Fuel Fix

Senate Republican leader Mitch McConnell of Kentucky speaks with reporters following a weekly Republican policy luncheon, at the Capitol. (AP Photo/J. Scott Applewhite)

Top Senate Republican tells states: ignore EPA carbon rules

In an op-ed published Tuesday in the Lexington Herald-Leader, Majority Leader Mitch McConnell of Kentucky says states should reject Obama’s proposed requirements for power plants to reduce carbon dioxide, the chief greenhouse gas.  More »
ExxonMobil Chairman and CEO Rex Tillerson (AP/Haraz N. Ghanbari)

Exxon CEO: Get used to lower oil prices

Speaking at the company’s annual investor meeting in New York, Tillerson cautioned that geopolitical turmoil could unexpectedly send prices higher.  More »
US President Barack Obama arrives to speak on March 22, 2012 at the TransCanada Stillwater pipe yard in Cushing, Oklahoma. Obama spoke about the Keystone XL pipeline and his energy policies. (AFP PHOTO/Mandel Ngan)

Senate clashes with Obama on Keystone XL veto

Senate champions of Keystone XL failed to override President Barack Obama’s veto of legislation that would authorize the pipeline on Wednesday.  More »
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(Karen BLEIER/FILESKAREN BLEIER/AFP/Getty Images)

Exxon Mobil raises $8 billion in its largest bond offering

Exxon holds top triple-A credit ratings from Moody’s Investors Service and Standard & Poor’s, making it one of only three U.S. corporations that stand on nearly equal footing with governments in debt markets.  More »
Crude Oil Caps Biggest Weekly Increase In Two Years On Libya Unrest

Crude inventories at their highest level in decades after another build

Total crude oil inventories now stand at 444.4 million barrels, a modern-era high.  More »
Rex Tillerson, chairman, president, and CEO of ExxonMobil Corp. ( Johnny Hanson / Houston Chronicle )

Exxon Mobil to cut 2015 budget by 12 percent

Despite the cuts, Exxon said it expects to increase daily production to 4.3 million oil-equivalent barrels through 2017.  More »
(AP Photo/Hussein Malla, File)

Libyan official: Islamic State militants attack oil field

The militants swept down from the central city of Sirte and attacked the al-Dhahra oil field to the south, trading fire with guards and blowing up residential and administrative buildings before eventually retreating.  More »
Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Ibrahim Naimi speaks to journalists at OPEC's meeting in Vienna. (AP Photo/Ronald Zak)

Saudi Arabia pledges to pump as much oil as its customers need

The country won’t cut output unless customers refuse to buy its crude, Oil Minister Ali Al-Naimi said in Berlin on Wednesday.  More »
(JEFF PACHOUD/AFP/Getty Images)

U.S. consumer spending on fuel at a six-year low in January

According to the Commerce Department’s Bureau of Economic Analysis, Americans spent 21 percent less on gasoline, electricity and gas services in January than at the same time last year.  More »
(Billy Smith II/Houston Chronicle)

Crude exports in spotlight as House leaders urge slow approach

House Energy and Commerce Committee leaders took pains to stress they will move carefully as they consider whether to loosen the nation’s 40-year-old ban on crude exports.  More »
Dave Washington, left, Bobbie Thompson, and Kevin Hyde, United Steel Workers Local 13-227 members, employed by LyondellBasell Industries Houston, hold a strike claiming unfair labor practices at the oil refinery plant Monday, Feb. 2, 2015, in Pasadena, Texas. (Gary Coronado/Houston Chronicle)

LyondellBasell accuses Steelworkers of threatening returning workers

The company also contends it has witnessed threatening behavior at the gates of its Houston refinery as employees arrive to work.  More »
(Photo: Thomas B. Shea/For the Chronicle)

Steelworkers’ local reminds strikebreakers of their union oath

The local union reminded its members about the initiation oath they took that included a promise to abide by the laws of the union, including, “I will cease work when authorized and approved by the organization to do so.”  More »
Photographer: Daniel Acker/Bloomberg

Nabors cuts nearly 3,500 jobs as U.S. drilling takes big hit

Nabors’ active U.S. rig count has fallen 32 percent from its peak last year, according to the company’s CEO.  More »
BP Plc Results News Conference

BP CEO’s pay package jumps 25 percent

BP CEO Bob Dudley’s total take home jumped 25 percent last year, though his annual cash bonus was trimmed by more than half, according to regulatory filings released Tuesday.  More »
Scott Sheffield, chairman and CEO of Pioneer Natural Resources, speaks in Midland, Texas. (Tim Fischer\Reporter-Telegram)

Oil producers make pitch to Congress

Oil producers are pleading with lawmakers for the chance to export crude.  More »
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