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.
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.
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.
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.