Gasoline Prices Spike As Crude Oil Prices Surge

The UAE energy minister refused Wednesday to discuss a proposed cap to crude oil production agreed to by four oil-producing countries the day before, raising new questions about the proposal aimed at stabilizing global prices. [ABC]

In a meeting with external experts, NATO ministers discussed global energy developments and their security implications. [NATO Press Release]

Devon Energy Corp. said Tuesday it will lay off about 1,000 employees, including 700 in Oklahoma City. [NewsOK]