Utah gov wants feds to move quickly on oil shale Today 6:15 PM EST

The governor of one of three states that could benefit greatly from oil shale says the Interior Department should move quickly and write regulations for its development before a new administration takes over. Read more

Canada's Addax Petroleum Corp. says it has acquired a one-third interest in a northern Iraq oil deal. Addax did not disclose financial terms but said Thursday it would fund the drilling of the first exploration well at the Kurdish field operated by Sterling Energy PLC. It will also reimburse Sterlin... Read more

Marathon Oil Corp. said Thursday it completed the sale of its 50 percent stake in Pilot Travel Centers LLC to Pilot Corp. and CVC Capital Partners in a transaction valued at about $700 million. Read more

Shares of some top oil companies are mixed at 10 a.m.: Chevron fell $1.05 or 1.4 percent, to $72.05. Read more

The global credit blaze raged on overnight despite signs that additional central banks joined the worldwide rate cut campaign. The intense heat melted Iceland - its banks, stock market, and currency dissolved into a sorry-looking puddle. The financial ramifications of the collapse raised tensions wi... Read more

Oil prices looked for direction Thursday as traders weighed fears that a looming global recession will crimp demand against speculation that OPEC may cut output to keep prices from falling too far. Read more

Oil prices closed at their lowest level in a year Thursday, falling below $85 a barrel even after OPEC signaled it may try to slow crude's downward spiral by cutting production. Read more

The Philippines announced Thursday that it had begun pumping crude oil from its first oil field development in 16 years--a relief to the country amid ongoing global financial woes. Read more

Gov. Arnold Schwarzenegger thought he had sealed one of the most ambitious health care overhauls in the nation's history. His administration spent months brokering a deal with Republicans, Democrats and divergent interest groups, then watched as it passed the state Assembly with bipartisan support. ... Read more

Oil prices fell below $88 a barrel Thursday in Asia on investor fears that crude demand will weaken as turmoil in the financial system pushes economies in the U.S. and Europe into recession. Read more