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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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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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Podcasting superstar from 'Serial' coming to Fort Worth

If you hear yourself hearing a certain haunting theme in early August as you pass the Omni Fort Worth Hotel, don’t be alarmed.

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Oil down after Crimea votes to split from Ukraine 


The Associated Press

Oil prices were slightly lower Monday after Crimea's vote to split from Ukraine and join Russia.

Benchmark U.S. crude for April delivery was down 9 cents to $98.80 a barrel at 0715 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 69 cents to close at $98.89 on Friday.

Brent crude, used to set prices for international varieties of crude, was down 21 cents to $108 on the ICE exchange in London.

Residents in Crimea voted Sunday overwhelmingly in favor of the split in a referendum that the United States, European Union and others say violates the Ukrainian constitution and international law.

The U.S. and its allies in Europe are expected to announce sanctions against Russia, including visa bans and potential asset freezes, on Monday. Russia is a major oil and gas producer.

The tensions that are helping boost prices are being countered in recent weeks by worries about slowing demand from China, one of the world's top energy consumers.

In other energy futures trading on Nymex:

— Wholesale gasoline fell 0.5 cent to $2.945 a gallon.

— Heating oil dropped 1.1 cent to $2.918 a gallon.

— Natural gas added 8.6 cents to $4.515 per 1,000 cubic feet.

 

 

 

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