oil

Internal government audits of the Canadian Coast Guard's capacity to monitor and respond to a marine oil spill found a system that was outdated, disorganized and in need of an overhaul. More...

By Jon Herskovitz JOHANNESBURG (Reuters) - South Africa's police anti-corruption unit said on Friday it had opened an investigation at state oil company PetroSA, which reported "deviations" in financial procedures that a newspaper said involved millions of dollars of irregular payments. In an...

Crude oil prices held to more than $109 per barrel overnight and gas prices jumped 3.5 cents following U.S. President Obama's remarks on rising gasoline prices. "There are no quick fixes to this problem, and you know we can't just drill our way to lower gas prices," Obama said during an...

The Canadian average price for regular gasoline rose more than a 10th of a cent Tuesday as oil prices spiked 2.5 per cent and hit their highest levels in nine months. More...

AP - Oil prices jumped to a nine-month high above $105 a barrel on Monday after Iran said it halted crude exports to Britain and France in an escalation of a dispute over the Middle Eastern country's nuclear program. More...

AP - Senior Iranian lawmakers stepped up threats Monday that Islamic Republic warships could block the Persian Gulf's oil tanker traffic after the latest blow by Western leaders seeking to rein in Tehran's nuclear program: A punishing oil embargo by the European Union that sharply raises the...

AP - Nigeria's government and labor unions failed Saturday night to end a paralyzing nationwide strike over high gasoline costs, potentially sparking an oil production shutdown in a nation vital to U.S. oil supplies. More...

Alberta's premier is calling on the provinces and Ottawa to form a united front on oil, gas and other forms of Canadian-produced energy as the country looks to expand the market for its oil and gas beyond the United States. More...

Prime Minister Stephen Harper delivers blunt message for U.S. President Barack Obama: Canada will look for new markets in Asia for its oil and gas, now that the Keystone pipeline has been delayed for more than a year. More...

VERACRUZ, Mexico (AP) — Seven of 10 oil workers missing in the Gulf of Mexico were found alive Sunday, according to Mexico's state oil company, three days after evacuating their disabled rig in a tropical storm and escaping in an enclosed life raft. Two bodies also were found but have yet to be...

VILLAHERMOSA, Mexico (AP) — Mexico's state oil company and a Texas-based company searched for 10 missing oil workers Fridayincluding four Americans, who evacuated from a research vessel in the Gulf of Mexico ahead of Tropical Storm Nate. Petroleos Mexicanos said it had two ships searching in...

The strange e-mails arrived in executives' inboxes around the same time that the Australian oil company was negotiating a deal with a Chinese energy company. More...

The strange e-mails arrived in executives' inboxes around the same time that the Australian oil company was negotiating a deal with a Chinese energy company. More...

Libyan forces repelled a coordinated attack by NATO forces and rebels against a strategic oil town in the east of the country, the government spokesman said Thursday. The announcement came as Libya also barred Italy, one of the country's largest investors, from its oil sector because of Rome's...

While global demand for oil has moved to an all-time high, one long-established theory suggests that oil production (and consumption) might be peaking out. If this is the case, might its price tank? If one thinks about it, the world will never run out of oil. As oil becomes scarce, consumers...

VIENNA – OPEC's stunning admission of major dissent within its ranks has left it reeling and its status as the world's oil power-broker tarnished, perhaps beyond repair. But is a weakened cartel good or bad for consumers? The major question is what will happen to oil prices in the long term as a...

Washington (CNN) -- The rebel government in control of the eastern part of Libya has made its first sale of oil from territory it controls, the State Department confirmed Wednesday. Tesoro, a U.S. oil refiner, entered into a deal May 25 with the Transitional National Council based in Benghazi...

HOUSTON – The Coast Guard is investigating a fisherman's report of an apparent oil spill "several miles" long near Venice, Louisiana, a Coast Guard spokesman said Wednesday. A team was trying to determine whether the substance was actually oil, how much was spilled and where it came from, a...

<div>When farmer John Gregory entered his piggery he couldn’t believe what he saw – mice attacking his pigs. Since he first saw them dining out on his prized stock in Wynarka, 130km east of Adelaide, the 50-year-old father of four has been at his wit’s end about how to get rid of them. Now, as a...

(CNN) -- Workers involved in the tourism industry along the U.S. Gulf Coast hope this Memorial Day weekend is one of their best in a long time. The threat of oil from the Deepwater Horizon spill kept many tourists away from beach communities last year. Since the oil spill, BP has provided money...