(AP Photo/Richard Drew, File)

Last week’s oil price slide featured one of the worst the single-day losses of the last decade

The drop last Monday of 7.7 percent or $4.40 — to $52.53 from $56.93 — was the largest single day-percentage loss since February, and as the financial crisis in Greece deepened, the Chinese stock market fell and the U.S. rig count stabilized.
Plains All American Pipeline personnel and first responders work to place boom in Little Silver Creek in Illinois, after oil spilled from a pump station. Rains washed some of the estimated 4,200 gallons of spilled crude into the creek, and workers were trying to keep it from migrating into a nearby lake that serves as a source of drinking water for Highland, Ill. (Photo: Plains)

Workers cleaning oil spilled from Plains All American pump station near St. Louis

The incident marks the second significant spill this year for Houston-based Plains, which is still trying to clean up crude from southern California beaches contaminated after more than 100,000 gallons of oil escaped a pipeline in May. A House committee is set to grill the nation’s top pipeline regulator about delayed safety mandates on Tuesday.
Jacobs Engineering has space in the Woodbranch Plaza in Houston's Energy Corridor, as well as in other areas.

Jacobs Engineering taps new external CEO

The engineering and contracting giant, which focuses on the energy sector and more, employs about 66,000 globally, including about 2,700 in the Houston area.
The oil industry says China prohibits disclosures from oil companies on payments to the government for drilling rights. (AP Photo/Andy Wong)

China retakes top oil-buyer spot from U.S.

China overtook the U.S. as the largest crude importer in April for the first time this year. The country bought a record 7.4 million barrels a day from overseas that month, surpassing U.S. imports of about 7.3 million.
An Iranian man walks past a mural displaying the Iranian map adorned in the colours of the country's national flag, on June 29, 2015 in Tehran. Despite agreeing the outlines of a nuclear agreement on April 2, the final talks between Iran and six powers led by the United States on turning it into a binding accord have hit difficulties on reaching a deal which would lift sanctions, paving the way for foreign investment to flow back, in exchange for curbs on Iran's nuclear activities. AFP PHOTO/BEHROUZ MEHRIBEHROUZ MEHRI/AFP/Getty Images

Commentary: Cracking Open A Window for Iran to Attain its “Economy of Resistance”

Last May, National Iranian Oil Company (NIOC) managing director Rokneddin Javadi told International Oil Daily at a conference in Kuala Lumpur that Iran’s production would be able to pump an additional 1 million b/d within three to six months
In this Tuesday, Feb. 24, 2015, photo, an activist waves a placard calling for the ban of fracking during a news conference outside the Colorado Convention Center in Denver. (AP Photo/David Zalubowski, File)

Ballot fight over fracking could be shaping up in Colorado

Frank McNulty, a Republican former state lawmaker who sponsored a pro-industry ballot measure in 2014, expects fracking opponents to turn to voters next year.
(Daniel Acker/Bloomberg)

Oil spills from Plains pumping station in Illinois

The Houston-based company confirmed the release of an estimated 4,200 gallons of oil from the Pocahontas pump station on its Capwood Pipeline in Illinois, about 40 miles from St. Louis.
(AP Photo/Richard Drew)

Amid swell of interest, Baker Hughes unveils updated rig count app

The decades-old Baker Hughes rig count is getting a 21st century facelift with its debut of a new smartphone app featuring the oil field services company’s weekly round-up of rigs hunting for oil and natural gas.

Oil rig count grows again after gains in the Permian

Five oil rigs were added this week in the U.S., although gas and miscellaneous rigs dipped by four, leaving a net gain of one rig for the week, according to data from oil services provider Baker Hughes.
A crew cleans oil from the beach at Refugio State Beach on May 20, 2015 north of Goleta, Calif.  (Photo by David McNew/Getty Images)

California beach to reopen 2 months after oil spill

State Parks officials have cleared Refugio State Beach west of Santa Barbara to reopen July 17. Crews still need to finish scraping oil off cobblestones before the public can use the beach next week.