Oil

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Crude oil prices on the rise

Mar 16, 2012
After rumors that the U.S. and U.K. might release crude oil stock prices were found untrue -- at least for now -- prices are climbing back up.
Posted In: Oil, crude oil, U.K.

Sanctions hitting Iranian oil production hard

Mar 15, 2012
Iran is feeling the effects of U.S. sanctions over its nuclear program. The International Energy Agency says Iranian oil exports have fallen to a ten-year low.
Posted In: Iran, Oil, sanctions

How gas prices are affecting Americans

Mar 8, 2012
According to the latest Gallup data, Americans could withstand over $5 a gallon for gasoline before they had to significantly change their buying habits.
Posted In: gas, Oil, 2012 election

Gas prices drop slightly, but could still rise

Mar 6, 2012
The national average for a gallon of gasoline dipped today after about a month of steady increases. At the same time, tension with Iran could push those back up.
Posted In: gas, Oil, Unemployment

The 'what ifs' in oil prices

Mar 6, 2012
Oil prices fell today on the possible resumption of nuclear talks between Iran, the U.S. and its allies. But would prices stay down for long?
Posted In: Oil, Iran

BP plans to move forward after settlement

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.
Posted In: BP, Oil, settlement, deep water drilling

Gas prices reaching new heights this year

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.
Posted In: gas prices, Oil

Shell tries to skirt potential court challenges

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.
Posted In: Oil, Shell, Alaska, lawsuit, offshore drilling

TransCanada to continue with Keystone pipeline in south

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.
Posted In: Keystone pipeline, gas pipelines, TransCanada, Oil

Iran sanctions could lead to higher gas costs in U.S.

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.
Posted In: Oil, Iran, sanctions, gas prices

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