Oil below $102 amid US crude supply increase

Oil prices lingered below $102 a barrel Wednesday in Asia after a report showed U.S. crude supplies jumped more than expected for a third week, suggesting demand remains weak.  More »

Chevron says first-quarter profit will beat fourth-quarter

The oil company said Tuesday that it also benefited from higher refining profit margins, lower operating costs, and gains from selling assets.  More »

Oil futures settle at a two-month low

Benchmark U.S. crude dropped by $1.44 to $101.02 per barrel.  More »

Drivers to pay 6 pct more for gas this summer

U.S. drivers will pay an average of 24 cents more per gallon for gasoline during this summer’s travel season, the government says.  More »

ERCOT doesn’t foresee rolling summer power outages

The state’s electric grid operator is predicting that Texas will make it through the summer without rolling outages after the system was pushed to the brink last year.  More »

Marathon selling Alaska assets

Marathon Oil Corp. plans to sell most of its Alaska assets to Hilcorp Alaska LLC as part of a corporate strategy to focus on oil shale production.  More »

Coal exports surge to highest level since 1991

Government data show U.S. coal exports reached their highest level in two decades last year as strong overseas demand offered an outlet for a fuel that’s falling from favor at home.  More »

Sierra Club sues in effort for Ohio drilling info

An environmental organization is asking an Ohio judge to force the state Department of Natural Resources to disclose plans for oil and gas drilling at state parks and other public properties.  More »

Oil prices fall on economic concerns

West Texas Intermediate, the U.S. benchmark crude, gave up 85 cents to end at $102.46 per barrel.  More »

W.Va. gas firm dismissed from drilling lawsuit

A judge has dismissed a defendant from a lawsuit that a Marion County man filed against two companies he believes plan to use his property to drain natural gas from his neighbors’ reserves.  More »

Total’s North Sea leak draws comparisons with BP

Oil giant Total has moved to reassure investors and environmental activists over the past week that the financial and environmental damage from its gas leak in the North Sea would be limited, a task made more difficult by comparisons to BP’s handling of a catastrophic oil spill in the Gulf of Mexico nearly two years ago.  More »

Spring: A time for flowers, high gasoline prices

Ahh, spring. The days get longer, flowers bloom, and gasoline gets more expensive.  More »