An Iranian man walks past a mural displaying the Iranian map adorned in the colours of the country's national flag, on June 29, 2015 in Tehran. Despite agreeing the outlines of a nuclear agreement on April 2, the final talks between Iran and six powers led by the United States on turning it into a binding accord have hit difficulties on reaching a deal which would lift sanctions, paving the way for foreign investment to flow back, in exchange for curbs on Iran's nuclear activities. AFP PHOTO/BEHROUZ MEHRIBEHROUZ MEHRI/AFP/Getty Images

Oil prices retake lost ground after markets cool on Greece crisis, Iran deal

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Oil prices edged up early Tuesday as financial markets cooled down from Monday’s frantic selloff in anticipation of a Greek debt default and as Iran and the West delayed a nuclear pact by a week.
(FILE) A picture taken 30 May 2005 shows Imprisoned former head of the Yukos oil company, Mikhail Khodorkovsky  stands in the defendant's box in the courtroom in Moscow. The former boss of Russian oil giant Yukos, Mikhail Khodorkovsky, was attacked in his prison cell this week by a fellow inmate who slashed his face with a knife, Khordokovsky's press service said in a statement 15 April 2006. AFP PHOTO  / TATYANA MAKEYEVA

(Photo credit should read TATYANA MAKEYEVA/AFP/Getty Images)

Former oil tycoon, a Putin rival, suspected of ordering Russian mayor’s killing

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The announcement that investigators were considering whether to charge Mikhail Khodorkovsky with ordering the killing came as he is becoming an increasingly strong voice in Russian opposition politics.
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Legal Challenges to Clean Power Plan Down (slightly), But Not Out

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Earlier this month, three Federal judges declined review of the Environmental Protection Agency’s proposed rule restricting carbon dioxide emissions from existing power plants – also known as the ‘Clean Power Plan.’ And like most politically charged court decisions, some declared ‘victory’ for the Obama Administration and the EPA. The truth is that the court declined […]
Deepwater Horizon

BP’s Gulf spill toll could run up to $68.2 billion

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The cost estimate means the remaining legal aftermath of the Deepwater Horizon oil spill, which includes impending environmental fines and settlement payments, could run up another $16 billion to $24 billion as the tangle of litigation around the spill unfolds for the next few years.
A well is drilled at an Apache Energy site in the Permian Basin in Midland, Texas, Feb. 14, 2012. (Jim Wilson/The New York Times)

Wyoming judge to hear challenge to federal fracking rules

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Four states and two petroleum industry groups are suing the U.S. Interior Department, saying the rules announced in March are unnecessarily burdensome for oil and gas developers.
(Jason Alden/Bloomberg)

Gulf spill debt could hit BP hard over next few years, says ratings agency

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A federal judge in New Orleans could rule at any time on BP’s oil spill penalties, which could rise as high as $13.7 billion. BP has set aside just $3.5 billion for the fines, but Fitch said its rating adjustment assumes the judge will hand down the highest-possible penalty.
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Southern Ute tribe challenges new federal fracking law

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The rule, which is set to go into effect Wednesday, also is the subject of lawsuits filed earlier this month, including a joint suit by the states of Colorado, Wyoming and North Dakota, as well as another filed by the Western Energy Alliance and Independent Petroleum Producers on behalf of 46 trade associations and royalty-owners groups.
Shoreline Cleanup Assessment Technique team members, left, evaluate oil coverage as a hand crew worker scraps areas affected by an oil spill at Refugio State Beach, north of Goleta, Calif., on Wednesday, June 10, 2015.  (AP Photo/Damian Dovarganes)

Workers clean up oil spill on California beaches by hand

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The painstaking task at Refugio State Beach marks a new front in the cleanup after an underground pipeline leaked last month.
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.
(AP file photo)

Judge demands explanation for three-decade delay on energy lease

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A frustrated U.S. District Judge Richard Leon called the delay “troubling” and a “nightmare” during a recent court hearing.