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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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Fort Worth's mayor looking for new chief of staff

Jason Lamers is leaving the city after 14 years to join Burlington Northern Santa Fe.

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Oil above $92 as US cold snap continues


The Associated Press

The price of oil rose slightly Thursday as expectations of greater use of heating oil during extreme cold weather in North America offset signs of weak demand for gasoline.

Benchmark U.S. oil for February delivery was up 30 cents to $92.63 a barrel at 0830 GMT in electronic trading on the New York Mercantile Exchange.

The contract fell $1.34 to $92.33 on Wednesday after the U.S. Energy Department said supplies of gasoline rose by 6.2 million barrels last week, a jump of nearly 3 percent. Platts, the energy information arm of McGraw-Hill, said the data indicated that demand for gasoline was the lowest in a year.

Prices recovered a bit Thursday as the record-breaking cold affecting the northern U.S. boosted demand for heating oil.

Brent crude, used to set prices for international varieties of crude, was up 36 cents to $107.54 on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline was up 1.2 cents at $2.668 a gallon.

— Natural gas fell 5.4 cents to $4.162 per 1,000 cubic feet.

— Heating oil was up 1.2 cents to $2.961 a gallon.

 

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