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February 18th, 2012 at 3:14 pm

Gas prices are highest ever for this time of year (AP)

In this Feb. 16, 2012 photo, a customer fills up at an Irving Oil gas station, in Berlin, Vt. Gasoline prices have never been higher at this time of year. At $3.51 a gallon, gas is up 23 percent since Jan. 1. And experts say motorists could pay a record $4.25 a gallon by late April. (AP Photo/Toby Talbot)AP – Gasoline prices have never been higher this time of the year.


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February 18th, 2012 at 3:14 pm

Mitsui unit to pay $90 million over Gulf oil spill (Reuters)

Reuters – Mitsui & Co Ltd’s MOEX Offshore agreed with the U.S. Justice Department to pay at least $90 million to settle some of its liability in the Deepwater Horizon oil spill, the first government settlement involving the BP Plc Macondo well.

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February 18th, 2012 at 3:14 pm

Shell moves closer to Arctic drilling with spill response (Reuters)

Reuters – Royal Dutch Shell’s bid to drill in the Arctic this summer took another step forward on Friday when the U.S. Interior Department approved its oil spill response plan for the Chukchi Sea.

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February 18th, 2012 at 3:14 pm

Benchmark oil rises to highest price since January (AP)

FILE - In this Wednesday, Feb. 15, 2012 file citizen journalism image provided by the Local Coordination Committees in Syria, anti-Syrian regime activist Khaled Abu-Salah stands in front of flames and black smoke from a bombed oil pipeline, in Baba Amr neighborhood in Homs province, central Syria. Syrian troops intensively shelled rebel-held neighborhoods in the restive central city of Homs, on Friday and killed at least five people, activists said. Britain and France urged the opposition to unite and said it needs more international support to resist the deadly government crackdown. (AP Photo/Local Coordination Committees in Syria, File) THE ASSOCIATED PRESS IS UNABLE TO INDEPENDENTLY VERIFY THE AUTHENTICITY, CONTENT, LOCATION OR DATE OF THIS HANDOUT PHOTOAP – Oil on Friday climbed to the highest level this year on expectations that supplies will tighten in the spring.


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February 18th, 2012 at 3:14 pm

Weekly US oil, gas rig count up 5 to 1,994 (AP)

AP – The number of rigs actively exploring for oil and natural gas in the U.S. is up five this week to 1,994.

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February 18th, 2012 at 3:14 pm

Uganda ready for oil riches amid corruptions fears (AP)

AP – Uganda’s government has signed long-delayed licenses that would make it Africa’s newest oil-producing nation — defying court cases, legislators and growing concerns that the new riches will bring more corruption and pollution.

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February 18th, 2012 at 3:14 pm

Texas retail gasoline price up by average 6 cents (AP)

AP – Refining cutbacks due to slumping demand and global political and economic tensions are being blamed for climbing gasoline prices in Texas and nationally.

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February 18th, 2012 at 3:14 pm

CA-CANADA Summary (Reuters)

Reuters – The Conservative government hopes to present its next budget by the end of March, Finance Minister Jim Flaherty said on Friday. The government says the budget will include spending cuts designed to eliminate the deficit by the 2015-16 fiscal year.

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February 18th, 2012 at 3:14 pm

House passes Keystone bill, Senate action uncertain (Reuters)

Reuters – The House of Representatives passed an energy bill on Thursday that would wrest control of a permit for the controversial Keystone XL oil pipeline away from President Barack Obama, who has put the project on hold.

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February 18th, 2012 at 3:14 pm

Chavez: Venezuela free to sell its oil anywhere (AP)

Venezuela's President Hugo Chavez, left, talks to actor Sean Penn, of United States, who visited the presidential palace in Caracas, Venezuela, Thursday, Feb. 16, 2012. (AP Photo/Ariana Cubillos)AP – Venezuelan President Hugo Chavez said Thursday that his government is free to sell its oil to any country it wishes, although he didn’t directly answer a question about whether he is shipping fuel to Syria.


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