Fuel Fix

(Jordan Blum/Houston Chronicle)

Getting a glimpse of Exxon Mobil’s new campus

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The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.

Getting a glimpse of Exxon Mobil’s new campus

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(Jordan Blum/Houston Chronicle)
The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Oil industry needs half a trillion dollars to endure price slump

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If oil stays at about $40 a barrel, the shakeout could be profound.

(Bill Montgomery/Houston Chronicle)

Electric deregulation is saving Texas money, but it took a decade for consumers to reap the benefits

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While Texas residents first began saving in 2012 compared with the national average, the typical Texas household paid $4,800 more than Texans living outside the competitive electricity market since deregulation took effect, according to the Texas Coalition for Affordable Power.
Categories: Consumers, Electricity
A member of Exxon Mobil's cleanup crew is reflected in water and oil in a drainage ditch along State Highway 365 in Mayflower, Ark., Monday, April 1, 2013. (AP Photo/Log Cabin Democrat, Courtney Spradlin)

Judge OKs agreement ending lawsuit over Arkansas oil leak

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U.S. District Judge Kris Baker said Wednesday the agreement complies with the Clean Water Act and is fair to ExxonMobil and the governments.
Categories: Accidents, Crude oil
(Shane Bevel/Bloomberg News)

Crude oil gains on inventory news

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The gain came as the U.S. EIA said Wednesday that crude oil inventories fell by 1.7 million barrels in the week ending August 8. Commercial stores of crude oil now stand at 453.6 million barrels.
A jar holding waste water from hydraulic fracturing is held up to the light at a recycling site in Midland, Texas. (AP Photo/Pat Sullivan)

Report details which chemicals are being used in California fracking fluids

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More distinct chemicals were used during hydraulic fracturing operations at California oil wells than nationwide, the report shows.
(AP Photo/Hasan Jamali, File)

IEA: Global oil demand rising fastest in five years

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Iran added 50,000 barrels a day last month, an early increase following a deal with Western powers that is expected to lift oil-export sanctions against the country in coming months.
Categories: Crude oil, featured, Markets
In this Thursday, Jan. 28, 2010 file photo, A worker walks past tanks at a Petrochina storage base in Suining, in southwest China's Sichuan province. (AP Photo)

Despite currency collapse, China continuing to hoard crude

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As a glut dragged down benchmark oil prices over the past year, China sought to take advantage of the slump and build a strategic petroleum reserve to stock emergency supplies.
Categories: Asia, Crude oil
(AP Photo/Nabil al-Jurani, File)

Iraq’s oil output climbs to record despite fighting

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Iraq needs to keep increasing oil production because lower oil prices have curbed government revenue at a time when Islamic State militants captured parts of Iraq’s north last year.
Categories: Crude oil, Middle East