Natural gas futures surged by 10 cents to finish at $2.53 per 1,000 cubic feet. Analysts say investors are betting that prices have dropped about as far as they’ll go, and they’ll eventually rebound. More »
U.S. District Judge Lee Rosenthal set an April 11 hearing on a dispute between the U.S. Chemical Safety and Hazard Investigation Board and Transocean over whether the board has jurisdiction to subpoena documents related to the Deepwater Horizon disaster. More »
CVR Energy Inc., the oil-refining company that was taken public in 2007 by Goldman Sachs Group Inc., should put itself up for sale to gain benfits from higher gasoline prices, billionaire investor Carl Icahn said. More »
Midsize oil producers with solid track records in the Eagle Ford Shale will find it easier to borrow money, an expert said Monday at a series of seminars sponsored by the Texas Alliance of Energy Producers. More »
Gov. Sean Parnell’s goal of nearly doubling the flow of oil through the trans-Alaska pipeline could be achieved over the next 10 to 15 years — but not without major fiscal and policy changes, a consultant said.
Iran might respond to sanctions with low-level provocation such as slowing shipping through the Strait of Hormuz, keeping oil prices at “their currently high level,” according to three Standard & Poor’s reports. More »
Chevron Corp. (CVX)’s Kazakh oil venture plans to spend $5 billion to $6 billion in the next five years drilling at Tengiz, the Central Asian country’s biggest producing field,to sustain output. More »
Falling prices for lithium-ion batteries will make power-storage systems competitive with natural gas as a source of electricity during periods of high demand by 2016, according to the chief executive officer of A123 Systems Inc. More »
Congressional Republicans will move to get legislation approving the Keystone XL pipeline through the House and Senate by using surface-transportation bills that both chambers are taking up this week. The House version of the transportation bill also contains provisions expanding oil-and-gas drilling. More »
Environmental activists are staging a 24-hour campaign to send 500,000 messages to senators urging them to oppose legislation approving the Keystone XL pipeline that could come up for a vote in the Senate this week. More »
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