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Associated Press

(AP Photo/Hussein Malla, File)

Libyan official: Islamic State militants attack oil field

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The militants swept down from the central city of Sirte and attacked the al-Dhahra oil field to the south, trading fire with guards and blowing up residential and administrative buildings before eventually retreating.
Crude Oil Caps Biggest Weekly Increase In Two Years On Libya Unrest

US running out of room to store oil; price collapse next?

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If record production in the U.S. keeps up, storage tanks could approach their operational limits, known in the industry as “tank tops,” by mid-April and send the price of crude — and probably gasoline, too — plummeting.
OIL MARKETS

Kinder Morgan to give more public info on New Hampshire pipeline plan

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In a letter sent last week to Kinder Morgan, the state’s congressional delegation asked the company to do more public outreach beyond five meetings conducted recently in communities affected by the proposal.
(AP Photo/Xinhua, Jin Liangkuai)

Philippines suspends oil, gas exploration in disputed waters with China

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Oil and gas exploration company Forum Energy Plc. said the Department of Energy instructed it to halt all work in its contracted area at Reed Bank in the South China Sea off the western Philippine province of Palawan.
Photo: Timothy A. Clary/AFP/Getty Images

Federal oil lease sale of western Gulf tracts set for August

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The sale will include approximately 4,000 blocks, from nine to 250 miles offshore, in depths ranging from 16 to almost 11,000 feet.
(Image: Fotolia)

Ohio sues BP for more than $33M in cleanup of storage tanks

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The state’s attorney general and the Ohio Petroleum Underground Storage Tank Release Compensation Board filed the lawsuit Monday. The board administers a fund used as a last resort when tank owners lack coverage or don’t accept insurance money.
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(Markus Schreiber/Associated Press)

Russia, Ukraine hold emergency gas talks as cutoff looms

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The European Union, which is mediating the talks in Brussels hoping to keep gas flowing despite the dispute, imports around 40 percent of its gas from Russia, half through conflict-torn Ukraine.
T-14 IntRel 2-28-15.2

Cleanup crews respond to Hilcorp pipeline spill in Alaska

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The Alaska Department of Environmental Conservation says responders were able to reach the site at about 6 a.m. Sunday after severe blizzard conditions overnight Saturday halted response efforts.
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Lawsuit alleges Exxon denied more claims than paid

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Two batches of bad fuel produced at Exxon Mobil in mid-March 2014 caused some Baton Rouge area drivers to experience problems with their intake and valve systems.
(Daniel Acker/Bloomberg)

Buffett praises Exxon Mobil even after selling oil firm

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Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire shareholders over the weekend.