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US rig count down 7 to 1,762

Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. dropped by seven this week to 1,762. Full story

Yemen's main oil pipeline attacked, pumping stopped

SANAA (Reuters) - Attackers blew up Yemen's main oil export pipeline on Friday, halting the flow of crude, the government and industry sources said. Full story

Oil patch county paces NM population growth

The Census Bureau reports that Lea County, in the heart of southeastern New Mexico's bustling oil patch, was the fastest growing in the state last year but two-thirds of the counties lost population. Full story

Amid signs of turmoil, S Sudan says oil will flow

Following a lengthy Cabinet meeting, South Sudan's government spokesman said Wednesday that the country will continue to export oil through Sudan and that there had been only a temporary slowdown in production. Full story

Latest Utah oil and gas leases net BLM $140,000

The latest round of oil and gas lease sales in Utah netted the federal government nearly $140,000. Full story

Memorial Day menu: Surf and turf

   If you haven’t yet settled on a menu for your family’s Memorial Day gathering, surf and turf could be the perfect pick. Chef Michael Lomonaco shows his take on the crowd-pleasing favorite, cooking up sea scallops and rib steak.

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Articles

NM sees oil production jump 46 percent

BP to invest $2.85 billion in Iraq's largest oilfield

Obama opposes GOP bill on Keystone XL oil pipeline

Study: Most shipwrecks a minor US pollution threat

Alaska unveils plan to assess gas, oil in ANWR

Politics, bribery charges swirl around Ugandan oil

Turkish PM says no decision yet on further Iran oil import cuts

US rig count is unchanged at 1,769

AP Moller-Maersk posts Q1 profit

Jindal, Wolverine Terminals announce $30M project

Video

  Cook up a spring feast of scallops, ramps, asparagus

Chef Eric Gabrynowicz shares a unique technique for searing scallops as he whips up a fresh spring meal of diver scallops with blue potatoes, asparagus and ramp vinaigrette.

  TODAY’s Melting Pot: Cook up a Portuguese feast

Chef Rui Correia demonstrates how you can cook up a delicious Portuguese dish he remembers his grandmother making: pork panados (breaded and fried pork medallions) with watercress and tomato salad.

  Oil Story Creating 'Middle Class Prosperity': Perry

The Department of Energy reports that U.S. oil output is at its highest level in 21 years. Mark Perry, University of Michigan and "The Kudlow Report" crew discuss. "Everything about this [energy] story is so good, it's creating middle class prosperity,...

  Dollar Sends Commodities Plunging

The rising greenback is send gold and oil deep into the red, report CNBC's Sharon Epperson.

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Ki-Seok, CEO and President of Samsung Company, shakes hands with President of YPFB  Villegas during the third International Congress of Oil and Gas in Santa Cruz
Ki-Seok, CEO and President of Samsung Company, shakes hands with President of YPFB Villegas during the third International Congress of Oil and Gas in Santa Cruz

Ki-Seok Park , Chief Executive Officer and President of Samsung Company, shakes hands with President of Bolivian state company YPFB Carlos Villegas during the third International Congress of Oil and Gas sponsored by the Bolivia's state company YPFB in Santa Cruz, May 24, 2013. According to local me

Buddhist devotees light oil lamps at Gangaramaya temple on Vesak day in Colombo
Buddhist devotees light oil lamps at Gangaramaya temple on Vesak day in Colombo

Buddhist devotees light oil lamps at Gangaramaya temple on Vesak day in Colombo May 24, 2013. Vesak day, which is celebrated on May 24 and 25 in Sri Lanka, commemorates the birth, enlightenment and death of Buddha. REUTERS/Dinuka Liyanawatte (SRI LANKA - Tags: RELIGION SOCIETY)

Chambriard, director of the ANP oil agency, attends a news conference in Rio de Janeiro
Chambriard, director of the ANP oil agency, attends a news conference in Rio de Janeiro

Magda Chambriard, director of the ANP oil agency, attends a news conference in Rio de Janeiro May 23, 2013. Brazil's Libra prospect in the subsalt area that will be auctioned in the second half of October has between 26 billion and 42 billion barrels of in-place oil, Chambriard said on Thursday. R

Chambriard, director of the ANP oil agency, speaks during a news conference in Rio de Janeiro
Chambriard, director of the ANP oil agency, speaks during a news conference in Rio de Janeiro

Magda Chambriard, director of the ANP oil agency, speaks during a news conference in Rio de Janeiro May 23, 2013. Brazil's Libra prospect in the subsalt area that will be auctioned in the second half of October has between 26 billion and 42 billion barrels of in-place oil, Chambriard said on Thurs