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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.
Federal Reserve, European Central Bank weigh options
Amy Scott Aug 2, 2012
The Fed announced yesterday that it is prepared to act if the economy gets worse -- But for now, nada. Which brings us to the European Central Bank, which is holding a meeting today in Frankfurt and might have a little something up its sleeve for the global economy.
After meeting, is Federal Reserve ready to take action?
Julia Coronado Aug 1, 2012
The Federal Reserve wraps up a two day meeting today in Washington. And the big question -- yet again...will be: Is the Fed ready to launch some new economic stimulus, in line with its mandate to help the country reach full employment?
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.
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.
To convert to gas or electric?
Scott Tong Jul 20, 2012
A faster-cooking kitchen range is the incentive for one family to switch to natural gas. But if you hope to save money, that's just the start.
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.
