Topic: Fadel Gheit
Halliburton has agreed to pay a fine for its role in the 2010 Gulf oil spill, thereby resolving a U.S. Justice Department criminal probe. Still, Halliburton, the cement contractor involved in the spill, has a powerful incentive to cut another deal with businesses and residents.
Oil analysts don't expect sudden changes in Venezuela oil policies after Hugo Chavez's death. But political change in post-Chavez Venezuela could open its oil industry to much wider foreign investment.
President Cristina Kirchner's plan to seize a majority stake in oil company YPF SA, owned by Repsol YPF of Spain, is causing diplomatic tensions with Spain and the European Union.
Oil prices: Americans will spend more than $448 billion on gasoline this year. Rise in oil prices also means more than $1 trillion for OPEC.
12/10/2011 05:41 pm
ConocoPhillips shares jump almost 10 percent in premarket trading
07/14/2011 09:51 am
Industry analysts say seeking protection under the bankruptcy law now won't help BP pay its US workers and retirees, nor the cleanup from the Gulf oil spill.
06/11/2010 10:06 am
If the global economy slows, oil prices will fall. But probably not until after March.
01/04/2008 12:00 am