The Environmental Protection Agency and the Department of Transportation proposed today a set of fuel standards for big huge trucks and vans — from big rigs to school buses. Marketplace's Sarah Gardener takes a look at why it took 35 years for these rules to come.

It's the first time in more than three-and-a-half decades that Iran will lead the oil cartel OPEC. Europe correspondent Stephen Beard talks with Steve Chiotakis about what that means for the rest of the world and the oil coming from OPEC.

OPEC oil ministers are meeting to set production targets for the winter. OPEC controls 40% of the world's oil supply and the ministers know their commodity is vital to the economy's recovery, so few analysts expect the ministers to tinker with their output. But John Dimsdale reports they are looking closely at another idea.

Now that the Obama administration has lifted the moratorium on deepwater drilling in the Gulf of Mexico, the oil industry may be able to hire back some of the thousands of people who have been unable to work in the region for the past months. But with tougher rules now in place, the industry may end up looking quite different. Jeremy Hobson reports.

The Environmental Protection Agency is expected to announce an increase in the amount of ethanol allowed in gasoline. Reporter Janet Babin talks with Bill Radke about why some environmentalists oppose that increase and whether consumers will be able to tell if they're buying gas with ethanol in it.

The European Commission is considering its own moratorium on deep sea oil drilling — at least until the U.S. inquiry into the Gulf spill has been published. London bureau chief Stephen Beard talks with Steve Chiotakis about whether a moratorium is likely in Europe.

Fort McMurray, Alberta may be the only town that breathed a sigh of relief when the recession came. Fort McMurray is a modern day boomtown that's struggling to keep up with near 10 percent a year growth and the flood of money from the nearby oil sands.

This morning's Wall Street Journal reports, the big manufacturer 3M says it will stop offering some kinds of health insurance because of the…

Iraq has announced a 25% increase in oil reserves. That would mean its oil reserves are second only to Saudi Arabia. But will even bigger reserves entice more foreign investment in Iraqi oil fields? Nancy Marshall Genzer reports.

BP's incoming Chief Executive Bob Dudley takes the helm shortly, but already he's shaking things up. He's ousted one top manager and announced a new safety czar. But it may take more than a change at the top to reform BP's culture. Janet Babin reports.