oil

<div>Ontario Ministry of Labour investigators are examining oil drums at an Ottawa high school after a student died following a shop class explosion on Thursday. Eric Leighton, 18, died Thursday night in hospital, hours after the explosion in his shop class at Mother Teresa Catholic High...

NEW YORK, N.H., -- The U.S. Commodity Futures Trading Commission filed a civil lawsuit Tuesday against two traders, accusing them of manipulating the oil market. The suit names James T. Dyer of Australia, Nicholas J. Wildgoose of Rancho Santa Fe, Calif., and three companies, Parnon Energy of...

(CNN) -- Iranian President Mahmoud Ahmadinejad was not hurt Tuesday after an explosion at an oil refinery that he was visiting, Iran's FARS news agency reported. The blast at the Abadan oil refinery injured six people and was caused by technical problems, the agency reported. Undaunted by the...

<div>ORONTO

(CNN) -- Iranian President Mahmoud Ahmadinejad has said that he will temporarily run the country's Oil Ministry, state-run media reported Monday. The move, according to the Islamic Republic News Agency, follows Ahmadinejad's decision to relieve three Iranian ministers of their duties as part of...

Cenovus Energy Inc is expected to suspend production at a large oil field in northern Alberta on Monday after wildfires that have swept Canada's biggest energy-producing province forced the complete closure of a newly repaired pipeline. Forest fires, which flared up quickly during a dry, windy...

Royal Dutch Shell Plc denied media reports on Monday that its northern Alberta oil sands mining operation had been evacuated because of a wildfire threat. The Calgary Herald reported on its website that projects owned by Shell as well as Canadian Natural Resources Ltd were evacuated on Monday...

Cenovus Energy Inc is expected to suspend production at a large oil field in northern Alberta on Monday after wildfires that have swept Canada's biggest energy-producing province forced the complete closure of a newly repaired pipeline. Forest fires, which flared up quickly during a dry, windy...

Royal Dutch Shell Plc denied media reports on Monday that its northern Alberta oil sands mining operation had been evacuated because of a wildfire threat. The Calgary Herald reported on its website that projects owned by Shell as well as Canadian Natural Resources Ltd were evacuated on Monday...

Chevron Corp (CVX.N), the second-largest U.S. oil company, reported a 36 percent jump in quarterly earnings as oil prices surged and refining profits improved along with the global economy. Oil companies have seen their earnings boosted by the jump in global oil prices above $100 per barrel in...

Libyan tanks fired on rebel positions around the oil port of Ras Lanuf and warplanes hit another oil hub further east Thursday as Muammar Gaddafi carried counter-attacks deeper into the insurgent heartland. In the west, Gaddafi's army laid siege to try to starve out insurgents clinging to parts...

Oil prices climbed Tuesday as Iran clamped down on anti-government protesters and unrest in the Middle East threatened to keep energy prices high for months to come. Benchmark West Texas Intermediate for April delivery gained $2.66 to settle at $99.63 per barrel on the New York Mercantile...

DETROIT – U.S. auto sales are expected to show a gain of about 20 percent from the still-depressed levels of a year earlier in February, but the recent rise in oil prices could slow or even derail the industry's recovery, analysts and industry executives say. Major automakers are set to report...

LONDON – When Moammar Gadhafi told the world he was a changed man, some leaders were skeptical. Others, like Britain's Tony Blair, were quicker to see the benefits of rapprochement with the oil-rich nation. Now, as Gadhafi's regime crumbles, questions are being raised about whether Britain, the...

Oil prices rose to fresh two-year highs around $96 a barrel Wednesday amid concerns that a violent power struggle in Libya could disrupt supplies, with experts warning the next weeks and months would prove highly volatile. If the chaos spreads to other bigger energy producers in the region...

MUMBAI (AFP) – India's energy giant Reliance Industries rose nearly three percent on Tuesday, a day after Britain's BP said it would pay $7.2 billion for a stake in the group's oil assets. Reliance Industries closed up 2.98 percent or 28.55 rupees to 985.05 on the Bombay stock exchange, bucking...

Brent crude oil prices hit $108 a barrel for the first time since 2008 on Monday on fears that spiraling violence in Libya could lead to wider supply disruptions from the OPEC member. U.S. oil prices led the rally to jump by more than $5, the most in over two years, as traders also rushed to...

WASHINGTON – Oil from the BP spill remains stuck on the bottom of the Gulf of Mexico, according to a top scientist's video and slides that she says demonstrate the oil isn't degrading as hoped and has decimated life on parts of the sea floor. That report is at odds with a recent report by the...

Oil from the BP spill remains stuck on the bottom of the Gulf of Mexico, according to a top scientist's video and slides that she says demonstrate the oil isn't degrading as hoped and has decimated life on parts of the sea floor. That report is at odds with a recent report by the BP spill...

The price of gas, diesel and furnace oil is up again on P.E.I., despite a recent drop in the price of a barrel of oil. The Island Regulatory and Appeals commission authorized a one cent per litre increase for all three petroleum products in its mid-month price review. The increase occurred...