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FILE - In this Thursday, April 2, 2105 file photo, Pope Francis Pope holds the book of Gospels as he presides over Chrism Mass in St. Peter's Basilica, at the Vatican. When Pope Francis visits the United States this fall, he can expect the same rock-star adulation that greets him wherever he goes. But his positions on hot-button issues such as the death penalty and climate change could quickly set the stage for conflict. That may explain why Francis has been clearing the decks on a host of less high-profile matters of contention that could also have marred the visit. (AP Photo/Gregorio Borgia, File)

Energy producers push back against pressure from pope on climate change

The spiritual leader of 1.2 billion Catholics around the world made his plea for the planet, and for the world’s poorest people, in a 181-page letter to bishops Thursday. Companies and industry groups said the fuels they produce are needed to supply rising global demand for energy.
This aerial photo shows an oil sands mine facility near Fort McMurray, in Alberta, Canada. The proposed Keystone XL pipeline would carry oil sands crude from projects in Alberta to refineries along the Gulf Coast. (AP Photo/The Canadian Press, Jeff McIntosh, File)

Suncor scales back, signaling end of oil sands megaprojects

Crude’s price slump, pressure to get off fossil fuels and tax increases in Alberta are adding to high costs and a lack of pipelines, prompting producers from Suncor Energy Inc. to Imperial Oil Ltd. to accelerate a shift to smaller projects.
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

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

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.

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

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

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

PetroTiger’s former co-CEO avoids prison in bribery case

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

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.

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

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.

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

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