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Europe likely to impose oil sanctions on Iran
Stephen Beard Jan 5, 2012
European officials are meeting in Brussels today to discuss an oil embargo against Iran in reaction to the country's nuclear program.
European leaders agree to oil sanctions for Iran
Steve Chiotakis Jan 5, 2012
European officials meeting in Brussels today have reportedly agreed to an Iranian oil embargo. It's the latest move by the west to punish Iran for its nuclear ambitions.
Iranian oil: To ban or not to ban?
Stephen Beard Jan 5, 2012
The European Union has threatened to embargo oil from Iran. Iran snapped back, saying if that happens, it won't let any oil ships pass through the Strait of Hormuz. How might this affect Europe and the U.S.?
Chinese company to invest in U.S. oil drilling
Rob Schmitz Jan 4, 2012
Sinopec will spend billions of dollars on a partnership to drill for natural gas in Ohio. The company is hoping to gain the needed expertise to grow the fracking industry in China.
Nigeria loses oil subsidy, fuel prices double
Stacey Vanek Smith Jan 2, 2012
Nigerians are expressing outrage this morning. The government has just announced it's nixing a longtime fuel subsidy. Gas prices there have more than doubled in many places.
Iraq's oil industry after U.S. withdrawal
Scott Tong Dec 30, 2011
Now that U.S. troops have pulled out Iraq, turns out direct benefit for American oil companies never materialized.
BP oil engineers could face felony charges
Steve Chiotakis Dec 29, 2011
The U.S. government could soon bring criminal charges against some BP employees in the company's huge 2010 oil spill in the Gulf of Mexico.
Other nations promise help if Iran cuts off oil supply
Stephen Beard Dec 28, 2011
Oil prices are down a bit this morning after a Saudi oil official said his country would pump more crude. That follows Iran's threat to block the Strait of Hormuz, where about one fifth of the world's oil passes through.
What the Strait of Hormuz means for world oil
Steve Chiotakis Dec 28, 2011
Iran's navy chief said today his country could very easily close the world's most important oil transit channel. The threat to close it comes after the West imposed more sanctions on Iran over its nuclear program.
Iran oil blockade unlikely to go through
Stephen Beard Dec 28, 2011
Halting, or even dislocating, the flow of one-fifth of the world's oil supply could send the price of crude into the stratosphere. But the oil market doesn't appear to take the threat seriously.
