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The plant, which was to produce 1.6 million tons of steel using an electric-arc furnace, replacing a blast furnace at the site, will be postponed until conditions in steel and energy markets improve, Pittsburgh-based U.S. Steel said in a statement Monday.
More Houston-area energy jobs are on the chopping block next year as Dresser-Rand announced plans to shutter a North Houston support facility and lay off 72 people who work there.
How the end of the export ban plays out will depend on how much oil the U.S. produces.
International Brent crude rose slightly Tuesday after reaching an 11-year low on Monday.
Seventy-eight years after Walt Disney released the first full-length animated feature, and seven factors in today’s crude complex are dwarfing crude prices. Happy – Let’s start off with the good news: retail gasoline prices have dropped below $2/gallon on the national average. Prices have broken below the lows seen earlier in the year, and are […]
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.
U.S. Rep. Joe Barton, who sought to end the ban in each of the past few sessions of Congress, said the current industry slump of low oil prices helped seal the deal in Washington.
President Barack Obama’s signature on a sweeping spending bill immediately lifted a 40-year ban on exports of U.S. crude.
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.
This was only the third, double-digit increase in the count of oil rigs this year.