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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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American Airlines' first 787 Dreamliner arrives at D/FW

American is preparing the plane to begin service sometime in the second quarter.

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Oil stays above $102 per barrel on Ukraine unrest

The Associated Press

Oil declined Wednesday but stayed above $102 per barrel amid unrest in eastern Ukraine and the possibility of lower U.S. production.

Benchmark U.S. crude oil for May delivery was down 44 cents to $102.12 at 0910 GMT in electronic trading on the New York Mercantile Exchange. The contract gained $2.12 to $102.56 on Tuesday.

Brent crude, used to set prices for international oil varieties, shed 26 cents to $107.37 on the ICE exchange in London.

Traders are uneasy about possible disruption of supplies due to conflict in eastern Ukraine and possible European sanctions on Russia.

Pro-Russian separatists have seized government buildings in several cities in Ukraine's east in the aftermath of Russia's annexation of Crimea.

Also this week, the U.S. Energy Department lowered its 2014 crude production forecast to 8.37 million barrels a day from 8.39 million barrels.

In other energy futures trading in New York:

— Wholesale gasoline shed 0.2 cent to $2.978 a gallon.

— Natural gas fell 1.1 cents to $4.523 per 1,000 cubic feet.

— Heating oil slipped 0.2 cent to $2.932 a gallon.

 

 

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