Energy Industry News
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Oil tumbled to a seven-month low on speculation that U.S. crude stockpiles climbed to the highest level since 1990 and as the euro weakened on concern that the debt crisis will overwhelm Spain.
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Iraq failed to attract partners for all three natural-gas blocks it offered on the first day of an auction of exploration licenses, awarding rights to only one of the six oil and gas areas put up for bidding.
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In 2009, investor Jeffrey Bronchick told directors of Chesapeake Energy Corp. that he was disgusted with their leadership.
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Brent oil declined to its lowest in five months before a report that may show U.S. stockpiles climbed to the highest level since 1990 and after economic confidence in the euro area fell more than forecast.
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