The U.S. oil industry, riding a domestic energy boom, is preparing to challenge restrictions on crude exports, possibly by arguing that limits designed to keep petroleum in America may violate international trade rules.
Even by the abrasive nature of Australian political sparring, the war of words between Prime Minister Kevin Rudd and Rupert Murdoch, who controls more than two-thirds of the nation’s urban newspaper market, is shaping up to be the most acrimonious in its election history.
Noble Group Ltd. won a court order appointing liquidators for Ebullio Commodity Master Fund LP, which Asia’s largest raw-materials trader said had failed to pay it about $4.9 million for contract breaches.
President Barack Obama twice in the past week has made openly critical comments about the proposed Keystone XL oil pipeline from Alberta, questioning its value as a job creator and suggesting Canada do more to assuage environmental concerns.
Ford Motor Co., the second-largest U.S. automaker, tomorrow may report that first-quarter profit slid by almost half as earnings in North America couldn’t overcome losses in the automaker’s international operations.