Oil Surges Above $76 as BP Shuts Alaska Field, Largest in U.S.
Crude oil surged above $76 a barrel, the biggest gain in two weeks, after BP Plc said it will shut Alaska’s Prudhoe Bay field, where 8 percent of U.S. oil is produced.
August 7, 2006
Putin controls end oil gusher
A five-year oil boom is ending in Russia, the world’s second-largest oil exporter, as President Vladimir Putin increases government control over the industry, curtailing investment in new wells, rigs and pipelines.
March 16, 2005