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

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 »

Commentary: New poll shows generation gap applies to energy stances

Respondents to a University of Texas at Austin poll has shown that Americans’ opinions on energy and the environment vary drastically depending on how old they are.  More »

Hess profits increase 140 percent amid asset sale

Hess Corp.’s third quarter profits increased 140 percent to $1 billion, the New York-based exploration and production company announced, as the company enjoyed the proceeds of a massive asset sale.  More »

Anadarko-affiliated partnership to pay $1.5 billion for Permian midstream company

Western Gas Partners, a partnership formed by Anadarko, will pay $1.5 billion cash for Nuevo Midstream, a Houston-based  midstream company focused on gathering, processing and moving oil and gas from the Permian Basin.  More »

Hobgoblins, Fuzzy Math, and Wishful Thinking

In a recent post on the National Journal on-line, the founder of the Stella Group asserted that it is “nonsense…that renewable energy cannot meet the world’s energy needs… and many peer-reviewed global and country studies show just the opposite”.  He went on to state “most or all of our nation’s or globe’s energy needs can […]  More »

Noble Energy sees net income double in Q3

Noble Energy said it hit a sales volume record while prices remained high, though the company missed analysts’ expected earnings per share.  More »

Goldman Sachs: Expect U.S. crude to fall to $70 next year

The decline is due to oil production growing at a faster pace than demand, leading to global oil market that’s oversupplied.  More »

Researchers find oil footprint from 2010 Gulf oil spill

New research is shedding more light on the fate of the crude that gushed out of BP’s failed Macondo well in 2010.  More »

Huntsman posts higher earnings despite Texas plant outage

The company attributed the increase to growing demand for key products, including textile dyes and chemicals and a specific kind of polyurethanes.  More »

Citgo not for sale, Venezuela says

Venezuela has ruled out selling its U.S.-based refining subsidiary Citgo Petroleum Corp, Finance minister Rodolfo Marco Torres told Caracas-based El Universal newspaper in an interview published Sunday.  More »

A lot’s changed since 1980s, but lower oil prices still cause unease

Oil prices have fallen this year, and that’s causing people in the oil capital to remember a much deeper slump 30 years ago.  More »

Blackfeet urge government to cancel energy leases

Blackfoot tribal leaders from Canada and Montana are calling on the U.S. government to cancel oil and gas leases on sacred land near Glacier National Park, as a lawsuit works its way through the federal courts.  More »

Berkshire Hathaway railroad adds surcharge on older oil tank cars

The railroad operator the first major U.S. operator using fees to encourage shippers to scrap the puncture-prone older cars.  More »

LyondellBasell profits climb 48 percent

The international chemical giant continued to capitalize on cheap raw materials cost while taking advantage of a tight U.S. market for ethylene.  More »

Contractor: Freeport LNG to break ground within weeks

Freeport LNG could break ground on its initial two liquefaction trains within a matter of weeks, a major contractor working on the project told investors Thursday.  More »
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