Aug 22, 2012 From Nigeria, the Wall Street Journal has a provocative piece this morning on how the country's protecting its oil industry. The government's paying warlords, thieves and terrorists to guard the same oil pipelines they once plundered.
Aug 21, 2012 Oil refineries are among the many industries that use large volumes of water. A refinery in water-parched southern California turned to waste water for its needs.
Aug 13, 2012 Oil prices have jumped to a three month high in overseas trading. Brent Crude is at $114 a barrel this morning, despite forecasts that say global oil demand will be lower than first expected.
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.
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.
Aug 7, 2012 Shares of the British bank Standard Chartered are tanking in London this morning -- down some 25 percent. New York financial regulators say the bank concealed billions of dollars of illegal transactions for Iranian customers.
Aug 7, 2012 Standard Chartered could soon have its banking license revoked in the nation's financial center, because of allegations that the bank has been hiding tens of thousands of secret transactions with Iran.
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.
Jul 24, 2012 Analysts don't expect a replay of the fight that stopped CNOOC from buying Unocal.