The light, sweet crude oil prices wavered between gains and losses on the New York market Apr. 13, settling slightly higher at nearly $53.20/bbl before the Holy Week holiday. US markets were closed Apr. 14. Brent crude for June delivery settled at nearly $55.90/bbl on the London market Apr. 13. Source: News

An oil and gas production well operated by BP Exploration Alaska Inc. in Prudhoe Bay has stopped leaking oil but continues leaking natural gas, the Alaska Department of Environmental Conservation said in an Apr. 16 statement. Source: News

Tension before a May 19 presidential election helps explain another delay in international oil and gas licensing offered under a new contract in Iran. Source: News

A federal appeals court postponed arguments in a 2015 lawsuit challenging the US Environmental Protection Agency’s then-recently imposed lower ground-level ozone limits while the agency reviews its regulations in response to a presidential executive order. Source: News

The tally of active rigs in the US gained 8 units to 847 during a week ended Apr. 13 shortened a day by the Good Friday holiday, Baker Hughes Inc. data indicated. Much of the lift was again provided by the Permian—but this time on the New Mexico portion of the basin. Source: News