World oil prices were slightly lower in Asian trade on Monday after fresh unrest in Africa’s biggest crude producer, Nigeria.
New York’s main oil futures contract, light sweet crude for June delivery, was 13 cents lower at 116.19 dollars per barrel.
The benchmark contract rallied 3.80 dollars to close at 116.32 dollars on Friday at the New [...]

Oil prices hit a record high $117 a barrel Friday as jitters over Nigerian oil supplies outweighed a rally in the dollar and fears of an economic slowdown in giant energy consumer China.
U.S. light crude settled up $1.83 at $116.96 a barrel, before hitting a record $117. London Brent crude gained $1.49 to $113.92.
Oil prices [...]

BP Plc and Rio Tinto Plc formed a joint venture, Hydrogen Energy, to develop technology for producing power from coal, oil and natural gas without emitting the gases blamed for global warming.
Rio will pay $32 million to BP to form the equally owned venture, which includes two planned BP hydrogen-fuel projects in Scotland and California [...]

China aims to produce 193 million tonnes of oil and 92 billion cubic metres of natural gas by 2010, according to an energy blueprint released by the National Development and Reform Commission (NDRC) on April 10.
While the target represents a mere 5% growth in oil output compared to last year, or 2.12% in annual growth, [...]

The FTSE 100 index edged lower by mid-session on Friday after hitting a new six-year closing high in the previous session, as mining and oil stocks were weighed down by weaker commodity prices.
Oil stocks led the FTSE 100 losing sector with crude prices easing below $58 a barrel as some investors focussed on forecasts [...]

Congressmen Nick Lampson and Ralph Hall confirmed that the Research Partnership to Secure Energy for America or RPSEA has finalized and signed a 10-year, $375 million contract to manage research and development of new technology for natural gas and oil exploration and production.
RPSEA has been negotiating this contract with the U.S. Department of Energy since [...]

Energy ministers from the U.S., China, India, Japan and South Korea are gathering in Beijing Saturday for a meeting aimed at boosting China’s influence over key energy markets while alleviating worries over its huge and growing appetite for oil.
The talks, hosted by China’s top economic planner, Ma Kai, are part of a broad diplomatic offensive [...]

Crude oil tumbled for a second day on forecasts that warm U.S. weather will curb demand from the world’s largest energy consumer and bolster inventories that are already above average.
Higher-than-usual temperatures are expected in most of the U.S. from Nov. 7 until Nov. 13, the National Weather Service reported. U.S. crude inventories, already 12 percent [...]

Last winter, Idaho lawmakers banned new coal-fired power plants for two years. But the law does not prevent cities, like Idaho Falls, from buying coal power from across the Utah border.
Many officials in this mid-sized eastern Idaho city are pushing voters to say yes to a ballot question that would authorize [...]

Despite the date on the calendar, autumn weather still hasn’t arrived in Galveston County, and that means more high electric bills.
There are some things you can do, however, to lower your energy bills year-round.
Alan Smith of Bayou Vista is a retired homebuilder and has picked up some tricks to save money on his energy bills.
You [...]