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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 rise after China growth ticks higher 


The Associated Press

Oil prices rose Wednesday after China reported a slight improvement in economic growth for the second quarter that allayed fears its slowdown was continuing.

Benchmark U.S. crude for August delivery was up 62 cents at $100.58 a barrel at 0720 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 95 cents to $99.96 on Tuesday.

Prices have fallen in recent weeks as Libya neared an increase in production and after worries about supply disruptions from Iraq faded. But stronger economic growth in China, the world's top oil importer, could increase its demand for crude.

China's growth rose to 7.5 percent in the April-June quarter from 7.4 percent in the first quarter, suggesting that the government's mini-stimulus measures had a positive effect.

Brent crude, a benchmark for international oils, gained 41 cents to $107.29 on the ICE exchange in London.

In other Nymex trading:

— Wholesale gasoline added 1.2 cents to $2.88 a gallon.

— Natural gas gained 0.5 cent to $4.102 per 1,000 cubic feet.

— Heating oil rose 0.5 cent to $2.874 a gallon.

 

 

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