The Street - Commodities News

EU officials say there is no reason to panic, despite several countries having to dip into reserves to meet the shortfall.

The number of rigs considered active, meaning they're currently exploring for oil and gas, now numbers 1,623.

While oil jumped 14% Wednesday, it was a small move compared to its drop from the highs of the year.

While oil jumped 14% Wednesday, it was a small move compared to its drop from the highs of the year.

The company completed its previously announced sale of Northeastern electricity marketing assets.

No agreement has been reached on payments for 2009, so the Russian gas company will be turning it off.

Oil inventories rose by half a million barrels, a surprise given expectations for a drop.

A dispute with the Russian energy giant heats up as the country threatens to withhold gas destined for Western Europe.

The company is asking for a $2 billion debt to be settled, as well as sharply higher payments to resume delivery.

Rising tensions over the Israeli-Palestinian conflict causes a surge in crude.

The average price of regular gasoline Friday was $1.66 a gallon, the lowest point in nearly five years, according to analyst Trilby Lundberg.

Despite production cuts by OPEC, the weight of the global economic slowdown continues to push prices down.

West Texas crude trading at the New York Mercantile Exchange was down 55 cents at $43.05 a barrel.

The solar power company is planning on hiring up to 300 in the state, and perhaps three times that in Tennessee.

Falling oil prices have caused many to believe that a production cut is imminent, which was probably the source of today's rumors.