California Gov. Jerry Brown (AP Photo/Rich Pedroncelli)

Oil and gas regulator lodged complaint over work for Gov. Brown

State law prohibits elected officials from using state resources for personal purposes.
A field of dead corn sits next to the Lincolnland Agri-Energy ethanol plant July 25, 2012 in Palestine, Illinois. (Scott Olson/Getty Images)

Drop in crude oil prices could hurt companies tackling climate change

If the cost of crude remains near $50 a barrel until the end of the decade, cheaper conventional fuels would hold back the development of electric cars and biofuels that are helping curb carbon emissions, IEA said.
Fatih Birol of the International Energy Agency.  (Dave Rossman photo)

IEA: Cheap oil era could boost reliance on Middle Eastern crude

If crude prices don’t bounce back by the end of the decade, an era of cheap oil could consolidate more oil-market power into the hands of a few low-cost producers in the Middle East – raising concerns about energy security for oil-importing nations, the IEA says.
(Getty Images)

Permian Basin output growing, but other top shale plays to fall

The Permian is one of the outliers — the only other play expected to grow over the next two months is the Utica in the Appalachian region.
Workers walk near an entrance to the Exxon Mobil Corp. Torrance refinery after an explosion and fire in Los Angeles, California, U.S., on Wednesday, Feb. 18, 2015. An explosion this morning at the Exxon Mobil Corp. refinery is creating concerns that limited oil refining capacity in California could raise fuel prices. Photographer: Patrick T. Fallon/Bloomberg

Exxon Mobil’s thrifty culture keeps it out of oil-bust quagmire

It isn’t corporate voodoo that has kept Exxon Mobil above the fray of the oil and gas industry downturn.
(Spencer Platt/Getty Images)

Oil price forecasts falling as 2016 outlook darkens

Both Fitch Ratings and Raymond James said Monday they had lowered their expected oil prices through 2016.
Gasoline prices continue to fall and appear to be headed even lower as motorists prepare to hit the roads for Thanksgiving. ( Johnny Hanson / Houston Chronicle )

Gasoline prices temporarily rose after brief oil spike

The gasoline increase comes in the wake of the U.S. benchmark for oil rising from $43.20 a barrel on Oct. 28 up to $47.90 by Nov. 3.

China worries weigh on crude once more

On Lou Ferrigno’s 64th birthday, economic concerns are growing to hulk-like proportions. The theme of economic weakness has been kicked off by poor Chinese trade data out over the weekend, compounded by a downward revision to economic growth by the OECD (Organisation for Economic Cooperation). In terms of China, exports dropped by 6.9% (YoY) in October, […]
Categories: Asia, Crude oil
IHS-CERA Chairman Daniel Yergin (Houston Chronicle file photo/Ben DeSoto)

Daniel Yergin: Iranian oil will make next few quarters “tough” for oil prices

Oil tumbled more than 48 percent last year as U.S. stockpiles and production expanded, creating a global oversupply that the International Energy Agency estimates will persist until at least the middle of 2016.
In this Tuesday, Sept. 8, 2015, photo, Saudi groom Hisham Saleh Edris drives his decorated car as he arrives alone at the men's section of the wedding hall in Jiddah, Saudi Arabia. A drop in oil revenue is forcing Saudi Arabia to weigh its first cuts to welfare and investment in years. (AP Photo/Amr Nabil)

Strain of low oil prices apparent even at plush Gulf meeting

The bottoming-out of oil prices has strained budgets and relationships alike across the Gulf and other oil-producing countries.