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Oil could fall again if U.S. crude clutters storage, IEA says

The International Energy Agency says stable oil prices in recent weeks could be a mirage, as the market hasn’t finished shedding a global glut in crude supplies.  More »

Texas Petro Index falls as oil and gas activity continues to suffer

Every economic indicator measured by the index fell in January, the report indicated.  More »

OPEC official says oil market to return to balance later this year

OPEC Secretary-General Abdalla El-Badri also urged OPEC nations to diversify their economies, many of which rely mostly on oil revenue.  More »

Railroads work to recover from derailments as group calls for oil train ban

Canadian National Railway Co. is building a 1,500-foot long track to bypass a burning train that derailed Saturday in northern Ontario, while BNSF Railway Co. crews were working Sunday to reopen track in rural Illinois after a train carrying oil derailed three days ago.  More »

Train carrying crude oil derails in Canada

The derailment involved 10 train cars — some of which caught fire and entered the Mattagami River System, police said  More »

Oil sector loses jobs in February

About 1,100 oil and gas workers lost their jobs in February, as low crude prices spurred energy companies to lay down rigs and lay off employees.  More »

Continued cold finally boosts natural gas

Natural gas in working storage fell by 228 billion cubic feet to a total of 1.71 trillion cubic feet in the week ending Feb. 27, according to U.S. Energy Information Administration data.  More »

Volatile Bakken crude expected to keep flowing through Texas

AUSTIN – Despite falling oil prices, production cutbacks and persistent safety concerns, rail officials plan to continue shipping millions of gallons of volatile crude oil from the Bakken region of North Dakota through Texas, according to updated records provided by state officials on Wednesday. Average weekly volumes reflect little change from a first batch of […]  More »

Nabors cuts more than 3,400 jobs

Via Collin Eaton, FuelFix: HOUSTON – Nabors Industries  has cut 12 percent of its 29,000-employee workforce as oil producers continue to send U.S. land rigs to the sidelines, the drilling contractor’s CEO said Tuesday. That includes a 10-percent cut from its sales staff and a 20-percent reduction in its U.S. drilling workforce, or about 3,480 […]  More »

Don’t suffer from “analysis paralysis” when making your next career move

That question, “now what?”, is a scary thing, because it implies uncertainty, and for some that implies failure.  More »

Texas grid can handle the heat, operator says

Texas power plants should be able to meet spring and summer electricity demand, the state’s grid operator said Monday.  More »

Guest commentary: dealing with low energy prices

Many Texans have seen this movie before, and some of us have seen it several times. Until the commodity cycle turns, as it always does, refocus on the basic blocking and tackling of running a business. Take protective measures to guard against avoidable losses.  More »

Climate Skepticism: Today’s Witch Hunt and McCarthyism

Although the Salem witch trials took place in the 1690s, witch hunts are still used as a tactic of social persecution and a means to censure and demonize those who do not conform to the climate orthodoxy. From Salem to McCarthyism to today’s increasingly strident attacks on so called “climate skeptics,” witch -hunts are a […]  More »

Dynegy scraps California sales

On Tuesday, the company reported a net loss of $104 million in the fourth quarter of 2014. It had a $91 million loss during the same period a year ago.  More »

A victim of the industry downturn asks for advice

This week I answer a reader email from someone who has unfortunately been caught up in the industry’s reaction to plunging oil prices.  More »
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