Oil

BP has brought a major crude distillation unit at an Indiana refinery back online, offering instant relief at the gas pump for Midwest drivers.

Driven by Asian growth, global consumption of gas, heating oil and other petroleum products reached a record high last year.

It’s been said that Wall Street graves are full of those who were right too early. 

In a new report Goldman just called the bottom in oil.

As commodities continue to get pounded, with the majority in a severe downtrend in November, U.S. manufacturing, led by the struggling energy sector, has been pushed into a recession. 

BP says it has restarted a portion of a large Indiana oil refinery whose unplanned shutdown for repairs caused gasoline prices in the region to spike earlier this month.

Oil and gas industry watchers say pump prices have jumped across the Great Lakes region because of the unexpected, partial shutdown of a large Indiana oil refinery.

An explosion and fire tore through part of a Southern California oil refinery, shattering both a four-story structure and the peace of people whose nearby homes shook from the blast.

The first nationwide strike at U.S. oil refineries since 1980 is spreading to two BP plants in the Midwest.

Four workers at an oil refinery in southeast Kansas were burned Tuesday in an early morning fire, the Texas company said.

Stock market volatility has fueled growing doubts that the Fed can raise interest rates as fast as central bank policy makers had forecasted last month.

While Americans have cheered tumbling prices at the pump, the companies that work the fields that draw the oil that eventually becomes gasoline have been caught in a vicious price squeeze.

Data showing the U.S. economy grew more slowly than economists expected during the first three months of the year pushed oil prices mildly lower Friday.

T. Boone Pickens says he is not worried about the impact of China and Greece on oil.

Maybe it was appropriate that his last message to his subjects surrounded oil. Saudi Arabia's King Abdullah bin Abdul-Aziz died after a long bout with pneumonia, giving oil a boost even in the face of a soaring dollar and a historic step by the European Central Bank to move towards quantitative easing.

The chief executive of French oil major Total, Christophe de Margerie, was killed when his private jet collided with a snow plow as it was taking off from Moscow's Vnukovo airport on Monday night.

Few geopolitical weapons can undo despots or authoritarian government quite like an oil price plunge. Case in point: The Soviet Union, where power increased when oil and gas prices rose.

Nelson Bunker Hunt, the Texas oilman once considered the world's richest man before his fortunes were undone by Muammar Gaddafi and his own epic overreaching in the silver market, died on Tuesday at age 88.

OPEC agreed to renew its oil production cap of 30 million barrels a day for the first half of 2014, as oil prices remain well above the cartel’s threshold.