(Dean Musgrove/Los Angeles Daily News via AP, Pool, File)

Air regulators sue SoCalGas over months-long well leak

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The South Coast Air Quality Management District sued the utility for creating a public nuisance. The lawsuit, filed in Los Angeles County Superior Court, further contends that “as a result of their negligence, people were injured,” said Kurt Wiese, the agency’s general counsel.
Megan Sakkal fills her vehicle with gasoline at the  Shell Station in the 300 block of South Shepherd Drive Tuesday, Aug. 27, 2013, in Houston.
( James Nielsen / Houston Chronicle )

Oil’s drop makes it cheaper to fill up in Houston than Abu Dhabi

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Houston drivers haven’t paid less on average than Abu Dhabi pump prices since 2008, according to data.
Iran's President Hassan Rouhani gestures at the conclusion of his press conference, in Tehran, Iran, Sunday, Jan. 17, 2016. The implementation of a historic nuclear deal with world powers is expected to pave the way for a new economic reality in Iran, now freed from harsh international sanctions. On Sunday Rouhani presented parliament with a draft budget that plans for an economic windfall even as it reduces reliance on oil revenues. (AP Photo/Ebrahim Noroozi)

Iran signs flurry of business deals as leader visits Europe

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Some business deals are ready to be inked but others are still in negotiation as a few sanctions not related to the nuclear program remain in place, particularly by the U.S., on the trade of goods that could be used for military or intelligence purposes.
NEW YORK, NY - JANUARY 04:  A trader works on the floor of the New York Stock Exchange during the morning of January 4, 2016 in New York City. Today marks the first day of trading for the New York Stock Exchange; the market dove over 400 points upon opening.  (Photo by Andrew Burton/Getty Images)

Stocks rise with oil prices, consumer and bank stocks climb

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Higher oil prices and some positive earnings news from U.S. companies are helping to send the stock market higher.
(Daniel Acker/Bloomberg News)

Pipeline builders facing new obstacle in Western Canada: saboteurs

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Saboteurs represent the latest hassle Western Canada faces in getting its crude to coastal markets as plans to build new pipelines are stymied by environmental and legal challenges.
Categories: Canada, Crude oil, Pipelines
Electric light illuminates the derrick tower of an oil drilling platform at a site operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed. Photographer: Andrey Rudakov/Bloomberg

Distress in the oil patch is spurring a new type of joint venture

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Joint ventures between oil and gas explorers in the U.S. and their foreign counterparts helped fuel the shale boom. They’re coming back in a new iteration for the bust.
Arthur Perales III works on a gear reducer at the Weatherford rod-pump manufacturing plant Thursday, June 26, 2014, in Katy. (Brett Coomer/Houston Chronicle)

Texas manufacturing declines fastest in 11 years, Fed says

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Texas manufacturing activity fell the fastest in 11 years this month as crude prices crashed and the dollar rose, the Federal Reserve Bank of Dallas said Monday, after several months of reporting signs of an impending slowdown.
Snow is cleared outside of the U.S. Supreme Court in Washington, Jan. 23, 2016. A huge winter storm pounded the East Coast on Saturday, bringing one of the most populated stretches of the country to a near standstill. (Zach Gibson/The New York Times)

High court upholds government’s energy conservation program

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The justices ruled 6-2 on Monday that the Federal Energy Regulatory Commission had the authority to issue directives aimed at conserving energy and preventing blackouts.
NEW YORK, NY - JANUARY 13:  Traders work on the floor of the New York Stock Exchange (NYSE) on January 13, 2016 in New York City. The Dow Jones industrial average fell over 350 points today as markets continued to react to falling oil prices and the uncertainty in the economic outlook in China.  (Photo by Spencer Platt/Getty Images) ***BESTPIX***

Energy stocks lead an early decline in U.S. as oil price falls

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Chevron fell 2 percent shortly after the opening bell Monday and Exxon Mobil lost more than 1 percent.
Abdalla El-Badri, OPEC secretary-general, gestures as he speaks during a news conference following the 167th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Friday, June 5, 2015. The Organization of Petroleum Exporting Countries has exceeded its own target of 30 million barrels a day for 12 straight months. Photographer: Lisi Niesner/Bloomberg *** Local Caption *** Abdalla El-Badri

OPEC’s El-Badri calls on global oil producers to help curb glut

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The head of the Organization of Petroleum Exporting Countries said he wants oil producers outside the group to assist in reducing the global oversupply, signaling once again that OPEC won’t make output cuts alone.