All posts tagged "oil"

  • (Yonhap/KCNA)
    British expert: ‘N. Korea could have oil, gas’

    By Choi Sung-jin In November 1998, Chung Ju-yung, the late founder of the Hyundai Group, returned from North Korea and surprised people, saying, “Pyongyang sits on a vast reserve of crude oil.” The South Korean tycoon’s excitement...

    • Posted November 14, 2015
    • 3
  • A woman fills her car up with gas in Los Angeles on Sept. 10, 2015. (Park Sang-hyuk/Korea Times)
    Good News: Dipping US gas prices projected to reach $2 mark

    By Brian Han Pump prices around the U.S. are dipping below three dollars in some states and analysts predict it might keep moving in that direction. Goldman Sachs slashed its forecasts from $57 a barrel to $47...

    • Posted September 11, 2015
    • 1
  • A pumpjack operates next to Tony Lemon's home, Thursday, Jan. 15, 2015, in Bakersfield, Calif. Lemon and other neighbors living around the idled well said they had been told nothing of any threat to local water. But Lemon said he trusted oil companies to safeguard the public water supply. “As long as they know what they’re doing, taking care of business,” Lemon said. (AP Photo/Jae C. Hong)
    California pledges changes in protecting underground water

    SAN FRANCISCO (AP) — California is proposing broad changes in the way it protects underground water sources from oil and gas operations, after finding 2,500 instances in which the state authorized oil and gas operations in protected...

    • Posted February 9, 2015
    • 0
  • (Yonhap)
    Gas prices drop (?) to less than $6 per gallon in S. Korea

    SEOUL (Yonhap) — South Korean oil refiners have lowered gasoline prices for four consecutive weeks and are set to announce another cut this week to reflect the plunge in crude prices from a global supply glut, the...

    • Posted December 8, 2014
    • 2
  • (Korea Times file)
    Average US gas prices to plunge to $2.50 per gallon

    (AP) — The U.S. economy will receive an outsized benefit from lower oil prices because the U.S. is the world’s largest oil consumer. The bottom should come between $2.50 and $2.70 a gallon says Tom Kloza, chief oil...

    • Posted November 28, 2014
    • 0