ConocoPhillips buys Marathon Oil for $17.1 billion
ConocoPhillips is acquiring Marathon Oil in a blockbuster deal amid ongoing consolidation in the energy industry.
Oil and Gas
Priest and retired teacher smash case holding copy of Magna Carta
Video posted online shows the Rev. Sue Parfitt and Judy Bruce —protesters from Just Stop Oil — gluing themselves to the display.
Rep. Cuellar, wife indicted for bribery
The Department of Justice is alleging Rep. Henry Cuellar, a Democrat from Texas, and his wife, Imelda Rios Cuellar, accepted bribes from an oil and gas company owned by the Azerbaijan government and a Mexican bank, according to an indictment obtained by CBS News. CBS News congressional correspondent Scott MacFarlane reports.
Huge fire seen as Ukraine hits Russian oil depots with drone strike
Ukraine claims to have destroyed almost 1 million cubic feet of fuel in a drone strike on Russian state-owned oil depots.
World smashes record for hottest January ever observed
The warmest January on record was confirmed right after the world experienced its hottest year ever observed.
Why U.S. is reinstating Venezuela sanctions
Venezuela's top court is blocking opposition leader María Corina Machado from holding public office, which has led the U.S. to reinstate sanctions against its state-owned gold-mining company and the country's oil and gas sector. Eric Martin, a Bloomberg Business international economics reporter, joins CBS News with a look at the sanctions.
BP suspends all oil shipments through the Red Sea as attacks escalate
Oil prices jumped on Monday after the energy giant said it would pause transits through the Red Sea amid a surge in attacks along the key maritime route.
COP28 extended due to fossil fuel debate
The COP28 climate talks have gone into overtime as nearly 200 nations try to reach an agreement over the future of fossil fuel use. CBS News senior national and environmental correspondent Ben Tracy joins to unpack the debate.
COP28 agreement stalls on fossil fuel debate
There is still no final agreement in place at the COP28 climate summit in Dubai as some nations argue for language about phasing out fossil fuel use. CBS News senior national and environmental correspondent Ben Tracy is following the debate.
COP28 draft omits phaseout of fossil fuels
The latest draft of the agreement from the COP28 climate summit in Dubai, United Arab Emirates, does not mention the phasing out of fossil fuels, which was expected by climate activists. CBS News senior national and environmental correspondent Ben Tracy looks at the impact of the decision.
COP28 president Sultan al-Jaber draws fire over fossil fuel remarks
Dr. Sultan al-Jaber, president of the COP28 climate conference and CEO of a major oil company, says he's "quite surprised" by what he calls "attempts to undermine" his work.
Breaking down day one of COP28 in Dubai
The United Nations Climate Change Conference, known as COP28, kicked off Thursday in Dubai, and delegates already agreed to a major deal. CBS News senior national and environmental correspondent Ben Tracy has more.
What to know about the COP28 climate summit
Diplomats from nearly 200 countries will gather in Dubai, U.A.E., starting Thursday for the U.N.'s annual climate talks. CBS News senior national and environmental correspondent Ben Tracy explains what's on the agenda.
Chevron to buy Hess for $53 billion in second giant oil deal this month
Chevron's purchase of Hess for $53 billion is the second energy industry megadeal this month amid a surge in oil prices.
Oil prices surge amid Israel-Hamas war
Oil prices rose 5% Friday amid the war between Israel and Hamas. J.D. Durkin, host of "The Street," joins CBS News to discuss what the spike means for U.S. investors.
Oil is rising amid the Israel-Hamas war. Here's impact on gas prices.
Fighting has broken out between Israel and Hamas, pushing up global oil prices amid fears the conflict could escalate.
Oil cuts abroad could impact interest rates
Saudi Arabia and Russia have agreed to extend their voluntary oil production cuts through the end of 2023 -- a move that's already driving prices up. Carolyn Kissane, associate dean at New York University's Center for Global Affairs, joins CBS News to discuss how higher oil prices could also impact interest rates in the U.S.
A silver lining to Norway's soggy summer rain clouds: Free electricity
Rain-swelled reservoirs in hydro-powered Norway mean residents in its two largest cities have enjoyed 2 days with free electricity.
Blaze at Louisiana refinery forces evacuations
A large fire that broke out in the storage tank of an oil refinery in Garyville, Louisiana, on Friday forced nearby residents to temporarily evacuate their homes. There were no injuries in the fire and it did not spread outside the refinery.
Ecuador votes to stop oil drilling in Amazon reserve: "Historic"
NGO Amazon Frontlines said the vote was a "demonstration of climate democracy, where people, not corporations, get to decide on resource extraction and its limits."
Activists turn U.K. leader's home black to protest oil "drilling frenzy"
Greenpeace activists draped Prime Minister Rishi Sunak's Yorkshire house in black fabric in response to the U.K. government's oil exploration policy.
July is set to be the hottest month ever recorded, U.N. says
"Climate change is here. It is terrifying. And it is just the beginning," U.N. Secretary-General Antonio Guterres said.
Oil finally being pumped off tanker decaying perilously off Yemen coast
After years of warnings of a potential disaster, more than 1.1M barrels of oil is finally being siphoned off the FSO Safer.
Iran fired shots at oil tanker near Strait of Hormuz, U.S. Navy says
The Navy said Iran tried to seize two oil tankers near the strategic Strait of Hormuz early Wednesday, firing shots at one of them.
U.N. rushing to prevent "one of the worst oil spills" in history
The massive supertanker with more than 1 million barrels of oil on board could "spontaneously explode or break apart at any moment," the United Nations warns.
Hurricane Melissa makes landfall in Jamaica as Category 5 storm
Hurricane Melissa made landfall Tuesday in Jamaica as a fearsome Category 5 storm. Forecasters said it could be the island's "storm of the century."
Live
Senate fails to advance GOP bill to end shutdown for 13th time
The Senate failed for a 13th time on advancing a GOP funding bill that would end the government shutdown, now on Day 28. Follow live updates here.
Netanyahu orders Israeli army to carry out "powerful strikes" in Gaza
The order from Netanyahu follows heightened tensions after Hamas returned a set of remains that Israel said belonged to a hostage recovered earlier in the war.
U.S. strikes 4 more alleged drug boats in Pacific, killing 14
The U.S. on Monday struck four more vessels that the Pentagon says were trafficking narcotics in the eastern Pacific Ocean, Defense Secretary Pete Hegseth announced.
Trump appeals criminal conviction in "hush money" case
President Trump's lawyers filed their long-promised appeal of the Manhattan "hush money" criminal case that led to his felony conviction.
Senate Democrats to force vote aimed at blocking Trump's tariffs on Brazil
The Senate is expected to vote Tuesday on a measure that would block President Trump's tariffs on Brazil, as Democrats seek support from a handful of Republicans.
House GOP report urges DOJ investigation into Biden's autopen use
The GOP majority report criticized Biden's autopen use, but did not offer clear evidence that aides conspired to enact policies without his knowledge.
25 states sue Trump administration over food stamp freeze during shutdown
Officials from half the states and the District of Columbia are asking a federal judge to order the Department of Agriculture to provide food stamp benefits for November.
Airlines feeding air traffic controllers as they miss first paychecks
Airlines are donating meals to unpaid federal aviation workers during the government shutdown as air traffic controllers missed their first paychecks.