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  • NYMEX-Crude edges up over $56 after 2 days of losses Wednesday, 22 Apr 2015 | 8:03 PM ET

    TOKYO, April 23- U.S. crude futures inched up on Thursday to hold above $56 a barrel after two days of losses, as renewed fighting in Yemen countered worries over rising U.S. inventories due to ample supplies and robust shale production. *It settled down 45 cents on Wednesday after the Energy Information Administration data showed that U.S. crude stockpiles rose by...

  • HOUSTON, April 22- An agreement between the United States, Iran and other world powers designed to curtail Iran's nuclear program is effective and would work if implemented, U.S. "It's a long term process with constraints coming off at various time frames as confidence improves" in Iran's nuclear intentions. A framework agreement that would curb Iran's nuclear...

  • NYMEX-Crude steady; U.S. inventories seen up again Monday, 20 Apr 2015 | 8:17 PM ET

    TOKYO, April 21- U.S. crude futures held steady on Monday as a drop in stockpiles at a key U.S. delivery point offset near record high production in Saudi Arabia and an expected build in U.S. oil inventories. *NYMEX crude for May delivery, which expires later in the day, was down 4 cents at $56.34 a barrel by 0000 GMT, after settling up 64 cents at $56.38 on Monday.

  • HOUSTON, April 20- Senator Lisa Murkowski said on Monday she will introduce legislation this year to allow U.S. crude exports, saying the Obama administration shouldn't dare lift sanctions on Iran before scrapping the U.S. crude export ban. While the final framework of the deal has yet to be determined, it appears it would let Iran export far more crude oil than at...

  • WASHINGTON, April 10- The U.S. Interior Department said on Friday it has received a plan by Royal Dutch Shell PLC to explore drilling opportunities in the Arctic. The company's plan envisions "exploration drilling in the shallow waters of the Chukchi Sea Outer Continental Shelf, off the northwest coast of Alaska." The Interior Department will now consider the...

  • NEW YORK, April 8- The immediate outlook for U.S. oil production has rarely been more important for the financial world, with traders scrutinizing every scrap of data for signs of a sustained pull-back in output. "Things were much more straightforward at $100," says Bentek Energy analysis manager Anthony Starkey, whose Colorado- based firm publishes end-of-month...

  • NEW YORK, April 8- The immediate outlook for U.S. oil production has rarely been more important for the financial world, with traders scrutinizing every scrap of data for signs of a sustained pull-back in output. "Things were much more straightforward at $100," says Bentek Energy analysis manager Anthony Starkey, whose Colorado- based firm publishes end-of-month...

  • April 7- Royal Dutch Shell Plc said it has filed a complaint in federal court in Alaska seeking an order to remove Greenpeace activists who climbed aboard an oil rig in the Pacific Ocean bound for the Arctic on Monday in a protest against Arctic drilling. "We're here to highlight that in less than 100 days Shell is going to the Arctic to drill for oil," 32- year-old...

  • LOS ANGELES, April 6- A spring storm was expected to bring several inches of rain to some areas of drought-parched California and up to two feet of snow to mountains beginning late on Monday, just days after Governor Jerry Brown ordered sweeping cuts in water use. Brown last week ordered residents and businesses across California to cut water use by 25 percent in...

  • WASHINGTON, April 3- The Obama administration on Friday finalized its recommendation to expand protected areas of Alaska's Arctic National Wildlife Refuge, calling on Congress to block about 12 million acres from oil and gas drilling. President Barack Obama, in a letter to House Speaker John Boehner released by the White House, stood by his administration's...

  • WASHINGTON, April 3- The Obama administration on Friday finalized its recommendation to expand protected areas of Alaska's Arctic National Wildlife Refuge, calling on Congress to block about 12 million acres from oil and gas drilling. President Barack Obama, in a letter to House Speaker John Boehner released by the White House, stood by his administration's...

  • Here's why Obama is approving Arctic drilling again Wednesday, 1 Apr 2015 | 1:55 PM ET

    WASHINGTON, April 1- For a leader who has made fighting climate change a priority, President Barack Obama's decision to approve Royal Dutch Shell's return to oil and gas exploration off Alaska was seen by many environmentalists as a contradiction. But Shell, which has already spent about $6 billion exploring the Arctic, expects to return to polar waters this...

  • With backing from Saudi Aramco and partnerships with well-known industry players including the Linde Group and Brazilian petrochemical company Braskem, Dineen hopes to break into natural gas processing with improvements that make the decades-old technology economical. Abundant domestic natural gas from the shale boom prompted plans by Royal Dutch...

  • These 'imposter' scams are no April Fools' joke Wednesday, 1 Apr 2015 | 10:57 AM ET
    IRS

    For some criminals, every day is April Fools' Day. NBC News reports.

  • WASHINGTON, March 31- The U.S. Interior Department on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell a step closer to returning to oil and gas exploration in the Arctic since it suffered mishaps in the region in 2012.. "The Arctic is an important component of the Administration's national energy strategy, and we remain...

  • WASHINGTON, March 31- The U.S. Department of the Interior on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell a step closer to returning to the Arctic since it suffered accidents in the region in 2012..

  • OTTAWA, March 30- Royal Dutch Shell will resume drilling off Alaska after suspending operations for two years in the wake of an accident, the special U.S. envoy to the Arctic said on Monday, but gave no details as to when. Shell has been moving oil rigs to Alaska as it awaits the green light from U.S. authorities. "Clearly Shell and others will resume drilling and...

  • March 27- The number of rigs drilling for oil in the United States declined by 12 this week to 813, the smallest decline since December, oil services firm Baker Hughes said in its closely watched survey on Friday. With the decline this week, the number of oil rigs has fallen for a record 16th week in a row to the lowest level since 2011, according to Baker Hughes data...

  • CHICAGO, March 19- Drought pressures will increase in California and western areas of the United States this spring even as the dry season begins, the government's Climate Prediction Center said on Thursday. Drought is forecast to persist in California, Nevada, and Oregon through June with the onset of the dry season in April. "I see nothing that would indicate...

  • NEW YORK, March 12- Raising the minimum age to purchase tobacco products to 21 or 25 years old would significantly reduce their use and tobacco-related illnesses in the United States, a study published Thursday found, suggesting that states and local authorities should consider passing such laws. Four states- Alabama, Alaska, New Jersey and Utah- have increased...