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

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

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

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

Do Americans approve of Obama's energy plan?

Mar 22, 2012
President Obama is touting a new "all of the above" energy plan that supports more of both oil and alternative energy production. What do Americans want in an energy policy?
Posted In: Barack Obama, energy, Oil, alternative energy

The scarce ways that crude oil costs could drop

Mar 21, 2012
The president might be able to do little to really bring down short term gas prices. But reporter Scott Tong outlines some things that actually would affect the price.
Posted In: Oil, Iran, oil prices

What can be done about high oil prices

Mar 21, 2012
Oil prices are slightly lower this morning in overseas trading, around $124 a barrel, but that is still very high. And those high oil prices are leading to high gas prices which are starting to really worry some economists who are concerned about our recovery and whether or not it could be derailed.
Posted In: Oil, gas prices