Oil giant Mobil has escaped a $10m bill for the cleanup of a contaminated area of Auckland's Wynyard Quarter after winning a Supreme Court appeal

Consumer prices rose less than expected in the June quarter as cheaper meat and domestic airfares offset a recovery in petrol prices

The oil industry is fighting a generation gap.

One in three motorists will drive further to buy cheaper fuel, according to a nationwide survey of our service station habits.

More competition is needed to cut petrol prices - and somebody should petition Gull to expand, Transport and Energy Minister Simon Bridges says.

The New Zealand division of British Petroleum more than tripled net profit in 2015.

The New Zealand division of ExxonMobil narrowed its 2015 loss even as revenue dropped 15 per cent.

Oil broke through US$50 ($75) a barrel last week for the first time since October.

Prices have been moving up recently and they augur higher prices at the pump for consumers.

COMMENT: The Royal Society has called for urgent action in NZ on carbon emissions. But the transition to renewable energy won't be quick or easy.

The company said earnings had been impacted by the settlement of its dispute with Customs.

Z Energy is allowed to buy Caltex and Challenge! petrol stations, but must sell 19 of its retail sites.

New Zealand Oil & Gas has upgraded the developed reserves at the Kupe field off the Taranaki coast.

Earthquakes are a natural hazard - except when they're man-made.

Z Energy will get back $9.5 million of the amount it paid last year to settle a dispute with New Zealand Customs.

It's been boom and bust in the US oil game for a long time - but this bust is shaping up to be the biggest ever.

Electric vehicles are far more useful to New Zealand for reducing carbon emissions than rooftop solar power, says a new study

WATCH: On the latest extra episode of The Economy Hub, guest panelists Bernard Doyle and Aaron Quintal discuss markets rebound.

A 6 cent increase in 91-octane petrol in the past week is likely the first of several increases to come, according to Automobile Association.

An expert from Norway says if New Zealand is serious about getting motorists into electric cars the government needs to act.

A meeting of oil producers to discuss a global pact on freezing production is unlikely to take place in Russia on March 20, inside sources say.

Even if Saudi Arabia wins its struggle with US shale producers over market share, it will face a new billion-barrel adversary.

Plunging oil prices have forced New Zealand Oil & Gas to shed workers, prune its board and will lead to the shutdown of an offshore field four years early.

New Zealand Oil & Gas widened its first-half loss as it wrote down the value of its Tui and Maari investments.

Global equity markets have received a boost from an upturn in crude oil as the market focused on a forthcoming meeting of major oil producers.

Saudi Arabia - Stung by falling oil prices, Saudi Arabia has cut spending and subsidies as part of harsh austerity measures that threaten the lavish welfare programs underpinning its stability.

The departing chief of Royal Dutch Shell's U.S. division says the failed quest to find crude in Arctic waters off Alaska is still a point of pride because it demonstrated the company's technical expertise.

'Liquid American Freedom' - the first US crude bound for overseas markets in 40- years has left the Gulf coast headed for France.

Petrol prices have been fluctuating over the last couple of months, but it is hard to say whether pump prices will keep falling.