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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 prices up in Asia ahead of weekly US data 


The Associated Press

Oil prices gained modestly Tuesday in Asia as traders awaited weekly U.S. data on crude oil and distillates stockpiles.

Benchmark U.S. crude oil for May delivery was up 62 cents to $101.06 a barrel at 0525 GMT in electronic trading on the New York Mercantile Exchange. The contract slipped 70 cents to $100.44 on Monday following reports that four Libyan oil terminals under militia control could soon open, possibly boosting global supplies.

Brent crude, used to set prices for international varieties of oil, rose 31 cents to $106.13 on the ICE exchange in London. It fell 90 cents on Monday to $105.82.

Under a deal reached late Sunday, the Libyan militia would hand over terminals it captured and shut down last summer to demand a share in oil revenues, costing Libya billions of dollars in lost export trade.

U.S. crude oil and distillates inventories are running at or slightly below levels a year ago.

In other energy futures trading in New York:

— Wholesale gasoline rose 0.8 cent to $2.934 a gallon.

— Natural gas rose 0.4 cent to $4.48 per 1,000 cubic feet.

— Heating oil climbed 0.5 cent to $2.896 a gallon.

 

 

 

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