ExxonMobil Corp's Pegasus pipeline, which leaked nearly 5,000 barrels of crude in Mayflower, Ark, spilled one barrel of crude oil in a residential area in Ripley County, Mo., Reuters reports.
In an interview with FuelFix, the Center for Offshore Safety Director Charlie Williams said tougher hazard analysis could be problematic for oil companies when writing safety audits required by the Bureau of Safety and Environmental Enforcement.
The Energy Information Administration said U.S. commercial crude oil stocks increased to a record high of more than 395 million barrels last week, Platts reports.
NEW YORK (AP) — The price of oil dropped more than 2 percent Wednesday, following disappointing economic news from the world's two biggest oil-consuming nations and a large increase in U.S. crude supplies.
Sustained Chinese car ownership has caused a surge in the nation's gasoline demand while government discouragement has cut demand for diesel, The Wall Street Journal reports.
China's development of its large shale deposits have been slowed on sluggish drilling, regulations and limited water resources near potential development sites, The Washington Post reports.
Sen. David Vitter, R-La., said BP will spend the first $340 million of up to $1 billion for early restoration projects in Gulf-area states, FuelFix reports.
A Chamber of Commerce study reported more than 100 new EPA rules have been forced by "sue and settle" tactics from environmental groups, The Hill reports.
The Nuclear Regulatory Commission told Charlotte-area residents that a crack at a reactor at Duke Energy's Shearon Harris Plant did not pose a threat to safety, WSOC-TV reports.
An international group of solar trade groups issued a statement calling on the European Union and the U.S. to avoid a trade war over solar panels with China, The Washington Post reports.
The European Union has sent information requests to several commodity-trading firms as part of its investigation into potential energy-price manipulation, The Wall Street Journal reports.
Royal Dutch Shell CEO Peter Voser said a European Union investigation into possible price fixing has not found anything that could damage the company, The Wall Street Journal reports.
ExxonMobil Corp. said it would refocus its research on algae-derived biofuels after it invested $100 million over the last four years with few solid results, Bloomberg reports.
The U.S. Geological Survey said water levels in aquifers declined from 2000 to 2008 at a rate nearly three times greater than any point in the last century, Reuters reports.
