Energy
Oil ends week down 2 pct on tepid demand outlook
The price of oil fell 2 percent this week, as oil traders worried about global demand and shared the stock market's concerns about possible changes to the Federal Reserve economic stimulus program. The loss Friday was just 10 cents, to $94.15 a barrel. But four straight losses resulted in a ...
Oil ends week down 2 pct on tepid demand outlook
The price of oil fell 2 percent this week, as oil traders worried about global demand and shared the stock market's concerns about possible changes to the Federal Reserve economic stimulus program. The loss Friday was just 10 cents, to $94.15 a barrel. But four straight losses resulted in a ...
Oil falls below $94 on weak outlook for demand
The price of oil was knocked below $94 a barrel Friday by a combination of ample supplies and lukewarm demand. Benchmark oil for July delivery was down 36 cents to $93.91 a barrel in midday trading on the New York Mercantile Exchange. On Thursday, oil fell as low as $92.91 ...
Oil falls below $94 on weak outlook for demand
The price of oil was knocked below $94 a barrel Friday by a combination of ample supplies and lukewarm demand. By early afternoon in Europe, benchmark oil for July delivery was down 70 cents to $93.55 a barrel in electronic trading on the New York Mercantile Exchange. On Thursday, the ...
PCS Nitrogen to cut emissions from Geismar plant
PCS Nitrogen has agreed to reduce air emissions from phosphoric acid production at its Geismar plant. The decision came as part of a settlement in a lawsuit filed by the U.S. Environmental Protection Agency and the Louisiana Department of Environmental Quality. EPA and DEQ alleged that PCS Nitrogen Fertilizer LP ...
Low gasoline prices in Ariz. this holiday weekend
Gasoline prices at the pump this Memorial Day holiday weekend will be at their lowest level in three years around Arizona. Officials with Triple-A Arizona said Thursday that the average statewide price for unleaded regular gasoline is $3.45 a gallon. That's up by less than a penny from last week. ...
Wheat gains on overseas demand
The price of wheat rose by the most in two weeks Thursday after the U.S. government reported strong demand for the grain from overseas buyers. Wheat for delivery in July rose 14.75 cents, or 2.1 percent, to $7.0325 a bushel, its biggest advance since May 9. The U.S. Department of ...
Business Highlights
___ Why worry? Less aid by Fed would point to recovery WASHINGTON (AP) — Investors have grown nervous that the Federal Reserve will scale back its efforts to boost the U.S. economy sooner than many expected. Yet almost lost in the anxiety that gripped the stock market this week is ...
Wyden: FracFocus a 'constructive' tool on drilling
A website partially funded by the oil and gas industry could be a "constructive" tool for federal regulators as they consider requiring public disclosure of chemicals used in hydraulic fracturing operations, Senate Energy Committee Chairman Ron Wyden said Thursday. Wyden, D-Ore., stopped short of endorsing the website, FracFocus.org, but said ...
Oil leasing dispute heads to federal court
A dispute over greenhouse gases from oil and gas drilling will head to federal court in Montana as attorneys for the government and the industry face off against environmentalists who say too little is being done to reduce emissions that contribute to climate change. The legal quarrel was scheduled to ...
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