Oil

The company, which has faced much controversy after being partially responsible for the biggest oil spill in U.S. history, says it has reached a turning point.

Houston-based Kinder Morgan looks to buy rival El Paso Corp. for $21 billion.

Alaskans get $1,174 today as part of the state's permanent fund dividend payout. Retailers expect to see October's sales jump.

And this final note. You know more often than not the debate over energy and the environment is framed as either/or. Oil and gas versus, say, wind…

Juli Niemann, an analyst with Smith Moore and Company in St. Louis, tells us why gas prices should soon be dropping.

A Texas-based oil company discovered a large supply of deep water natural gas in the Mediterranean and plans to begin drilling this week. That's causing big tension with countries in the region.

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.