The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Oil prices mixed as traders await new inventory info

International Brent crude rose slightly Tuesday after reaching an 11-year low on Monday.
(Ty Wright/Bloomberg)

National gasoline average dips down to $1.99 a gallon

The move comes just in time for a busy holiday driving season with so many people hitting the road to spend time with family and friends. This is the lowest gas prices have dropped since March 2009.
An oil tanker navigates the Houston Ship Channel in Houston, Texas. (Carter Smith/ Bloomberg News file photo)

Congressional vote, Obama’s signature end oil export ban

President Barack Obama’s signature on a sweeping spending bill immediately lifted a 40-year ban on exports of U.S. crude.
Thad Hill

Renewables, natural gas to grow after Paris climate and budget agreements

Calpine, the owner of the nation’s largest fleet of gas power plants, walks a fine line in supporting the Paris talks and the federal Clean Power Plan to reduce emissions at power plants, while also opposing the five-year extensions of wind and solar tax credits in the federal budget approved Friday by Congress. Hill supports a carbon tax, but in a “level playing field” without tax credits.
Students attend a job fair in Illinois--the only state besides Texas to record a significant rise in unemployment from October to November. (AP Photo)

Houston’s unemployment rate climbs to 4.9 percent amid energy slump

Houston’s unemployment rate rose a tenth of a percentage point to 4.9 percent in November.
Categories: General
U.S. Electricity Output Rose 6.2% From A Year Earlier

State regulators approve new power line serving Houston area

The commission signed off on the need for the $600 million Houston Import Project and a route adjusted slightly to address concerns in communities through which it will run.
A pipeline sign marks  the main U.S. oil pipeline and storage hub at Cushing, Oklahoma. (Bloomberg photo)

U.S. crude inventory build sends oil prices down

The U.S. Energy Information Administration said domestic oil tanks last week took in an additional 4.8 million barrels of crude, boosting inventories to 490.7 million barrels. That’s the largest amount of oil the nation has had in reserve since a record-setting supply bulge in April.
Charif Souki, former CEO of Cheniere Energy speaks during an interview. (James Nielsen/Houston Chronicle)

Ousted Cheniere CEO says he is staying on board of directors

Charif Souki said he intends to stay on Cheniere Energy Inc.’s board of directors for the time being and that the company doesn’t have the authority to remove him until at least June.
U.S. regulators expect their review of the proposed Halliburton-Baker Hughes merger to last into the new year.  (AP Photo)

Chances for Halliburton-Baker Hughes deal down to a “coin flip,” analyst says

The pair of Houston-based oil field services giants said they have been unable to resolve the Justice Department’s concerns over the deal by today’s deadline.
An oil tanker navigates the Houston Ship Channel in Houston, Texas. (Carter Smith/ Bloomberg News file photo)

Lifting crude export ban is “stocking full of soot” for refiners

Congress may be close to reaching an overall budget deal that would include lifting the exports, which would equate to an early Christmas present for exploration and production companies seeking more buyers for their oil and also a “stocking full of soot for the refiners,” Wells Fargo Securities said in a new report.