Oil drops near $92, at lowest level since May

The Energy Department reported the nation’s supply of crude oil is “well above the upper limit of the average range for this time of year.”  More »

Weatherford to pay $253M to settle bribe case

The oilfield services company Weatherford International has agreed to pay more than $250 million to settle federal charges that it bribed officials in the Middle East and Africa to win business.  More »

Study: US spewing 50% more methane than EPA says

The United States is spewing 50 percent more methane — a potent heat-trapping gas — than the federal government estimates, a new comprehensive scientific study says. Much of it is coming from just three states: Texas, Oklahoma and Kansas.  More »

Marathon agrees to fund 37.5 percent of pipeline

Marathon Petroleum Corp. has agreed to pay for more than a third of the construction cost of the proposed Sandpiper pipeline, the company and Enbridge Energy Partners LP said Monday.  More »

Nuclear waste burial debate produces odd alliances

A publicly owned power company wants to entomb waste from its nuclear plants 2,230 feet below the surface and less than a mile from Lake Huron.  More »

North Dakota tribe looks at expanded energy development

The Three Affiliated Tribes is considering expanding a planned oil refinery on the Fort Berthold Reservation before it is even built, and also building a natural gas plant.  More »

Activists to push DC fossil fuel investment ban

Environmental activists are planning a rally in support of legislation that would ban the District of Columbia from investing in companies with large reserves of fossil fuels.  More »

Deal in principle reached over Repsol’s YPF stake

Argentina’s government said Monday it has reached an agreement in principle to compensate Spain’s Repsol for last year’s 51 percent expropriation of the YPF energy company.  More »

Oil drifts above $94 ahead of US supply report

The price of oil rose slightly Tuesday ahead of a U.S. supply report that is expected to show an improvement in demand.  More »

Bill would make Vermont 1st state to drop oil stocks

To Sen. Anthony Pollina, it makes sense that if Vermont wants to strike a blow against climate change, it should have its pension funds divest from oil, coal and other fossil fuel companies.  More »

Iowans worry about ethanol’s lost political clout

For decades, presidential candidates’ chances in Iowa were wounded if not doomed unless they backed federal support for ethanol, a boon to the state’s corn-growing economy.  More »

EU climate chief says UN talks hinge on 2015 deal

After another U.N. climate conference gave only modest results, European Climate Commissioner Connie Hedegaard says the process needs to provide a “substantial answer” to global warming in two years to remain relevant.  More »