WASHINGTON, April 17- A former 20- year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges alleging he used non-public information about the disaster to commit insider-trading, U.S. regulators said on Thursday.» Read More
Oil prices have been climbing for nearly two weeks straight, breaking new records almost daily. Friday's been no different with U.S. crude oil futures breaching the $90 a barrel level during the Asian morning session.
Oil closed at a record $93.53 a barrel on Monday as investors bet on another U.S. interest rate cut, the dollar struck new lows and Mexico briefly halted one-fifth of its oil production.
U.S. oil surged to a nominal all-time high of $93.20 a barrel on Monday, boosting the annual average price to $67.99.
The Supreme Court on Monday stepped into the long-running battle over the $2.5 billion in punitive damages owed by Exxon Mobil for the Exxon Valdez oil spill in 1989.
Coal is big, and getting bigger. As oil and natural gas prices soar, the world is relying ever more on the cheap, black-burning mainstay of the Industrial Revolution.
Oil rallied to a fresh record high above $92 a barrel on Friday as the dollar tumbled to a record low, Washington imposed new sanctions on Iran and gunmen shut more oil production in Nigeria.
If you think your car is an environmental monster, then be afraid, very afraid, of your house. I was covering a major home building conference last February when I heard an incredible factoid: your house leaves a bigger carbon footprint than your car. Why? Because, unlike your car, it is ALWAYS running.
Global gasoline prices rose in October, defying a seasonal fall at the end of summer when driving demand wanes, as crude prices hit record highs, a Reuters survey on Friday showed.
Oil roared to a new record over $90 Thursday as tight inventories and fresh signs OPEC will shrug off calls for additional oil from big consumer nations sent prices up more than 3 percent.
Oil closed higher Wednesday, after a sharp fall in U.S. inventories stirred up fears of a supply shortfall ahead of winter.
Kenya is the regional hub for trade and finance in East Africa. Agricultural output was reduced by a severe drought in 1999 and 2000, and recovery has been limited by widespread governmental corruption and by low prices for several primary exports. The International Monetary Fund has repeatedly suspended loans to Kenya (in 1997, 2001, and 2006) because of corruption, but GDP grew more than 5% in 2006.
Southern California wildfires moved 6 miles closer Wednesday to two nuclear reactors at the San Onofre power plant in northern San Diego County, but the utility that operates it says it is not in imminent danger.
With U.S. consumers facing higher heating costs this winter, a new government Web site gives homeowners specific, customized recommendations on how to cut their energy use and save on utility bills.
Oil fell Tuesday, as concerns about U.S. economic health and signs OPEC was ramping up output pulled prices further from the record above $90 struck last week.
An epic wave of fast-moving wildfires engulfed a massive swath of southern California on Monday, destroying hundreds of homes as more than 250,000 people were told to evacuate from neighborhoods, schools and hospitals.
Oil fell sharply toward $87 per barrel Monday, as part of a broad-based commodities sell-off on concerns over the health of the U.S. economy and a recovery in the U.S. dollar.
Opponents of coal-fired power plants say they were given a new weapon last week when Kansas became the first state to reject a coal-fired power plant solely on the basis of the health risks created by carbon dioxide emissions.
California will sue the Environmental Protection Agency next week in the state's bid to crack down on greenhouse gas emissions from vehicles, a spokesman for Gov. Arnold Schwarzenegger said Saturday.
Oil edged downward, after surging to a record high above $90 per barrel earlier on Friday. Boone Pickens offered CNBC his insights.
Arch Coal Friday that third-quarter profit fell 46 percent as a result of production cuts, missing Wall Street forecasts, but the miner said market conditions were improving.