Royal Dutch Shell says profits fell 58 percent in the first quarter from the same time last year. But oil analysts say the company has come in ahead of consensus and future production is looking good. Christopher Werth reports.
U.S. crude oil inventories are at their highest levels since 1990 as consumer demand lowers and depressed industries use less fuel. Tamara Keith reports.
Oil has been falling since the International Energy Agency forecast lower demand last week. The agency also predicts that the global recession will cut oil demand further this year. Stephen Beard weighs other factors involved.
The recession has slowed investment into alternative energy research. But some investors still see a bright future for clean tech. Caitlan Carroll reports.
The Department of the Interior is holding a public hearing today on offshore drilling. Hearings will focus on a controversial plan to open up the Outer Continental Shelf for more oil and gas exploration. Joel Rose reports.
In a prime-time press conference, President Obama defends the cost of his proposed budget, saying trillions of dollars in deficit spending will be required to grow the economy.
Today marks the 20-year anniversary of the Exxon Valdez oil tanker accident, and the oil industry has ramped up safety measures since then. But a proposal to drill in the Arctic has some experts worried. Caitlan Carroll reports.
OPEC will meet this weekend to discuss whether to raise oil prices and cut production. But OPEC's strategy could possibly drop demand for oil even further. Sam Eaton reports.
The U.S. trade imbalance is at a six-year low, and many people wonder how low foreign oil demand can go. Bill Radke talks to Financial Times correspondent Carola Hoyos about whether OPEC members will once again cut production.
Renew Energy, one of the nation's largest ethanol plants, just filed for bankruptcy. More ethanol producers are expected to follow in its footsteps. But as Sam Eaton reports, don't write ethanol off just yet.
