Oil Prices

The Legislature had already received more than $1 billion in capital requests from communities and organizations. Of those, only health and public safety projects will get priority consideration.

It’s not a pipeline, but a project announced Thursday will get North Slope natural gas to Fairbanks.

Seward Highway Crash Leaves 1 Dead, 14 Injured; Shell Gets Conditional Drilling Approval; Congressional Deal Allows FAA Employees to Return from Furlough; Alaska Hit Hard by Debt Ceiling Agreement; and more...

Thursday morning, the Obama Administration announced it was releasing 30 million barrels of crude oil from the Strategic Petroleum Reserve, and the price of crude on the futures market went down $5 a barrel.