Opening the Arctic National Wildlife Refuge in Alaska to oil and gas production would increase U.S. crude oil production by an additional 780,000 barrels per day by 2027, according to a government study.
The report, prepared by the Energy Department’s Energy Information Administration for Sen. Ted Stevens, R-Alaska, says petroleum from the area would cut U.S. [...]

Brazil wants to join the Organization of Petroleum Exporting Countries to help lower global oil prices, the country’s president was quoted as saying in a leading German magazine.
Brazilian President Luiz Inacio Lula da Silva said in the interview with Der Spiegel that his country plans to exploit its massive offshore oil reserves to make itself [...]

The U.S. Energy Department laid out plans to spend up to $1.3 billion on multiple “clean” coal-fired plants designed to capture carbon emissions and store them underground. The unveiling of the project kick-starts two weeks of public comment on the proposal.
The new proposal comes after the Energy Department killed an earlier plan that would have [...]

Then U.S. Energy Department awarded $61.1 million to a multistate environmental partnership to research new ways to capture and store carbon dioxide and other greenhouse gases.
The Midwest Regional Carbon Sequestration Partnership project, working with Columbus, Ohio-based Battelle Memorial Laboratories, will test ways to store the gases in underground geological formations, and in land occupied by [...]

Oil prices hit a new record near $124 a barrel after the U.S. Energy Department said diesel and heating oil supplies unexpectedly fell last week.
Light, sweet crude for June delivery hit a new high of $123.80 on the New York Mercantile Exchange before retreating slightly to settle up $1.69 at a record $123.53 a barrel.
The [...]

Oil prices hit all-time highs above $115 a barrel Thursday with reports that oil and gasoline stocks in the United States were lower than expected and as the dollar hit record lows.
Light, sweet crude for May delivery rose as high as $115.52 a barrel in electronic trading on the New York Mercantile Exchange. It [...]

Oil prices hit an all-time high above $115 a barrel Thursday amid concerns about sagging U.S. gasoline supplies ahead of the peak demand of the Northern Hemisphere summer.
The U.S. Energy Department said Wednesday that inventories of gasoline fell 5.5 million barrels last week, a much bigger decline than forecast by analysts surveyed by Dow Jones [...]

Oil prices were steady in Asia Wednesday as traders awaited the release of a U.S. government inventory report expected to show increases in supplies of crude, gasoline and distillates.
Light, sweet crude for August delivery lost 6 cents to $67.71 a barrel in Asian electronic trading on the New York Mercantile Exchange, midmorning in Singapore. [...]

State regulators on Tuesday signed off on plans to build one of the nation’s first plants that would turn dirty coal into cleaner fuel, generating electricity while dramatically reducing smog and mercury pollution.
If built amid cornfields outside Taylorville, about 200 miles southwest of Chicago, the 630-megawatt plant would provide a lucrative boost to the state’s [...]

Crude oil fell on speculation that U.S. fuel inventories are sufficient to meet demand as temperatures decline.
Prices jumped as much as 2.8 percent in early trading because of forecasts for colder weather in most of the U.S. Inventories of crude oil, heating oil, natural gas, gasoline and diesel in the week ended Jan. 12 were [...]