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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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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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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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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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Oil price eases following Russia sanctions 


The Associated Press

BEIJING (AP) — The price of oil fell back below $101 on Wednesday as investors shrugged off the impact of new sanctions on Russia for its role in the Ukraine crisis.

Benchmark U.S. crude for June delivery shed 82 cents to $100.46 per barrel on the New York Mercantile Exchange after climbing to $101.28 in the previous session.

Brent crude, an international benchmark used to price oil used by many U.S. refineries, shed 28 cents to $108.70 in London.

New sanctions by Washington and the European Union on a group of Russian officials, executives and companies turned out not to be as severe as feared, with no public companies or major sectors of the economies affected.

Investors were looking ahead to U.S. job data due out Wednesday from payroll processing company ADP and the government's unemployment report on Friday.

In other energy futures trading on Nymex:

— Wholesale gasoline declined 6 cents to $3 per gallon.

— Heating oil added one cent to $2.96 a gallon.

— Natural gas shed one cent to $4.82 per 1,000 cubic feet.

 

 

 

 

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