Fuel Fix

(Photographer: Eddie Seal, Bloomberg)

Magnum Hunter shares could be de-listed, NYSE says

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A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.

Magnum Hunter shares could be de-listed, NYSE says

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(Photographer: Eddie Seal, Bloomberg)
A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.
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These are the experts drawing battle lines over oil exports

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The cast of experts weighing in on the issue includes former Obama administration officials and military veterans.
Iris Smith, right to left, Michael Smith, Sig Cornelius, Charles Reimer, Hiroshi Ozaki, Yuji Kakimi, and Dennis Bonnen break ground in November 2014 at the Freeport LNG Liquefaction Project groundbreaking ceremony. (Gary Fountain)

LNG projects still moving toward oversupply, Wood Mackenzie says

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The capacity currently being built is enough to meet the world’s LNG needs until about 2022 and will likely lead to a short-term glut when it comes online.
Categories: LNG
(David Paul Morris/Bloomberg)

Canadian court rules villagers in Ecuador can pursue class action lawsuit against Chevron

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The Supreme Court of Canada said in a unanimous decision that the company can be pursued in the country for its alleged actions in Ecuador, in a case that’s spanned more than two decades.
Categories: Legal issues

eia gas prices

Gasoline prices are at their lowest in 11 years for the week leading into Labor Day

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The report from the U.S. Energy Information Administration noted that the last time prices were these low was 2004. The price of a regular gallon of gasoline is down 95 cents from the same time in 2014.
Over thirty oil drilling rigs are idle in a Helmerich & Payne, Inc. yard along Groening Street in Odessa, Texas, as rig counts drop in the Permian Basin, Monday, May 18, 2015. (Courtney Sacco/Odessa American via AP)

U.S. producers idle 13 oil rigs

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The fall in the weekly rig count ended a six-week streak of gains and comes after oil prices began crashing again in recent weeks, pulled down by fears of an economic slowdown in China, the world’s second-largest crude buyer.
Leonardo Mendoza, of Key Energy Services, guilds a drill pipe from a well at an EnerVest oil field Tuesday, May 10, 2011, in rural Fayette County. ( Brett Coomer / Houston Chronicle )

Key Energy could lose its NYSE listing

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Key Energy Services risks losing its listing on the New York Stock Exchange if it’s unable to boost its stock price, the company disclosed Friday.
Categories: Oil field services

Commentary: China & commodities send Brazilian economy tumbling

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According to a recent Gallup survey, the most positive people in the world are in Latin America. But given recent events in global financial markets, I suspect this upbeat attitude is being severely tested. While Venezuela teeters on the precipice of social unrest amid a persistent shortage of basic goods, the Brazilian economy is giving it […]
Categories: Crude oil, Latin America
A multibillion-dollar expansion of  Dow Chemical Co's Freeport complex is one of many Gulf Coast petrochemical projects driven partly by low-priced U.S. natural gas.  (Dow Chemical Co. photo)

Taiwanese company proposes $9.4 billion chemical project in Louisiana

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Formosa Chairman Bao-Lang Chen and Louisiana Gov. Bobby Jindal jointly announced the feasibility study for the project that would produce ethylene.