April 18- The Obama administration said on Friday it would extend the period of time for federal agencies to weigh in on the Keystone XL oil pipeline, giving no new deadline.» Read More
BG strikes oil in Santos Basin off Brazil coast BG Group has made a "material" new oil discovery at its Iara well in Brazil's subsalt reserves, its sixth-straight success in the deep water Santos Basin since drilling began, the British gas producer said on Friday.
Boeing has announced the first cancellation of an order for its delayed 787 Dreamliner, signaling that airlines may be getting impatient for deliveries of the new, fuel efficient plane.
Airlines must "change the rules" in order to survive high oil prices and the other challenges the industry faces, said Doug Parker, chairman and CEO of US Airways Group.
Tropical Storm Edouard strengthened late on Monday as it churned across the Gulf of Mexico and will likely hit the Texas coast with near-hurricane strength, U.S. forecasters said.
Delinquent U.S. commercial real estate loans rose in June, as property owners struggled with falling prices and tight credit conditions, according to a report from Moody's Investors Service released Monday.
Natural gas has many virutes, but recent proposals to encourage demand could boost prices for consumers and petroleum-dependent industries.
Tropical Storm Edouard forced shut a huge U.S. offshore oil port, a refinery, some oil production and disrupted shipping as the storm raced toward the Texas-Louisiana coast on Monday.
The U.S. said the U.N. Security Council will have to increase sanctions against Iran for ignoring demands that it freeze sensitive nuclear activities.
Automakers are expected to report on Friday that U.S. auto sales fell for a ninth consecutive month in July, as the industry hits its worst showing in 15 years.
General Motors is in talks with Indian automaker Mahindra & Mahindra to sell its iconic Hummer brand, sources familiar with the matter said.
Beijing has vowed the Olympic Games will take place under blue skies, not the murky "sauna" haze that has shrouded the city recently, but even on apparently clear days pollution levels may not be safe for athletes.
Beijing is ready to expand an already drastic pollution-cutting scheme by taking more cars off the roads and shutting more factories if air quality remains a problem during the Olympic Games, state media said on Monday.
Hurricane Dolly left more than 27,000 electric customers without power in South Texas by midmorning Wednesday as bands of heavy wind and rain came ashore near Brownsville, just north of the U.S.-Mexico border.
Protests against China's policies at home and abroad, as well as marketing techniques used by companies that are not official Olympic sponsors, have made the Beijing games a risky proposition for some sponsors.
"This is a challenging time for families across our nation," Bush said Saturday in his weekly radio address. "I know many families are worried about rising prices at the pump and declining home values."
One of Beijing's most important subway lines seized up on Monday when the mass of passengers forced workers to close off entrances for safety on the first working day of pre-Olympic traffic restrictions.
Some experts believe there will be a "renaissance" in nuclear power-plant construction in the next few years. So the need for uranium, the main fuel in such plants, is expected to grow sharply.
Delta Air Lines and AMR both swung to a hefty losses, but their shares took off as the results beat diminished forecasts.
Crude prices may have made or be close to making their highs, a technical report by PVM oil associates said Wednesday.
A massive algae bloom that threatened the Olympic Games sailing venue at the Chinese coastal resort of Qingdao has now almost been cleared, state media reported on Wednesday.