President Barack Obama gestures while giving State of the Union address before a joint session of Congress on Capitol Hill in Washington, Tuesday, Jan. 12, 2016. Vice President Joe Biden and House Speaker Paul Ryan of Wis. listen at rear. (AP Photo/Susan Walsh)

Obama to seek $10-a-barrel oil tax

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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.
(AP Photo/Stephan Savoia)

Texas, nationwide gasoline prices continue to decline

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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.
Senate Energy and Natural Resources Committee Chair Sen. Lisa Murkowski, R-Alaska, left, accompanied by, from from left, Sen. Roger Wicker, R-Miss.,  Sen. John Thune, R-S.D., Senate Majority Whip John Cornyn of Texas, and Senate Majority Leader Sen. Mitch McConnell of Ky., talks to reporters about progress on the bi-partisan energy bill, Tuesday, Feb. 2, 2016,  on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite)

Senate blocks energy bill, as debate rages around Flint

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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.
T. Boone Pickens speaks at the 2014 LNG Conference Jan. 22, 2014, in Houston.  (Eric Kayne/For the Chronicle)

T. Boone Pickens cashes out on oil, awaits time to get back in

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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.”
The head office of Statoil in Stavanger, Norway.  (AP Photo / Kent Skibstad, NTB scanpix, File)

Statoil reports larger 4th quarter loss after oil price drop

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CEO Eldar Saetre said the company was stepping up its cost-cutting program and reining in spending.
A Saudi man walks past a pump at a petrol station on December 28, 2015 in the Red Sea city of Jeddah. Saudi Arabia said it plans to review the prices of heavily-subsidised power and fuel as part of new measures introduced in the face of low oil prices.   AFP PHOTO / AMER HILABIAMER HILABI/AFP/Getty Images

Saudi crude oil exports show continued strength to US, Asia

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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, […]
Categories: Asia, Crude oil, Middle East
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(AP Photo/Kevork Djansezian, file)

Occidental posts losses of more than $5 billion

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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.
Ryan Lance, chairman and CEO of ConocoPhillips ( Marie D. De Jesús / Houston Chronicle )

ConocoPhillips CEO: Oil downturn could stretch into 2017

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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.
In this Monday, April 7, 2014 file photo, a flag bearing the company logo of Royal Dutch Shell flies outside the head office in The Hague, Netherlands. (AP Photo/Peter Dejong, File)

Shell prepares to remake itself into gas giant after BG Group deal

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The Anglo-Dutch oil major’s upstream earnings fell 71 percent to $493 million, though the company said lower costs offset the plunge.
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Weatherford to cut 6,000 jobs in first half of 2016

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The job cuts will have brought the company’s workforce down by 20,000 since the oil-market crash began in 2014.