Oil, Energy | featured news

The austere North Dakota prairie is the unlikely center of one of the biggest oil booms in decades. But will drilling here and in other domestic oil patches help the country move closer to the elusive goal of energy independence?

Hillary Clinton boarded a research ship on Saturday to tour the Arctic, where big powers are vying for vast deposits of oil, gas and minerals becoming available as the polar ice recedes.

What only weeks ago was seen as a serious threat to the economic recovery could now turn into a stimulus everyone can love. Oil and gasoline prices are sinking, giving relief to businesses and consumers who a few weeks ago seemed about to face the highest fuel prices ever.

It may be dangerous, difficult work, but oil drillers are well compensated for the job: In 2011 the average salary for rig workers and other industry personnel was $99,175.

For more than three decades, Kerry and Darrell Finsaas were all that kept this blink-and-you-miss-it North Dakota community from becoming completely deserted....

Secretary of State Hillary Clinton called on India to further pressure Iran over its nuclear program after officials said the South Asian nation will curtail its imports of Iranian oil by 20 percent.

The price of oil suffered its biggest one-day decline in nearly six months Friday, falling below $100 per barrel for the first time since February. A drop in gasoline prices can't be far behind.

U.S. Secretary of State Hillary Rodham Clinton will use a two-day visit to India this week to urge further reductions in Indian imports of Iranian oil.

Delta Air Lines said on Monday that it will buy a refinery near Philadelphia in the hope of slicing $300 million a year from its jet fuel bill.

Former Libyan oil minister Shukri Ghanem, whose body was found floating Sunday in the Danube river, died from drowning, Austrian police said.