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Oil

Oil Change (Credit, Randy Yagi)

Consumer Reports Finds Some Newer Cars Burn Too Much Oil

Newer cars aren’t supposed to burn oil, but Consumer Reports magazine found that some engines mainly from Audi, BMW and Subaru force their owners to add a quart as often as once a month.

06/30/2015

(Photo by David McNew/Getty Images)

Anadarko Petroleum Reports 1Q Loss

Anadarko Petroleum Corp. (APC) on Monday reported a loss of $3.27 billion in its first quarter.

05/04/2015

(Photo by Justin Sullivan/Getty Images)

DFW Has The Most Expensive Gas Prices

AAA Texas reported Thursday that Dallas and Fort Worth hold the spot for most expensive gasoline. Drivers in Beaumont boast the cheapest.

04/30/2015

(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

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