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Associated Press

Motorists refuel at a Mobil gas station in Pittsfield, Mass., where regular gasoline is for sale at $1.99 per gallon, Tuesday Sept. 29, 2015. (Ben Garver/The Berkshire Eagle via AP) BERKSHIRE COURIER OUT, GREAT BARRINGTON RECORD OUT, RURAL INTELLIGENCER OUT, BERKSHIRES OUT; MANDATORY CREDIT

Texas, nationwide retail gasoline prices down this week

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Texarkana has the cheapest gasoline in Texas this week at an average $1.59 per gallon. Drivers in El Paso are paying the most statewide at $1.71 per gallon.
A Libyan rebel fighter mans a checkpoint at the entrance of the oil rich port of Ras Lanuf, some 160 kms east of Sirte, on August 26, 2011. British warplanes bombed a bunker in Moamer Kadhafi's birthplace of Sirte as rebel fighters prepared to attack the town, one of the last major regime holdouts east of Tripoli. AFP PHOTO/GIANLUIGI GUERCIA (Photo credit should read GIANLUIGI GUERCIA/AFP/Getty Images)

ISIS launches another attack on a major Libyan oil terminal

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State-run National Oil Corporation’s spokesman, Mohammed al-Hariri, and Osama al-Hadairi, the spokesman for the oil facilities’ security unit, say the attack took place early Wednesday.
In this March 31, 2015 photo, the wake of a supply vessel heading towards a working platform crosses over an oil sheen drifting from the site of the former Taylor Energy oil rig in the Gulf of Mexico, off the coast of Louisiana. (AP Photo/Gerald Herbert)

Taylor Energy executive blames decade-old oil leak on “act of God”

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In September 2004, waves whipped up by Hurricane Ivan triggered an underwater mudslide, which toppled a Taylor Energy-owned platform and buried a cluster of its oil wells under mounds of sediment.
A pedestrian walks past an electronic stock board displaying an advertisement for Chinese stocks outside securities firm in Tokyo, Japan, on Thursday, Jan. 7, 2016. Japanese stocks fell for a fourth day, extending a global slide that's seen shares post their worst start to a year since 2000, after China again cut the reference rate for the yuan and trading in the world's second-biggest equity market was halted. Photographer: Tomohiro Ohsumi/Bloomberg

Global stocks routed again as oil slide seems bottomless

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Benchmark U.S. crude for March delivery was down 87 cents, or 3.1 percent, at $27.59 per barrel in electronic trading on the New York Mercantile Exchange.
Equipment is housed at National Oilwell Varco's distribution center in La Porte, Texas. (NOV)

National Oilwell Varco closing Louisiana facility

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The Louisiana Workforce Commission tells The Advocate the layoffs at the facility started Monday.
FILE - This June 12, 2014 file photo shows an oil rig and pumps in Watford City, N.D. State data shows the number of rigs drilling in North Dakota's oil patch has dropped below 60 for the first time since 2009. Fifty-nine rigs were operating in western North Dakota's oil-producing region on Monday, Jan. 4, 2016. That's down from 171 rigs on the same day one year ago due to slumping oil prices. (AP Photo/Charles Rex Arbogast, File)

North Dakota sour crude wells could stop with poor prices

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North Dakota Petroleum Council President Ron Ness said if sour crude prices were to hold at just a couple of dollars a barrel, the wells will likely be shut down until prices rebound.
This Nov. 3 file photo provided by Southern California Gas Co., shows equipment being used as SoCalGas crews and technical experts attempt to stop the flow of natural gas leaking from a storage well at the utility’s Aliso Canyon facility. (Javier Mendoza/SoCalGas via AP)

SoCalGas says huge LA gas leak to be stopped ahead of schedule

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The burn-off plan is being abandoned over fears that it could not be done safely, SoCalGas, which is owned by Sempra Energy, said in a statement.
Todd Halihan, a hydrogeology professor at Oklahoma State University, answers questions during an earthquake forum at the Capitol hosted by Rep. Richard Morrissette, D-Oklahoma City. Friday, Jan. 15, 2016, in Oklahoma City, Okla.  (Chris Landsberger/The Oklahoman via AP) LOCAL STATIONS OUT (KFOR, KOCO, KWTV, KOKH, KAUT OUT); LOCAL WEBSITES OUT; LOCAL PRINT OUT (EDMOND SUN OUT, OKLAHOMA GAZETTE OUT) TABLOIDS OUT; MANDATORY CREDIT

More quakes rattle Oklahoma, but state avoids tough measures

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The quakes, which have been mostly small to medium sized, have caused limited damage, and no one foresees anything like the massive damage and deaths in the famous quakes in California, seismologists say.
Iranian men take a selfie with a poster of Sheikh Nimr al-Nimr, a prominent opposition Saudi Shiite cleric, who was executed last week by Saudi Arabia, at the conclusion of a rally protesting his execution, in Tehran, Iran, Monday, Jan. 4, 2016. Allies of Saudi Arabia followed the kingdom's lead and began scaling back diplomatic ties to Iran on Monday after the ransacking of Saudi diplomatic missions in the Islamic Republic, violence sparked by the Saudi execution of al-Nimr. (AP Photo/Vahid Salemi)

Iran to boost oil output by 500,000 barrels

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The U.N. nuclear agency certified Saturday that Iran has met all of its commitments under last summer’s agreement, prompting the lifting of sanctions.
Phillips 66 Sweeny refinery.  (Ryan Holeywell/Houston Chronicle)

Buffett’s firm buys another 1.6 million Phillips 66 shares

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Berkshire filed documents with the Securities and Exchange Commission on Friday that disclosed purchases of another 1.6 million Phillips 66 shares.