U.S. oil prices edge up as Texas braces for storm

LONDON (Reuters) - U.S. crude oil prices edged up on Tuesday as a tropical storm headed towards the oil-producing state of Texas, but oversupply kept Brent lower.

Deepwater oil spill: BP steps up PR effort to insist all is well in the Gulf

In the run-up to the five-year anniversary of the Deepwater Horizon spill this April, BP is ramping up its effort to convince consumers that life is returning to normal on the Gulf coast.

BP asks court to reconsider 'gross negligence' ruling

BP has asked a US court to reconsider its ruling of "gross negligence" over a 2010 oil spill in the Gulf of Mexico, which boosted its potential fines to around $18bn (£11.1bn).

U.S. Oil Output Surges to Highest Since 1986 on Shale

U.S. crude production climbed to the highest level in more than 28 years last week as the shale boom moved the country closer to energy independence.

El Nino Risk Increases as Pacific Gets Warmer: Carbon & Climate

The odds are increasing that an El Nino weather system will form this year, portending drought for Australia and Asia and a warmer winter in the U.S. Northeast.

Anadarko Pays Billions in Settling Toxins Case

HOUSTON — A giant Texas oil company, Anadarko Petroleum, has agreed to pay $5.1 billion for a vast environmental cleanup, a sum the Justice Department said was the largest it had ever won in such a case.