Energy Industry News
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Oil climbed to a six-week high after manufacturing in the U.S. and Asia expanded in December and as concern persisted that further sanctions against Iran may disrupt shipments.
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Nigeria, Africa’s biggest oil producer and most populous nation, braced itself for nationwide protests after the government scrapped subsidies on fuel, doubling gasoline costs.
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BP Plc seeks to have Halliburton Co., its cement contractor for the Macondo well project whose blowout set off the 2010 Gulf of Mexico oil spill, pay all of the oil company’s related costs and damages.
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Oil climbed in New York after manufacturing activity in China and India expanded, while concern persisted that further sanctions against Iran may disrupt supply.