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(Paul White/(AP photo)

Repsol earnings miss estimates after crude oil prices tumble

Repsol is among international oil producers to suffer from a 40 percent decline in the price of Brent crude over the past year.
A field of dead corn sits next to the Lincolnland Agri-Energy ethanol plant July 25, 2012 in Palestine, Illinois. (Scott Olson/Getty Images)

Drop in crude oil prices could hurt companies tackling climate change

If the cost of crude remains near $50 a barrel until the end of the decade, cheaper conventional fuels would hold back the development of electric cars and biofuels that are helping curb carbon emissions, IEA said.
IHS-CERA Chairman Daniel Yergin (Houston Chronicle file photo/Ben DeSoto)

Daniel Yergin: Iranian oil will make next few quarters “tough” for oil prices

Oil tumbled more than 48 percent last year as U.S. stockpiles and production expanded, creating a global oversupply that the International Energy Agency estimates will persist until at least the middle of 2016.
Ali al-Naimi, Saudi Arabia’s minister of petroleum. (Joe Klamar/AFP/Getty Images)

Saudi Minister says Asia will drive oil demand

Oil demand will soon reflect the “attractiveness” of the current level of crude prices, and Asia will be a vital engine of economic expansion for decades, Saudi Oil Minister Ali al-Naimi said.
The Maersk Developer drills an exploratory well into Statoil's Martin prospect in the Gulf of Mexico. (Jennifer A. Dlouhy / Houston Chronicle)

Maersk oil profit sank 86 percent last quarter

Maersk Line said on Nov. 4 it will cut as many as 4,000 jobs, scale back capacity and delay investments to cope with a weaker container market.
The new Libyan flag flutters outside an oil refinery in Zawiya on September 23, 2011.  (LEON NEAL/AFP/Getty Images)

East Libya seeks to grab oil contracts amid fight with rivals

Libya, with Africa’s largest oil reserves, pumped about 1.6 million barrels a day of crude before a 2011 rebellion ended Muammar Qaddafi’s 42-year rule.
(Matthew Lloyd/Bloomberg)

BP plans to start natural gas output from Egypt’s atoll in 2018

Royal Dutch Shell Plc, Europe’s biggest energy company, and BP are struggling to increase oil and gas production and add to their reserves.
An oil worker walks by an oil pump during a sandstorm in the desert oil fields of Sakhir, Bahrain

FILE - In this Thursday, Jan. 8, 2015 file photo, an oil worker walks by an oil pump during a sandstorm that blew in, in the desert oil fields of Sakhir, Bahrain. Across a Mideast fueled by oil production, low global prices have some countries running on empty and scrambling to cover shortfalls, even as more regional crude is on tap to enter the market.(AP Photo/Hasan Jamali, File)

Oil market needs another month to decide if the rebound is for real

Even with oil prices possibly past the low point, and production falling from outside of OPEC, there aren’t enough signs to say a full recovery is in the works, Kuwait’s oil minister said.

Norway oil-rig tender reveals ‘desperate’ drillers in price rout

Offshores drillers such as Transocean Ltd., Seadrill Ltd. and Fred Olsen Energy ASA have been caught in a double whammy of falling demand for their services and a glut of new rigs coming into the market.
A pump jack works beside the site of new home construction, in Midland, Texas. The West Texas town is in the middle of an oil boom with thousands of workers in need of housing. (Pat Sullivan/AP)

Trade gap in U.S. narrows on lowest oil imports in a decade

The narrowing meant trade had little impact on the economy in the third quarter, easing concern that slower global growth and a stronger dollar would cause exports to slump.