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(ALEXANDER KLEIN/AFP/Getty Images

OPEC pumps most crude in three years

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Oil prices have rallied about 10 percent in the past month as drilling cutbacks in the U.S. and reduced energy investment globally suggest the surplus in world oil markets will eventually dissipate.
An aerial view of the Cameron LNG terminal in Hackberry, La. Sempra Energy is the majority owner of Cameron LNG. (Photo: Cameron LNG)

85 gas projects dying on the vine as LNG’s promise falls short

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Consulting firm IHS Inc. says only one in every 20 projects planned are actually necessary by 2025 as weakening Asia economies, cheap coal, the return of nuclear power in Japan and the ever-expanding glut of shale supply in North America temper demand for the power-plant fuel, putting tens of billions of dollars worth of export projects at risk.
drill rig

HRG Group to sell Louisiana, Texas gas assets

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HRG’s properties in the sale include drilling rights across about 90,000 acres (36,000 hectares) and produce about 34 million cubic feet a day.
NEW YORK, NY - AUGUST 25:  Traders work on the floor of the New York Stock Exchange (NYSE) on August 25, 2015 in New York City. Following a day of steep drops in global markets, the Dow Jones industrial average rallied over 300 points in morning trading.  (Photo by Spencer Platt/Getty Images)

Oil investors gain over $70 billion in best week since 2008

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Oil has rebounded this week with the U.S. benchmark going past $50 for the first time since July as output from the world’s biggest consumer drops and Shell and Pacific Investment Management Co. said the worst may be over.
NEW YORK, NY - AUGUST 25:  Traders work on the floor of the New York Stock Exchange (NYSE) on August 25, 2015 in New York City. Following a day of steep drops in global markets, the Dow Jones industrial average rallied over 300 points in morning trading.  (Photo by Spencer Platt/Getty Images)

Crude climbs above $50 for first time in months

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Oil has traded below $50 a barrel after prices slumped to a six-year low in August amid speculation a global glut will persist through next year.
In this Tuesday, Sept. 8, 2015, photo, Saudi groom Hisham Saleh Edris drives his decorated car as he arrives alone at the men's section of the wedding hall in Jiddah, Saudi Arabia. A drop in oil revenue is forcing Saudi Arabia to weigh its first cuts to welfare and investment in years. (AP Photo/Amr Nabil)

Wealth funds from Oslo to Riyadh raid coffers to offset oil drop

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The halving of oil to less than $50 a barrel has the potential to alter one of the most powerful economic and political forces of the past half century: the rise of the petrostate.
The new Libyan flag flutters outside an oil refinery in Zawiya on September 23, 2011.  (LEON NEAL/AFP/Getty Images)

Libya’s oil export capacity rises as Zueitina Port reopens

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Zueitina began Thursday loading 600,000 barrels of crude on the Sea Faith tanker. The shipment, bound for Italy, is the first since May
(AP file photo/Hasan Jamali)

Saudi Arabia said to order spending curbs amid oil price slump

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With income from oil accounting for about 90 percent of revenue in the Arab world’s largest economy, a drop of more than 40 percent in crude prices in the past 12 months has put pressure on the nation’s finances.
Current, as GE calls the new business, will increase annual sales to about $5 billion in five years from its start at $1 billion. (AP Photo/Tony Dejak, file)

GE splits lighting business to form LED unit

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CEO Jeff Immelt is focusing on building up the manufacturing units, which make products ranging from jet engines to oi field equipment, and shrinking the GE Capital lending arm.
Categories: Electricity
Midstream companies including Kinder Morgan, which operates this processing facility in Galena Park, are taking a hit in the stock market as oil prices fall. (Chronicle photo)

Kinder Morgan project faces delay

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Planned expansions of Kinder Morgan pipelines that would supply gas to a proposed LNG export terminal in Georgia may be delayed by one month as the company awaits government approval for the projects.