Delegates attend an economic conference, in Sharm el-Sheikh, Egypt, Saturday, March 14, 2015. Egypt raked in promises of more than $12 billion in investment and aid from its Gulf Arab allies on Friday, kicking off an international conference aimed at rescuing the country's gutted economy and giving a political boost to its soldier-turned-president. President Abdel-Fattah el-Sissi made his case for the world's support, depicting Egypt as vital to regional stability and a bulwark against Islamic militancy. (AP Photo/Hassan Ammar)

Businesses upbeat on Egypt’s chances at investment meeting

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Saturday’s focus shifted to the private sector, with several companies announcing agreements, including some from Germany’s Siemens AG that were the largest single package signed at the three-day conference.
Israeli Prime Minister Benjamin Netanyahu chairs a weekly cabinet meeting at his Jerusalem office in March 2015.  (AP Photo/Gali Tibbon, Pool)

Senators push oil-supply pact with Israel

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Senators want the United States to renew a longstanding pledge to supply Israel with crude if the country’s oil supplies are interrupted.
(Photo by Andrew Burton/Getty Images)

Oil could fall again if U.S. crude clutters storage, IEA says

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The International Energy Agency says stable oil prices in recent weeks could be a mirage, as the market hasn’t finished shedding a global glut in crude supplies.
baker hughes walking rig

Texas Petro Index falls as oil and gas activity continues to suffer

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Every economic indicator measured by the index fell in January, the report indicated.
Categories: General
Abdalla El-Badri, general secretary of the OPEC (Photo: Chris Ratcliffe/Bloomberg)

OPEC official says oil market to return to balance later this year

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OPEC Secretary-General Abdalla El-Badri also urged OPEC nations to diversify their economies, many of which rely mostly on oil revenue.
Smoke erupts from the scene of a train derailment Thursday, March 5, 2015, near Galena, Ill. A BNSF Railway freight train loaded with crude oil derailed. (AP Photo/Telegraph Herald, Jessica Reilly)

Railroads work to recover from derailments as group calls for oil train ban

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Canadian National Railway Co. is building a 1,500-foot long track to bypass a burning train that derailed Saturday in northern Ontario, while BNSF Railway Co. crews were working Sunday to reopen track in rural Illinois after a train carrying oil derailed three days ago.
(Rovanto/Flickr)

Train carrying crude oil derails in Canada

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The derailment involved 10 train cars — some of which caught fire and entered the Mattagami River System, police said
(Eddie Seal/Bloomberg)

Oil sector loses jobs in February

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About 1,100 oil and gas workers lost their jobs in February, as low crude prices spurred energy companies to lay down rigs and lay off employees.
A woman walks on a snow-covered street in Belgrade, Serbia, Friday, Feb. 3, 2012. Fresh heavy snow has triggered traffic chaos in Belgrade and other Serbian cities, further complicating relief efforts as Eastern Europe's harshest cold snap in decades spreads to the north of the country. (AP Photo/Darko Vojinovic)

Continued cold finally boosts natural gas

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Natural gas in working storage fell by 228 billion cubic feet to a total of 1.71 trillion cubic feet in the week ending Feb. 27, according to U.S. Energy Information Administration data.
Categories: General, Natural gas
(Rovanto/Flickr)

Volatile Bakken crude expected to keep flowing through Texas

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AUSTIN – Despite falling oil prices, production cutbacks and persistent safety concerns, rail officials plan to continue shipping millions of gallons of volatile crude oil from the Bakken region of North Dakota through Texas, according to updated records provided by state officials on Wednesday. Average weekly volumes reflect little change from a first batch of […]