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BP plans to move forward after settlement
Mitchell Hartman 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.
Gas prices reaching new heights this year
Jeremy Hobson 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.
Shell tries to skirt potential court challenges
John Dimsdale 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.
TransCanada to continue with Keystone pipeline in south
Nancy Marshall-Genzer 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.
BP has a lot at stake in 'trial of the century'
Sarah Gardner Feb 27, 2012
BP and other companies involved in the Gulf oil spill could face over $50 billion in damages.
BP oil spill trial postponed
Stephen Beard Feb 27, 2012
The "trial of the century" has been postponed for one week, and the oil giant seems to be scrambling to quickly settle out-of-court.
BP headed to court over Gulf oil spill
Sarah Gardner Feb 23, 2012
The Gulf oil spill trial is set to start Monday, and could cost the oil giant billions.
Iran sanctions could lead to higher gas costs in U.S.
Adriene Hill Feb 20, 2012
Oil prices have jumped to a near nine month high this morning. That's after Iran cut exports to Britain and France over sanctions related to Iran's nuclear program.
Is Iran's nuclear program aimed at making weapons?
Scott Tong Feb 16, 2012
Not everyone is so sure that the answer is yes.
Tensions in Middle East affecting oil prices
Adriene Hill Feb 15, 2012
Oil prices are on the rise today, in part because of news out of Syria. But there are also bigger picture problems to worry about.
