Prosecutors accused Kurt Mix of deliberately deleting text messages about the amount of oil flowing from BP’s Macondo well after the Deepwater Horizon rig explosion. More »
U.S. crude for August delivery fell $2.10 cents to close at $100.83 a barrel. More »
Kurdish security forces took over two major oil fields outside the disputed northern city of Kirkuk before dawn Friday and said they would use some of the production for domestic purposes, escalating a dispute the central government of Prime Minister Nouri al-Maliki. More »
Crude for August delivery gained 64 cents to $102.93 a barrel. More »
EPA said most of the spill was pooled on the ground, soaked into the soil and held behind beaver dams. More »
KiOR, based in Pasadena, announced it had hired Guggenheim Partners More »
More than a year after a compromise paved the way for high-volume oil and gas extraction in Illinois, the agency in charge of overseeing the practice has hired just four of 53 new employees it says it needs as it continues working to complete rules drillers must follow. More »
The prolonged drop could lead to lower gasoline prices for U.S. drivers in the weeks ahead. More »
Oil has been falling steadily since it hit a 10-month closing high of $107.26 on June 20 as the Iraqi government has slowly re-established stability.
In tanks, the mix of gas and oil that comes with the saltwater can be volatile. More »
There is no indication when the court panel will rule. More »
A clutch of countries is breaking ranks with the EU’s efforts to put economic and diplomatic pressure on Russia over Ukraine and building a pipeline meant to carry huge amounts of Russian gas to their doorstep More »
U.S. crude for August delivery fell 53 cents to close at $103.53 a barrel.
Foreign investors more familiar with projects in the emerging markets of Eastern Europe and tropical escapes of Southeast Asia are finding a new destination for their dollars and francs: Western North Dakota’s oil patch that’s home to booming towns, low unemployment rates and high incomes More »
KiOR, the Pasadena-based firm that has led efforts to develop biofuels from non-food sources but is struggling financially, has gotten an extra four months to resume payments on a loan from the state of Mississippi. More »