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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 prices fall as market awaits US inventory data

The Associated Press

Oil prices edged lower in Asia Wednesday as market players tried to assess U.S. demand with the approach of warmer weather.

Anticipation of a buildup in U.S. crude inventories also helped send prices lower. Benchmark U.S. crude for April delivery was down 11 cents to $101.74 a barrel at 0650 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 99 cents to close Tuesday at $101.83.

Investors are waiting for a weekly fuel inventories report from the U.S. Energy Department for clues about the strength of demand. It is due later Wednesday.

An especially harsh U.S. winter this year has boosted energy demand but that impulse will fade as warmer weather starts to prevail.

The world has already grown jittery lately about a possible economic slowdown in China. The economy is still expanding at faster rates than Western nations but may be losing momentum, which would have significant effect on energy demand.

Brent crude, which is used to set prices for international varieties of crude, was down 16 cents to $109.35 on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline was almost unchanged at $2.97 per gallon.

— Heating was also little changed at $3.031 a gallon.

— Natural gas lost 13.8 cents to $4.958 per 1,000 cubic feet.

 

 

 

 

 

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