US to become world's top oil producer by 2017

The United States will become the world’s top oil producer by 2017, according to the annual long-term report by the International Energy Agency (IEA). The US will surpass both Saudi Arabia and Russia, and will come close to achieving self-sufficiency... FULL STORY

Oil prices lower as tension eases over Egypt

Oil prices fell Monday as an uneasy calm settled over Egypt and concerns resurfaced about the pace of U.S. economic growth...

Source: http://fiance.yahoo.com

Oil creeps above $72 after big fall on weak demand

Oil prices rose slightly to above $72 a barrel Wednesday in Asia after a steep drop the previous day...

To Russia With Flub: Hayward's BP Blunders

BP CEO Tony Hayward, misstep by staggering misstep, summoned his own pink slip.

BP, Oil Industry Take Fire at Hearing

Top executives from Exxon Mobil Corp., Chevron Corp. and Royal Dutch Shell PLC sought to distance themselves from...

Bloomberg Urges Critics to Go Easier on BP

New York Mayor Michael Bloomberg became a lonely defender of BP PLC on Friday, declaring the world should not rush to point fingers at the British oil giant for the Gulf of Mexico oil spill.

Obama remarks fuel sell-off of BP, drillers

Investors pummeled shares of oil drillers and yesterday, after President Obama talked tough about dealing with the worst oil spill in the nation's history.