US Secretary of State John Kerry leaves after a group picture of Iran nuclear talks at Austria International Centre in Vienna, Austria on July 14, 2015. Major powers clinched a historic deal aimed at ensuring Iran does not obtain the nuclear bomb, opening up Tehran's stricken economy and potentially ending decades of bad blood with the West.   AFP PHOTO / POOL / CARLOS BARRIACARLOS BARRIA/AFP/Getty Images

Nuclear deal will fuel oil export push

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The nuclear deal with Iran is expected to give oil export advocates even more leverage.
Roughnecks take a break from working the Peterson Drilling Company rig in Carlsbad, New Mexico, February 26, 2000.  (Photo by Joe Raedle)

Judge could halt oil drilling permits in Mancos Shale

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Two oil companies have drilled 150 wells since 2011 into the hard shale covering oil in the Mancos, an area made accessible through new techniques like horizontal drilling and hydraulic fracturing.
An Iranian man walks past a mural displaying the Iranian map adorned in the colours of the country's national flag, on June 29, 2015 in Tehran. Despite agreeing the outlines of a nuclear agreement on April 2, the final talks between Iran and six powers led by the United States on turning it into a binding accord have hit difficulties on reaching a deal which would lift sanctions, paving the way for foreign investment to flow back, in exchange for curbs on Iran's nuclear activities. AFP PHOTO/BEHROUZ MEHRIBEHROUZ MEHRI/AFP/Getty Images

Crude up slightly after Iran and West reach nuclear accord

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Crude prices slipped Tuesday as Iran reached a deal with six western nations to restrict its nuclear capabilities and lift international restrictions on its oil exports.
Original byline: Jim Blecha/

WPX Energy agrees to buy Permian producer for $2.35 billion

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WPX will also assume $400 million in debt, according to a statement today.
(DEwira/AFP/Getty Images)

Oil supply-demand balance could improve next year, OPEC says

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OPEC’s more optimistic outlook comes as the 12-member cartel makes good on a plan to carve out more of the global oil market as demand grows; according to the report, Saudi Arabia told OPEC it put out 230,900 more barrels a day in June
(AP Photo/Richard Drew, File)

Last week’s oil price slide featured one of the worst the single-day losses of the last decade

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The drop last Monday of 7.7 percent or $4.40 — to $52.53 from $56.93 — was the largest single day-percentage loss since February, and as the financial crisis in Greece deepened, the Chinese stock market fell and the U.S. rig count stabilized.
Plains All American Pipeline personnel and first responders work to place boom in Little Silver Creek in Illinois, after oil spilled from a pump station. Rains washed some of the estimated 4,200 gallons of spilled crude into the creek, and workers were trying to keep it from migrating into a nearby lake that serves as a source of drinking water for Highland, Ill. (Photo: Plains)

Workers cleaning oil spilled from Plains All American pump station near St. Louis

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The incident marks the second significant spill this year for Houston-based Plains, which is still trying to clean up crude from southern California beaches contaminated after more than 100,000 gallons of oil escaped a pipeline in May. A House committee is set to grill the nation’s top pipeline regulator about delayed safety mandates on Tuesday.
Jacobs Engineering has space in the Woodbranch Plaza in Houston's Energy Corridor, as well as in other areas.

Jacobs Engineering taps new external CEO

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The engineering and contracting giant, which focuses on the energy sector and more, employs about 66,000 globally, including about 2,700 in the Houston area.
The oil industry says China prohibits disclosures from oil companies on payments to the government for drilling rights. (AP Photo/Andy Wong)

China retakes top oil-buyer spot from U.S.

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China overtook the U.S. as the largest crude importer in April for the first time this year. The country bought a record 7.4 million barrels a day from overseas that month, surpassing U.S. imports of about 7.3 million.
An Iranian man walks past a mural displaying the Iranian map adorned in the colours of the country's national flag, on June 29, 2015 in Tehran. Despite agreeing the outlines of a nuclear agreement on April 2, the final talks between Iran and six powers led by the United States on turning it into a binding accord have hit difficulties on reaching a deal which would lift sanctions, paving the way for foreign investment to flow back, in exchange for curbs on Iran's nuclear activities. AFP PHOTO/BEHROUZ MEHRIBEHROUZ MEHRI/AFP/Getty Images

Commentary: Cracking Open A Window for Iran to Attain its “Economy of Resistance”

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Last May, National Iranian Oil Company (NIOC) managing director Rokneddin Javadi told International Oil Daily at a conference in Kuala Lumpur that Iran’s production would be able to pump an additional 1 million b/d within three to six months