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Gas prices move upward After a month that saw minimal change in gasoline prices across Southern California, a one-day jump from Wednesday to Thursday caused an overall increase in price. Biz JournalAmeren customers to pay less for electricity Ameren Illinois Utilities customers will pay less for electricity beginning June 1 as a result of a sharp decline in the wholesale price of electricity due to the reduced demand for all forms of energy. (AEE) Biz JournalArena Resources 1Q profit plunges, tops view Arena Resources Inc., an oil and natural gas exploration company, said Friday its first-quarter profit sank 65 percent as commodity prices plummeted. Topix.netPump prices jump eight cents Gas prices rose across the state by about eight cents a gallon this week - to $2.15 - almost matching the increase nationally. The Santa Fe area has the most expensive gas at $2.12 while Las Cruces has the least expensive at $2.07 a gallon. Biz JournalHouston gasoline cheapest in Texas Retail gasoline prices in Houston hit the $2 mark this week as prices spiked nationally, according to new data from AAA Texas. Biz JournalSome American Indians threaten to stop efforts to build a pair of northern Minnesota oil pipelines. Some American Indians threaten to stop efforts to build a pair of northern Minnesota oil pipelines. Topix.netChavez says Venezuela to take over oil services The government will quickly take control of hundreds of small boats and other assets belonging to oil service companies operating in Venezuela , President Hugo Chavez said on Thursday, tightening his grip on the industry. Topix.netU.S. Drops Research Into Fuel Cells for Cars The energy secretary said fuel cells, once hailed as a pollution-free way to reduce the nation's independence on foreign oil, will not be practical over the next 10 to 20 years. New York TimesTotal`s Quarterly Net Profit Falls 36% French oil giant Total SA said Wednesday its net profit fell 36 percent in the first quarter as oil prices fell sharply amid the global economic downturn. Topix.netShell CEO warns of further job cuts in recession Royal Dutch Shell Plc, Europe’s largest oil company, may be forced to cut jobs further in the event of a severe economic slowdown. “We don’t know how long the recession will last,” Chief Executive Officer Jeroen van der Veer said today in an interview in Lausitz, Germany. “We have additional cost savings and that can be jobs.” Houston Chronicle |
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