Oil has collapsed into a bear market as leading members of the Organization of Petroleum Exporting Countries resisted calls to cut production and U.S. shale boom lifted output to the highest level in three decades. More »
The decision underscores the wide disparity between the economics of established shale plays and younger ones. More »
Although Halcón posted a $186.9 million profit and saw production surge 16 percent in the third quarter, the Houston-based independent oil and gas company said falling oil prices necessitate a more conservative approach in 2015. More »
Prices for crude oil have been in a steady slide for months thanks to a combination of anemic oil demand growth and a tide of growing production that hasn’t been slowed by international conflicts. More »
Oil has been falling steadily since it hit a 10-month closing high of $107.26 on June 20 as the Iraqi government has slowly re-established stability.
If the conflict in Iraq forced a third of the country’s oil production offline, it could thrust crude prices up $40 per barrel, a group of former military leaders and energy experts warned Tuesday. More »
Oil markets are taking the death of Venezuelan President Hugo Chavez in stride, with the price of crude little changed Wednesday. More »
The threshold level for drilling a profitable oil well in the South Texas oil and gas field is somewhere between $50 and $57 a barrel, a Baker Hughes executive said Wednesday. More »
Oil production in the United States has surged and use of petroleum products has fallen. In theory, those factors should have pushed the price of crude down. Instead, it’s gone up. More »
Texas drivers spent 7.3 percent of their income on gasoline in 2011, making them among the most vulnerable motorists nationwide to climbing fuel prices, according to a report issued Monday. More »
In my column last week about the Keystone XL Pipeline, I discussed how the price spread between West Texas Intermediate and Brent crude indicated the need for more pipeline capacity between the Midwest and the Gulf Coast. At the moment, Brent — which is basically the global price for oil — is about $113 a barrel. WTI is about $87.