Oil and gas activity in the U.S. Midwest and Mountain West states declined in the first quarter and is expected to continue to slow, according to a survey released on Friday by the Federal Reserve Bank of Kansas City.
Iraq has petitioned a U.S. federal court to enforce an arbitration award against Turkey related to Iraqi oil exports through a pipeline to a Turkish port, according to documents filed with the court.
Major oil companies on Wednesday accused the federal government of “flip-flopping” when it told the U.S. Supreme Court that a lawsuit filed by several Colorado municipalities seeking climate change-related damages belongs in state court.
Two groups of attorneys vying for lead roles in more than two dozen lawsuits against Norfolk Southern over last month's Ohio train derailment faced off before a federal judge on Friday, presenting competing proposals to steer the litigation - with one group emphasizing its national experience and the other touting its local roots.