U.S. gasoline prices now cheaper than a year ago

Drivers in the Midwest and Great Lakes states are seeing the biggest drop in gasoline prices.  More »

Baker Hughes 1Q profit dips, but tops Street

Baker Hughes Inc.’s first-quarter profit slipped as its costs and expenses climbed, but its performance still beat Wall Street’s expectations.  More »

Shrimp processors object to BP settlement terms

A group of Gulf Coast shrimp processors asked a federal judge Monday to hold off on giving his preliminary approval to portions of BP’s proposed class-action settlement of economic damage claims spawned by the 2010 oil spill in the Gulf of Mexico.  More »

Iran talks won’t halt oil sanctions, Societe Generale says

Negotiations to halt Iran’s nuclear-enrichment program will probably fail, setting the stage for full implementation of U.S. and European Union sanctions against the nation’s oil exports, Societe Generale SA (GLE) said.  More »

Shell raises bid for Cove Energy to $1.8B

Royal Dutch Shell PLC has increased its bid for Britain’s Cove Energy PLC, which has assets in Kenya, Tanzania and Mozambique, to around $1.8 billion in cash.  More »

Official: Iran oil industry safe after cyberattack

An Iranian official says the country’s oil industry is working well despite an attack from hackers and a computer virus that targeted the sector’s computer systems.  More »

Oil falls on European economy concerns

Benchmark West Texas Intermediate crude gave up 77 cents to end at $103.11 per barrel in New York.  More »

Repsol threatens to sue firms that help Argentina

Spanish energy firm Repsol warned Monday that it would consider legal action against companies or investors that help Argentina exploit petroleum Repsol had planned to tap before its Argentine unit YPF was nationalized.  More »

After 4-month surge, gas prices start falling

The worst is over, for now. Gasoline prices are starting to fall.  More »

Earthquake link not stopping Ohio wastewater wells

Earthquakes in northeastern Ohio linked to the injection of gas-drilling wastewater into the earth haven’t slowed applications for more injection wells.  More »

Energy crisis provokes Argentine YPF expropriation

Less than a decade ago, Argentina was an exporter of oil and natural gas. Now the government has to spend billions of dollars to import fuel.  More »

As Bakken oil booms, police prepare for change

Booming oil production across a wide expanse of the Northern Plains is forcing law enforcement from the U.S. and Canada to gird for a spike in crimes ranging from drug trafficking and gun offenses to prostitution.  More »