US, UK and France consider oil release to curb fuel prices

France is in talks with the United States and Britain on a possible release of strategic oil stocks to push fuel prices lower, French ministers said on Wednesday, four weeks before the country's presidential election.

Why the Keystone Pipeline Won't Ease Pain at the Pump

President Obama’s March 22 speech at the site of a TransCanada (TRP) pipe yard in Cushing, Okla., was an attempt to highlight his administration’s energy policies as both economically sensible and environmentally sustainable.

North Sea oil rig evacuated after gas leak

Shell is removing workers from two offshore installations close to a Total platform that was evacuated after a gas leak.

S&P warns over oil threat to Russian finances

Russia's finances would be severely damaged by a sustained fall in oil prices, according to the credit rating agency, Standard and Poor's.

Brazil oil regulator: Chevron leak not "negligence"

BRASILIA (Reuters) - An oil spill off the Brazilian coast in November was not the result of negligence by Chevron or drill-rig operator Transocean, Brazil's oil regulator said on Thursday, providing a boost to the companies and their executives as they face criminal charges.

Solar-Trade Fight Flares Up

U.S. trade officials slapped modest tariffs on imports of Chinese solar panels, giving a partial victory to solar-equipment manufacturers in the U.S. but stopping short of harsh duties that could spark a trade war.

IMF sees $160 oil risk despite Libyan boost

Libya's oil exports have rebounded much faster than expected and will exceed pre-Arab Spring levels as soon as April, plugging a crucial gap in world crude supply as the Iranian crisis comes to the boil.

The oil market is warming up

The global economy remains vulnerable to steep rise in crude oil prices, which would raise business costs and hammer consumers.

IMF chief Christine Lagarde fears oil spike poses serious threat to global recovery

The International Monetary Fund has warned that surging oil costs pose a serious risk to the global economy, threatening to smother expansion before a fresh cycle of growth is safely under way.

Brazil to charge Chevron executives over fresh oil leak

Brazilian prosecutors say they will bring criminal charges against 17 executives from the US oil company Chevron and drilling contractor Transocean after a new leak of crude.

Ireland's first oil well to yield 4,000 barrels per day

An Irish company says it has found the Republic's first viable oil well.

Oil rises above $107 amid improving US economy

SINGAPORE (AP) — Oil prices rose above $107 a barrel Tuesday in Asia as traders bet an improving U.S. economy will boost demand at a time when the ability to increase crude production is limited.

Sabine Pass natural gas plant, the next 'Keystone'

NEW YORK (CNNMoney) -- At the mouth of the Gulf of Mexico along the Texas-Louisiana border, Cheniere Energy could be just weeks away from breaking ground on the first natural gas exporting facility ever built in the lower 48 states.

Iran Power Declining in Oil Market as Explorers Spend $90 Billion: Energy

The Iran-driven run in oil prices to the highest since 2008 masks the Middle East producer’s diminishing importance to global oil supplies as record spending on drilling unearths reserves from Argentina to Angola.

U.S. mass transit use up with gas prices, economy

WASHINGTON (Reuters) - Americans took 10.4 billion trips on public transportation in 2011, the second-highest total since 1957, as gasoline prices rose and the economy improved, an industry group said on Monday.

Green Investment Bank: Welsh ministers disappointed as Scotland wins bid

Ministers in Wales and Westminster have expressed disappointment after Scotland won a bid to become the base for a new UK Green Investment Bank.

North Dakota becomes third-largest US oil producer

NEW YORK: North Dakota beat California to become the third-largest US oil-producing state in January after output in the Midwest state's Bakken and Three Forks prospects hit another record.

Japan reports record current account deficit

Japan has reported a record current account deficit because of rising energy imports, as the country's economic recovery remains fragile.

Oil Climbs From Two-Week Low on U.S. Gasoline Supplies, Economic Outlook

Oil climbed from the lowest price in more than two weeks on forecasts that gasoline supplies are falling and employment is increasing in the U.S., the world’s biggest consumer of crude.

Obama Has ‘Israel’s Back’ Preventing Iran Nuke

President Barack Obama said the U.S. won’t hesitate to use military force to stop Iran from developing a nuclear weapon, while asserting there is still time for diplomacy and sanctions to work.

Accord Reached Settling Lawsuit Over BP Oil Spill

BP and the lawyers for plaintiffs in the trial over the 2010 oil spill in the Gulf of Mexico have agreed to settle their case.Judge Carl J.

Oil price falls back from 43-month high

Oil prices have dipped from a 43-month high after Saudi Arabia denied reports that a key pipeline had exploded.

Chevron lobbies Russia for access to Arctic oil

US giant Chevron held Arctic oil exploration talks in Russia on Thursday after Prime Minister Vladimir Putin hinted that Moscow may let private firms access the fields to help boost development.

Oil hovers near $107 as US economy improves

SINGAPORE (AP) — Oil prices hovered near $107 a barrel Thursday in Asia as signs of an improving U.S. economy bolstered investor confidence.