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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 prices up slightly ahead of US stockpile data

TOKYO (AP) — Oil prices inched up Wednesday ahead of the release later in the day of information on U.S. stockpiles of crude and refined fuels that will be a key indicator of expected demand.

Benchmark U.S. crude for August delivery added 12 cents to close at $103.52 a barrel on the New York Mercantile Exchange.

Brent crude, a benchmark for international oils used by many U.S. refineries, added 5 cents to $108.99 on the ICE Futures exchange in London.

Investors will be closely watching the information set to be released Wednesday by the Energy Information Administration on U.S. stockpiles of crude and refined fuels.

Data for the week ending July 4 is expected to show declines of 3 million barrels in crude oil stocks and of 1 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

Oil has been falling steadily, partly because worries about the oil supply from Iraq have subsided. Oil hit a 10-month closing high of $107.26 on June 20.

Gauging demand in coming months at the world's two major economies, the U.S. and China, will be key for energy prices.

In other energy futures trading:

— Wholesale gasoline inched down 1 cent to close at $2.966 a gallon.

— Natural gas was little changed at $4.207 per 1,000 cubic feet.

— Heating oil was also virtually unchanged at $2.878 a gallon.

 

 

 

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