LONDON (AP) — European anti-trust authorities have launched investigations into at least three oil companies on suspicion of price-fixing.
NEW YORK (AP) — The price of oil slid by nearly $1 a barrel Tuesday as the International Energy Agency raised its forecast for U.S. oil production while cutting its prediction for global crude demand.
IEA Executive Director Maria van der Hoeven said the U.S. should allow crude oil exports before the oil industry moves to circumvent restrictions, Reuters reports.
ConocoPhillips CEO Ryan Lance projected the company would expand production by 25 percent by 2017, FuelFix reports.
Brookings Institution forum on Revenue Watch 2013 Resource Governance Index. Revenue Watch Institute President Daniel Kaufmann, State Department Special Envoy and Coordinator for International Energy Affairs Carlos Pascual to speak.
BANGKOK (AP) — The price of oil rose Tuesday after U.S. retail sales unexpectedly increased in April.
TEHRAN, Iran (AP) — Iran's oil minister says the country supports prices of $100 for a barrel of crude.