Chevron posted a rise in quarterly profit as its refining arm managed to improve earnings despite the crippling of the company's oldest refinery last August.
Energy Secretary Steven Chu, the Nobel-winning physicist who survived the uproar after the solar energy company Solyndra went bankrupt, is stepping down.
One company found that energy usage in the US drops by more than 5% during the game and as much as 7.5% during the half-time show, even though it would take 10 coal-fired power plants to fire all the televisions being watched.
CNBC's Sharon Epperson reports oil is hitting record levels. Also, Paul Sankey, Deutsche Bank analyst, weighs in with how to play the oil space, amid growing unrest in Turkey.
Brent crude rose to a four-month peak, with traders citing optimism about the global economic recovery, while Brent's premium over U.S. oil futures widened nearly $1 a barrel in heavy spread trading.
A powerful explosion rocked the Mexico City headquarters of state-owned oil giant Pemex on Thursday, killing at least 25 people, injuring more than 100 and trapping others inside.
Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Oil continued its steady climb today and could soon have an impact on American consumers, particularly since gas prices have jumped 10 cents/gallon in the last week..
Brent crude oil futures rose to three-month highs, widening its premium over U.S. crude, concerns about rising crude stockpiles in the U.S. Midwest prompted heavy trading based on the spread between the two benchmarks.
A US pension fund with nearly $2 billion in assets is considering selling its holdings in some of the world's biggest oil and gas companies because of the threat posed by climate change. The FT reports.
Shell CEO Peter Voser told CNBC he doesn't expect a major recovery in natural gas prices in the U.S., after the Nymex-traded futures contract rebounded 24 percent from a year ago to $3.23 per million British thermal units.
Rio Tinto's Sam Walsh faces his first difficult decision as chief executive -- whether to shut the 1,400-staff Gove alumina refinery in Australia -- as under-performing units come under tougher scrutiny following $14 billion in writedowns this month.