Democratic House lawmakers said they intend to tighten restrictions on pension funds, investment banks and other large investors that they blame for driving up fuel prices.
Chemicals company is suing Apollo Management and its two partners for fraud after they backed out of a $6.5 billion deal.
Price of crude oil fluctuated Monday as traders shrugged off a pledge by Saudi Arabia to increase its production this year if the market needs it.
Jon Huntsman Sr. blasted a private-equity group for backing out of a $6.5 billion deal to buy his chemicals company.
International oil prices dropped sharply after China raised prices for fuel by as much as 18 percent in a move to cool the nation's surging energy consumption.
Owners of a chemical plant where a December explosion killed four workers were accused of violating OSHA federal safety standards.
Specialty chemicals maker said it no longer thinks that it will be able to acquire Huntsman Corp. because of the deterioration of Hntsman's finances.
Fifth largest supplier of oil to the United States says it hopes to increase crude production by nearly 8 percent this year.
Court reduced a fine given to the German chemicals producer, saying regulators mislabeled the company as the leader of a cartel to fix food preservative prices.
Specialty chemicals maker said it's cutting 925 jobs and closing several plants, mainly in North America, to boost profitability.
Crude oil futures hit a record near $140 a barrel Monday as investors shrugged off Saudi Arabia's promise to boost production and instead focused on a weaker dollar.
An explosion at a Goodyear chemical plant killed a worker while injuring six others, and also caused a small release of ammonia.
National Association of Manufacturers President John Engler criticized the House Subcommittee for voting against a 'commonsense remedy to the energy crisis'.
Plastic baby bottles and water bottles are safe, a federal health official said, seeking to ease public concerns about the health hazards of a chemical used in the products.
U.S. Environmental Protection Agency says the recalled lawn products sold with unregistered herbicides were no more dangerous than similar, legally registered products.
Peter Sutherland, chairman of the oil giant's board, said recent high prices were not driven by market speculators or fears that oil is running out.
While the rapid decline in pickup and SUV sales has been grabbing headlines, minivan sales have also tumbled, falling 20 percent in the first 5 months of 2008.
U.S. Energy Department and the IEA both lowered their global oil consumption forecasts for this year because of surging prices, but said demand continues to accelerate in developing nations.
Prices resumed their upward trek Tuesday, rising sharply as investors focused once again on growing global demand for crude.
Top official called on the international community to be calm, saying governments and consumers are panicking over crude prices, which have flirted with record highs in recent months.
Company planning a detailed study looking at why workers at the Washington Works plant appear to be getting a rare form of cancer at a higher rate than normal.
Gas leak at a chemical factory under construction in southeastern Thailand sickened 112 people Tuesday, the factory and hospital officials said.
Average price of regular gas crept up to $4 a gallon for the first time over the weekend, passing the once-unthinkable milestone just in time for the peak summer travel season.
Global chemical company will purchase the assets of Air Products and Chemicals' pressure-sensitive adhesive business and its atmospheric emulsions business for $92 million.
Prices pushed sharply higher Friday after Morgan Stanley analyst Ole Slorer said he expected strong demand in Asia could drive crude prices to $150 by Independence Day.