Fuel Fix

A drilling rig in the Utica Shale. (Chesapeake)

Rig count falls as seasonal slowdown meets lower crude prices

Oil and gas drillers idled more rigs last week, as crude prices fell to their lowest levels in five years on Monday.  More »
(AP file photo/John Moore)

Commentary: Reading tea leaves of Saudi 2015 budget

The kingdom has historically missed the mark between budget making and actual oil prices.  More »
(AP Photo/Charles Rex Arbogast, File)

Oil falls to 5-year low as supply glut seen lingering

Futures plunged 46 percent this year, set for the biggest annual drop since 2008, as the Organization of Petroleum Exporting Countries resisted supply cuts to defend market share in response to the highest U.S. output in three decades.  More »
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Oklahoma to increase wind-generated power

Data from the U.S. Energy Information Administration says developers are planning to increase wind power capacity with projects primarily in Oklahoma, Illinois, Iowa, Minnesota and Texas.  More »
(AP Photo/Charlie Riedel, File)

Program that backed Solyndra now showing successes

At the RV Park he owns in a remote corner of southwestern Kansas, Jan Leonard is seeing the benefits of one of the federal government’s most contentious programs.  More »
(AP Photo/Keith Srakocic)

Entergy: Louisiana needs more electricity for industry

That likely means building power plants for about $1 billion a piece, which the 1 million customers of Entergy Corp.’s Louisiana companies will be expected to pay.  More »
Keystone Pipeline Texas

Canadian oil surge to U.S. Gulf puts Mexico on defensive

The Canadian supply will square off against crudes from Mexico and Venezuela that have traditionally fed refineries along the Texas and Louisiana coasts.  More »
dollar falling graph

As oil prices fall, Alaska governor halts project spending

With oil prices dropping, Alaska Gov. Bill Walker has halted new spending on six high-profile projects, pending further review.  More »
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Algeria calls for OPEC to cut production

The call by Youcef Yousfi to the Organization of Petroleum Exporting Countries, of which Algeria is a member, comes as the country is struggling to deal with a halving of oil prices from $120 barrel to $60 a barrel.  More »
(LEON NEAL/AFP/Getty Images)

Libya calls oil region clashes a serious escalation

— Libya’s foreign minister said Sunday that extremist groups are escalating their attacks and making a renewed push to seize oil resources, after an assault on eastern terminals set storage tanks ablaze, sending massive clouds of black smoke into the sky.  More »
(Eddie Seal/Bloomberg)

What’s next for world oil as lower prices extend into 2015

Those looking for a quick rebound may be disappointed, as world consumption growth slowed to the least since 2009, U.S. companies pumped more than they have since the 1980s and a price war broke out among members of the Organization of Petroleum Exporting Countries.  More »
Keystone Pipeline Texas

Residents on path of Kinder Morgan pipeline from Ohio to Gulf concerned about use

Federal regulators are considering the proposal to repurpose a 1,000-mile pipeline owned by Kinder-Morgan Energy Partners and MarkWest that runs from Ohio to the Gulf Coast.  More »
(Photo by Joe Raedle/Getty Images)

Missouri the first state to average gasoline under $2

There are now five states averaging close to the $2 threshold.  More »
Natural gas is flared at a Pioneer Natural Resources well, in Karnes County, Texas in 2010. 
(Eddie Seal/Bloomberg)

Natural gas falls below $3 in latest slide

Natural gas’ benchmark future price fell below $3.00 per million British thermal unit in trading on Friday, continuing a slide that has knocked about 30 percent from the price of gas in only one month.  More »
As U.S. crude production nears records, the oil industry is pushing for relaxed rules on oil exports.  (AP Photo/Orlin Wagner)

Midstates moving HQ from Houston to Tulsa

In a statement this week, Midstates said it hired ex-Samson Resources executive Mark Eck for the role of chief operating officer. Samson is based in Tulsa.  More »
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