Oil prices rise after US jobless claims fall

Oil   Oil
PAMELA SAMPSON, AP Business Writer on October 12, 2012

BANGKOK (AP) — The price of oil rose Friday after a big fall in U.S. unemployment benefit claims suggested some improvement in the world's biggest economy, raising expectations for increased demand for energy.

Tags: 
Business
General news
prices
economy
Energy
EnergyGuardian is a subscription energy news service. Sign up below to apply for a free 14-day trial. If approved, you will receive an email from us to activate your account and enable access to this Web site and delivery of our enhanced morning, afternoon and breaking news alert emails.

If you have questions, please email sales@packardmedia.com.

To start your free 14-day trial, fill in the form below.

News from Around the World

Natural Gas

Natural gas pipeline bursts in Louisiana

Source: 
Reuters
A Florida Gas Transmission natural gas pipeline exploded in Washington Parish, La., Reuters reports.
Link
Renewable Energy

Cape Wind project wins $200M pledge from Denmark

Source: 
The Wall Street Journal
The planned Cape Wind offshore project in Massachusetts won a $200 million commitment from Denmark's public pension fund, The Wall Street Journal reports.
Link
Nuclear

Alexander promises Yucca vote if filibuster limited

Source: 
Roll Call
Sen. Lamar Alexander, R-Tenn., pledged to push a vote to complete the Yucca Mountain nuclear waste facility in Nevada if Senate Majority Leader Harry Reid, D-Nev., moves to limit filibusters, Roll Call reports.
Link
Coal

Army Corps: No environmental review of three coal export proposals

Source: 
E&E

The Army Corps of Engineers said it would not conduct a cumulative environmental review of three coal export terminals or consider overseas climate change impact in its reviews, E&E reports.

Link
Natural Gas

LNG companies could sue to speed export decisions

Source: 
Reuters
Legal experts say U.S. natural gas companies could file lawsuits against the Energy Department to speed decisions on liquefied natural gas exports, Reuters reports.
Link
Politics

Democrats hit GOP on renewable energy cut

Source: 
The Hill

House Appropriations Committee Democrats criticized Republicans for cutting Energy Department spending on renewable energy by 50 percent, The Hill reports.

Link
Policy

G8 communique backs new climate treaty by 2015

Source: 
Business Green

A communique released at the close of the G8 summit expresses leaders' concerns over climate change and pledges support for a new international climate change treaty in 2015, Business Green reports.

Link
Policy

Senate Energy advances forestry bill

Source: 
KTOO
The Senate Energy and Natural Resources Committee advanced a bill to open parts of Alaska's Tongass National Forest to timber development, KTOO reports.
Link
Oil

Canada boosts liability limit for oil spills

Source: 
Reuters

The Canadian government increased offshore oil producers' liability for oil spill cleanups to $979 million, Reuters reports.

Link
Policy

Shell adviser says carbon capture key to climate goals

Source: 
Bloomberg

A Shell adviser said carbon capture policies are essential to meet European Union climate goals, Bloomberg reports.

Link
  • © 2013 Packard Media Group LLC
  • All Rights Reserved