Fuel Fix

Who sets gas prices? Look to London, not US, report says

A woman slides her credit card to buy gasoline in San Francisco, Calif. (David Paul Morris/Bloomberg)
The government’s top energy analysts weighed into the debate on exporting crude Thursday, releasing a study asserting that the cost of gasoline inside the United States is closely tied to the price of international crudes, not domestic oil. More »
Rex Tillerson, chairman, president, and CEO of ExxonMobil Corp. ( Johnny Hanson / Houston Chronicle )

Exxon sees profit rise on refining strength

Exxon CEO Rex Tillerson said that the earnings growth was “driven by higher margins and improved operations in the downstream and chemical businesses.”  More »
AUSTRIA-OPEC-COMMODITIES-ENERGY-OIL

Brent oil set for longest run of weekly losses since ’02

Traders are split on whether Saudi Arabia will deepen the crude price cuts that propelled oil into a bear market this month.  More »
(AP Photo/Lai Seng Sin)

Shale boom redraws oil routes as Alaska ships to Korea

South Korea received this month a shipment of Alaskan oil for the first time in at least eight years and may buy more.  More »
Charif Souki, CEO of Cheniere Energy, was 2013's top-paid public company CEO in Houston and the nation. (James Nielsen / Houston Chronicle )

Cheniere’s tentative settlement could restrict stock grants through 2017

Cheniere Energy has reached a pre-settlement pact with investors that will put restraints on pay after CEO Charif Souki’s $142 million annual takehome had outpaced every other U.S. CEO’s last year.  More »
Russian Energy Minister Alexander Novak (L) shakes hands with EU Energy Commissioner Gunther Oettinger (C) as Ukraine's Energy and Coal Industry Minister Yuri Prodan (2nd R), European Commission President Jose Manuel Barosso (back C), European Commission vice-president Miros Sefkovic (3rd R), CEO of Naftogaz, Andriy Kobolev (R) and CEO of Gazprom, Alexey Miller (L) clap after signing an agreement at the European Union Commission headquarters in Brussel. Russia agreed to resume gas deliveries to Ukraine through the winter to March in a breakthrough EU-brokered deal signed by the three parties in Brussels. (AFP PHOTO/Emmanuel DunandEMMANUEL DUNAND/AFP/Getty Image)s

Ukraine, Moscow clinch deal on Russian natural gas supply

Moscow and Kiev on Thursday clinched a multi-billion dollar deal that will guarantee that Russian gas exports flow into Ukraine and beyond to the European Union throughout the winter despite their intense rivalry over the fighting in eastern Ukraine.  More »
(AP Photo/Mike Groll, File)

Fracking advocates urged to win ugly by discrediting foes

The fight over fracking in Colorado has been viewed as a bellwether for similar debates brewing from New York to Sacramento.  More »
Mexican President Enrique Pena Nieto. (Yasuyoshi Chiba/AFP/GettyImages)

Mexico Supreme Court rejects energy referendum

In identical 9-1 rulings, the court found that referendum petitions filed by two leftist parties were unconstitutional because matters involving state revenue cannot be subjected to popular vote.  More »
Yellow oil barrels

Crude falls after Fed ends asset-purchase program

Oil for December delivery dropped $1.08 to settle at $81.12 a barrel on the New York Mercantile Exchange.  More »
Kirby Corp. is best known for operating a large fleet of inland barges. (Photo: Kirby)

Kirby Corp. grows onshore with hydraulic fracturing boom

Kirby Corp., a Houston-based barge shipping company, is growing its business on shore. Since hydraulic fracturing took off, Kirby has found a growing market for its diesel engine services division. The engines power hydraulic fracturing pumps, and demand has been rising in recent years.  More »
(Daniel Acker/Bloomberg)

Average retail gas prices drop 8 cents in Texas

AAA says global oil supplies, including significantly higher oil production in the U.S., are outpacing a growth in demand.  More »
court_gavel

Superior Crude to pay $1.6M oil spill penalty

The Environmental Protection Agency and the U.S. Department of Justice say the consent decree was filed Wednesday.  More »
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