(AP Photo/ Nabil al-Jurani, File)

Iraq’s oil exports climb to record with output at all-time high

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Iraq joined Saudi Arabia in pumping more oil as OPEC members defend market share against higher-cost producers. Brent crude has climbed 10 percent this year, spurring speculation that higher prices will lead to even more output and prolong a surplus.
Categories: General
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

Iran faces slow road back to oil market even with nuclear deal

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The U.S. and five other global powers seek an agreement with the Persian Gulf nation to curtail its nuclear program in exchange for removing sanctions that have squeezed its oil trade and economy.
Kurt Mix arrives at the Hale Boggs Federal Building in New Orleans in December 2013. (AP Photo/Jonathan Bachman)

Former BP engineer should get new trial, appeals court says

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Prosecutors accused Mix of deleting text messages about the amount of oil flowing from BP PLC’s Macondo well after the 2010 Deepwater Horizon disaster.
A United Airlines plane sits on the tarmac at San Francisco International Airport on June 10, 2015 in San Francisco, California. (Photo by Justin Sullivan/Getty Images)

United Airlines investing $30 million in biofuels producer

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United said Tuesday that the investment in Fulcrum BioEnergy Inc. could provide it with up to 180 million gallons of fuel per year.
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.
FILE - This Sept. 30, 2014 file photo shows the Colstrip Steam Electric Station operated by Talen Energy in southeastern Montana. Coal companies and their supporters scored a courtroom victory with a U.S. Supreme Court decision that said the Obama administration failed to take potential costs into account when it decided to regulate toxic emissions from many power plants, Monday, June 29, 2015. (AP Photo/Matthew Brown, File)

After mercury ruling, scrutiny of Obama climate rules grows

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The high court’s ruling undermined Obama administration regulations targeting mercury and other hazardous air pollutants — a different set of regulations from the greenhouse gas limits that Obama is counting on to slow the effects of global warming.
drill rig

Rig rout puts smaller drillers in front as oil majors scale back

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Sound Oil Plc, a Mediterranean producer one-500th the size of Eni SpA, will start exploring fields in Morocco and Italy toward the end of 2015 and early 2016, while Cairn Energy Plc and Savannah Petroleum Plc plan wells in West Africa.
Hermosa Beach (AP Photo/John Antczak)

Oil’s decline is making your Fourth of July barbecue cheaper

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Oil’s more than 40 percent drop in the past 12 months has helped to keep U.S. inflation muted, while bigger harvests pushed world food costs to the lowest since 2009.
Opponents of hydraulic fracturing for natural gas, or fracking, demonstrate on the campus of Binghamton University hours before President Barack Obama is scheduled to speak about affordable college education during a town hall meeting, Friday, Aug. 23, 2013, in Vestal, N.Y. Obama is on a the second day of his two-day bus tour in upstate New York and Pennsylvania. (AP Photo/Mike Groll)

New York formalizes ban on fracking, ending seven-year review

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Department of Environmental Conservation Commissioner Joe Martens announced the decision Monday, saying a ban was the “only reasonable alternative” after “years of exhaustive research and examination of the science and facts.”