Oil price climbs to highest level since 1990 on Saudi attack
Oil rose to 38.21 to a barrel the highest since Oct 16, 1990, as the weekend attack on ABB Lummus Global fuel offices in Saudi Arabia spurred fears of supply disruption. Gasoline futures topped 1.26 per gallon while demand and refinery limits push pump prices higher ahead of summer driving season.
MENTIONED IN THIS ARTICLE
Washington
Saudi Arabia
Ial
New York Mercantile Exchange
ABB Lummus Global Inic
Middle East
Tom Kloza
Oil Price Information Service
Ed Silliere
Energy Merchant LLC
Silliere
Energy Department
El Paso to restate oil and gas reserves over four years
El Paso Corp will restate proved oil and gas reserves for 1999 to 2003 after an independent review found employees used aggressive and unsupported methods. The review supported the restatement and is part of ongoing SEC and US Attorney inquiries. Over 200 interviews and 10,000 documents were examined.
MENTIONED IN THIS ARTICLE
Houston
el Paso Corp
el Paso
Kim Wallace
John Olson
Sanders
Morris Harris
Securities and Exchange Commission
US Attorney’s Office
Haynes and
Boone LLP
el Paso Cgp Co
el Paso Production Holding Co
GM Delivers First Full-Size Hybrid Pickup in Florida
GM introduced the Silverado hybrid pickup to Miami-Dade County during a Fort Lauderdale conference, delivering the first full-size hybrid in the U S. The mild hybrid promises 10 to 12 percent better fuel economy than conventional rigs, with retail availability and pricing to unfold later.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Miami-Dade County
Fort Lauderdale
Fla
Miami- Dade County
Ford Motor Co
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P.O
Odessa
East 4Th Street
Terry Thompson- Anderson
Texas
Bob Parvin
Ralph Smith
Lone Star
Revere
Bob Phillips
New Orleans
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The
Odessa American