Crude bounces back, climbing above $80 again Oil prices rose above $80 a barrel again on Tuesday, climbing at a time of the year when crude and gasoline prices typically move higher.
Oil gains to around $79 amid mixed US data Oil prices hovered near $79 a barrel Tuesday as investors considered mixed signals about the strength of the U.S. economy and the dollar's fluctuations against the euro.
BP seeks $3B boost to pretax profit LONDON - BP PLC pledged Tuesday to boost its annual pretax profit by more than $3 billion over the next two to three years, with plans for scores of new projects to counter declining output from existing oil and gas fields.
Croatia joins Kremlin-backed South Stream pipeline MOSCOW--Croatia has joined the Russia-backed South Stream pipeline project that will run under the Black Sea to supply a handful of south European countries.
Energy leaders will blanket Capitol Mar. 2--WASHINGTON -- The leaders of dozens of independent oil and gas companies are swarming Capitol Hill this week to press lawmakers against hiking industry taxes and against imposing new federal regulations on drilling techniques.
Source says BP extending its U.S. natural gas reach Mar. 2--BP has made a joint- venture deal with privately held Lewis Energy Group that will expand the British oil giant's position in the U.S. natural gas business and find it entering a fast-emerging field in South Texas, according to a person familiar with the situation.
