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Deloitte: We’ve seen bottom of oil prices

Crude oil prices continued an upward trend Tuesday but fell once again by Wednesday afternoon, when West Texas Intermediate was down $4.61 and trading at $48.44 per barrel.
The sun sets on a drilling rig in Frio County, Texas.  (Jerry Lara/San Antonio Express-News)

Report: U.S. land rig count could fall 30 percent

The number of onshore oil and gas wells in the U.S. will fall 26 percent this year to 27,000, research firm Wood Mackenzie said in a new report published Thursday.
A gas station attendant pumps gas, in Portland, Ore.  (AP Photo/Rick Bowmer, File)

Pump prices are on the move–and you’ll like the direction

Gasoline prices could fall an average of 10 to 20 cents per gallon in the coming weeks, following a decline in oil prices.
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(Jeff Pachoud/AFP/Getty)

Gulf Coast drivers to get lowest pump prices as summer gasoline drops

U.S. motorists can expect to pay about $3.57 for a gallon of gasoline this summer, about the same as last year, government economists predicted Tuesday.
Cheniere Energy already is expanding this LNG plant in Louisiana, but federal agencies are in conflict over plans for a Texas facility. (Cheniere Energy)

Manufacturers call for halt on natural gas export approvals

Dow Chemical and other big industrial users of natural gas are imploring the Obama administration to stop approving licenses to broadly export the fossil fuel.
(AP Photo/Hasan Jamali)

US oil boom’s end in sight, feds say

U.S. oil production is on track to reach a near historic high by 2016, before leveling off and eventually beginning to taper in 2020, according to a new federal forecast.
A natural gas drilling site in the Barnett Shale. (AP file photo/Donna McWilliam)

Exxon Mobil predicts surge in electricity from nuclear & natural gas at the expense of coal

Natural gas and nuclear power could help meet a surging demand for electricity across the globe over the next three decades as growing environmental concerns and costs start to price coal out of the market, Exxon Mobil predicted today.
(AP file photo/Paul Sakuma)

IEA cuts forecast for crude oil demand

The International Energy Agency cut global oil demand forecasts for this year and next as the economic recovery falters.