The possibility of an El Nino, a warming of the mid-Pacific Ocean, has forecasters predicting lower temperatures across the U.S. this summer, which may mean less electricity will be needed to run air conditioners. More »
Drilling in the Eagle Ford shale has dramatically increased in 2012, as producers have frantically turned away from cheap natural gas to production from regions that yield higher priced oils and other liquids. More »
The U.S. Supreme Court on Monday rejected a final appeal of a San Francisco jury’s verdict that cleared Chevron Corp. of wrongdoing for the shootings of Nigerian villagers who occupied an offshore barge in 1998 to protest the company’s hiring and environmental policies. More »
A group of Gulf Coast shrimp processors asked a federal judge Monday to hold off on giving his preliminary approval to portions of BP’s proposed class-action settlement of economic damage claims spawned by the 2010 oil spill in the Gulf of Mexico. More »
Negotiations to halt Iran’s nuclear-enrichment program will probably fail, setting the stage for full implementation of U.S. and European Union sanctions against the nation’s oil exports, Societe Generale SA (GLE) said. More »
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