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• UPDATE 3-Global drilling lifts Halliburton out of domestic mire

  Shares of Halliburton, the world's second-largest oilfield services company and the North American leader, rose nearly 5 percent on Friday to their highest levels for more than a year.

• UPDATE 3-U.S. natgas glut weighs down Baker Hughes profits

  Jan 23- A glut of North American natural gas is weighing heavily on both drilling activity and pricing power for Baker Hughes Inc, the world's third-largest oilfield services company, which posted a 36 percent drop in quarterly profit on Wednesday.

• UPDATE 2-Baker Hughes profit falls on N. American drilling slump

  Jan 23- Baker Hughes Inc, the world's third-largest oilfield services provider, reported a 36 percent fall in quarterly profit as both activity and pricing decreased in its main North American market. Larger rival Halliburton Co will reveal how it fared in an especially tough quarter for the industry when it posts fourth-quarter results on Friday.

• Algerian Forces Launch Operation to Break Siege

  

  Twenty-five foreign hostages escaped and six were killed on Thursday when Algerian forces launched an operation to free them at a remote desert gas plant, Algerian sources said, as one of the biggest international hostage crises in decades unfolded.

• Watch Out for Platinum Group Metals 

  

  Dominic Schnider, Head of Commodity Research, UBS Wealth Management says platinum, palladium and silver will do well this year amid loose monetary policies and a recovery in the global economy.

• UPDATE 2-Stricken Alaska oil rig refloated and ready to tow

  ANCHORAGE, Alaska, Jan 7- A recovery team has refloated a Shell oil drilling rig that ran aground last week near an Alaska island and stands ready to start towing it on Monday, weather permitting.

• Why Low 2013 Gas Prices Will Soon Evaporate

  

  Gasoline prices are up 8 cents in the past two weeks and will likely continue climbing through April. Experts say the 2013 national average will likely top out at about $3.95 a gallon.

• Drifting Shell Drilling Rig Grounds on Rocks Off Alaska

  

  An oil drilling rig owned by Royal Dutch Shell ran aground in Alaska after drifting in stormy weather, highlighting the serious risks of working in an offshore region where some in the industry see huge potential.

• UPDATE 3-Drifting Shell drilling rig grounds on rocks off Alaska

  ANCHORAGE, Alaska, Jan 1- An oil drilling rig owned by Royal Dutch Shell Plc ran aground in Alaska after drifting in stormy weather, highlighting the serious risks of working in an offshore region where some in the industry see huge potential.

• Natural Gas Ticks Higher After Storage Report

  

  Natural gas futures traded slightly higher following the release of its weekly storage report from the U.S. Energy Department.

• FACTBOX-History of major U.S. energy accidents

  NEW YORK, Nov 16- A fire at an offshore oil platform run by Black Elk Energy Offshore Operations LLC on Friday, which injured at least four people, is the latest accident to hit the U.S. energy industry.

• Why Shell Is Making a Big Bet on Natural Gas

  

  With natural gas trading near a one-year high, Royal Dutch Shell, one of the world's largest integrated oil and gas companies, is making a big bet on the future of the cleanest of all fossil fuels.

• US to Overtake Saudi as Largest Oil Producer

  

  A transformation in our oil and gas production is leading to a sea change that will put the U.S. at the head of the line in global oil production by the end of the decade.

• What Super Storm? Gasoline Prices Fall

  

  The national average for retail gasoline fell slightly below $3.50 a gallon Friday for the first time since March 6, according to OPIS and AAA.

• US Gasoline Futures Higher as Storm Approaches East Coast

  

  Gasoline futures continued to trade higher in the electronic session Thursday as the latest track of Hurricane Sandy looked headed straight for the heart of the East Coast refining industry.

• Plunging Oil Prices Are Big Boost for US Drivers

  

  Oil prices have plunged near a three-month low amid poor growth prospects, but U.S. drivers may be the biggest winners of the recent selloff.

• Have US Sanctions on Iran Worked?  

  

  John Kingston, Global Director Of News, Platts says that U.S. sanctions on Iran have worked far better than most people think.

• Natural Gas Plunges Amid Ample Supply

  

  The natural gas market didn't attract buying after nearing a 10-month high this morning, and futures fell sharply through some key support levels.

• Why Are Gasoline Prices Suddenly Falling?

  

  A dramatic spiral for gasoline prices in some key battleground states comes just three weeks before the U.S. presidential elections.

• Oil Breaks Below $90 Amid Slowing Global Demand

  WTI oil futures fell below $90 a barrel on concerns about slowing global demand amid strong U.S. production and robust supplies.