Obama wants to target oil market manipulation

Under pressure to take action on rising gasoline prices, President Barack Obama wants Congress to strengthen federal supervision of oil markets, increase penalties for market manipulation and empower regulators to increase the amount of money energy traders are required to put behind their transactions.  More »

First Solar lays off 2,000 as Europe demand wanes

First Solar Inc. is laying off 2,000 workers and closing its plant in Frankfurt, Germany, in response to waning demand for solar panels and increased competition from China.  More »

Rebates to drop cost of LED bulb to $60

How much would you pay for an amazing, state-of-the-art light bulb? Shoppers will be asking themselves that very question at Home Depot and other outlets starting Sunday —Earth Day— when the bulb that won a $10 million government contest goes on sale.  More »

Report to UK government backs fracking

Exploratory work to extract gas by hydraulic fracturing in England should be allowed to resume even though the technique has caused earth tremors, a report commissioned by the government said Tuesday.  More »

Chemical plant shutdown could cut auto production

The potential shortage of a key component used to make fuel lines and brake lines could force automakers in the U.S. and around the world to close car and truck plants as they run short of parts.  More »

Oil near $104 after successful Spain debt sale

Oil prices rose to near $104 a barrel today in Asia after strong demand for Spanish debt in a sale of 12- and 18-month notes eased some fears that Europe’s debt crisis could soon flare again.  More »

Judge extends deadline for spill settlement details

A federal judge has extended a deadline for BP and a team of plaintiffs’ attorneys to file details of a proposed settlement designed to resolve billions of dollars in economic damage claims spawned by the 2010 oil spill in the Gulf of Mexico.  More »

Exxon and Rosneft to team up on oil projects

Exxon is teaming up with Russian oil giant Rosneft to develop oil and natural gas fields in Russia and North America.  More »

Court rejects Skilling appeal again

The Supreme Court has rejected another appeal from Jeffrey Skilling, the ex-CEO of disgraced energy giant Enron.  More »

Workers file suit over Memphis refinery explosion

An explosion that killed a worker at a Memphis oil refinery is the subject of a multimillion-dollar wrongful death and injury lawsuit.  More »

Hybrid, electric cars see record sales

Americans are buying record numbers of hybrid and electric cars as gas prices climb and new models arrive in showrooms, giving the vehicles their greatest share yet of the U.S. auto market.  More »

N. Dakota oil production doubles in past 2 years

North Dakota oil production has more than doubled in the past two years, and the state’s sweet crude is now helping to feed refineries on the East, West and Gulf coasts.  More »