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.
Feb 27, 2012 BP and other companies involved in the Gulf oil spill could face over $50 billion in damages.
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.
Feb 23, 2012 The Gulf oil spill trial is set to start Monday, and could cost the oil giant billions.
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.
Feb 16, 2012 Not everyone is so sure that the answer is yes.