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Delta Air Lines is buying its own refinery
John Dimsdale May 3, 2012
The airline has had enough of price hikes and supply interruptions. But whether the airline can run a refinery is another question.
This is the oil business
Alex Chadwick Apr 19, 2013
Oil doesn't come from a gas pump, it comes from modern-day prospectors who depend on data ... and luck.
Gas prices inch down, but for how long?
John Dimsdale Apr 19, 2012
They always seem to come down slower than they went up, but gasoline prices are beginning to ease -- there could be more relief in sight.
Argentina moves to nationalize its largest oil company
Tom Burridge Apr 17, 2012
Spanish oil giant Repsol currently controls Argentina's largest national oil company, but perhaps not for long.
ExxonMobil to team up with Russian oil company
Peter van Dyk Apr 17, 2012
ExxonMobil has sealed a landmark deal with Russia's state oil producer. Exxon CEO Rex Tillerson was in Moscow to announce the deal, which gives the U.S. oil giant access to Russia's vast oil fields.
Housing starts drop, a crackdown on oil price manipulation
Juli Niemann Apr 17, 2012
There was an unexpected drop last month in housing starts. Meanwhile, President Obama has plans to crack down on those who manipulate oil prices.
President Obama targets oil price manipulators
John Dimsdale Apr 17, 2012
President Obama announced a new crackdown on illegal manipulation of oil prices by traders. He's asking for stronger regulations, bigger penalties for violators and more cops on the regulatory beat.
Obama wants toothier oversight of oil markets
Sarah Gardner Apr 17, 2012
The president wants $52 million to help the Commodity Futures Trading Commission shore up industry oversight, something analysts say will do little to oil prices.
India's oil purchases from Iran irk U.S.
Christopher Werth Apr 4, 2012
India is a U.S. ally but also one of the top importers of Iranian oil. It could face U.S. sanctions unless it curbs these oil purchases.
Oil leak in Scotland continues to cost Total
Stacey Vanek Smith Apr 3, 2012
An oil rig off the coast of Scotland has been leaking oil into the North Sea for five days. The rig is owned by French gas company Total, and is costing millions a day in lost revenue and attempted repairs.
