WASHINGTON (AP) — The House passed legislation Wednesday that would exempt the trading of derivatives from federal oversight if it occurs outside the United States.
Panelists at a California energy forum said Saudi Arabia would continue to play a role in oil prices despite expanded U.S. production, FuelFix reports.
BANGKOK (AP) — Oil prices rose Wednesday as energy traders distanced themselves from the debate over whether the U.S. central bank might begin to scale back its monetary policy.
LANSING, Mich. (AP) — The worst may be over for drivers in the upper Midwest who have been grappling with the highest gasoline prices in the continental U.S.
NEW YORK (AP) — Oil prices dropped Tuesday along with stocks and other commodities on concerns that central banks around the globe may back off on measures to boost the global economy.
BANGKOK (AP) — Oil prices edged down Tuesday after a credit-rating upgrade of U.S. government debt led investors to speculate that the U.S. central bank might consider scaling back its aggressive monetary policies.
With the exception of Chevron Corp. and few others, energy stocks were among the worst performers on the S&P 500 Index in Monday trading, MarketWatch reports.
A Platts executive said the European Commission's investigation into potential oil price manipulation needs clearer goals and more transparency, Bloomberg reports.
The Senate Energy and Natural Resources Committee approved a bill that would alter the sale of helium from the Federal Helium Reserve, Roll Call reports.
A number of environmental and health groups filed a lawsuit against the Environmental Protection Agency to force a review of the agency's smog pollution standards, The Hill reports.
Amendments to the House version of a five-year farm bill up for debate would require farmers to follow conservation guidelines to qualify for crop insurance subsidies, E&E reports.
The Nuclear Regulatory Commission proposed charging the Tennessee Valley Authority a $70,000 fine for quality violations at the Watts Bar Nuclear Plant, The Associated Press reports.
Ash Grove Cement Co., based in Kansas, agreed to pay a $2.5 million penalty and invest $30 million in air pollution controls to settle EPA air pollution allegations, The Associated Press reports.
Friends of the Earth aired a television advertisement criticizing Sen. Lindsey Graham, R-S.C., for supporting the Savannah River MOX facility in his state, The Associated Press reports.
Canadian investment bank Peters & Co. said the United States will need to import crude from Canadian oil sands as the current surge in shale oil will be too expensive to keep up, Bloomberg reports.
