Topic: Oil Production and Refining

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Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
Brazil's President Rousseff meets with Obama: 5 topics for talks

As the two largest economies in the Western Hemisphere, Brazil and the US have a lot of shared interests, but there are still areas of contention. Here are 5 possible topics on today's presidential agenda:
Mitt Romney's top 5 attacks on President Obama

Mitt Romney has yet to nail down the Republican presidential nomination, but he’s already attacking President Obama. Here's a look at five of Mr. Romney’s charges – and whether they’re true.
High gas prices: what presidential candidates say they'll do about it

Gas prices jumped 30 cents a gallon in February, and Republicans are blaming President Obama for not having a policy fix. Here's what Mr. Obama and the GOP presidential aspirants are saying on the campaign trail lately about their remedy for high gas prices.
Women's history month: 10 women making history today

March is known as Women's History month, meant to recognize the contributions and progress of women across history and around the world. Women today are playing some significant roles, from making peace to crafting economic policy in the midst of a crisis. Here are 10 women who are making history, today.

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Consumer Energy Report
Energy development in the Arctic: the good and the bad

As Shell makes preparations to send offshore drilling rigs into the Beaufort and Chukchi Seas north of Alaska, it's important to walk through the history of energy exploration in the Arctic.
Keep Calm
Sudan and South Sudan to resume negotiations

After weeks of fighting, in which South Sudan took out one of Sudan's last remaining oil fields, the two countries are returning to the negotiation table, under African Union mediation. 
Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
Keystone XL pipeline: TransCanada tries again

The Canadian firm has submitted new plans for a pipeline that is designed to avoid environmentally-sensitive acreage in Nebraska.
Keep Calm
UN Security Council prods Sudan and South Sudan back to talks

The UN Security Council voted to impose economic sanctions on Sudan and South Sudan if they don't stop fighting immediately and restart mediation over oil revenues and borders. 
Private Empire

Pulitzer Prize-winner Steve Coll takes a close look at secretive behemoth that is Exxon Mobil.
Keep Calm
Drill for oil in Somalia? Why not, says Australian firm

Australia-based Jacka Resources plans to start oil exploration in Somaliland, a region of Somalia that declared itself independent in 1991. Nice work if you can get it.
Consumer Energy Report
Are the oil companies gouging gas prices?

The oil industry's profits are so huge that it must be taking advantage of customers, right? Actually, it's not that simple.
First BP oil spill arrest: Why put the squeeze on a mid-level engineer?

The first criminal charges brought in the 2010 BP oil spill – against Kurt Mix, a former BP engineer – show that the government still seeks the answer to an essential question in the spill’s aftermath: Did BP tell the truth about what it knew about the size of the spill? At stake are billions in fines.
Argentina's move to nationalize oil firm YPF highlights Spain's decline

Spain used to be one of the most powerful economic forces in Latin America, but now it's struggling to punish Argentina for nationalizing a Spanish-owned oil producer.
Gulf oil spill: Two years later, safety lessons ignored

In its rush to pump more oil, America is ignoring the key lesson of the Gulf oil spill two years ago. Complex drilling, wherever it occurs, comes with unknowable risks.
BP settles with private plantiffs over Gulf oil spill

The multinational corporation said Wednesday it will pay out $7.8 billion from the $20 billion trust it set up after the Deepwater Horizon explosion.
Report cites fracking-related activities as potential suspect in minor quakes

The rate of minor earthquakes from Colorado to Ohio has quickened in the past decade. But the report doesn't make a direct link between fracking and quakes, notes an Interior official.
Consumer Energy Report
Top 15 sources of US crude oil imports

Here's where the US is really getting its oil, plus a look at how imports have changed over the past decade.
Coast Guard checks 10-mile oil sheen near Shell oil wells in Gulf

Shares in Royal Dutch Shell PLC fell in European trading early Thursday after it reported a 'light sheen' of oil about 1 mile long and 10 miles wide in the general area of two of its production platforms in the oil and gas prospects called Mars and Ursa.
Brazil's President Rousseff meets with Obama: 5 topics for talks

As the two largest economies in the Western Hemisphere, Brazil and the US have a lot of shared interests, but there are still areas of contention. Here are 5 possible topics on today's presidential agenda:
Gingrich acknowledges the inevitable: He won't be the nominee

Newt Gingrich didn't formally withdraw from the presidential race. But he's way behind in delegates, and he describes Mitt Romney as 'far and away the most likely' Republican nominee.
Mexico and US trade accusations on border violence

President Obama and Mexico's President Felipe Calderon traded barbs after a three-party meeting that included Canada.
Gas prices a top issue for US-Canada-Mexico summit

Gas prices, Mexican oil exports, and Keystone pipeline should figure prominently in Obama's summit with Canada's Harper and Mexico's Calderon. High gas prices threaten fragile US recovery and Obama's reelection.
President Algae? Obama not green enough, say environmentalists

President Obama has blocked the Keystone pipeline, backed biofuels, and prioritizes the earth over people, say GOP presidential candidates. Environmentalists say Obama is a big disappointment. Who's right?
Obama fast-tracks part of Keystone XL pipeline (+video)

After rejecting the Keystone XL pipeline proposal in January, President Obama gives a green light to its southern leg – a bid to ease a key bottleneck to new oil supplies and defuse critics on gas prices.
Obama's energy policy takes center stage as $4 gas prices loom

Obama's energy policy will be the subject of the president's three-stop tour starting Wednesday. He wants to deflect criticism that he's not doing enough to fight rising gas prices.
Mitt Romney's top 5 attacks on President Obama

Mitt Romney has yet to nail down the Republican presidential nomination, but he’s already attacking President Obama. Here's a look at five of Mr. Romney’s charges – and whether they’re true.
Obama trails Romney in new poll. Are gas prices the key?

As gas prices have risen, President Obama has tried to defend his energy policies. The president's critics argue that he underplays the role that domestic energy production could play.
Inside the Keystone pipeline: How much would it really help US consumers?

Politicians paint a rosy picture of lower gas prices and abundant supply, but Canadian firms behind the Keystone pipeline expect it to supply Gulf Coast export markets and raise Midwest oil prices.