Oil

Oil giant Shell and Malaysian state-run oil company Petronas have finalized a 20-year deal to develop the largest oil field in Iraq. Steve Chiotakis gets more details from Marketplace's Stephen Beard.

Prices are once again going up at the pump and that's likely to continue throughout the month. But with consumer demand down and the unemployment rate still hovering, some analysts say the higher costs can't be sustained all year. Bob Moon reports.

Oil is up $2 to over $81 a barrel, its highest in more than two months. The main reason: the cold weather. Bill Radke gets more from energy reporter Carola Hoyos with the Financial Times.

Russian oil giant Lukoil has signed a deal to develop one of Iraq's biggest oil fields. U.S. oil companies could have bid for the contract earlier this month, but few were present at the auction. Nancy Marshall Genzer explains why.

The House passed a bill strengthening sanctions against Iran in an effort to step up pressure on the country to end its nuclear weapons program. Brett Neely explores what's involved in the bill.

ExxonMobil will buy XTO Energy is a stock deal worth $41 billion. Sarah Gardner reports the corporate takeover signals a shift away form oil and coal.

Exxon Mobil is buying American firm XTO Energy in an all-stock deal worth $31 billion, with XTO's position on natural gas being the pull. Bill Radke explores the deal with trader Phil Flynn of PFG BEST in Chicago.

There are charges that the International Energy Agency's figures are false, and the world is much closer to running short of oil than the IEA lets on. European correspondent Stephen Beard talks with Bill Radke about those claims.

There's not enough power to go around in South Asia, so India is hoping to get natural gas shipped in from Iran. But there's one big obstacle. Raymond Thibodeaux reports.

British Petroleum is expected to be hit today with the biggest fine in the history of the Occupational Safety and Health Administration. Stephen Beard reports.