Fuel Fix

Saudi King Abdullah (AP Photo/Brendan Smialowski, Pool, File)

King Abdullah: Saudi Arabia will keep ‘solid will’ as oil prices falling

The speech comes amid speculation about the 90-year-old king’s health after he was admitted to the hospital for pneumonia.  More »
(AP Photo/Charles Rex Arbogast, File)

Antero Resources to lay off more than 250 contract brokers

An Antero representative says prices for natural gas liquids have been affected by a drop in crude oil prices.  More »
(Ty Wright/Bloomberg)

Oil below $60 tests economics of U.S. shale boom

The U.S. shale boom that’s brought the country closer to energy self-sufficiency than at any time since the 1980s will be challenged in 2015 as never before.  More »
Rig hands work at a oil drilling site in Knox County, Ohio, (Ty Wright/Bloomberg file)

Oil company cuts spending but expects production growth

Concho is the latest U.S. oil company to hack its 2015 spending.  More »
Dan Patrick, Republican candidate for Lt. Governor addresses supporters during an election night watch party at the Norris Conference Center on Tuesday, Nov. 4, 2014, in Houston. (Smiley N. Pool/Houston Chronicle)

Incoming Lt. Gov. Patrick vows tax relief despite oil prices

Patrick acknowledged Monday that the slowdown of the oil and gas industry is impacting sales tax collections that give lawmakers spending power.  More »
A rig works in the Marcellus Shale. (Andrew Harrer/Bloomberg)

Texas, U.S. rig count declines

The number of rigs operating in North America declined by 29 last week to 1,811, marking the fourth consecutive weekly decrease for the count, published by oilfield service company Baker Hughes.  More »
(Brittany Sowacke/Bloomberg)

U.S. benchmark crude falls below $50 for first time in 5 1/2 years

Brent slumped 48 percent last year, the most since the 2008 financial crisis, as OPEC resisted calls to cut output amid a battle with U.S. shale producers for market share.  More »
(ConocoPhillips)

ConocoPhillips sees first oil from Norwegian startup field

The company is pumping new barrels of oil in Norwegian waters as oil prices have fallen by more than half since June.  More »
Sen. Chuck Schumer, D-N.Y.   (AP Photo/J. Scott Applewhite)

Democrats plan Keystone XL counterattack

Republicans are planning an all-out blitz for the Keystone XL pipeline, but Democrats are vowing a vigorous defense.  More »
Sen. James Inhofe, R-Okla. (AP Photo/Lauren Victoria Burke, file)

New Senate chairmen aim to undo Obama’s policies

The likely ascent of Oklahoma’s James Inhofe, 79, represents one of the biggest sea changes on a Senate committee with Republicans in charge.  More »
(LEON NEAL/AFP/Getty Images)

Libyan fighter jets bomb Greek tanker ship, killing 2

Libya is split between a United Nations-recognized government in the east and Islamists who control Tripoli in the west.  More »
(Jerry Lara/San Antonio Express-News)

Oil extends decline from 5 1/2-year low as glut persists

Brent slumped 48 percent last year, the most since the 2008 financial crisis, as OPEC resisted calls to cut output amid a battle with U.S. shale producers for market share.  More »
A photo of a proposed wilderness area in Southern Utah. Anadarko Petroleum Company's plan to drill new natural gas wells in an area of the Uintah basin has been praised by some environmentalists for its incorporation of feedback from concerned parties. (Ray Bloxham/Southern Utah Wilderness Alliance)

Utah gears up for lands fight as deadline passes

A Utah state report found that oil and gas leases would allow Utah to afford the $280 million annual cost of managing the land, but only if those prices remained high.  More »
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Commentary: Protecting World Heritage sites should be oil industry resolution for 2015

Only Royal Dutch Shell and Total have publicly committed to not carry out or support extractive activities in World Heritage sites.  More »
A pumpjack operates at the Inglewood Oil field in Los Angeles. (Patrick T. Fallon/Bloomberg)

Oil driller laying off 700 in California

Ensign Energy Services told state authorities the layoffs, expected to start Dec. 15, 2014, come because of circumstances beyond its control.  More »