Saudi Arabian Minister of Petroleum and Mineral Resources Ali Ibrahim al-Naimi. (MLADEN  ANTONOV/AFP/Getty Images)

Saudi, IEA talk impact of U.S. shale on oil price

The International Energy Agency says the U.S. will become the world’s largest oil producer by around 2020.
Categories: Middle East
An Iranian worker walks under construction facilities of a natural gas refinery in South Pars gas field, on the northern coast of Persian Gulf, in Asalouyeh, Iran. (AP Photo/Vahid Salemi)

Eyeing investment, Iran shows off its gas sites

With a six-month deal in place easing sanctions, Iran is hoping to draw international investment to the field to spur its production.

Categories: Middle East, Natural gas
(AP Photo/Matthew Brown)

Drug case highlights underside of Bakken boom

Authorities seeking to curb rising crime rates within once-quiet rural communities along the Montana-North Dakota border.
A crewman directs a pipe on a site for TransCanada's Keystone XL project in Wood County, Texas, in 2012. (Cody Duty / Houston Chronicle)

Keystone XL helps crude prices rise

Natural gas futures shot up almost 6 percent as temperatures in many parts of the Northeast dropped.
People walk in Manhattan during a snowstorm Tuesday. Along with dropping arctic temperatures the storm is expected to bring three to five inches by nightfall, with another four to six inches falling overnight.  (Photo by Spencer Platt/Getty Images)

Oil rises on outlook for higher demand

Natural gas futures rose more than 2 percent as frigid air descended on the eastern part of the U.S.
Categories: Crude oil, Natural gas

BP seeks rehearing in spill settlement dispute

BP argues that a divided three-judge panel from the 5th Circuit erred earlier this month.
Categories: Gulf oil spill
Former FBI Director Louis Freeh.  (Associated Press)

Attorneys deny improper actions in BP spill claims

Their lawyers say there is no evidence supporting a former FBI director’s contention that the attorneys acted improperly
Categories: Gulf oil spill
(Image: Fotolia)

Oil price holds near $94

The price of oil finished the week 2 percent higher.
Categories: Crude oil, Gasoline
North Dakota's U.S. Attorney Tim Purdon, right, and North Dakota Attorney General Wayne Stenehjem are shown in 2013.  The North Dakota attorney general's office is looking for a new special prosecutor who will handle nothing but drug cases in the state's oil patch. (AP Photo/The Bismarck Tribune, Tom Stromme, File)

Prosecutor sought for N. Dakota oil patch drug cases

North Dakota Attorney General Wayne Stenehjem hopes to have the position filled within two months.
U.S. District Judge Carl Barbier (Bloomberg News)

Appeals court refuses to transfer Louisiana claims

The Louisiana Attorney General’s Office accused U.S. District Judge Carl Barbier of ignoring the state’s spill-related claims.
Categories: Gulf oil spill