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Nigerian militants claim pipeline blast, tanker crew's seizure

Nigerian militants said Monday they had blown up an oil pipeline and captured six crew members of a chemical tanker.

Royal Dutch Shell profits fall

International oil giant Royal Dutch Shell announced Thursday that its net profits fell 27 percent in the last quarter of 2008, another indicator of the sickly global economy.

Time.com: No Gloating for Big Oil

In a week when oil prices shot to $143 a barrel, the mood at the World Petroleum Congress was surprisingly somber

Briefing: Oil

We rely on it to power our everyday lives, and it drives the economy worldwide, but oil faces an uncertain future in the 21st century. Black gold is increasingly expensive, environmentally damaging and, in the view of some experts, increasingly scarce.

Shell Oil president: To cut price, produce more gasoline in U.S.

Gasoline prices set a record for the 16th consecutive day Wednesday. A gallon of gas cost an average of $3.62, according to AAA, and much more in some markets.

CNNMoney: In defense of oil companies

Oil producer BP reported a 63% increase in profits Tuesday to a whopping $7.6 billion. Royal Dutch Shell's first-quarter earnings increased 25% to a record $9.1 billion.

CNNMoney: Congress, critical of tax breaks, lays into oil execs

Lawmakers grilled executives from the world's five largest publicly traded oil companies Tuesday, criticizing them for taking tax subsidies and not investing in renewable resources amid record prices for oil and gasoline.

Business 2.0: The hijack-proof truck

You can't go far wrong in a truck equipped with an Astrata box. The device, half the size of a cigarette pack, can be wired into anything that moves - truck, car, shipping container - to head off nearly every conceivable type of disaster.

CNNMoney: Royal Dutch Shell's profit leaps 20%

Royal Dutch Shell Plc bucked an industry-wide trend of falling earnings on Thursday, posting a 20 percent rise in second-quarter profits as fat refining margins helped outweigh lower output.

Fortune: HOW THE COMPANIES MEASURE UP RANKED BY PERFORMANCE

Exxon Mobil (No. 2) had a record $39.5 billion profits, which is impressive enough. Even more remarkable is that its earnings grew $3.4 billion in 2006, while Royal Dutch Shell (No. 3) had only a small increase, and BP (No. 4) saw profits fall. Russian gas giant Gazprom (No. 52) grew its profits 37%, to $20.3 billion.

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