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Natural gas becomes haven in gold plunge

Natural gas, the worst-performing and most volatile commodity of the past decade amid a glut in supply, is replacing gold as a haven for commodity investors as the metal slumps.  More »

N.Y. Senate fracking backer tied to firm with gas lease

Senator Tom Libous, a champion of fracking in the New York Legislature, is blocking a bill that would delay drilling for natural gas for at least two years. Passage of the measure would harm the prospects of a real-estate company founded by Libous’s wife and run by a business partner and campaign donor.  More »

Transocean profit climbs as demand rises for rigs

Net income climbed to $321 million.  More »

Exxon starting development of $4 billion Gulf of Mexico field

Exxon Mobil Corp. (XOM), the largest U.S. oil company, said it will invest more than $4 billion in the development of its Julia oil field in the Gulf of Mexico.  More »

Crude supplies climb from 82-year high in analyst survey

U.S. crude inventories probably rose from a 82-year high as domestic output remained near the most in two decades and demand fell, a Bloomberg survey showed.  More »

Keystone pipeline nemesis leads charge from her family minivan

Jane Kleeb takes her Honda Odyssey across the highways and back roads of Nebraska to deliver a simple message: the oil pipeline can be stopped.  More »

U.S. lowers forecast for summer 2013 gasoline prices

The Energy Information Administration lowered its forecast for summer 2013 gasoline prices.  More »

EOG rises after earnings beat analysts’ estimates

First-quarter net income rose 53 percent to $494.7 million.  More »

King coal losing crown as U.S. gains energy independence

After working 37 years in the coal mines of West Virginia, Ronny Justice punctuates his sentences with coughs. He lost his job a year ago, leaving him without health insurance just as he’s battling the early stages of black-lung disease.  More »

First Solar seeks 5.5 gigawatts of sales to fill pipeline

First Solar Inc. (FSLR), the largest U.S. solar manufacturer by shipments, said it’s pursuing as much as 5.5 gigawatts of prospective sales, mainly in the Americas, after its pipeline of orders was unchanged in the first quarter.  More »

Anadarko income falls after year-earlier tax settlement

Net income fell to $460 million from $2.16 billion a year earlier.  More »

Inergy to buy gas processor Crestwood for $1.25 billion

Inergy Midstream LP, the pipeline partnership that began trading publicly 18 months ago, agreed to buy Crestwood Midstream Partners LP for $1.25 billion in stock and cash, adding natural gas processing capabilities as it seeks to capitalize on rising U.S. output of the fuel.  More »

Statoil says higher petroleum tax risks harming investments

Statoil ASA (STL) said the government’s unexpected move to raise taxes on oil companies risks harming investments and casts doubt over the long-term predictability of the framework for offshore production.  More »

Opinion: The oil and gold booms are over

The wreckage caused by China’s great, juddering slowdown continues to spread far beyond the country’s shores. Although most commodities enjoyed a bounce on May 3, after better-than-expected U.S. employment data, the plunge in their prices over the past few months suggests the past decade’s rally is truly broken.  More »

Occidental’s Irani out as investors end 3-decade rule

The vote against Ray Irani forces him to resign his board seat.  More »