IEA Executive Director Maria van der Hoeven said the U.S. should allow crude oil exports before the oil industry moves to circumvent restrictions, Reuters reports.
The International Energy Agency said new technologies and expanded production would cause North America to lead worldwide oil supply growth over the next five years, The Wall Street Journal reports.
The International Energy Agency said China would likely expand storage sites for its strategic petroleum reserve, a move that would boost crude oil demand, Bloomberg reports.
SAN FRANCISCO (AP) — Leading oil industry groups said Thursday federal land managers are blocking new energy development and job creation by postponing all oil and gas lease auctions on prime public lands in California until October.
WASHINGTON (AP) — A bipartisan group of senators are pushing for a new round of penalties on Iran, determined to cripple the regime's economy and thwart any nuclear ambitions.
SHANGHAI (AP) — BYD is known for electric cars but this year's flagship model is the S7, a gasoline-powered SUV. It comes with an air purifier, radar to help with backing and digital TV. An onboard hard drive can hold 1,000 films.
Senate Energy and Natural Resources Chairman Ron Wyden, D-Ore., asked the Justice Department to join the European Union's probe of possible oil price manipulation, Reuters reports.
Nuclear Regulatory Commission Chairman Allison Macfarlane said the NRC can't consider a public hearing on the San Onofre nuclear plant until June, when an appeal period of an Atomic Safety and Licensing Board ruling ends.
Sens. Bob Corker, R-Tenn., and Joe Manchin, D-W.V., introduced a bill that would ensure that only domestically-made biofuels can be used to meet the Renewable Fuel Standard, The Chattanoogan reports.
A federal judge refused to reconsider a ruling that upheld the Interior Department's power to ban new hard rock mining projects on federal land, The Associated Press reports.
Tesla Motors increased the value of its stock and debt offerings 30 percent to $1.08 billion to gather reserves and pay back its Energy Department loans, Bloomberg reports.
Poland called on the European Union to end energy subsidies for fossil fuels and renewable sources and cut oil imports to better combat climate change, Bloomberg reports.
The first well reports from the Utica shale in Ohio show a significant supply of natural gas but not as much oil as some energy companies were expecting, Reuters reports.
