U.S. gasoline prices at 3-month lows

The average price for a gallon of gasoline in the U.S. is $3.61 a gallon,  More »

Influence game: Shaping railroad safety rules

Billions of dollars are riding on how oil train safety rules are written, and lobbyists from the railroads, tank car manufacturers and the oil, ethanol and chemical industries have met 13 times since March with officials at the White House and the Pipeline and Hazardous Materials Safety Administration.  More »

Near spill, reservation wrestles with oil’s impact

For many Native Americans on Fort Berthold Indian Reservation — a land that accounts for 300,000 of the 1 million barrels of oil produced by North Dakota daily — there is a difficult balance between the potential prosperity that oil and gas development can bring and the preservation of a land considered by cultural and religious tradition to be sacred.  More »

U.S. appeals granting of new trial to ex-BP engineer

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 »

Oil price falls 2 percent, biggest drop since April

U.S. crude for August delivery fell $2.10 cents to close at $100.83 a barrel.  More »

Iraqi Kurds take over 2 northern oil fields

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 »

Oil rises for first time in 2 weeks

Crude for August delivery gained 64 cents to $102.93 a barrel.  More »

EPA trying to confirm N. Dakota spill didn’t reach lake

EPA said most of the spill was pooled on the ground, soaked into the soil and held behind beaver dams.  More »

KiOR hires investment bank to explore sale

KiOR, based in Pasadena, announced it had hired Guggenheim Partners  More »

Illinois has hired few workers to oversee fracturing

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 »

Oil on 2-week slide even with Mideast turmoil

The prolonged drop could lead to lower gasoline prices for U.S. drivers in the weeks ahead.  More »

Oil slips closer to $103 as supply fears recede

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.  More »