Asia’s biggest refiner reported its first-quarter profit as rising 25 percent from a year earlier, besting rival PetroChina’s 14 percent gain by using crude from its stockpiles to keep oil costs in check. More »
A 70 percent boost in Exxon Mobil Corp.’s first-quarter earnings — along with healthy profits announced by Royal Dutch Shell and other petroleum companies – fueled new fire from Democrats eager to exploit the news amid soaring gasoline prices. More »
Some Texas City refineries and chemical plants continued to limit operations Thursday while the electric utility serving the area worked to resolve drought-related problems on transmission lines. The massive BP refinery may not have all the outside power it needs until sometime today. More »
As Valero builds new stores, it will design them to handle alternate fuels such as natural gas and E85, a mixture of 85 percent ethanol and 15 percent gasoline that it has already added at a few locations. More »
Frustration is swelling among residents and lawmakers in one of the most productive oil and natural gas basins in the nation because federal wildlife managers want endangered species protections for the dunes sagebrush lizard. More »
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