NEW YORK — Oil prices are soaring again, but motorists don’t need to worry — yet. The price of crude has jumped 22 percent since the beginning of October and is nearing $100 a barrel. For most of the summer, ...

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WASHINGTON — The Obama administration will cautiously open up more areas in the Gulf of Mexico and off Alaska’s coast to oil and gas drilling. The drilling plans are much narrower in scope than what the administration had said it ...

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DALLAS — Southwest Airlines Co. suffered its first losing quarter in two years because its fuel-hedging bets turned sour when oil prices fell this summer. But its fares rose and planes were packed. That helped the company’s airline business make ...

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A majority of Marylanders are willing to shell out more for electricity to buy power from offshore wind farms, according to a poll released Monday by a coalition of environmental groups. The survey’s respondents were asked, “Please indicate whether you ...

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NEW YORK — Oil prices are rising after a burst of hiring in the U.S. calmed fears of a new recession. Benchmark crude rose 60 cents to $83.19 per barrel in New York on Friday, while Brent crude lost 9 ...

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NEW YORK — Oil prices fell for a third day Friday on worries about the global economy and demand for energy products. The sluggish U.S. economy and Europe’s debt problems continued to dog investors. Moody’s downgraded eight Greek banks, because ...

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NEW YORK — Sunoco Inc. says it’s getting out of the refining business. The Philadelphia company, which owns two refineries in Pennsylvania, says refining oil into gasoline and other fuels has yielded disappointing returns. It plans to sell those refineries ...

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NEW YORK — Exxon Mobil Corp. said Thursday that profit rose 41 percent in the second quarter, when the price of gasoline and other fuels jumped to three-year highs. Exxon’s second-quarter income of $10.68 billion is the largest since it ...

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OCEAN CITY — Veteran scuba diver Ted Green says he isn’t worried about sunken vessels near area beaches that are under scrutiny for potential oil leaks. The oil they once held, he says, is long gone — already dispersed into ...

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NEW YORK — ConocoPhillips, the third-largest U.S. oil company, said Thursday that it will split itself into two separate publicly traded companies and its CEO and Chairman Jim Mulva plans to retire once the transaction is complete. The breakup would ...

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