News from the Houston Chronicle energy team
(AP Photo/Log Cabin Democrat, Courtney Spradlin)

Arkansas homes still for sale after oil spill

The oil giant’s Pegasus pipeline ruptured in March 2013, spilling thousands of gallons of oil into an Arkansas community.  More »
Petrol Prices At U.K. Gas Stations As Price Of Oil Continues To Fall

Lower price at the pump doesn’t mean much more driving, report says

But the relationship between prices and number of drivers used to be closer.  More »
(AP Photo/University of Wyoming)

Students in energy programs getting nervous as oil prices plummet

College seniors hoping to start careers in the energy sector are worrying about their job prospects now that crude oil prices continue to fall.  More »
(Fayez Nureldine/AFP/Getty Images)

Oil falls as UAE says OPEC won’t cut output to boost price

Prices have fallen about 20 percent to the lowest in five years since OPEC decided against cutting production to tackle the glut at a Nov. 27 meeting.  More »
(Image: Fotolia)

Producers, oil-tool firms hold off on IPOs as crude plunges

Wall Street investors have had a hard time putting a stock-market value on these companies because crude prices are still wobbling daily.  More »
The Apache-operated Varanus Island Gas hub is located in western Australia (Apache Corp.)

Apache will sell LNG stakes in Australia, Canada for $2.75 billon

Apache Corp. will sell its stakes in liquefied natural gas projects in Australia and Canada for $2.75 billion, marking one of its most significant steps yet toward paring back its portfolio to focus on North American activity.  More »
(Jerry Lara/San Antonio Express-News)

Goldman sees U.S. oil output unscathed as costs decline

The slump in benchmark U.S. crude futures, which are down more than 40 percent this year, is driving producers to move drill rigs to lower-cost fields, the bank said in an e-mailed report.  More »
(AP Photo/Nabil al-Jurani, File)

Oil jumps most in two weeks as fighting, strike curb OPEC output

Fighting disrupted exports from Libya’s largest and third-largest crude ports and halted output from some fields, state-run National Oil Corp said.  More »

OPEC chief urges oil investment despite low prices

The secretary-general of OPEC on Sunday urged Gulf Arab nations to keep investing in oilfield development despite the plunge in crude prices and gave no indication the cartel was prepared to shift its strategy to halt the slide.  More »
(Photo by Joe Raedle/Getty Images)

AAA: Consumers now saving $100 per month on gasoline

Gasoline prices averaged $2.60 per gallon Friday — the lowest level since Dec. 27, 2009.  More »
(AP Photo/The Bakersfield Californian, Casey Christie)

New railroad rebuilding business after disaster in Quebec

Central Maine and Quebec Railway spent $10 million on track improvements over the summer to increase train speeds that had been lowered to 10 mph in some places because of deferred maintenance.  More »
U.S. Oil Rigs Increase Exploration, Defying Predictions

Crude fall raises prospects of layoffs in Wyoming

The drop in prices carries widespread implications in Wyoming, where a recently revived oil industry has bolstered payrolls and state coffers.  More »
U.S. Oil Rigs Increase Exploration, Defying Predictions

Rig count falls as oil prices continue slide

A new report showed that producers had slowed the pace of drilling for oil as the commodity fell further fell further $60 per barrel on Friday.  More »
( Jay Pickthorn/AP/Statoil).

Crude oil extends drop below $60 as IEA cuts forecast

The IEA reduced its estimate for oil demand growth in 2015 by 230,000 barrels a day on Friday.  More »

Record oil tankers seen sailing to China amid stockpiling signs

There are 83 very large crude carriers bound for Chinese ports, according to shipping signals from IHS Maritime.  More »