Fuel Fix

(AP Photo/Richard Drew)

Oil’s slide continues into August

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Monday’s slide follows a bearish July, when concerns that the glut of oil may not be easing sparked a sell off and erased gains crude had posted in May and June.

Oil’s slide continues into August

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(AP Photo/Richard Drew)
Monday’s slide follows a bearish July, when concerns that the glut of oil may not be easing sparked a sell off and erased gains crude had posted in May and June.
Exxon Mobil CEO Rex Tillerson

Oil CEOs’ grim outlook rubs off on speculators fleeing market

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Exxon, the biggest U.S. energy producer, reported July 31 its lowest profit since 2009 while No. 2 Chevron posted its worst results in 12 years.
Categories: Crude oil, featured
An oil tanker, right, cruises past a new liquefied natural gas tanker at the Cheniere terminal in Cameron Parish, La. (Michael Stravato/The New York Times)

Congressional Democrats question oil exports

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A House hearing Thursday illustrated the steep obstacles for oil producers and their congressional supporters seeking to upend a longstanding ban on exporting crude.
(JEFF PACHOUD/AFP/Getty Images)

Gasoline below $2 could return this fall if crude prices continue dropping

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Gasoline prices in the U.S. will likely slide somewhat from a national average of $2.77 over the next few weeks. Experts then expect a substantial decline in late summer and fall, pushing average gasoline prices in some low-price states below $2 a gallon again.
Categories: Gasoline

(Photographer: Andrey Rudakov/Bloomberg)

Shell U.S. unit may drop ‘oil’ from name in sign of times

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With Shell Oil Co.’s parent focusing more on natural gas and looking at other energy alternatives, the oil in the name “is a little old-fashioned, I’d say, and at one point we’ll probably do something about that,” Marvin Odum, director of the company’s upstream Americas business, said Thursday at the Toronto Global Forum.
Categories: Crude oil, Natural gas
(Marcus Bengtsson/Creative Commons)

Coast Guard probing cause of gash in Shell-contracted icebreaker

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In the Alaska port of Dutch Harbor on Thursday, workers were considering how to fix the damage to the MSV Fennica, which was discovered by crew members and a marine harbor pilot on July 3.
Categories: Arctic, featured
U.S. Secretary of State John Kerry waits for the start of a meeting on Iran's nuclear program with officials from Britain, France, Germany, China, the European Union and Iran at the Beau Rivage Palace Hotel in Lausanne, Switzerland Tuesday, March 31, 2015. (AP Photo/Brendan Smialowski, Pool)

Kerry: No Iran deal yet, but talks continue

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U.S. Secretary of State John Kerry says western powers have not yet reached an accord with Iran that would have limited the Islamic Republic’s nuclear capabilities and most likely lifted economic sanctions that have kept Iranian oil out of many international markets for three years.
A worker at Valero Energy's refinery in Three Rivers, Texas, Oct. 12, 2012. Refining, once regarded as a low-margin, accident-prone part of the energy industry, is doing better in part because of cheaper natural gas and domestic crude oil. (Michael Stravato/The New York Times)

Deluge of refinery expansions run risk of cost overruns, delays, report finds

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More than 30 refining expansions worth $14 billion total are under development across the United States as the industry hustles to take advantage of the oil glut, according to a new analysis by Petrochemical Update, which analyzes construction trends for the industry.
Categories: Refining
Plant operators at the control room, pipes, towers and fractional facilities at Enterprise refinery in Mont Belvieu, Texas. (Thomas B. Shea/Houston Chronicle)

Enterprise building a new pipeline to connect Gulf Coast petrochemical network

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Enterprise said the new projects will bring the company’s polymer grade propylene distribution system to a total length of 587 miles and connect the system to more than 30 petrochemical facilities along the Gulf Coast.
Categories: Pipelines, Refining