oil

Science, Tech & Environment

With Keystone down and Exxon under investigation, it's been a tough week for the oil business

On Thursday, word came that ExxonMobil is being investigated for possibly misleading shareholders on the risks climate change poses to its business. On Friday, President Obama killed the Keystone XL oil pipeline to the US from Canada, citing the threat of climate change from burning fossil fuels. The oil business has seen worse weeks, but perhaps not many.

Business, Finance & Economics

The decline in oil prices will put the squeeze on Iran and Russia — and give a jolt to American consumers

The price of a barrel of oil has fallen to its lowest level in more than half a decade — and it's still falling. That's put a major dent in the economies of some of the world's largest oil producers, like Iran and Russia. But in the US, it's cause for celebration, as falling oil prices are translating into plummeting prices at the pump.

Science, Tech & Environment

With Keystone down and Exxon under investigation, it's been a tough week for the oil business

On Thursday, word came that ExxonMobil is being investigated for possibly misleading shareholders on the risks climate change poses to its business. On Friday, President Obama killed the Keystone XL oil pipeline to the US from Canada, citing the threat of climate change from burning fossil fuels. The oil business has seen worse weeks, but perhaps not many.