Oil

(Photo by Sean Gardner/Getty Images)

New Rules Proposed As 5-Year Anniversary Of Oil Spill Nears

Almost five years after the Deepwater Horizon oil spill, the Obama administration has proposed new regulations aimed at strengthening oversight of offshore oil drilling equipment and ensuring that out-of-control wells can be sealed in an emergency.

04/14/2015

Exxon Mobil CEO Rex Tillerson speaks at a press conference. (credit: Brian Harkin/Getty Images)

Exxon CEO: Get Used To Lower Oil Prices

Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth.

03/04/2015

(Photo Karen Bleier/AFP/Getty Images)

US Running Out Of Room To Store Oil; Price Collapse Next?

The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.

03/03/2015

(credit: Becky Wiese/KTVT/KTXA)

Details Released On Major Oil Shipments By Rail Through Texas

As many as 10 trains weekly have been coming into Texas carrying a million gallons or more of Northern Plains crude oil that’s been involved in fiery derailments in the U.S. and Canada.

02/27/2015

President Barack Obama (credit: Alex Wong/Getty Images)

President Obama Vetoes Keystone XL Pipeline Bill

The White House sent notice of the veto to the Senate on Tuesday, shortly after the bill was received at the White House. It’s the third veto of Obama’s presidency.

02/24/2015

US Capitol Building

Congress Clears Keystone XL Pipeline Bill, Setting Up Veto

The Republican-controlled Congress approved a bill Wednesday to construct the Keystone XL oil pipeline, setting up a confrontation with President Barack Obama, who has threatened to veto the measure.

02/11/2015

Keystone XL Protesters (Photo by Nicholas Kamm/Getty Images)

EPA: Keystone XL’s Climate Impacts Need To Be Revisited

With the recent dip in oil prices, the Environmental Protection Agency wants the State Department to “revisit” how much of a toll the Keystone XL oil pipeline would have on global warming.

02/04/2015

Compnay banner during an ExxonMobil annual shareholder meeting. (credit: Brian Harkin/Getty Images)

Exxon, Chevron Set To Boost Production Just As Prices Fall

The company said it earned $6.57 billion in the quarter, the lowest since the first quarter of 2010, on revenue of $87.28 billion. Last year Exxon earned $8.35 billion on revenue of $110.86 billion.

02/02/2015

BP (Photo by Carl Court/Getty Images)

BP To Sell Part Of Its Gulf Of Mexico Stake To Chevron

BP is selling part of its stake in an emerging oil-producing region in the Gulf of Mexico to Chevron, and the two companies, along with Conoco Phillips, will work to develop the fields together.

01/29/2015

Keystone XL Pipeline (Photo by Tom Pennington/Getty Images)

Both Sides In Keystone XL Debate Bend Facts

Let’s check some of the claims about the pipeline as a bill approving it heads toward likely passage by the Republican-led Senate and a veto by President Barack Obama.

01/29/2015

Texas State Capitol

Plunging Oil Prices To Impact Texas Revenue

Plunging oil prices are expected to dampen how much money state lawmakers will have to spend when the Texas Legislature returns to work in Austin this week.

01/12/2015

A "House For Sale" sign is visible in front of an existing home. (credit: Tim Boyle/Getty Images)

Oil Bust Will Hurt Housing In Texas

The oil boom that lifted home prices in Texas, Oklahoma and Louisiana is coming to an end. But history shows that it takes time for home prices in oil country to change course.

01/09/2015

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