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U.S. Manufacturers Expanded In June

July 1, 2014 10:57 am | by PAUL WISEMAN, AP Economics Writer | Comments

U.S. manufacturing grew in June for the 13th straight month. But the pace of the expansion slowed from May.                                       

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Texas & North Dakota Lead In Crude Production

July 1, 2014 10:46 am | by U.S. Energy Information Administration | Comments

U.S. crude production in April 2014 was 8.4 million barrels per day (bbl/d), with two states, Texas and North Dakota, accounting for nearly half of this total.                          

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Oil Gains As China Manufacturing Improves

July 1, 2014 10:33 am | by Associated Press | Comments

The price of oil rose Tuesday on expectations for stronger demand following an improvement in manufacturing activity in China, the world's biggest oil importer.                              

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Supreme Court To Hear Natural Gas Price-Fixing Claims

July 1, 2014 10:31 am | by Associated Press | Comments

The U.S. Supreme Court will consider whether a group of energy companies can be sued under state antitrust laws for illegally manipulating natural gas prices more than a decade ago during California's energy crisis.                         

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Fracking Study Finds New Wells Leak More

July 1, 2014 10:28 am | by SETH BORENSTEIN, AP Science Writer | Comments

In Pennsylvania's gas drilling boom, newer and unconventional wells leak far more often than older and traditional ones, according to a study of state inspection reports for 41,000 wells.                             

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Leaking Oil Pipeline Burns, Evacuates Thousands

July 1, 2014 10:23 am | by Associated Press | Comments

A leaking oil pipeline caught fire in the northeastern Chinese port city of Dalian, forcing the evacuation of nearly 20,000 residents, according to a government oil company.                              

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The economic reports this week were mixed with several reports coming in weaker than expected.

2014 Comprehensive Economic Profile Of American Chemistry

June 30, 2014 3:07 pm | by American Chemistry Council | Comments

The American Chemistry Council (ACC) issued its 2014 edition of the Guide to the Business of Chemistry, a detailed economic profile of the chemistry industry and its contributions to the U.S. and world economies.                           

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ConAgra Completes Oregon Expansion

June 30, 2014 12:12 pm | by Associated Press | Comments

ConAgra Foods Inc. has completed a $200 million expansion of its Lamb Weston frozen potato plant in Boardman, Oregon.                                    

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Judge Lets State Intervene In Pebble Case

June 30, 2014 12:06 pm | by Associated Press | Comments

Alaska is now party to a lawsuit against the U.S. Environmental Protection Agency over its involvement with the proposed Pebble Mine.                                      

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Supreme Court Won't Hear Fuel Standard Dispute

June 30, 2014 12:02 pm | by Associated Press | Comments

The Supreme Court won't hear a challenge to California's first-in-the-nation mandate requiring fuel producers to reduce greenhouse gas emissions.                          

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Scientists Discover New Chemical Aid For Drug Manufacturing

June 30, 2014 11:57 am | by University of London | Comments

Chemists at Queen Mary University of London have discovered a new chemical to aid drug manufacturing processes, making it more environmentally-friendly and easier to scale up for industry.                 

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PPG Industries Buying Comex For $2.3B

June 30, 2014 11:40 am | by Associated Press | Comments

Paint and coatings maker PPG Industries is buying Consorcio Comex SA de CV for $2.3 billion to help bolster its architectural coatings presence in Mexico and Central America.                           

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Devon Energy Sells Assets For $2.3B

June 30, 2014 11:37 am | by Associated Press | Comments

Oil and gas exploration company Devon Energy Corp. is selling some U.S. oil and gas properties to Linn Energy LLC for $2.3 billion.                                

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Court Rules For Fracking Bans In New York

June 30, 2014 11:15 am | by MICHAEL HILL, Associated Press | Comments

New York's top court handed a victory to opponents of hydraulic fracturing for natural gas Monday by affirming the right of municipalities to ban the practice within their borders.                          

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BP plans to create a separate, more competitive business to manage its onshore oil and gas assets, including its shale operations, in the 48 contiguous U.S. states.

BP Seeks Restitution For Overpayments

June 30, 2014 11:02 am | by KEVIN McGILL, Associated Press | Comments

BP wants a federal judge to order restitution — plus interest — of what it says are hundreds of millions of dollars in overpayments to some businesses that claimed losses due to the 2010 Gulf oil spill.                      

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