Fuel Fix

(Brittany Sowacke/Bloomberg)

Swift Energy cuts annual budget 75 percent

Swift shares have fallen 79 percent since June 20, when oil prices peaked in 2014.  More »
(AP file photo/Hasan Jamali)

U.A.E. sees oil drop hurting shale drillers, not OPEC

The Persian Gulf nation will stick with a plan to boost its capacity to 3.5 million barrels a day in 2017, in spite of the global supply glut.  More »
U.S. Oil Rigs Increase Exploration, Defying Predictions

Oil drops below $45; U.S. stockpiles may speed collapse

Goldman Sachs Group Inc. said crude needs to drop to $40 a barrel to “re-balance” the market, while Societe Generale SA also reduced its price forecasts.  More »
Senate Majority Leader Mitch McConnell (R-KY) (2-L) speaks to the media after the Republican policy luncheon at the U.S. Capitol, January 7, 2015 in Washington, DC. Leader McConnell spoke about various issues before the Senate including the Keystone Pipeline. Also pictured is (L-R), Sen. Roger Wicker (R-MS), Sen. John Barrasso (R-WY) Sen. John Thune (R-SD), Sen. Roy Blunt (R-MO), and Sen. John Cornyn (R-TX). (Photo by Mark Wilson/Getty Images)

On Senate’s to-do list: Keystone, climate change, crude exports

The Senate is gearing up to debate a host of energy industry priorities to start 2015.  More »
(JEFF PACHOUD/AFP/Getty Images)

AAA: $2 gasoline hits almost a dozen states

The price for a gallon of gasoline in Texas has fallen 8 cents since Jan. 5 to reach $1.90, AAA said.  More »
(Photographer: Eddie Seal, Bloomberg)

Investment firm lays off 150 employees from oil field companies

OFS Energy’s layoffs come after oil field service companies like Halliburton and Hercules Offshore have announced sizable layoffs in November and December.  More »
FRACKING SAND

Sand boom headed for uncertainty, Moody’s says

With crude prices down more than 55 percent since the summer of 2014, sand producers are facing uncertainty about how much of the material will be needed in the next few years.  More »
A section of the Alyeska Pipeline Service Company 800 mile Trans Alaska Pipeline crosses a mountain ridge near Delta Junction, Alaska, Wednesday, August 17, 2005.  (Photographer: Daniel Acker/Bloomberg News)

Despite declining oil prices, $45 billion Alaska LNG export project moves forward

The project aims to extract North Slope natural gas and move it through an 800-mile pipeline for loading onto tankers bound for Asia.  More »
OIL GAS RIG

Canadian oil company cuts more than $2 billion from 2015 budget

It joins a slew of competitors of various sizes, from Marathon Oil to Continental Resources to ConocoPhillips, who have all cut their planned 2015 capital budgets as well.  More »
(Photographer: Ty Wright/Bloomberg)

U.S. drivers start 2015 with cheapest gas in six years

Gasoline at the pump is at the lowest since April 2009, when prices were $2.0549 a gallon.  More »
(Photographer: Brittany Sowacke/Bloomberg)

Goldman Sachs: Oil companies could default if crude sticks to $40

Analysts say oil traders Monday were also reacting to news that this week Libyan factions are starting indirect negotiations in Geneva and that Iran is looking to jumpstart nuclear talks with the United States and other western powers.  More »
Texas Gov. Greg Abbott (Chris Kleponis/Bloomberg News)

Plunging oil prices take toll on Texas budget outlook

Republican Comptroller Glenn Hegar said his estimate expects “moderate expansion” in the Texas economy while reflecting uncertainties in oil prices..  More »
Photo:  justengineeringschools.com

Oil producers betting on bigger price drop

Companies are hedging more and drilling less amid concern that the biggest slump in prices since 2008 will continue.  More »
Caption


In this Jan. 8, 2015 photo, an environmentalist concerned about global warming wears a statement t-shirt at a public hearing in Eatontown, N.J. on a proposed offshore terminal for imports of liquefied natural gas. Liberty Natural Gas wants to build the facility off the coasts of New York and New Jersey. Business and labor groups support the plan, but environmentalists oppose it, saying it is really a plan to facilitate exports of natural gas obtained by hydraulic fracturing, a technique they oppose. (AP Photo/Wayne Parry)

Idea for gas terminal off East Coast rankles fracking foes

Liberty Natural Gas wants to build a deep-water port in federal waters 19 miles off Jones Beach, New York, and 29 miles off Long Branch, New Jersey. Its stated purpose is to bring additional natural gas into the New York area during times of peak demand, thereby lowering home-heating prices.  More »
Caption


In this photo released by Saudi Press Agency, Deputy Crown Prince of Saudi Arabia, Prince Muqrin bin Abdulaziz Al Saud, front, receives Venezuelan President Nicolas Maduro, center, at the King Khalid International Airport in Riyadh, Saudi Arabia, Sunday, Jan. 11, 2015. (AP Photo/SPA)

Venezuela, Saudi leaders meet and talk oil prices in Riyadh

The official Saudi Press Agency reported that the leaders discussed areas of cooperation between the two OPEC-member countries and ways to promote bilateral ties  More »
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