(Jeff Pachoud/AFP/Getty Images)

U.S. pump prices slip to three-month low

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Pump prices declined to the lowest level since an April 24 survey due to lower crude oil prices in combination with high output from refineries.
Warren Buffett -- chairman, president & CEO of Berkshire Hathaway -- gestures during a 2013  interview.  (AP Photo/Nati Harnik, File)

Buffett to acquire engineering giant in $37.2 billion deal

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The target company uses advanced engineering technology to make metal industrial components for jet engines and power plants as well as pipes for the oil and gas industry.
EOG Resources CEO Bill Thomas at EOG's offices in downtown Houston Thursday Sept. 25, 2014. (Billy Smith II  / Chronicle)

EOG Resources CEO: Expect US production declines in 2nd half

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EOG Resources is making higher rates of return on cheap oil in some areas but it isn’t ready to turn on the taps again because it expects oil prices to recover in coming months, CEO Bill Thomas told analysts Friday.
Roughnecks take a break from working the Peterson Drilling Company rig in Carlsbad, New Mexico, February 26, 2000.  (Photo by Joe Raedle)

Oil poised for sixth weekly drop as signs of oversupply persist

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Current oil prices are unsustainable and the market will rebalance in the next six to 12 months as U.S. output declines, UBS Group AG said in a note.
(Spencer Platt/Getty Images)

To please investors, Big Oil makes deepest cuts in a generation

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From Chevron Corp. to Royal Dutch Shell Plc, producers are firing thousands of workers and canceling investments to defend their dividends.
(AP file photo/Marco Garci)

Tesoro settles pollution suit from California regulators for $4 million

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Texas-based oil manufacturer Tesoro Corp. has agreed to pay $4 million to settle a lawsuit claiming the company spewed smog- and ozone-producing pollutants at its refinery in Martinez.
(Jeff Pachoud/AFP/Getty Images)

Gasoline prices down a nickel across Texas

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In the Texas metro areas, drivers in Texarkana are paying the least at $2.32 per gallon while motorists in El Paso are paying the most, $2.63 per gallon.
(Jerry Lara/San Antonio Express-News)

Explorers in need of cash are selling oil fields as last resort

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Having exhausted other ways to raise cash amid depressed prices, a slew of producers announced more than $2.4 billion in asset sales last month
(AP Photo/Keith Srakocic)

16 states ask Obama admin to put power plant rules on hold

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The 16 states and a handful of others are preparing to sue the Obama administration to block the rules permanently by arguing they exceed Obama’s authority. Bolstered by a recent Supreme Court ruling against the administration’s mercury limits, opponents argued that states shouldn’t have to start preparing to comply with a rule that may eventually get thrown out by the courts.
Billionaire climate activist Tom Steyer, right, speaks during a news conference with consumer advocate Jamie Court, left, president of Consumer Watchdog in Santa Monica, Calif. on Wednesday, Aug. 5, 2015. (AP Photo/Nick Ut)

Billionaire seeks oil refiner transparency on profits from California gasoline prices

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A brief supply shortage brought a huge rise in wholesale oil prices in California in July. Drivers in some parts of the state paid more than $4 a gallon for gas.