Aug 31 U.S. to Release Oil From Reserve to Aid Refiners Hit by Hurricane By Admin, PBS News Hour Energy Secretary Samuel Bodman said Wednesday that the administration will release oil from the federal petroleum reserves to help refiners affected by Hurricane Katrina. Continue reading
Aug 02 Chinese Oil Company Withdraws Unocal Bid Amid Political Pressure By PBS News Hour Chinese oil company CNOOC withdrew its $18.5 billion bid for U.S. oil and gas producer Unocal on Tuesday, surrendering to political opposition and leaving American oil company Chevron poised to take over Unocal for about $17.3 billion. Continue reading
Mar 17 Crude Oil Prices Hit New High; OPEC Considers Output Boost By PBS News Hour U.S. light crude oil prices reached a new high by surpassing $57 per barrel Thursday after OPEC's decision to increase production failed to assure traders concerned about tight supplies. Continue reading
Jun 16 Attacks Cripple Iraqi Oil Exports; Security Official Killed Insurgents bombed a key oil pipeline in Iraq Wednesday, crippling the country's 1.6 million-barrel-a-day oil industry and halting all of the country's crude oil exports through the Persian Gulf. Continue reading
May 02 Nigerian Oil Workers Agree to Release 100 Foreign Hostages Striking workers on an oil rig off the coast of Nigeria's Niger Delta agreed Friday to release 100 foreign hostages held captive since April 19. Continue reading