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05.03.2014 US court overrules Ecuadorian judgment against Chevron

The U.S. District Court for the Southern District of New York on March 4 ruled that the $9.5 billion judgment against Chevron Corporation in Ecuador was the product of fraud and racketeering, finding it unenforceable.

05.12.2013 WTI Trades Near Five-Week High

West Texas Intermediate traded near the highest price in more than a month after crude inventories shrank for the first time in 11 weeks in the U.S., the world’s biggest oil consumer, Bloomberg reported on December 5.

22.10.2013 WTI Oil Trades Below $100 a Second Day

West Texas Intermediate traded below $100 a barrel for a second day after crude stockpiles rose to a 15-week high in the U.S., the world’s biggest oil consumer, Bloomberg said on October 22.

24.09.2013 Petrobras Takes Part In Leaders Summit In New York

The Social Responsibility Executive Manager for Petrobras, Armando Tripodi, spoke on Friday (20th) at the 2013 Leaders Summit, a triennial meeting of Company executives that are part of the United Nations Global Compact in New York.

02.09.2013 API Announces Court Of Appeals Review Of Hydraulic Fracturing Bans Could Open Economic Opportunity In New York

New York State Petroleum Council Executive Director Karen Moreau welcomed the decision by New York’s Court of Appeals to hear from local landowners and the oil and natural gas industry on hydraulic fracturing bans in Middlefield and Dryden that stand in the way of needed