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Oil prices jump despite expected lower demand
Julia Coronado Aug 13, 2012
Oil prices have jumped to a three month high in overseas trading. Brent Crude is at $114 a barrel this morning, despite forecasts that say global oil demand will be lower than first expected.
Chevron refinery fire hits oil market
Juli Niemann Aug 7, 2012
A major refinery for Chevron caught fire in California last night. The fire in Richmond, outside of San Francisco, has been extinguished, but the fire could be bad news for drivers across the West, because one less refinery online is likely to mean higher gas prices.
Oil refinery catches fire in Northern California
Eve Troeh Aug 7, 2012
A major refinery for Chevron caught fire in California last night. The fire has been contained, but it's still burning. And one less refinery won't be any help for already high gas prices.
BP oil earnings report shows signs of weakness
Stephen Beard Jul 31, 2012
The British oil company BP is reporting a sharp drop in profits. The company made just $238 million last quarter, compared with more than $5 billion a year ago.
China wants oil company with U.S. assets
Mitchell Hartman Jul 24, 2012
Analysts don't expect a replay of the fight that stopped CNOOC from buying Unocal.
Report: Plain Writing Act fails to live up to its name
Jeff Horwich Jul 23, 2012
About a year ago a law went into effect called the Plain Writing Act, meant to compel federal agencies into communicating with the public in a more accessible way. Now a nonprofit has come out with its first report card based on the act, and most agencies are not doing very well.
Oil services firms get squeezed by slowdown
Mark Garrison Jul 20, 2012
Schlumberger and Baker Hughes help big oil drill. But their business is softening as some drillers pull back due to the economic slowdown.
British lawmakers concerned over oil price reporting
Stephen Beard Jul 16, 2012
In the U.K. today, lawmakers are highlighting an overlooked G20 report that says oil price-reporting has some uncomfortable similarities to the LIBOR rate fixing scandal.
EU sanctions Iran by refusing to insure oil tankers
Kai Ryssdal Jul 12, 2012
Iranian oil producers may find other ways to sell their product, but with few options to insure their ships, a lot of oil will be sitting in the harbor.
What Americans think about taxing the rich
Frank Newport Jul 12, 2012
President Obama is calling for renewing the Bush tax cuts, except for those making $250,000 a year and more. Gallup's Frank Newport on what people think about that proposal.
