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Alaskans are worried that a cut to oil taxes could ruin the state budget. BP credits the tax break for spurring new investments in the North Slope oil field.
The boom in U.S. oil production has disrupted global oil’s pecking order and caused fractures inside the once all-powerful OPEC.
Finland's only oil refiner has now been ensnared into the investigation.
The European Commission is investigating a potential price manipulation scheme among oil companies.
The British Oil company BP is selling off its stake in a joint venture to the state-run Russian oil company Rosneft.
Dan Lungren, Ami Bera battle in targeted race that pits energy against the environment
The U.S. can become less dependent on foreign oil, but it's still a part of the global oil market –and that means no insulation from oil price shocks.
