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Tuesday, May 21, 2013 | 4:51 a.m.

Energy

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FILE – In this April 9, 2013 file photo, Energy Secretary nominee Ernest Moniz, of Massachusetts testifies on Capitol Hill in Washington. The Senate has unanimously confirmed President Barack Obama's nominee to lead the Energy Department. (AP Photo/Manuel Balce Ceneta, File)

Senate confirms physicist Moniz as energy chief

Physicist Ernest Moniz won unanimous Senate confirmation Thursday to be the nation's new energy secretary. Moniz, 68, a professor at the Massachusetts Institute of Technology, replaces Steven Chu, who served as energy secretary in President Barack Obama's first term. Moniz served as an energy undersecretary in the Clinton administration. Sen. ...

  • Updated: 4:13 p.m. Thursday, May 16, 2013

Oil reverses early losses, tops $95 a barrel

Oil followed a familiar pattern Thursday, moving higher despite some less-than-stellar economic reports. Benchmark oil for June delivery rose 86 cents to close at $95.16 per barrel on the New York Mercantile Exchange, after falling as low as $93.23. Trading Wednesday was similar, when oil finished with a gain of ...

  • Updated: 4:05 p.m. Thursday, May 16, 2013

Oil reverses early losses, tops $95 a barrel

Oil followed a familiar pattern Thursday, moving higher despite some less-than-stellar economic reports. Benchmark oil for June delivery rose 86 cents to close at $95.16per barrel on the New York Mercantile Exchange, after falling as low as $93.23. Trading Wednesday was similar, when oil finished with a gain of 9 ...

  • Updated: 3:48 p.m. Thursday, May 16, 2013
Cyprus' Finance Minister Harris Georgiades, reflected in a table, listens during an interview with the Associated Press in his office at the Financial ministry in capital Nicosia, Cyprus, Thursday, May 16, 2013. Georgiades also told the Associated Press that limits on bank transactions that were put in place last March to prevent a bank run will be fully lifted eventually, but authorities won’t act “hastily.” He said selling Cyprus’ gold reserves may not be necessary if the country finds other income to repay a 10 billion euro ($12.9 billion) rescue loan it agreed to with its euro partners and the IMF. (AP Photo/Petros Karadjias)

Cyprus may presell gas reserves to ease crisis

Cyprus may presell the country's offshore natural gas reserves to raise cash quickly and pull it out of its deep financial crisis, the country's finance minister said Thursday. Harris Georgiades said the country's nascent gas sector still has some way to go before such weighty decisions are taken. But all ...

  • Updated: 3:24 p.m. Thursday, May 16, 2013

Trump goes to court to oppose Scotland wind farm

American tycoon Donald Trump is taking legal action to challenge the Scottish government's decision to approve an offshore wind farm near his luxury golf resort. The Trump Organization said Thursday it has lodged a petition with Scotland's Court of Session. The company is asking for a judicial review of the ...

  • Updated: 1:37 p.m. Thursday, May 16, 2013

AAA: Texas retail gasoline prices up 3 cents

Retail gasoline prices in Texas have risen 3 cents this week to reach an average $3.41 per gallon. AAA Texas on Thursday also reported the national average rose by a nickel to hit $3.60 per gallon. Amarillo has the most expensive gasoline statewide this week, jumping 20 cents to reach ...

  • Updated: 12:18 p.m. Thursday, May 16, 2013

EPA taking comments on ND air pollution matter

Environmental groups say the federal government should order two coal-fired power plants in western North Dakota to use more sophisticated pollution-control technology, but state officials say the matter already has been settled and no more debate is needed. The federal Environmental Protection Agency is taking written comments through June 17 ...

  • Updated: 9:46 a.m. Thursday, May 16, 2013

EUROPE CONSIDERS EMISSION FINES FOR CHINESE AND INDIAN AIRLINES

c.2013 New York Times News Service BRUSSELS — The European Commission said Thursday that Air China and Air India were among 10 Chinese and Indian airlines facing the prospect of fines and exclusion from airports in the European Union for refusing to comply with rules aimed at regulating greenhouse emissions. ...

  • Updated: 1:43 p.m. Thursday, May 16, 2013

Oil falls below $94 a barrel amid high supplies

The price of oil slipped below $94 a barrel Thursday as traders digested discouraging economic data from the United States and Europe and U.S. oil supplies remained high. By early afternoon in Europe, benchmark oil for June delivery was down 37 cents to $93.93 a barrel in electronic trading on ...

  • Updated: 8:50 a.m. Thursday, May 16, 2013
Chinese demonstrators shout slogans during a protest against a planned refinery project in downtown Kunming in southwest China's Yunnan province, Thursday, May 16, 2013. About 2,000 demonstrators concerned about pollution took to the streets in southern China to protest plans for a planned refinery on the outskirts of Kunming. Placards and T-shirts read: "The placards read: "No to Kunming PX, (paraxylene)." (AP Photo/Aritz Parra)

Residents shout 'Protest!' over refinery in China

More than 2,000 people in southern China unfurled banners and shouted "Protest! Protest!" on Thursday to oppose plans for a petroleum refinery, in a large environmental rally that local authorities allowed to go forward in order to let the public vent frustration. The gathering in downtown Kunming — the second ...

  • Updated: 7:56 a.m. Thursday, May 16, 2013
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