IEA sees China, India filling strategic reserves with cheap oil

The two nations are building emergency stockpiles with millions of barrels of crude that mirror the reserves of oil and refined products that the U.S. and its western allies amassed after the first oil crisis of 1973 to 1974.
(Photo by Eddie Seal for Bloomberg News)

Texas oil taxes crumple 40 percent during price collapse

As oil prices have fallen, hundreds of drilling rigs have been swept to the sidelines from the Permian Basin near Odessa and Midland to the Eagle Ford Shale in the south.
An oil tanker navigates the Houston Ship Channel in Houston, Texas. (Carter Smith/ Bloomberg News file photo)

Texas, North Dakota lawmakers jump into oil export fray

While Congress deliberates the wisdom of a decades-old ban on crude exports, state lawmakers in oil-flush North Dakota and Texas have moved swiftly to blast the trade restrictions.
(AP file photo)

Groups sue BLM, Interior Department over drilling in northwest New Mexico

The groups filed their lawsuit against the Bureau of Land Management and the U.S. Interior Department in federal court as a small group of activists rallied outside the State Capitol.
(RJ Sangosti/The Denver Post via Getty Images)

Moves highlight New Mexico fight on oil and gas development

San Miguel and Mora counties in New Mexico became two of the first in the country to enact bans on hydraulic fracturing.
Corn is unloaded from trucks into the grain elevator at the Mid Missouri Energy ethanol plant in Malta Bend, Missouri. (Patrick Fallon/Bloomberg)

Advanced biofuel group breaks with traditional allies on federal mandates

The makers of advanced biofuels created with algae, animal fat and non-edible plant materials on Wednesday broke with traditional corn-based ethanol producers to call for sweeping changes to the nation’s biofuels mandates.
German Chancellor Angela Merkel, left back to a camera, Ukrainian President Petro Poroshenko, second left, Belarusian President Alexander Lukashenko, second right, and Russian President Vladimir Putin, walk together to continue their peace talks in Minsk, Belarus, Wednesday, Feb. 11, 2015. Leaders of Russia, Ukraine, France and Germany are gathering for crucial talks in the hope of negotiating an end fighting between Russia-backed separatist and government forces in eastern Ukraine.  (AP Photo/Alexander Zemlianichenko)

U.S. lifts sanctions on Belarus energy company

The U.S. announced online that it was lifting sanctions against Belorusneft that were implemented in 2011 in response to the company’s announcement that it would begin work in Iran.
Derailed oil tanker train cars burn near Mount Carbon, W.Va., Monday, Feb. 16, 2015. A CSX train carrying more than 100 tankers of crude oil derailed in a snowstorm, sending a fireball into the sky and threatening the water supply of nearby residents, authorities and residents said Tuesday. (AP Photo/The Daily Mail, Marcus Constantino)

Wisconsin Democrats want oil train rules on fast track

Four fiery oil train accidents illustrate the need for a rapid phase out of “antiquated” tank cars that are prone to rupture, lawmakers say.
U.S. Senator Ed Markey, D-Mass (SAUL LOEB/AFP/Getty Images)

East Coast Democrats protest Atlantic oil drilling

Sixty-five lawmakers told the Obama administration to reconsider a plan to sell oil and gas drilling leases along the East Coast.
(David Paul Morris/Bloomberg)

Feds take comments on $5 billion natural gas pipeline

The pipeline is a joint project of Dominion, Piedmont, Duke Energy and AGL Resources.