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.
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.
Dec 30, 2011 Now that U.S. troops have pulled out Iraq, turns out direct benefit for American oil companies never materialized.
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.
Dec 28, 2011 San Francisco has raised to the minimum wage to over $10 an hour, and that will effect the cities famed restaurants. On the other side of the country, negotiations will start today in New York between building owners and the union representing the people that clean those buildings. As the 10 year birthday of the euro approaches, David Brancaccio looks back at how Marketplace's resident poet described the deal at the time.
Dec 28, 2011 As the European Union prepares to increase sanctions on Iran over its nuclear program, the Islamic Republic has retaliated with a threat to close the Strait of Hormuz, a strategic waterway for oil exports.
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.
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.
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.