(AP Photo/Hussein Malla)

Oil rises to highest this year amid Libyan, Iraqi disruptions

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West Texas Intermediate oil for March delivery rose 75 cents from Friday’s settlement to $53.53 a barrel on the New York Mercantile Exchange.
T. Boone Pickens (Photo: Associated Press)

T. Boone Pickens’ energy holdings lost nearly half of their value in fourth quarter

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Oil’s more than 51 percent decline since June 20 has eroded profits and forced major producers and drillers to cut more than $40 billion in spending and fire 50,000 workers.
MEXICAN ARMY GUARDS PEMEX INSTALATIONS AND REFINERIES

To combat fuel theft, Pemex reduces gasoline and diesel pipeline shipments

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Pemex reported 3,600 illegal fuel taps on pipelines last year, a 66 percent increase from the 2,167 a year earlier, costing the company an estimated $792 million.
(Photographer: Eddie Seal, Bloomberg)

Baker Hughes, Midland driller to cut 150 more Texas jobs

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Baker Hughes and a driller in the Permian Basin added to the growing roster of laid-off Texas oil field workers Tuesday, announcing they plan to cut 150 jobs combined.
A fire burns Monday, Feb. 16, 2015, after a train derailment near Charleston, W.Va. (AP Photo/John Raby)

West Virginia oil train derailment: Fires for hours, smoke

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Emergency crews and environmental officials are responding to a train derailment in West Virginia that sent at least one tanker containing crude oil into a river and also caused a nearby house to catch fire.
Crews dig up land at a saltwater spill site near Blacktail Creek outside Williston, N.D. A North Dakota health official called the 70,000 barrel spill the state's largest during the state's current oil boom. (AP Photo/Williston Herald, Zack Nelson)

Saltwater spill contained on-site at North Dakota oil well

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Murex Petroleum Corp. reported that 500 barrels of saltwater were contained and recovered on site.
Photo:  blog.lafitness.com

Think all Millenials are entitled? Meet these two

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You know the story: “kids these days, they are SOOOO lazy. All they want to do is tweet and overshare; if they’d actually do some real work they’d get somewhere and they could stop complaining about how the world is so cruel to them!”.
(AP file photo/Hasan Jamali)

Saudi-Dow Chemical moving forward on $20 billion plant

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Saudi Arabia, the world’s largest crude exporter, started the petrochemical project in 2011 when oil averaged $111 a barrel.
(credit: Flickr)

Energy execs say their projects are budget busters

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Most energy industry executives say their projects fail to come in on-budget, according to a new survey by consulting firm AlixPartners.
Oil Barrel

Brent trades near two-month high

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Brent crude futures were little changed in London, paring an earlier increase of as much as 1.7 percent.