Soaring Oil and Gas Prices Boost Conoco
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ConocoPhillips COP.N, the No. 3 U.S.  oil company, on Wednesday reported a sharp rise in quarterly  profit, as soaring oil and gas prices offset the impact of  reduced gains on asset sales and lower volumes.
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ConocoPhillips  posted higher  fourth-quarter earnings on Wednesday as record oil prices  outweighed lower profits from gasoline production.
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WASHINGTON - Oil prices darted above $51 a barrel Tuesday as output in the Gulf of Mexico remains in shambles more than two weeks after Hurricane Ivan tore through the region.    Even as the advance in crude futures begins to appear unstoppable, with traders saying $55 a barrel seems possible, some analysts are convinced a speculative bubble has formed...
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record-high crude oil prices, and they are likely to continue rising, an industry analyst said Sunday. From Sept. 24 through Friday, the combined national average for all grades of gas rose from $1.
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Oil prices surged to a new high above $47 a barrel on Wednesday on evidence that energy costs are not substantially slowing the economic growth that fuels oil demand.
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NEW YORK -- Oil prices rose above $70 a barrel yesterday, as persistently high fuel demand and concerns about possible supply disruptions in the Middle East and Nigeria offset news of increasing US inventories.
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Oil prices surged to a new high above $47 a barrel spurred by concern for the safety of oil facilities in Iraq.
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ExxonMobil reaps the benefits of rising energy prices yet again.
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LONDON  - World oil prices climbed on Monday as companies operating in the U.S. Gulf of Mexico braced for output disruptions from powerful Hurricane Ivan.
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ConocoPhillips (COP.N: Quote, Profile, Research) , the No. 3 US oil company, on Wednesday reported a 53 percent jump in quarterly profit, as soaring oil and gas prices offset the impact of lower production volumes.
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Oil prices rose 2 percent yesterday on the back of a rally in heating oil and natural gas futures that was supported by colder weather in the Western Hemisphere.
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Oil extended gains above $71 on Friday,   buoyed by healthy U.S. economic growth that suggest recent   record-high prices may not hit robust demand for oil.
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World oil prices rose on Tuesday as  Hurricane Ivan charged toward the oil-rich Gulf of Mexico,  where energy companies evacuated thousands of offshore workers  and halted some production.
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Oil prices surged over $47 a barrel on  Wednesday on evidence that energy costs are not substantially  slowing the economic growth that fuels oil demand and fresh  threats by rebel militia against Iraqi oil facilities.
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Record prices boost the cost of heating oil, unnerve the stock markets, and clip GDP growth.
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The price of crude oil surged above $50 a barrel in after-hours trading yesterday, raising fears of an economic slowdown and higher prices at the gas pump.
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WASHINGTON - Oil prices charged toward $50 a barrel Monday, and gasoline prices surged to $1.92 a gallon last week, as petroleum output in the Gulf of Mexico returns at a slower-than-expected rate after Hurricane Ivan and geopolitical unrest keeps traders on edge.   "The Ivan damage is persisting," said John Kilduff, senior oil analyst at Fimat USA in New York...