Exxon Mobil and New Jersey reached a settlement of about $250 million in an environmental suit seeking $8.9 billion in damages. The NYT reports.» Read More
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.
China began three days of national mourning on Monday for more than 30,000 victims of an earthquake that struck a week ago.
China struggled on Friday to bury the dead and offer relief to those left injured, homeless and without food and water by the earthquake that may have killed more than 50,000 people.
Friday may be national Bike-to-Work Day, but more and more commuters are doing it on a daily basis, driven by ever-higher gasoline prices.
China ordered fresh waves of helicopters and aid into earthquake-devastated areas as severed roads, aftershocks and the sheer magnitude of 15,000 or more dead defied increasingly desperate rescue efforts.
Congress voted overwhelmingly to stop adding oil to the Strategic Petroleum Reserve until crude prices fall below $75 a barrel.
Thousands of Chinese troops are set to join a frantic search for earthquake survivors on Wednesday, with prospects looking increasingly grim for thousands of people buried under rubble and mud.
China's most devastating earthquake in three decades killed more than 12,000 people with the toll likely to soar after state media said on Tuesday nearly 19,000 were buried under rubble in one city alone.
Mom-and-pop service stations are running into a problem as gasoline marches toward $4 a gallon: Thousands of old-fashioned pumps can't register more than $3.99 on their spinning mechanical dials.
China's most devastating earthquake in three decades killed nearly 9,000 people on Monday, with the toll likely to soar as authorities struggle to reach casualties in large areas cut off from relief.
U.S. natural gas inventories could be at seriously low levels at the start of winter this year, if current rates of liquefied natural gas (LNG) imports remain at record lows, a Goldman Sachs report said Wednesday.
Indonesia is considering quitting the Organisation of Petroleum Exporting Countries (OPEC) as the country's crude oil output had declined, the country's President Susilo Bambang Yudhoyono said on Tuesday.
Done right, the smarter grid should save consumers money in the long run by reducing the need for new power plants, which we pay off in our monthly electric bills.
These days the environmental consequences and unfriendly economics of energy appear unsustainable. As a result, power providers and technology companies are making the electric grid smarter.
On the surface at least, giving drivers a summertime "holiday" on the 18.4 cent federal gasoline tax sounds like a good idea. Too bad the idea flunks Economics 101.
Growing safety concerns over children's toys has spiked interest in the eco-friendly toy sector and companies are working quickly to tap into the growing market.
Looking for a retail trade that could make the competition green with envy. Commander Planet to the rescue!