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The White House hopes the proposal will drive a debate about the need to get energy producers to help fund efforts to fight climate change.
Amarillo has the cheapest gasoline in Texas this week at an average $1.46 per gallon. Drivers in El Paso are paying the most statewide at an average $1.62 per gallon.
The move throws into question a bill that sought to reform policies across the energy sector, from hydroelectric dams to home efficiency to defense against cyber attacks on the power grid.
Pickens has sold all his oil holdings and is waiting for the best moment to get back in, he said Thursday in an interview on “Bloomberg Go.”
CEO Eldar Saetre said the company was stepping up its cost-cutting program and reining in spending.
Thirty-nine years after Fleetwood Mac’s second album was released, and ‘rumours’ of a production cut and fears of a worsening US economy are pushing and prodding the crude market around today. Commodities are also getting whipsawed around by currency moves. As the US dollar continues to weaken due to growing pessimism about the US economy, […]
The Houston-based oil and gas producer said it booked a total of $5.4 billion of after-tax charges, mostly due to cheap oil eroding the value of its assets.
ConocoPhillips, the No. 3 U.S. oil company, announced a quarterly loss on Thursday and said it is cutting its shareholder dividend by two thirds.
The Anglo-Dutch oil major’s upstream earnings fell 71 percent to $493 million, though the company said lower costs offset the plunge.
The job cuts will have brought the company’s workforce down by 20,000 since the oil-market crash began in 2014.