Oil and gas production in the Gulf of Mexico is slowly coming back online following Tropical Storm Lee, but more storms are looming and consumers may soon be feeling the effects.

Gasoline prices are near the highest they've ever been this time of year. Americans have been using less gas thanks to greener cars and the poor economy.

BP's offices were raided earlier today as part of a lawsuit against the company. The oil giant is being sued for damages by a shareholder after BP lost a similar deal with Russian company Rosneft to explore the Arctic for oil.

Yesterday, oil giants ExxonMobil and Rosneft of Russia struck a deal to explore oil in the Arctic. This comes as yet another blow to BP who also had its hopes set on the region.

The need to maintain oil supply lines in combat puts soldiers at risk

It's expected that the State Department will release its final environmental assessment of the Keystone XL pipeline. There have been protests in Washington against the pipeline for two weeks.

Students flock to college programs in the field with six-figure starting salaries as incentive

As the conflict ends, the fate of Libya's damaged oil industry rests with the National Ruling Council.

Will the end of the conflict in Libya mean lower prices at the pump? Juli Niemann explains why we might not feel the difference in our wallets any time soon.

If the conflict in Libya ends, much of its oil production will eventually resume. But how much of that will really affect global prices for crude?