Russia's gas giant Gazprom said Thursday its net profit tripled to 324.9 billion rubles ($10.6 billion) in the first quarter of the year as the company capitalized on a cold winter in Europe.
By Alejandro Barbajosa SINGAPORE | Thu Sep 2, 2010 2:08am EDT SINGAPORE (Reuters) - Oil dipped on Thursday as investors turned their attention to upcoming U.S. employment reports, following gains of ...
INFLATION DOWN: Inflation in the 16 countries that use the euro fell in August, as consumer prices rose by 1.6 percent in the year to August, down from July's 20-month high rate of 1.7 percent.
RESULTS: Lukoil, Russia's second-largest oil producer, reported a 16 percent drop in second-quarter profit to $1.9 billion due to a rise in export duties and cost inflation. Higher oil prices lifted sales to $25.8 billion from $20.1 billion a year earlier.
Inflation in the 16 countries that use the euro fell in August, official figures showed Tuesday, reinforcing market expectations that the European Central Bank will not be raising borrowing costs this year.
Biofuel company Kior said on Monday it has secured a $75 million loan to build five plants in Mississippi which will convert wood chips into a petroleum replacement. The Pasadena, Texas-based company ...
Oil dipped below US$75 on Monday, chipping away at three days of gains as the bullish impact of a speech from Federal Reserve Chairman Ben Bernanke began to drain away. Positive stock markets and ...