(Photographer: Eddie Seal, Bloomberg)

Magnum Hunter shares could be de-listed, NYSE says

A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.
eia gas prices

Gasoline prices are at their lowest in 11 years for the week leading into Labor Day

The report from the U.S. Energy Information Administration noted that the last time prices were these low was 2004. The price of a regular gallon of gasoline is down 95 cents from the same time in 2014.
Over thirty oil drilling rigs are idle in a Helmerich & Payne, Inc. yard along Groening Street in Odessa, Texas, as rig counts drop in the Permian Basin, Monday, May 18, 2015. (Courtney Sacco/Odessa American via AP)

U.S. producers idle 13 oil rigs

The fall in the weekly rig count ended a six-week streak of gains and comes after oil prices began crashing again in recent weeks, pulled down by fears of an economic slowdown in China, the world’s second-largest crude buyer.

Commentary: China & commodities send Brazilian economy tumbling

According to a recent Gallup survey, the most positive people in the world are in Latin America. But given recent events in global financial markets, I suspect this upbeat attitude is being severely tested. While Venezuela teeters on the precipice of social unrest amid a persistent shortage of basic goods, the Brazilian economy is giving it […]
A multibillion-dollar expansion of  Dow Chemical Co's Freeport complex is one of many Gulf Coast petrochemical projects driven partly by low-priced U.S. natural gas.  (Dow Chemical Co. photo)

Taiwanese company proposes $9.4 billion chemical project in Louisiana

Formosa Chairman Bao-Lang Chen and Louisiana Gov. Bobby Jindal jointly announced the feasibility study for the project that would produce ethylene.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Oil jobs keep falling

Since oil prices started falling in June 2014, some 14 percent of the country’s mining support jobs have been lost — about 62,700 in all.

Changing US oil dynamics and cheaper gasoline

‘Clack! cla-cla clack-clack clack-clack CLACK!!’ (today’s fanfare for Nonfarm Friday was played on football helmets to celebrate the start of college football season). It is the first Friday in September, which means we see official US employment data, aka nonfarm payrolls. Today’s report has showed 173,000 jobs were created in August, which was less than […]
Categories: Crude oil, Gasoline, Shale
Damage on a barge is seen as it is moored along the Kentucky shore of the Mississippi River at Columbus-Belmont State Park in Columbus, Ky., Thursday, Sept. 3, 2015. A tow, seen in the background, traveling north on the river struck the barge as it was traveling south across the river. The Mississippi River has been closed to barge traffic because the damaged barge leaked clarified slurry oil. (AP Photo/Stephen Lance Dennee)

More than 120,000 gallons of oil may have spilled into Mississippi River

COLUMBUS, Ky. (AP) — Clean up crews planned to go into the Mississippi River on Friday in Kentucky after a collision between two tow boats caused an oil spill that prompted the closure of that part of the river. The collision Wednesday evening near Columbus, Kentucky, damaged at least one barge carrying clarified slurry oil. […]
Concerned citizens fill the Seattle City Council's chambers following a rally for the need of a statewide moratorium on potentially dangerous oil-by-rail projects Friday, Feb. 21, 2014, at City Hall in Seattle. Oil trains have exploded in different regions in the U.S., causing death and property damages. (Jordan Stead, seattlepi.com)

Big cities scramble to be prepared for an oil train disaster

The production boom has made oil trains a daily fact of life in places like Philadelphia, where they roll past major hospitals, including one for children.
Oil wells in the Franja del Orinoco region of Venezuela (Houston Chronicle)

Crash could cost cities in U.S. and Canada cities $170 billion

The losses, which represent about 2 percent of combined GDP for the 35 cities studied, surpassed estimates for the impact of natural disasters such as floods and earthquakes as well as terrorist attacks, the London-based insurance market said Thursday in a report.