Energy, manufacturing firms urge Pa. House to reject severance tax

Energy and manufacturing association officials are urging Pennsylvania’s House of Representatives to reject a tax package that includes both a severance and use tax on natural gas that the state’s Senate narrowly approved 2 weeks ago. Source: News


MARKET WATCH: Oil prices rise on lower US inventories

Crude oil prices rose modestly to settle well above $49/bbl on the New York market Aug. 9 after the US Energy Information Administration reported the nation’s crude oil inventories fell 6.5 million bbl to 1.15 billion bbl for the week ended Aug. 4. Source: News