Mar 20, 2012 China's government has announced a 7 percent oil price increase. The hike could slow growth but some say it might also reduce wealth inequality.
Mar 16, 2012 After rumors that the U.S. and U.K. might release crude oil stock prices were found untrue -- at least for now -- prices are climbing back up.
Mar 15, 2012 Iran is feeling the effects of U.S. sanctions over its nuclear program. The International Energy Agency says Iranian oil exports have fallen to a ten-year low.
Mar 8, 2012 According to the latest Gallup data, Americans could withstand over $5 a gallon for gasoline before they had to significantly change their buying habits.
Mar 6, 2012 The national average for a gallon of gasoline dipped today after about a month of steady increases. At the same time, tension with Iran could push those back up.
Mar 6, 2012 Oil prices fell today on the possible resumption of nuclear talks between Iran, the U.S. and its allies. But would prices stay down for long?
Mar 5, 2012 The big oil company BP has settled with thousands of Gulf Coast residents and businesses for their economic losses and medical claims from its massive 2010 oil spill -- to the tune of $7.8 billion.
Mar 2, 2012 Yesterday, a report of a pipeline explosion in Saudi Arabia sent oil prices up near a four-year high. The Saudis denied that report, but two things are clear: Oil traders are on edge, and prices remain very high. And obviously, that's trickling right down to the gas tank.
Mar 1, 2012 The oil company hopes to avoid long delays in its plans to start offshore drilling in the Alaskan Arctic Ocean. But a preemptive lawsuit may create more problems than it solves.
Feb 28, 2012 The Canadian oil firm had wanted to run oil all the way from Canada to the Gulf, but President Obama rejected that earlier this year. Now, the company is settling for a pipeline from Oklahoma to Texas.