ORANGE BEACH, Ala.— With the Memorial Day holiday just around the corner, fallout from the oil spill that left Gulf Coast beaches smeared with gooey tar balls and scared away visitors in 2010 is being credited, oddly, with something no one imagined back then: An increase in tourism in the region. Questions remain about the long-term environmental impacts of the BP...» Read More
Oil prices extended a record rally to more than $89 a barrel on Thursday, supported byrecord weakness in the dollar, lingering geopolitical worries and tight inventories heading into winter.
Government efforts to tackle climate change are creating a "megatrend" investment opportunity that should tempt even those sceptical about the nature and pace of global warming, Deutsche Bank analysts said on Thursday.
Oil's record rally stalled on Wednesday, after an OPEC minister said the group could not rule out another output hike to cool the red-hot market and may call a formal meeting next month in Saudi Arabia.
There is a quiet battle for the future of this industrial town, one of America's most polluted places.
Oil closed at a record high, but below a new intraday peak established Tuesday, as investors watching supply concerns and tensions in northern Iraq extended the nine-dollar rally that started last week.
Oil zoomed to an all-time high of $86.13 a barrel, propelled by robust demand from booming commodity markets and fresh geopolitical worries.
I’d like to thank the folks in Norway for choosing to announce Al Gore’s Nobel Prize win today, as opposed to say next Friday or last Friday. For months now, I’ve been pitching a story on the Solar Decathlon, a competition going on now on the National Mall that happens every two years and brings students from universities in the U.S. and Canada together to show off the best and brightest in green building.
Former US Vice President Al Gore and the UN climate panel shared the 2007 Nobel Peace Prize on Friday for raising awareness of the threat of global warming.
World oil demand will grow more slowly than expected in the fourth quarter as record-high oil prices prompt some consumers to seek alternatives, the International Energy Agency said on Thursday.
When it comes to solving the fossil fuel crisis, it seems like every silver lining comes accompanied by a dark cloud.
A major power generator agreed in a court settlement Tuesday to spend $4.6 billion to reduce chemical emissions blamed for spreading smog and acid rain across the Northeast.
Kazakhstan's president pledged Monday not to review a major oil development contract with an international consortium led by Italy's Eni amid tensions sparked by production delays.
The average retail price for a gallon of gasoline in the United States fell 4.31 cents in the last two weeks, but is not expected to drop much more, according to an industry analyst.
Italian Prime Minister Romano Prodi, arriving in Kazakhstan on Sunday, said specialists were working on potential solutions to a dispute between Kazakh authorities and Italian oil company Eni.
General Electric said Thursday it will close a number of lighting plants in Brazil and the U.S., as part of a plan to restructure its consumer and industrial division, potentially cutting more than 1,400 jobs in the process.
ConocoPhillips Chief Executive James Mulva said on Wednesday he was "encouraged" by talks with Venezuela on reaching a compensation deal over the seizure of the oil company's assets there.
Amid soaring oil prices and ballooning global fuel demand, the Bush Administration is calling on Americans to help conserve energy on a personal level.
Indonesia wants to boost its share of the revenues from a disputed offshore natural gas block held by U.S. oil giant Exxon Mobil, Minister of Energy and Mineral Resources Purnomo Yusgiantoro said late Tuesday.
Kazakhstan softened its rhetoric on Wednesday in a row over production delays with a group of oil companies led by Italy's Eni, saying it hoped to resolve environmental concerns at the offshore oilfield.
General Motors said U.S. sales rose nearly 4% in September, boosted by incentives on its pickup trucks, while Ford Motor and Toyota Motor posted declines.