Join The Discussion

 

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.

read more >

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. 

read more >

Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

read more >

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.

read more >

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.

read more >

 

Crude oil declines despite US supply drop


The Associated Press

Crude oil declined in price Thursday after an unexpectedly large drop in U.S. stockpiles was offset by rising supplies of refined fuels.

Benchmark U.S. oil for July delivery was down 42 cents to $102.22 a barrel at 0750 GMT in electronic trading on the New York Mercantile Exchange. The contract shed 2 cents to close at $102.64 on Wednesday.

Brent crude, a benchmark for international oils, was down 25 cents to $108.16 a barrel.

The Energy Department reported Wednesday that U.S. crude supplies fell by an unexpectedly wide margin of 3.4 million barrels last week. That normally would push prices higher but supplies of diesel and other refined fuels rose and demand was weak.

A report from payrolls processor ADP that U.S. hiring slowed in May also pushed down energy prices.

In other energy futures trading on Nymex:

— Wholesale gasoline was little changed at $2.934 a gallon.

— Natural gas rose 3.6 cents to $4.676 per 1,000 cubic feet.

— Heating oil shed 0.4 cent to $2.852 a gallon.

 

 

 

 

< back

Email   email
hide
Catch
How 'bout them Cowboys?