Oil futures fell in Asian trade on Wednesday after industry data pointed to a potential ninth straight week of inventory builds, renewing concerns about an oversupply of oil despite output curbs by OPEC and non-OPEC members. Brent futures fell 29 cents, or 0.5 percent, to $55.63 as of 0504 GMT after settling down 0.2 percent in the previous session.
Category: Department of Energy
Oil Prices Fall on Bloated U.S. Fuel Inventories, Stalling China Demand
Oil prices slid on Wednesday to extend falls from the previous session, as a big increase in U.S. crude inventories and a slump in Chinese demand implied that global oil markets remain oversupplied despite OPEC-led efforts to cut output. International Brent crude futures were trading at $54.81 per barrel at 1257 GMT, down 24 cents from their previous close.
How one womana s fight is helping workers decades after Santa Susana radiation exposure
Bonnie Klea, a former secretary for the Department of Energy who worked at the Santa Susana Field Lab, recently scored a victory on behalf of thousands of workers. Based on documents Klea filed beginning in 2007, the federal government decided that those who were employed by the DOE to work at the Santa Susana Field Lab and related offices from 1948 to 1988 should be compensated for illnesses they may have suffered as a result of working there.
How the Department of Energy plans to clean up toxic Santa Susana Field lab
Visitors make their way by the remains of VTS-1 at the Santa Susana Field Lab Thursday, August 12, 2010. Many community members and former Rocketdyne employees were on hand for the tour.
How one womana s fight could help workers decades after Santa Susana radiation exposure
Bonnie Klea, a former secretary for the Department of Energy who worked at the Santa Susana Field Lab, recently scored a victory on behalf of thousands of workers. Based on documents Klea filed beginning in 2007, the federal government decided that those who were employed by the DOE to work at the Santa Susana Field Lab and related offices from 1948 to 1988 should be compensated for illnesses they may have suffered as a result of working there.
Toyota’s hydrogen-powered car wants to be the alternative to…
Right now, if you want an alternative-fuel vehicle, you have to pick from offerings that either require gasoline or an electrical outlet. The gas-electric hybrid and the battery-powered car – your Toyota Priuses, Chevy Volts, and Teslas – are staples in this space.
Oil Prices on Track for Greatest Yearly Percentage Gain Since 2009
Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non-OPEC countries to cut crude production output. U.S. benchmark West Texas intermediate crude futures were up 23 cents to $54.00 at 0746 GMT.