The prices of oil extended gains to near $98 a barrel on Thursday as a winter storm that slammed the U.S. raised expectations for higher energy demand and amid signs of weak supply growth. More »
Some projects should help alleviate congestion near the booming Bakken oil field. More »
Natural gas rocketed to a four-year high before plunging back near $5 per 1,000 cubic feet More »
Flint Hills Resources announced Tuesday that it will close its North Pole refinery, shuttering a major employer in the Fairbanks area and eliminating a local source of gasoline, jet fuel, heating fuel and other petroleum products. More »
The U.S. Environmental Protection Agency gave Texas authority over greenhouse gas permitting on Tuesday, ending a long, often bitter battle between the federal agency and the state. More »
Russia’s Emergency Situations Ministry says several dozen railcars carrying gas have derailed and caught fire northeast of Moscow, prompting the evacuation of hundreds of local resident. More »
“The fines we are proposing today should send a message to everyone involved in the shipment of crude oil: You must test and classify this material properly,” Transportation Secretary Anthony Foxx said.
Benchmark U.S. crude for March delivery was up 76 cents to close at $97.19 a barrel. More »
A Vancouver-based group is proposing a 1,600-mile railroad to transport bitumen from Alberta’s tar sands to Delta Junction, where the project’s creators hope to tap into TAPS, the Trans-Alaska Pipeline System.
Benchmark oil fell $1.06 to close at $96.43 a barrel. More »
The company is a provider of helicopter services to the offshore energy industry. More »
President Cristina Fernandez’s government has issued several price control programs to try to tame inflation. More »