulf of Mexico, and oil operations in the Gulf were quickly returning to normal after being widely disrupted by the storm. Full Article | Video

U.S. EIA raises 2010 world oil demand outlook 1:21pm EST

WASHINGTON (Reuters) - The U.S. government on Tuesday raised its estimate for world oil demand next year, as Asian economies continue to rebound. Full Article

Court battle to slow roll out of Mexico oil reform 4:00pm EST

MEXICO CITY (Reuters) - A legal challenge to a Mexican oil reform law passed last year means international oil firms will have to wait longer for new contracts aimed at luring them back into the country. Full Article

Global energy costs to soar if no carbon deal: IEA 11:31am EST

PARIS/LONDON (Reuters) - The world faces a surge in energy costs, as well as in planet-warming carbon emissions, unless it can swiftly agree a climate change deal, the International Energy Agency said on Tuesday. Full Article | Video

OPEC undecided on output, sees market balanced: source 5:19am EST

FUZHOU, China (Reuters) - OPEC is still deciding whether to adjust crude output next month, and so far sees a "balanced" market, a senior Gulf source told Reuters on Tuesday in the Chinese city of Fuzhou, on condition of anonymity. Full Article

Oil rally complicates China fuel pricing 2:57am EST

BEIJING (Reuters) - China's latest fuel price rise may be its last easy fuel pricing decision for a while. Full Article

DOE doesn't expect to tap SPR oil due to Ida Monday, 9 Nov 2009 06:24pm EST

WASHINGTON (Reuters) - The U.S. Energy Department said on Monday it is evaluating the impact Tropical Storm Ida may have on U.S. oil supplies, but does not expect oil refineries will need to borrow crude from the Strategic Petroleum Reserve. Full Article

Oil cos shut output in Gulf due to hurricane Sunday, 8 Nov 2009 08:10pm EST

HOUSTON (Reuters) - U.S. oil companies were shutting production on Sunday as they evacuated workers from the Gulf of Mexico ahead of Hurricane Ida, which is forecast to roar across the offshore oil patch Monday before making landfall on Tuesday. Full Article

Fluor, McDermott show where the energy activity is Monday, 9 Nov 2009 06:53pm EST

SAN FRANCISCO (Reuters) - Third-quarter results from two big U.S. engineering and construction companies on Monday offered a timely snapshot of where money is and isn't being spent right now in the oil and gas business. Full Article

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