Building new US oil and gas transportation systems could create more than 1 million new jobs, generate as much as $1.34 trillion of private investment, and add $1.89 trillion to nation’s gross domestic product, an ICF study commissioned by the American Petroleum Institute concluded. Source: News

Turning around a company whose sales are comparable to Uruguay’s gross domestic product is no small task, especially when the company itself remains a primary source of revenue for its government owner. Source: News

US light, sweet crude oil futures for June rose modestly in New York but settled under $48/bbl for a second consecutive day May 3 while Brent crude oil prices on the London market also rose modestly and settled under $51/bbl. Source: News