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Crude oil tumbles 8 pct, points to low gas prices this fall

AP-heads-latest-OPEC - 7 min 4 sec ago
NEW YORK (AP) — A slew of global economic and geopolitical factors are working to pummel the price of oil and set up U.S. drivers for very low gasoline prices later this year. (...)
Categories: Business News, Oil

BP to pay record $18.7 billion to states affected by spill

AP-heads-latest-OPEC - 7 min 4 sec ago
NEW ORLEANS (AP) — More than five years after the worst offshore oil spill in U.S. history fouled beaches, coated seabirds in thick goo and threatened delicate marshes, BP has agreed to pay a record settlement to affected states in hopes of bringing an end to a legal drama that has cost the company billions. (...)
Categories: Business News, Oil

$18.7B deal clears path for BP to close books on Gulf spill

AP-heads-latest-OPEC - 7 min 4 sec ago
NEW ORLEANS (AP) — Trying to close the books on the worst offshore oil spill in U.S. history, BP agreed Thursday to provide billions of dollars in new money to five Gulf Coast states in a deal the company said would bring its full obligations to an estimated $53.8 billion. (...)
Categories: Business News, Oil

How 5 Gulf Coast states will divide BP oil spill settlement

AP-heads-latest-OPEC - 7 min 4 sec ago
NEW ORLEANS (AP) — Most of the $18.7 billion proposed settlement that BP reached over its 2010 Gulf of Mexico oil spill would go to five Gulf Coast states, if the deal is approved by a judge. A portion of the settlement is not assigned to any particular state. Here's how the state-specific money breaks down, with payments to states being made over nearly two decades: (...)
Categories: Business News, Oil

Crude oil tumbles 8 pct, points to low gas prices this fall

AP-heads-latest5-business-oil - 22 min 1 sec ago
NEW YORK (AP) — A slew of global economic and geopolitical factors are working to pummel the price of oil and set up U.S. drivers for very low gasoline prices later this year. (...)
Categories: Business News, Oil

Crude oil tumbles 8 pct, points to low gas prices this fall

AP-heads-latest5-business-oil - Mon, 07/06/2015 - 1:45pm
NEW YORK (AP) — A slew of global economic and geopolitical factors are working to pummel the price of oil and set up U.S. drivers for very low gasoline prices later this year. (...)
Categories: Business News, Oil

Crude oil tumbles 8 pct, points to low gas prices this fall

AP-heads-latest-OPEC - Mon, 07/06/2015 - 1:30pm
NEW YORK (AP) — A slew of global economic and geopolitical factors are working to pummel the price of oil and set up U.S. drivers for very low gasoline prices later this year. (...)
Categories: Business News, Oil
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