Oil, Energy | featured news

Oil prices fell below $93 a barrel Monday in Asia as investors mulled whether slowing global economic growth justified a surge in crude this month.

Chevron Technology Ventures demonstrated the use of solar power to boil water into steam using around 7,600 mirrors to concentrate the sun's energy over a solar boiler. We have a $104 price estimate for Chevron, which implies a 14% premium over its current stock price.

Crude-oil futures continued Friday's slide on growing fears that the U.S. is heading back into recession.

The island nation of Cuba is scrambling to secure access to what it believe to be about 5 billion barrels of oil lying deep under the ocean off its northern coast. A massive drilling rig is en route to Cuba and plans to start drilling in a matter of months. Meanwhile, the United States government ...

Russian law enforcement officers raided the Russian offices of oil giant BP, the company said Wednesday, blasting what it called "illegal" interference in BP's work.

The imminent end of a seven-month civil war in Libya holds the promise of restoring oil production and pushing prices lower. But rebel forces face a number of obstacles.

A new oil sheen was spotted in the Gulf of Mexico, although energy company BP said Thursday the discovery had nothing to do with its operations and was far from the site of its disaster-hit Macondo well.

Chevron reported a 51% rise in second-quarter earnings as the second-largest U.S. oil company benefited from high crude prices and stronger refining margins.

Oil giant BP is back in the black, announcing profits of $5.3 billion just a year after the Deepwater Horizon disaster left it facing heavy losses.

The U.S. trade deficit surged in May to the highest level in more than two and a half years, driven upward by a big increase in oil imports.