Spain's Repsol energy company said Wednesday its fourth quarter profits fell around 29 percent largely due to reduced production because of the Libya war.

In this Feb. 24. 2012 photo, a man puts a gas nozzle into his vehicle to fuel up, in Philadelphia.

MOTORISTS stung by rising gas prices may be on their own in the short term, but it's vital that they learn how to cope - for the sake of their household budgets as well as the nation's fragile economic recovery.

Gas prices climbed higher Saturday, continuing to march ever-closer to the all-time average local high of $4.60 per gallon set in 2008.

Michael Morris prepares to put gas in his car Friday, Feb. 24, 2012 in Philadelphia.

Friday is the last day for Rep. Kristi Noem's spokesman Josh Shields. Shields has served as Noem's communications director since she was elected to Congress in 2010.

The politically volatile Keystone XL pipeline is becoming embroiled in a widening controversy in Texas as supporters tout the promise of jobs and other economic benefits while increasingly vocal opponents say the project would trample property rights and endanger water supplies in East Texas.

Oil tanker loads up at the Westridge Terminal in Burnaby at the end of Kinder Morgan's Trans Mountain pipeline.

U.S. engineering company URS Corp will buy Calgary-based Flint Energy Services for $1.25 billion in a deal that significantly expands the American firm's presence in the oilsands - and opens... In advance of a European Union vote on low-carbon fuel standards scheduled for Thursday, a group of Nobel Peace Prize winners, including Archbishop Desmond ... (more)

North Sea oil of Brent quality was Monday morning sold for USD 121.20 per barrel on Asian markets, up USD 1.52. The reason is the tense situation in and around Iran, experts say.

Sometimes I miss the good old days-what was it, a year ago?-when liberals were in favor of civility.

Benchmark West Texas Intermediate crude rose 61 cents to US$102.92 in New York. That's the highest price since the middle of January.