July 3- About 5,000 residents evacuated after the derailment of a freight train carrying flammable and toxic gas in eastern Tennessee were allowed home on Friday as investigators looked into the cause of the fiery accident. Authorities were examining the black box from the CSX Corp train that derailed with one tank car bursting into flames at midnight...» Read More
The phenomenal rise in oil prices show signs of a bubble, but a crash is not imminent, billionaire hedge fund manager George Soros told U.S. lawmakers on Tuesday.
.Countrywide will be swallowed up by Bank of America sometime this summer, barring any last minute surprises. How will BofA celebrate? If this YouTube video is any indication, it will involve twisting a U2 hit into something Michael Scott would sing to motivate his staff on "The Office."
With the country in the grips of near-hysteria over soaring gasoline prices, Congress begins debate Monday on landmark climate legislation that critics say will substantially increase energy costs – and not produce any of the intended environmental benefits.
Iran is constructing seven refineries in an effort to boost its crude and gas refining capacity by more than 1.5 million barrels per day (bpd), a senior oil official was quoted as saying on Saturday.
The 2008 hurricane season officially begins on Sunday, and active season could have serious implications for energy prices.
CEOs on the frontlines of America's oil crisis discuss the effects soaring gasoline prices are having on their businesses and their customers.
AutoNation CEO Mike Jackson joined the CNBC 'Squawk Box' crew to discuss the effects higher gasoline prices are having on the automotive industry and consumers. Americans, he said, have finally reached the "tipping point" at four dollars a gallon.
The unprecedented run-up in oil prices may finally have reached a peak as the dollar stabilizes, Saudi Arabia boosts production slightly and demand slows, analysts say.
Slightly less than 40 percent of shareholders voted at the oil company's annual meeting Wednesday to create an independent chairman.
Indonesia will quit the Organization of the Petroleum Exporting Countries because as a net oil importer it is not happy with high global crude prices, the energy minister said on Wednesday.
Exxon Mobil has scrapped with Venezuela's Hugo Chavez over nationalized oil projects and sparred with U.S. senators over high oil prices.
China has evacuated more than 150,000 people living below an swollen lake formed by this month's devastating earthquake amid fears it could burst and trigger massive flooding, state media said on Wednesday.
A strong aftershock jolted southwest China killing at least one person and injuring 400 others, state media said, nearly a fortnight after a big earthquake killed tens of thousands in the same area.
As consumers began hitting the road Friday for the Memorial Day weekend, they faced the sobering reality that it now costs $87 to fill a Ford Explorer SUV, up $14 from last year, and $72 to fill a mid-sized Honda Accord, up $12
The onset of the rainy season threatens to swell dangerous "quake lakes" and compound the difficulties of reconstruction after China's worst earthquake in decades.
The U.S. Air Force operates the "world's largest airline" and every $10-per-barrel increase in crude oil boosts its annual operating costs by $610 million, Air Force Secretary Michael Wynne said on Thursday.
Its price has become one of the most widely discussed, debated and feared topics on Wall Street and on Main Street. But what's next? Will it continue to climb toward a "super spike" or have we seen the top for oil prices?
Ford Motor warned on Thursday that it no longer expects to meet a key target of returning to profitability in 2009 and would cut production through this year in response to a slumping U.S. auto market.
Tell Us: Who's to Blame for America's Oil Crisis?
Heavy rain over southwest China on Wednesday is likely to interrupt relief efforts and raise the risk of reservoir breaches in earthquake-stricken areas, where tents have become the most-wanted item.