Oil
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Delta buying oil refinery to help reduce costs
May 1, 2012
In a first for an airline, Delta plans to pay $150 million for an oil refinery in Pennsylvania in a effort to bring some order to its fuel prices. But even if Delta's oil refinery deal works out well, fares are probably not going to drop.
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Delta Air Lines is buying its own refinery
May 1, 2012
The airline has had enough of price hikes and supply interruptions. But whether the airline can run a refinery is another question.
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This is the oil business
Apr 20, 2012
Oil doesn't come from a gas pump, it comes from modern-day prospectors who depend on data ... and luck.
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Gas prices inch down, but for how long?
Apr 19, 2012
They always seem to come down slower than they went up, but gasoline prices are beginning to ease -- there could be more relief in sight.
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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.
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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.
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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.
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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.
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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.
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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.
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