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Pope Francis gives an audience to the participants at the Convention of Rome Diocese at St Peter's square on June 14, 2015 at the Vatican.  AFP PHOTO / FILIPPO MONTEFORTEFILIPPO MONTEFORTE/AFP/Getty Images

Pope urges drastic cut in fossil fuels to protect climate

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Francis gave Catholics little room for maneuver, writing that Christians “realize that their responsibility within creation, and their duty towards nature and the creator, are an essential part of their faith.”
Mikhail Khodorkovsky (right), Russia's richest man and former CEO of OAO Yukos Oil, is guarded in the defendant's cage at the Meschansky Court in Moscowon July 12, 2004. (Dmitry Beliakov/Bloomberg)

Russia braces for global asset fight over Yukos after seizures

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Yukos, once Russia’s top oil producer, was dismantled amid billions of dollars of back-tax claims that former owner Mikhail Khodorkovsky called a response to his political activities.
(ALEXANDER KLEIN/AFP/Getty Images

OPEC revenues slump below $1 trillion for first time since 2010

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he revenue drop shows the strain on the group’s members as they increase pumping at a time of oversupply, following a Saudi Arabia-led strategy of defending market share instead of prices.
(AP Photo/Gregory Bull)

Gas-guzzling U.S. drivers shock even analysts as refiners profit

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The thirst for fuel in the U.S. and abroad has been greater than analysts, including the EIA and Energy Aspects Ltd., estimated.
Categories: Gasoline
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PetroTiger’s former co-CEO avoids prison in bribery case

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The sentence came a day after he pleaded guilty in federal court in Camden, New Jersey, to conspiring to bribe an official at Colombia’s state-controlled oil company, Ecopetrol SA.
Pope Francis gives an audience to the participants at the Convention of Rome Diocese at St Peter's square on June 14, 2015 at the Vatican.  AFP PHOTO / FILIPPO MONTEFORTEFILIPPO MONTEFORTE/AFP/Getty Images

Pope denounces world leaders for “lack of conscience” in fossil fuels debate

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The encyclical, entitled “Laudato si (Praised Be) on the care of our common home,” is a call to action in the form of a letter to the church’s bishops. With fossil-fuel emissions and temperatures at record levels, the spiritual leader of 1.2 billion Catholics is adding his voice to calls to rein in greenhouse gases.
RAIL

Shares for railcar manufacturer plunge on concern oil drop will hurt demand

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Railroad companies — Greenbrier’s customers — are struggling with a widening fallout from the global rout in crude prices, which is eroding oil-train shipments faster than forecast.
(Photo: JOHN DAVENPORT/SAN ANTONIO EXPRESS-NEWS)

Statoil to cut 2,000 jobs, adding to Norway’s woes

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The job losses at Statoil, Norway’s No. 1 oil and gas producer, add to thousands more in the country’s offshore energy industry after crude collapsed in the second half of 2014
President Barack Obama arrives to speak on March 22, 2012 at the TransCanada Stillwater pipe yard in Cushing, Oklahoma. (AFP PHOTO/Mandel Ngan)

White House snags $4 billion in clean energy investments

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Encouraging private investment in clean energy is part of President Barack Obama’s attempt to promote “a low-carbon energy future,” Brian Deese, a senior adviser to Obama, said.
Workers unload the first crude oil unit train to arrive at Jefferson Energy Companies' Jefferson Transload Railport facility at the Port of Beaumont in Orange County, Dec. 11, 2013.  (Mark Viator/Jefferson Energy Companies)

BNSF expects crude-by-rail volumes to grow after price rebound

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Petroleum traffic on rail lines more than doubled from 2011 to last year, as booming oil production from North Dakota and Canada overwhelmed pipelines and forced shippers to look for alternative transportation methods.