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  • CANBERRA, Australia — An Australian subsidiary of U.S. energy giant Chevron Corp. lost a court appeal on Friday against a 340 million Australian dollar ($260 million) tax bill in a ruling with ramification for how multinational corporations transfer money. Three judges of the Austral… Read More ➝

  • WASHINGTON — The Environmental Protection Agency is again moving to derail Obama-era regulations aimed at reducing pollution from the fossil fuel industry. EPA Administrator Scott Pruitt announced Wednesday he’s issued a 90-day delay for oil and gas companies to follow a new ru… Read More ➝

  • ABU DHABI, United Arab Emirates — Saudi Arabia’s oil minister on Thursday suggested that production cuts agreed to by OPEC members and countries outside of the cartel may need to continue to help shore up crude oil prices. The comments by Khalid al-Falih carry significant weigh… Read More ➝

  • WASHINGTON — Exxon Mobil is seeking permission from the U.S. government for approval to resume drilling around the Black Sea with a Russian partner, state-owned Rosneft, according to a person familiar with the matter. The oil giant’s request is being reviewed by the Trump admin… Read More ➝

  • WASHINGTON — A resilient China, rising commodity prices and sturdy financial markets are offering a sunnier outlook for the global economy and helping dispel the gloom that has lingered since the Great Recession ended. That’s the picture sketched Tuesday by the International Mo… Read More ➝

  • ANCHORAGE, Alaska — An oil well leaking natural gas on Alaska’s North Slope was successfully plugged by pumping saltwater into the well, according to private and government responders. The state Department on Environmental Conservation on Monday said the well operated by BP Exp… Read More ➝

  • DETROIT — Hydrogen fuel cell cars could one day challenge electric cars in the race for pollution-free roads — but only if more stations are built to fuel them. Honda, Toyota and Hyundai have leased a few hundred fuel cell vehicles over the past three years, and expect to lease… Read More ➝

  • SAO PAULO — Brazilian construction giant Odebrecht paid $40 million to President Michel Temer’s party and another party to ensure a contract with the state oil company, according to testimony from a former Odebrecht executive. Marcio Faria’s accusation came in plea bargai… Read More ➝

  • PARIS — The International Energy Agency expects growth in the global demand for crude oil to slow for a second consecutive year in 2017. The Paris-based agency expects growth of 1.3 million barrels a day this year, compared with 1.4 million barrels previously forecast, due to stalled… Read More ➝

  • PORTAGE, Ind. — A spill at a U.S. Steel plant in northern Indiana that sent wastewater containing a potentially carcinogenic chemical into a Lake Michigan tributary was apparently caused by a pipe failure but testing has found none of that toxic substance in the lake, the company and federa… Read More ➝