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.
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.
Jul 6, 2012
Several small towns in Texas are growing because of new oil and gas drilling. But can the boom last?
Jun 29, 2012
The residents of Roxana, Ill. debate if the oil refineries in and around their town represent jobs and money, cancer or something else.
Jun 27, 2012
Oil prices are down about 25 percent in the past few weeks. Those falling oil prices are good for our pocketbooks. They're also good for American foreign policy.
Jun 21, 2012
If you've been to a gas station recently, you know that prices are down -- on average, about 20 cents lower per gallon than a month ago. That's in part because the price of oil is at an eight-month low.