Business - Energy & Oil Industry

PARIS (AFP) - Demand for oil is surprisingly strong as China and the United States lead global economic recovery, but rising oil prices and mysteries in the data could derail the trend, the IEA said on Thursday. Full Story »

CHEYENNE, Wyo. - A huge increase in the application fee for oil and gas companies to drill on federal land is unfair and won't speed up review of drilling permits, industry officials said Wednesday. Full Story »

Rising oil prices could imperil a modest increase in crude demand and the recovery of the global economy, the International Energy Agency said Thursday as it raised its outlook for oil demand this year. Full Story »

WASHINGTON - A group of women from Alaska's North Slope and the Canadian Arctic are in Washington this week to lobby the Obama administration and members of Congress about oil and gas development in Alaska. Full Story »

DALLAS - Independent oil and gas company Pioneer Southwest Energy Partners LP on Wednesday priced a public offering of 2.7 million common units representing limited partner interests at $20.74 per unit. Full Story »

NEW YORK - A Connecticut businessman was sentenced to a year and a day in prison Tuesday for conspiring with others to corrupt the oil privatization process in Azerbaijan. Full Story »

CAIRO - OPEC on Wednesday cautioned that a sustained increase in oil prices above their current level could erode crude demand next year amid a shaky global economic recovery. Full Story »

NEW YORK - Atmos Energy Corp. on Tuesday posted a fourth-quarter loss of $16 million, citing a plunge in natural gas consumption and prices that cut deeply into revenue this year. Full Story »

NEW YORK - The government said Tuesday that oil prices should average about $77 a barrel this winter, 10 percent more than its estimates issued just last month. Full Story »

TULSA, Okla. - Williams Cos. Inc. says a 26.4-mile-long natural gas transmission pipeline in Colorado is now in use. Full Story »

HARRISBURG, Pa. - Pennsylvania will open nearly 32,000 acres of additional state forest land to leasing by gas drilling companies, the state Department of Conservation and Natural Resources said. Full Story »