Oil, natural gas extend gains on US winter storm

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 »

BNSF to invest $5 billion in its railroad in 2014

Some projects should help alleviate congestion near the booming Bakken oil field.  More »

Oil gains; natural gas soars, then falls back

Natural gas rocketed to a four-year high before plunging back near $5 per 1,000 cubic feet  More »

Flint Hills says North Pole Refinery will close

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 »

EPA shifts greenhouse gas permitting to Texas

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: 32 railcars carrying gas derail, on fire

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 »

Feds: Oil from Dakota fields improperly classified

“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.  More »

Oil price rises as U.S. stocks stabilize

Benchmark U.S. crude for March delivery was up 76 cents to close at $97.19 a barrel.  More »

Canadian group pitches Alaska rail line for oil sands

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.  More »

Oil drops on weaker U.S., China manufacturing data

Benchmark oil fell $1.06 to close at $96.43 a barrel.  More »

Bristow Group CEO Chiles to retire in July

The company is a provider of helicopter services to the offshore energy industry.  More »

Argentina slams Shell for fuel price hike

President Cristina Fernandez’s government has issued several price control programs to try to tame inflation.  More »
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