Gasoline prices falling again on crude plunge
After 40 days of climbing, gasoline prices have started falling again as crude continues to tumble, offsetting seasonal increases in fuel prices.
View ArticleConocoPhillps slashes spending plans for coming years
The largest independent producer of oil and gas had been signalling plans to spend an average of $16 billion per year, but earlier this year, the company whittled its 2015 capital expenditure budget by...
View ArticleU.S. households to save $700 this year on gasoline
Oil companies may be taking a beating amid a global crude collapse, but U.S. drivers are saving big on gasoline, pocketing enough cash at the pump this year to buy a robot vacuum, a cheap refrigerator...
View ArticleShale boom to start busting as U.S. output set to fall
The shale oil bonanza that made millionaires from Texas to North Dakota is slowing down for the first time in years, a sign that painful industry cutbacks are starting to have an impact.
View ArticleOil prices retreat after OPEC reports 810,000-barrel boost in March
OPEC predicted output from U.S. oil fields would stall out and eventually fall later this year as producers park hundreds of drilling rigs.
View ArticleCabot’s profits slip 62 percent amid lower oil prices
The Houston-based company said it offset plunging prices by ramping up output in the first quarter.
View ArticleDespite dramatic drop in rigs, Bakken’s sweet spots remain attractive
The Bakken has seen a dramatic decline in horizontal rigs since prices collapsed last year, but the play's sweet spots remain attractive, especially as oil prices begin to inch upward, a new analysis...
View ArticleEnding oil export ban could help little guys, too, small businesses tell...
Large oil producers have dominated the campaign for crude exports so far, but on Wednesday, the spotlight was on small businesses who want those overseas oil sales.
View ArticleOil prices retake lost ground after markets cool on Greece crisis, Iran deal
Oil prices edged up early Tuesday as financial markets cooled down from Monday’s frantic selloff in anticipation of a Greek debt default and as Iran and the West delayed a nuclear pact by a week.
View ArticleOil sinks as shale resilient, Iran deal deadline nears
U.S. crude fell sharply Monday amid signs that booming American shale plays aren’t yielding much output to the oil slump and as Iran comes closer to clinching a deal that could put its oil back into...
View ArticleNuclear deal will fuel oil export push
The nuclear deal with Iran is expected to give oil export advocates even more leverage.
View ArticleStrategic Petroleum Reserve shouldn’t be used to fill federal coffers,...
Congress should not use the nation's emergency oil stockpile as an ATM, with sales of the crude funding unrelated legislative priorities, Sen. Lisa Murkowski said as she toured one of the Louisiana...
View ArticleStabilizing markets overnight give way to a midweek crude move higher
After last week’s EIA inventory report yielded a lower refining/higher imports-sponsored build to crude stocks, last night’s 7.3 million barrel drop from the API report is indicating we should see a...
View ArticleCommentary: Crude swept along with the improving mood in global markets
To celebrate Pee Wee Herman’s 63rd birthday, markets are having their own big adventure today. Overnight equity markets have been racing higher, catching up with yesterday’s effervescent rally in the...
View ArticleGovernment report: Gasoline prices won’t climb if U.S. exports its oil
The EIA analysis also throws some cold water on the entire pro-export crusade, suggesting that widely selling U.S. crude abroad would do little to boost either domestic oil prices or production.
View ArticleOil export vote brings political risk for some lawmakers
Newly released surveys highlight the potential political perils for two vulnerable Republican senators -- Mark Kirk and Pat Toomey -- who are trying to hold on to their seats in elections next year.
View ArticleSenate panel advances oil exports in near party-line vote, signalling trouble...
Although the Senate banking committee voted 13-9 to approve an oil exports bill, the panel debate on the measure illustrated hardening partisan division over the possible trade policy change.
View ArticleMoniz: Strategic Petroleum Reserve is too valuable to sell its stockpiles
Forty years after the U.S. created an emergency crude stockpile, it needs modernization to swiftly respond to oil supply disruptions, Energy Secretary Ernest Moniz told senators.
View ArticleOil industry wins big victory as House OKs crude exports
The House vote to authorize crude exports is a big win for oil producers eager to sell their bounty around the world. But the proposal's real test is in the narrowly divided Senate.
View ArticleExpert says Oklahoma earthquakes easing over last 3 months
While the overall number of earthquakes skyrockets in Oklahoma, the new director of the state Geological Survey says there has been a modest decline over the last three months.
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