Fuel Fix

Continental Resources announces even deeper 2015 cuts

(AP PhotoKevin Cederstrom)
Oklahoma City-based Continental Resources continues to cut its 2015 budget in response to falling oil prices. More »
(Photo by Mark Wilson/Getty Images)

Energy industry spent more than $721 million on 2014 elections

The split in spending was nearly 80-to-20 in favor of Republican candidates and groups over Democrats.  More »
(Photo by Alex van Herwijnen, Flickr)

Alstom to pay $772 million to settle bribery charges

U.S. authorities allege Alstom had a “widespread scheme involving tens of millions of dollars in bribes” paid to officials worldwide in countries including Indonesia, Saudi Arabia, Egypt, the Bahamas and Taiwan.  More »
Petrobras CEO Maria Silva Foster (AP Photo/Roosewelt Pinheiro, Agencia Brasil)

Ex Petrobras manager says she spoke with CEO about anomalies

President Dilma Rousseff on Monday sharply defended the chief executive officer of the Brazil’s state-run oil company despite allegations she was told years ago about some of the irregularities that are ballooning into the nation’s biggest corruption scheme yet.  More »

(AP Photo/Charlie Riedel)

Natural gas prices fall as weather stays mild

Natural gas is a commonly used heating fuel and often takes wide swings along with extreme temperatures.  More »
(AP Photo/Scanpix, Statoil)

Statoil makes small North Sea oil discovery

The new well is about 15 miles southwest of the Osberg South field, and is the eighth exploration well in this production license.  More »
(AP Photo/Richard Drew, File)

Oil crash wipes $11.7 billion from buyout firms’ holdings

More than a dozen firms have lost a combined $11.7 billion in 27 publicly traded oil producers since June, when crude prices reached this year’s peak before beginning their six-month slide.  More »

Crude extends fourth weekly decline amid supply glut

Oil has slumped about 21 percent since OPEC decided against cutting its production target last month, prompting a plunge in the value of currencies from the Russian ruble to the Norwegian krone.  More »
(AP Photo/Charles Rex Arbogast, File)

Oil patch towns looking to catch up with demands

Williston Mayor Howard Klug says his city needs to “spend some big dollars out there” because it is four years behind on projects.  More »
(AP Photo/Mikhail Metzel)

Rosneft’s acquisition of Morgan Stanley oil unit scuttled

The deal received U.S. antitrust approval in June, but Rosneft said Monday that regulator objections held up the deal.  More »

How low can gasoline go?

Collectively, drivers are saving an average of $315 million in fuel costs daily due to the price declines.  More »
(AP File Photo/Hussein Malla)

Libya oil output drops as fighting spreads to third oil port

National Oil Corp. already this month declared force majeure at two export terminals, Es Sider and Ras Lanuf, after an attempt by Islamist militias to capture them.  More »

Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Ibrahim Naimi leaves the hall during the opening day of the 10th Arab energy Conference in Abu Dhabi, United Arab Emirates, Sunday, Dec. 21, 2014. (AP Photo/Kamran Jebreili)

Saudi oil chief: No conspiracy behind oil prices

Saudi Arabia’s oil chief on Sunday dismissed allegations that his kingdom conspired to bring down oil prices in order to harm other countries and told a summit of Arab energy leaders that he was confident the market would stabilize.  More »
On Dec. 17, 2014, New York environmental conservation commissioner Joseph Martens, right, explains the department's findings on hydraulic fracturing during a cabinet meeting at the Capitol in Albany, N.Y. At left is acting health commissioner Dr. Howard Zucker.  (AP Photo/Tim Roske)

NY farmers lament lost opportunity for gas riches

While environmental groups are doing a victory dance over New York’s decision to ban fracking, farmers such as apple grower David Johnson are grieving for dashed hopes and dreams.  More »
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