MR, left to right: Matt_Enders.jpg, Dustin_Harris.jpg

Photo taken with the Canon EOS 1Ds Mark II camera.

Export news little comfort for U.S. drillers drowning in crude

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U.S. oil production is also declining, meaning that the flood of oil that could have left the country’s shores is slowly drying up.
Ryan Lance, chairman and CEO of ConocoPhillips, addresses the audience during the Geopolitics of Natural Gas at Rice University, Friday, Feb. 21, 2014, in Houston. (Marie D. De Jesús/Houston Chronicle)

Big Oil among biggest winners from budget deal

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Speaker Paul Ryan, R-Wis., welcomed the tax side of the massive deal but is lowering expectations about GOP victories in the $1.1 trillion spending bill.
A worker cycles through the China Petroleum & Chemical Corp. (Sinopec) Yanshan refinery in Beijing. The world’s second-largest economy, which gets more than half of its crude from overseas, plans to build emergency reserves equivalent to 100 days of net imports by 2020, China Petrochemical Corp., the nation’s top refiner and parent company of Sinopec, said in 2009, citing the plan approved by the State Council. (Nelson Ching/Bloomberg)

Saudi to increase its refining presence in Asia

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Sixty-nine years after the birth of ABBA’s Benny Andersson, and the name of the game for the crude complex today is to navigate the tricky business of a weekly inventory report and the conclusion of the US Federal Reserve FOMC meeting. Last night’s API report has put the wobbles on expectations for today’s weekly EIA […]
Categories: Crude oil
A lineman at the Houston Ship Channel. LNG company NextDecade is hoping to build an export facility in nearby Galveston to take advantage of the shipping lane. Photo by Lou Vest.

Here’s why the U.S. will export oil for first time in decades

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The lifting of the embargo is part of a spending deal expected to be pushed through the House and Senate by the end of the week.
Inside the Honeywell's control center demo site, Experion Orion Console, Tuesday, Nov. 24, 2015, in Houston. Visitors can see the future of technologies at refineries, petrochemical plants and large industrial facilities. (Steve Gonzales/Houston Chronicle)

Honeywell sees 2016 profit rising as much as 9.8 percent on cost cuts

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Under Chief Executive Officer Dave Cote, Honeywell has closed factories, reduced its workforce and invested in new products such as refrigerants that are more environmentally friendly.
After rushing from a news conference, House Speaker Paul Ryan of Wis., waits in his ceremonial office on Capitol Hill in Washington, Thursday, Dec. 10, 2015,  for the arrival of Israeli President Reuven Rivlin. White House and congressional negotiators searched for compromise Thursday on huge tax and spending bills with a combined price tag of well over $1 trillion, with leaders hoping to clinch agreements and let Congress adjourn for the year next week. "Not everybody gets what you want when you negotiate in divided government," Ryan told journalists earlier. (AP Photo/J. Scott Applewhite)

Fiscal deal will end crude oil export ban, Ryan says

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Republican leaders predicted the package would come to a vote in the House and Senate on Thursday, allowing lawmakers to head home for the holidays having completed their needed tasks.
MOSCOW - JANUARY 28: (RUSSIA OUT) A visitor views "Revolution Perestroika? by Russian painter Erik Bulatov, estimated at GBP120,000, at an exhibition for potential buyers and art experts of Sotheby's January 28, 2007, in Moscow, Russian Federation. The auction, completely devoted to the Russian art of the XX-XXI centuries, will take in place at Southeby's in London on February 15, 2007. (Photo by Oleg Nikishin/Epsilon/Getty Images)

Russian art is latest oil casualty as auction houses pull back

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The Russian economy has been battered by a slump of more than 60 percent in the price of oil in the past two years.
David Porter, chairman of the Texas Railroad Commission, speaks Tuesday 11-10-2015 during the Executive Oil Conference at the Midland County Horseshoe Pavilion.
Tim FischerReporter-Telegram

The seven candidates vying for a seat on the Texas RRC

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The position will be left vacant after David Porter, the Republican chairman of the commission who was first elected in 2010, said last week that he would withdraw from the race for a second term.
An oil tanker navigates the Houston Ship Channel in Houston, Texas. (Carter Smith/ Bloomberg News file photo)

Lifting crude export ban is “stocking full of soot” for refiners

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Congress may be close to reaching an overall budget deal that would include lifting the exports, which would equate to an early Christmas present for exploration and production companies seeking more buyers for their oil and also a “stocking full of soot for the refiners,” Wells Fargo Securities said in a new report.
(Photographer: Eddie Seal, Bloomberg)

Magnum Hunter seeks bankruptcy amid oil rout

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The Irving, Texas-based company, which pumps most of its natural gas and oil from Pennsylvania’s Marcellus Shale and Ohio’s Utica Shale, said it had $6.4 million in cash and $1.1 billion in total liabilities at the end of September.