Oil

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Argentina moves to nationalize its largest oil company

Apr 17, 2012
Spanish oil giant Repsol currently controls Argentina's largest national oil company, but perhaps not for long.
Posted In: Argentina, spain, Repsol, Oil

ExxonMobil to team up with Russian oil company

Apr 17, 2012
ExxonMobil has sealed a landmark deal with Russia's state oil producer. Exxon CEO Rex Tillerson was in Moscow to announce the deal, which gives the U.S. oil giant access to Russia's vast oil fields.
Posted In: Russia, Oil, ExxonMobil

Housing starts drop, a crackdown on oil price manipulation

Apr 17, 2012
There was an unexpected drop last month in housing starts. Meanwhile, President Obama has plans to crack down on those who manipulate oil prices.
Posted In: Oil, Housing

President Obama targets oil price manipulators

Apr 17, 2012
President Obama announced a new crackdown on illegal manipulation of oil prices by traders. He's asking for stronger regulations, bigger penalties for violators and more cops on the regulatory beat.
Posted In: Barack Obama, Oil

Obama wants toothier oversight of oil markets

Apr 17, 2012
The president wants $52 million to help the Commodity Futures Trading Commission shore up industry oversight, something analysts say will do little to oil prices.
Posted In: Oil

India's oil purchases from Iran irk U.S.

Apr 4, 2012
India is a U.S. ally but also one of the top importers of Iranian oil. It could face U.S. sanctions unless it curbs these oil purchases.
Posted In: Oil, India, Iran

Oil leak in Scotland continues to cost Total

Apr 3, 2012
An oil rig off the coast of Scotland has been leaking oil into the North Sea for five days. The rig is owned by French gas company Total, and is costing millions a day in lost revenue and attempted repairs.
Posted In: Scotland, Oil

If the oil subsidies went away

Mar 29, 2012
The defeat of a U.S. Senate bill to end oil company subsidies leads us to wonder: What would actually happen if subsidies ended?
Posted In: Oil, subsidy

Gas prices' latest victim: Refineries

Mar 29, 2012
Squeezed by high oil costs and shrinking demand, major changes are coming in the oil refinery biz.
Posted In: Oil, gas prices

President Obama asks to repeal big oil tax breaks

Mar 29, 2012
The president wants lawmakers to repeal $4 billion worth of tax breaks that oil companies currently get. How much of an issue are these subsidies?
Posted In: Barack Obama, Oil, subsidy

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