Salman takes Saudi throne with continuity pledge

Jan 24, 2015

Salman takes Saudi throne with continuity pledge

New Saudi King Salman bin Abdul-Aziz Al Saud vowed to keep his conservative, oil-rich Muslim kingdom on a steady course and moved to cement his hold on power following the death of his half-brother King Abdullah. Abdullah, a cautious reformer who led the U.S.-allied ...

What led to the current oil glut?

Jan 15, 2015

What led to the current oil glut?

The world burns enough oil-derived fuels to drain an Olympic-size swimming pool four times every minute. Global consumption has never been higher — and it is rising. Yet the price of a barrel of oil has fallen by more than half over the past ...

Obama, Congress fight on pipeline

Jan 10, 2015

Obama, Congress fight on pipeline

A battle over an oil pipeline has become the opening salvo in a power struggle between newly empowered Republicans and President Barack Obama that could consume his final two years in office and shape his legacy. The outcome of the dispute over the Keystone ...

Jan 8, 2015

Shell, villagers agree to $83.5 million for huge oil spilll

Oil giant Shell has agreed to pay a Nigerian fishing community £55 million (about $83.5 million) for the worst oil spill in Nigeria, an unprecedented settlement that experts say could open a floodgate of litigation there and abroad. Wednesday’s agreement ends a three-year legal ...