Oil

California oil spill: What's happening?

Oil has been washing up on some Southern California beaches since a leak in an underwater pipeline from an offshore platform sent tens of thousands of gallons of heavy crude into the ocean waters. The spill fouled the famed sands of Huntington Beach, known as Surf City USA, and could keep the ocean and shoreline closed there and in some other communities to the south for weeks.

What's causing energy prices to spike?

Energy prices are spiking around the world, with the cost of oil, natural gas and coal climbing rapidly in recent months, roiling markets and raising concerns about the broader effect on the global recovery from the pandemic.