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Monday, May 20, 2013 | 3:39 p.m.

Energy

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EUROPE CONSIDERS EMISSION FINES FOR CHINESE AND INDIAN AIRLINES

c.2013 New York Times News Service BRUSSELS — The European Commission said Thursday that Air China and Air India were among 10 Chinese and Indian airlines facing the prospect of fines and exclusion from airports in the European Union for refusing to comply with rules aimed at regulating greenhouse emissions. ...

Oil falls below $94 a barrel amid high supplies

The price of oil slipped below $94 a barrel Thursday as traders digested discouraging economic data from the United States and Europe and U.S. oil supplies remained high. By early afternoon in Europe, benchmark oil for June delivery was down 37 cents to $93.93 a barrel in electronic trading on ...

Chinese demonstrators shout slogans during a protest against a planned refinery project in downtown Kunming in southwest China's Yunnan province, Thursday, May 16, 2013. About 2,000 demonstrators concerned about pollution took to the streets in southern China to protest plans for a planned refinery on the outskirts of Kunming. Placards and T-shirts read: "The placards read: "No to Kunming PX, (paraxylene)." (AP Photo/Aritz Parra)

Residents shout 'Protest!' over refinery in China

More than 2,000 people in southern China unfurled banners and shouted "Protest! Protest!" on Thursday to oppose plans for a petroleum refinery, in a large environmental rally that local authorities allowed to go forward in order to let the public vent frustration. The gathering in downtown Kunming — the second ...

Business Highlights

___ Google unveils $10-a-month 'All Access' music plan SAN FRANCISCO (AP) — Google on Wednesday launched a subscription-based music service, allowing users of Android phones and tablets to listen to their favorite songs and artists for a monthly fee. The streaming service, called All Access, is available in the U.S. ...

Oil back above $94 a barrel after early loss

The price of oil rose back above $94 Wednesday after dropping earlier on disappointing economic reports from Europe and the U.S. Benchmark oil for June delivery was up 9 cents to finish at $94.30 a barrel on the New York Mercantile Exchange. It fell as low as $92.13 in the ...

Oil back above $94 a barrel after early loss

The price of oil rose back above $94 Wednesday after dropping earlier on disappointing economic reports from Europe and the U.S. Benchmark oil for June delivery was up 9 cents to finish at $94.30 a barrel on the New York Mercantile Exchange. It fell as low as $92.13 in the ...

In this picture taken May 9, 2013, Argentina's Economy Minister Hernan Lorenzino, right, and Deputy Economy Minister Axel Kicillof explain to lawmakers a proposed law that aims to get Argentines to pull their undeclared U.S. dollars from under their mattresses and out of illegal tax havens, in Buenos Aires, Argentina. The plan to get Argentines to deposit their previously unreported American greenbacks into the local banking system is eliciting strong warnings that it will turn the country into a magnet for money launderers and organized crime. The government of President Cristina Fernandez dismisses those concerns, saying the proposal to accept these dollars without charging taxes or asking whether they were obtained legally is needed to finance the key construction and energy industries, which have stalled due to inflationary pressures and currency controls. (AP Photo/Fernando Sturla,Telam)

Amnesty for undeclared dollars divides Argentina

A plan to get Argentines to pull their undeclared U.S. dollars from under their mattresses and out of illegal tax havens, and deposit them in the banking system is eliciting warnings that it will turn the country into a magnet for money launderers and organized crime. The government of President ...

Drilling firms: White River plan stifles growth

The oil and gas industry said land closures and increased regulations being considered for White River National Forest would make drilling uncompetitive by limiting the ability of companies to expand use of existing wells and shutting off other opportunities. The complaints were filed in response to a U.S. Forest Service ...

FILE- The head office of Statoil in Stavanger, Norway, in this file photo dated Jan. 18, 2013.  The headquarters of Statoil in Stavanger were raided by anti-trust authorities on Tuesday May 14, 2013, investigating alleged price-fixing by oil companies including BP, Shell and Statoil.  A Commission launched by European anti-trust authorities to investigate concerns that oil companies "may have colluded in reporting distorted prices",  the commission said in a statement after unannounced inspections on Tuesday. (AP Photo / Kent Skibstad, NTB scanpix, File) NORWAY OUT

A look at EU investigation of oil price fixing

The European Union's executive arm, the Commission, on Tuesday said it had raided the offices of a number of oil industry companies for possible price-fixing. Here are some questions and answers on the investigation. — Which companies were raided and why? The EU Commission did not say which companies it ...

Oil falls below $93 on Europe, US economic news

The price of oil fell below $93 on Wednesday after disappointing economic reports from Europe and the U.S. By late morning in New York, benchmark oil for June delivery was down $1.78 to $92.41 a barrel. That marks five straight days of declines after oil rose above $96 last week. ...

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