Oil tops $102 on signs of rise in gasoline demand

WTI rebounded last week after the EIA said crude inventories slid from 399.4 million barrels, the highest level since weekly reports were published in 1982. Supplies expanded by 912,000 barrels in the seven days ended May 9, according to the API, which collects information on a voluntary basis from operators of refineries, bulk terminals and pipelines.  More »

Argentine court orders probe of Chevron-YPF deal

Argentine President Cristina Fernandez is accused of abusing her power and harming the environment by issuing a decree last year that facilitated the deal.  More »

Rangeland building oil and gas hub in New Mexico

New Mexico Gov. Susana Martinez applauded the company’s investment in the state.  More »

Government acknowledges gaps in oil well inspections

The Interior Department’s BLM is counting on Congress to approve a budget request that would allow it to use $10 million raised from fees charged to oil and gas companies to pay for high-priority inspections.  More »

Ohio House plans vote on tax hike for oil drillers

The bill imposes a 2.5-percent severance tax on horizontal wells, including those extracting resources through hydraulic fracturing.  More »

Oil gains on anticipation of U.S. supply drop

U.S. crude for June delivery gained $1.11 to $101.70 a barrel.  More »

Vietnamese workers protest at Chinese factories

Vietnam reacted angrily to the arrival of the deep sea oil rig on May 1 close to the Paracel Islands, which are controlled by China but claimed by Hanoi.  More »

Charges brought in Quebec railway disaster

The Quebec provincial prosecutor’s office said 47 counts of criminal negligence have been filed against engineer Thomas Harding, manager of train operations Jean Demaitre, and Richard Labrie, the railway’s traffic controller.  More »

Texas oil and gas regulator warns against ‘knee-jerk’ reaction to quakes

“A knee-jerk reaction could have a negative impact on our economy because of the large role the oil and gas industry plays here,” a lead industry regulator testified at a subcommittee hearing in Austin.  More »

Energy savings bill fails amid election politics

A widely popular, bipartisan energy savings bill fell victim in the Senate on Monday to election-year politics and the Obama administration’s continued indecision on the Keystone XL oil pipeline.  More »

Officials: 2 killed at West Virginia coal mine

Officials from the federal Mine Safety and Health Administration say two workers were trapped and killed in an accident at a West Virginia coal mine.  More »

Ukraine jitters push crude oil above $100

The price of oil rose above $100 a barrel on Monday amid renewed tensions over Ukraine.  More »

Energy bill mired in Keystone XL dispute

A bipartisan bill to promote many of the same efficiency goals Obama touted Friday in California is expected to go down in defeat Monday amid a dispute over the Keystone XL oil pipeline.  More »

Proposed Nebraska power line draws opposition

One of Nebraska’s biggest utilities wants to build a 220-mile power transmission line across the Sandhills, but the project is drawing strong opposition from some environmental groups.  More »

Fed government failed to inspect higher risk oil wells

The government has failed to inspect thousands of oil and gas wells it considers potentially high risks for water contamination and other environmental damage, congressional investigators say.  More »