Signage stands outside the Duke Energy Corp. Gallagher Station power plant in New Albany, Indiana, U.S., on Monday, July 27, 2015. Coal reclaimed its ranking as the top fuel for generating electricity at U.S. power plants in May, beating natural gas, which took the number one spot for the first time in April. Photographer: Luke Sharrett/Bloomberg

Duke Energy puts Houston-based international business up for sale

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North Carolina-based Duke, which is the nation’s top power generator, currently runs its Central and South American power plants from Houston.
A Saudi man walks past a pump at a petrol station on December 28, 2015 in the Red Sea city of Jeddah. Saudi Arabia said it plans to review the prices of heavily-subsidised power and fuel as part of new measures introduced in the face of low oil prices.   AFP PHOTO / AMER HILABIAMER HILABI/AFP/Getty Images

Saudi crude oil exports show continued strength to US, Asia

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Thirty-nine years after Fleetwood Mac’s second album was released, and ‘rumours’ of a production cut and fears of a worsening US economy are pushing and prodding the crude market around today. Commodities are also getting whipsawed around by currency moves. As the US dollar continues to weaken due to growing pessimism about the US economy, […]
Categories: Asia, Crude oil, Middle East
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Jan. 20, 2016. U.S. stocks surged back to pare the biggest one-day selloff in five months, with the Dow Jones Industrial Average cutting a loss of 550 points by two-thirds as investors speculated the rout that's wiped more than $15 trillion from global equities has gone too far too fast. Photographer: Michael Nagle/Bloomberg

Ten things to consider in energy markets today

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Good day! Here are ten things to consider on this second day of February, 2016: 1) Punxsutawney Phil didn’t see his shadow, meaning an early start to spring. (If you are of the persuasion of taking your meteorological tips from a marmot). (I prefer the woolly worm). 2) The duplicitous nature of strong production versus […]
(Andrey Rudakov/Bloomberg)

Crude soars on report of Russia, Saudi discussions on oil cuts

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The discussions over production cuts are likely happening now because of the severe economic pain that Russia, one of the most resource-rich nations on the planet, has felt as oil prices have crashed.
Megan Sakkal fills her vehicle with gasoline at the  Shell Station in the 300 block of South Shepherd Drive Tuesday, Aug. 27, 2013, in Houston.
( James Nielsen / Houston Chronicle )

Oil’s drop makes it cheaper to fill up in Houston than Abu Dhabi

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Houston drivers haven’t paid less on average than Abu Dhabi pump prices since 2008, according to data.
Iran's President Hassan Rouhani gestures at the conclusion of his press conference, in Tehran, Iran, Sunday, Jan. 17, 2016. The implementation of a historic nuclear deal with world powers is expected to pave the way for a new economic reality in Iran, now freed from harsh international sanctions. On Sunday Rouhani presented parliament with a draft budget that plans for an economic windfall even as it reduces reliance on oil revenues. (AP Photo/Ebrahim Noroozi)

Iran signs flurry of business deals as leader visits Europe

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Some business deals are ready to be inked but others are still in negotiation as a few sanctions not related to the nuclear program remain in place, particularly by the U.S., on the trade of goods that could be used for military or intelligence purposes.
Abdalla El-Badri, OPEC secretary-general, gestures as he speaks during a news conference following the 167th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Friday, June 5, 2015. The Organization of Petroleum Exporting Countries has exceeded its own target of 30 million barrels a day for 12 straight months. Photographer: Lisi Niesner/Bloomberg *** Local Caption *** Abdalla El-Badri

OPEC’s El-Badri calls on global oil producers to help curb glut

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The head of the Organization of Petroleum Exporting Countries said he wants oil producers outside the group to assist in reducing the global oversupply, signaling once again that OPEC won’t make output cuts alone.
Saudi Aramco CEO Khalid Al-Falih said in an exclusive interview with the Houston Chronicle that hackers present major threats to oil companies. (Photo: Johnny Hanson/Houston Chronicle).

Saudi Aramco chairman defends oil giant’s possible IPO move

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Khalid al-Falih said the potential listing of the world’s largest oil producer “is not for cash” but a “sign of the times.”
Yellow oil barrels

Official: Possible Saudi IPO wouldn’t include oil reserves

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The chairman of Saudi oil giant Saudi Aramco was quoted as saying a possible initial public offering would not include the kingdom’s oil reserves.
Kurdistan needs oil revenue to mobilize its peshmerga fighters in the battle against the Islamic State. (PHOTO: AHMAD AL-RUBAYE/AFP/Getty Images)

Oil plunge imperils Iraq’s fight with Islamic State, Abadi says

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The conflict with Islamic State, which swept through swaths of northern Iraq in the summer of 2014, has destroyed economic infrastructure, disrupted trade and discouraged investment.