Rebel forces in Libya have seized control of several oil export terminals in the country. While the government attempts to regain control, a senior Libyan official promised the country will still get paid for existing oil deals. Samuel Ciszuk, senior analyst for IHS Energy, explains.

Federal Reserve Chairman Ben Bernanke is delivering his semi-annual testimony on the state of the U.S. economy to the Senate Banking Committee...

The Obama administration has issued the first deepwater drilling permit since the BP oil spill. Nobel Energy will officially resume deepwater drilling in the Gulf of Mexico later this month, as Nancy Marshall Genzer reports.

When gas hits $4 a gallon, the effect is psychological as well as financial.

Kai Ryssdal talks with Leigh Gallagher from Fortune Magazine and John Carney from CNBC about the week in news.

Violent protests continue today in Libya. After reports of mass killings of anti-government protesters, the United Nations top human rights office...

Steve Chiotakis speaks with Jill Schlesinger, editor-at-large for CBS/MoneyWatch, about the Commerce Department's downward revision of the nation's Gross Domestic Product number, and the rising cost of oil.

Deep water drilling has been on hold in the Gulf of Mexico since the disastrous BP oil spill. But industry executives say they're ready to resume drilling. Jeremy Hobson speaks with Barbara Shook, Houston bureau chief for the Energy Intelligence Group.

Unequal wealth distribution in the Middle East is behind much of the recent turmoil. Often, in "oil rich" countries, only a few share the wealth.