Fuel Fix

(Eddie Seal/Bloomberg)

More than 500 rigs may shut down as oil slides, analysts say

Rigs could begin to see less work starting early next year, following a 40 percent drop in the number of new U.S. drilling permits issued from October to November.  More »
(AP Photo/Nabil al-Jurani, File)

Militant fighting, price plunge threaten Iraq’s oil production goal

Iraq is supposed to add more new oil production by the end of this decade than any other OPEC member.  More »
(AP Photo/The Shreveport Times, Douglas Collier)

Out-of-control gas well keeping 25 families out of homes

The Monroe County well had been temporarily plugged while work was being done elsewhere onsite.  More »

(AP Photo / Alexander Zemlianichenko)

Oil trades near 5-year low as Russia echoes OPEC output policy

Oil has slumped about 45 percent this year as a surge in shale drilling lifted U.S. output to the fastest pace in three decades amid slower growth in world demand.  More »
In a cell phone photo taken by protesters and provided to news media by the Calhoun County Sheriff Department, Chris Wahmhoff stands near the pipeline he crawled into Monday morning, June 24, 2013 near Marshall, Mich. Wahmhoff emerged from the pipe about 5 p.m., after 10 hours.  Protesters seek to halt Enbridge Inc.'s building of a new line, saying it endangers public health. (AP Photo/Calhoun County Sheriff Department via The Enquirer)

Protestor who spent 10 hours in oil pipeline found guilty

Christopher Wahmhoff told a Calhoun County judge Tuesday that if he “was getting put away for 50 years it would be worth it.”  More »
(SAMAD/AFP/Getty Images)

Global crude plunges through $60 as producers fail to curb glut

Brent futures slumped as much 3.3 percent to its lowest since May 2009 in London.  More »
President Barack Obama gestures during a speech on climate change at Georgetown University on Tuesday, June 25, 2013, in Washington. (AP Photo/Evan Vucci)

Obama withdraws Alaska’s Bristol Bay from drilling

Obama says in a video announcement that the natural resource is too precious to be put out to the highest bidder.  More »
Sen. John Thune, R-S.D., left, and Senate Minority Whip John Cornyn of Texas, right, listen as Senate Minority Leader Mitch McConnell of Ky., center, speaks during a news conference on Capitol Hill in Washington, Tuesday, Nov. 18, 2014. (AP Photo/Carolyn Kaster)

Keystone pipeline to top Senate agenda next year

Congressional Republicans have been pushing for approval of the pipeline for years. Obama has resisted because of environmental concerns.  More »
(AP Photo/Matt Rourke)

AAA: Nearly 4 million more Americans on the road for holidays

Millions more drivers will look to take advantage of plummeting gas prices this winter.  More »
(Photo by Flickr user Lee)

Citgo says Conoco probe may ‘freak out’ potential buyers

ConocoPhillips claims Venezuela’s state-owned oil company is trying to avoid paying compensation for assets that former President Hugo Chavez nationalized in 2007.  More »
(Bill Montgomery/Houston Chronicle)

Small natural gas leak reported from Enbridge pipeline in Michigan

The Dec. 8 leak was disclosed this week to a task force of state agencies investigating the safety of petroleum pipelines in Michigan.  More »
FRANCE-ECONOMY-ENERGY-OIL-FUEL-GAS-AUTO-FILES

U.S. households to spend $550 less on gasoline in 2015

The average U.S. household can expect to spend $550 less at the gasoline pump in 2015 thanks to both falling gasoline prices and more fuel-efficient vehicles, according to the U.S. Energy Information Administration.  More »
alaska-pipeline

Enterprise abandons Bakken pipeline

The proposed line would have run 1,200 miles from the prolific oilfields of North Dakota to the oil transportation hub in Cushing, Oklahoma.  More »
A lawsuit claims that Goldman Sachs' involvement steered El Paso into Kinder Morgan's arms for a lower price than the company was worth. Photo: Richard Drew / AP

Big oil could chop $930B in projects as prices fall

Global oil markets could lose as much as 7.5 million barrels of crude over the next decade if sunken oil prices stall the slate of new oil and gas projects around the world, a new report says.  More »
(AP Photo / Alexander Zemlianichenko)

Ruble slides again as falling oil prices take toll

The ruble has lost half of its value this year. But the decline intensified in the past months as the economy came under pressure from Western sanctions and plunging oil prices.  More »
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