AFP - Oil prices eased on Wednesday, reversing earlier gains and a sharp spike the day before, as the market awaited the latest weekly government report on the health of American energy inventories.
AFP - World oil prices rose in Asian trade Wednesday on fresh supply concerns after key producer Venezuela indicated it could ask OPEC to cut output, dealers said.
AP - As speculation over veep choice grows, Obama plans to visit Ill. capital where campaign began ... McCain flies to Gulf of Mexico oil platform, calls on Obama to support offshore drilling ... Western states, traditionally Republican, offer possible opening for Obama ... Obama tells military veterans that McCain is wrong to question his character and patriotism ... Atlanta fundraiser tied to Abramoff scandal figure brings in more than $1.75 million for GOP
AFP - John McCain Tuesday flew to a Gulf of Mexico oil rig to demand expanded offshore drilling, but Democrats hit back by branding the White House hopeful as a puppet of profit-soaked US energy giants.
AP - Dozens of energy companies bid Tuesday to explore nearly two million acres of the western Gulf of Mexico for oil and natural gas, but no offers were made for 90 percent of the acreage on the auction block.
AP - Republican presidential candidate John McCain visited this oil platform in the Gulf of Mexico on Tuesday to call for increased offshore drilling that he claims would lower the cost of food and heating homes.
Reuters - A bomb at an Algerian military academy killed 43 people and wounded 45 on Tuesday, the interior ministry said, one of the bloodiest incidents in years in the OPEC member state.
AFP - Venezuela will propose production cuts at the next OPEC meeting in September if oil prices continue to fall, Energy and Petroleum Minister Rafael Ramirez said Tuesday.
OneWorld.net - SAN FRANCISCO, Aug 19 (New America Media) - For the first time, a big, American utility company is investing in large-scale solar energy. Pacific Gas & Electric has decided that solar is part of the answer for California's energy needs.
AFP - British oil and gas giant BG Group said Tuesday that its 12.0-billion-US-dollar (8.2-billion-euro) hostile takeover bid for Australia's Origin Energy represented "full and fair value."
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