In Nigeria, former bandits getting government pay

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.
Posted In: Nigeria, Oil

An oil refinery secures an essential material: Water

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.
Posted In: refineries, Oil, water

Oil prices jump despite expected lower demand

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.
Posted In: Oil, consumer

Chevron refinery fire hits oil market

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.
Posted In: Oil, Chevron, fire

Oil refinery catches fire in Northern California

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.
Posted In: Oil, Chevron, fire

BP oil earnings report shows signs of weakness

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.
Posted In: BP, Oil, Earnings

China wants oil company with U.S. assets

Jul 24, 2012
Analysts don't expect a replay of the fight that stopped CNOOC from buying Unocal.
Posted In: Oil, China, CNOOC

Oil services firms get squeezed by slowdown

Jul 20, 2012
Schlumberger and Baker Hughes help big oil drill. But their business is softening as some drillers pull back due to the economic slowdown.
Posted In: Oil

British lawmakers concerned over oil price reporting

Jul 16, 2012
In the U.K. today, lawmakers are highlighting an overlooked G20 report that says oil price-reporting has some uncomfortable similarities to the LIBOR rate fixing scandal.
Posted In: Oil, LIBOR, price fixing

EU sanctions Iran by refusing to insure oil tankers

Jul 12, 2012
Iranian oil producers may find other ways to sell their product, but with few options to insure their ships, a lot of oil will be sitting in the harbor.
Posted In: Iran, Oil, European Union, sanctions