Oil prices fall again, settle near $97 a barrel

The price of oil extended a weeklong decline, as signs of global economic weakness raised concerns about energy demand.  More »

Gov’t cuts summer gasoline price forecast

The government says gasoline will be cheaper this summer than previously expected thanks to a drop in the price of oil.  More »

Excuse me: Gassy dinosaurs helped warm Earth

Potty humor just got prehistoric. A new study suggests that dinosaurs may have helped keep an already overheated world warmer with their flatulence and burps 200 million years ago.  More »

Feds: Pipeline companies must keep safety records

Energy companies will need to keep up-to-date records to prove they are running the nation’s aging pipelines at safe pressures under a new set of guidelines the federal government announced Monday in response to a deadly natural gas explosion in a San Francisco suburb.  More »

Statoil profits down, sales up in first quarter

Norwegian oil company Statoil ASA on Tuesday said net profit dropped 4 percent in the first quarter, though the decline had much to do with the sale of a stake in a Canadian oil sands project that boosted the same quarter a year ago.  More »

Oil price drops to lowest point of 2012

The price declined after voters in France and Greece rejected incumbent leaders who supported austerity measures to fix the region’s struggling economy.  More »

Buffett backs TransCanada’s proposed oil pipeline

Billionaire Warren Buffett supports building the Keystone XL pipeline that TransCanada wants to build to carry Canadian oil south across the Great Plains to connect to Gulf Coast refineries.  More »

Leftist economist behind Argentina’s YPF takeover

Miguel Galuccio sat quietly with a nervous smile as Argentina’s president suddenly thrust the youthful oil executive from obscurity into one of the nation’s most high-pressure jobs: leading the newly state-controlled energy company.  More »

Interest in SD oil and gas leases continues

Similarities in underlying rock formations continue to fuel speculation that South Dakota might have petroleum reserves like those now fueling the oil boom in North Dakota.  More »

Pa. gas drilling brought $3.5 billion in 2011

Marcellus shale gas wells in Pennsylvania generated about $3.5 billion in gross revenues for drillers in 2011, along with about $1.2 billion in West Virginia, according to an analysis by The Associated Press.  More »

US eyes more cuts in Indian imports of Iranian oil

Hoping to wean India from Iranian oil imports, U.S. Secretary of State Hillary Rodham Clinton is urging Indian leaders to explore alternative suppliers as she opens a three-day visit to the energy-starved South Asian giant that will also focus on regional security and easing trade restrictions.  More »

Oil drops below $100 first time since February

Oil fell $4.05 to $98.49, after a weak U.S. jobs report offered the latest evidence that the global economy is weakening.  More »