Mexico detains oil executive for possible fraud

Mexican authorities have detained the owner of a Mexican oil services company who allegedly defrauded Citigroup of up to $400 million and may have used his professional soccer team to launder money, a top official said Monday.  More »

Oil down as factory data, sanctions risk weighed

Oil prices edged slightly lower on Tuesday as soft factory data from China and the U.S. balanced the threat of sanctions against Russia following its annexation of the Crimean Peninsula.  More »

Houston oil company endorses Nevada’s proposed fracking rules

A Houston-based oil company has endorsed the state’s proposed rules governing hydraulic fracturing, better known as fracking. But some residents viewed the company’s endorsement as reason to wonder if the minerals division’s proposed regulations are too lax.  More »

Alaska lawmaker wants coal plant without federal regulations

A Republican senator says Alaska should ignore federal regulations and plan to build a large-scale coal-powered plant to generate electricity in the event of an energy crisis.  More »

Valero buys Indiana ethanol plant

Valero plans to begin production soon at an idled ethanol plant it has purchased at an Indiana port on the Ohio River, a spokesman said.  More »

Oil near $99 after China manufacturing drops

The price of oil fell slightly Monday following a drop in China’s manufacturing.  More »

Prosecutors ask $197M fine for CITGO in 2006 spill

LAKE CHARLES, La. — The Justice Department wants a federal judge to fine Citgo Petroleum Corp. at least $197 million in a Clean Water Act enforcement lawsuit filed in a 2006 oil spill at the company’s Lake Charles refinery. The Advocate reports the Justice Department argued in court filings this month that the legal maximum […]  More »

Oil rises above $99 amid new sanctions on Russia

The price of oil extended losses Friday as seasonal maintenance of refineries crimps U.S. demand and a stronger dollar makes the commodity more expensive.  More »

Regulators say Duke pumped coal ash into river (photos)

North Carolina regulators say Duke Energy illegally pumped 61 million gallons of contaminated water from a coal ash pit into the Cape Fear River, marking the eighth time in less than a month the nation’s largest electricity company has been cited for environmental violations.  More »

5-inch pipeline crack leaks oil in nature preserve

A 5-inch crack in a pipeline caused more than 10,000 gallons of crude oil to leak into a suburban nature preserve, officials said Thursday.  More »

25 years later, Exxon Valdez spill effects linger (photos)

Twenty five years after the Exxon Valdez spill, most of the species have recovered. But some wildlife, as well as the people who live in the region, are still struggling.  More »

North Dakota to pay for illegal oil waste cleanup

The building’s owner normally would have to pay for the cleanup but he was charged with felony larceny in an unrelated incident and hasn’t been located.  More »