Fuel Fix

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IEA cuts world oil-demand forecast

The International Energy Agency slashed its forecasts for global oil demand in 2013, predicting the weakest consumption in Europe since the 1980s.  More »

BHP pushes domestic use of US shale oil and gas

BHP Billiton Ltd. (BHP), the biggest mining company, said the shale boom in the U.S. will spur an industrial revival, as legislators continue debate over exporting the nation’s shale bounty.  More »
Gina McCarthy, nominated to head the Environmental Protection Agency, speaks at a climate workshop. (Alex Brandon/AP)

EPA nominee McCarthy faces tough questions at Senate hearing

President Obama’s pick to lead the Environmental Protection Agency, Gina McCarthy, is facing tough questions today as she sits before a Senate panel. Read live coverage from inside her Senate confirmation hearing in Washington D.C.  More »

BP shareholders urge stronger fight against ‘extortionate’ Gulf spill claims

Angry British shareholders of oil giant BP urged the company Thursday to be more forceful in its legal fight against tens of billions of dollars in claims still being asserted by the U.S. government and several Gulf states affected by the 2010 oil spill. One suggested BP boycott Walt Disney World in Florida to get Americans “to come to their senses.”  More »

Fracking doesn’t cause significant earthquakes, study says

Hydraulic fracturing used to access oil and gas from rock and shale hasn’t caused “significant” earthquakes, according to a study by Durham University.  More »
Oil pumps work at sunset Monday, Jan. 2, 2012, in the desert oil fields of Sakhir, Bahrain, in the Persian Gulf. (AP Photo/Hasan Jamali)

Iran’s crude exports declining due to sanctions, IEA says

Iran’s crude exports declined in March to the lowest this year as international sanctions aimed at the Persian Gulf country’s nuclear program and weaker global demand cut purchases, the International Energy Agency said.  More »
Barack Obama

Obama budget hints sale of largest public utility

The Obama administration’s 2014 budget is calling for a strategic review of the Tennessee Valley Authority, opening the possibility that the largest U.S. public utility could be sold.  More »
The Occidental Petroleum headquarters in Los Angeles. (AP file photo/Reed Saxon)

Occidental chariman should be ousted, proxy adviser says

Occidental Petroleum Corp. investors should remove Chairman Ray Irani, proxy adviser Institutional Shareholder Services said, following a board decision to replace Chief Executive Officer Stephen Chazen.  More »

Court revives natural gas price manipulation suits

The energy firms are accused of manipulating prices from 2000 to 2002.  More »

Obama budget would end oil industry tax breaks, hike royalties

In his $3.8 trillion spending plan unveiled Wednesday, President Barack Obama revived his longstanding attack on oil industry tax breaks and formally launched a plan to pay for alternative vehicle research, drawing outrage from industry leaders who said Obama was seeking to use the sector as a piggy bank.  More »
(AP file photo/Rick Bowmer)

Mine construction halted on low coal demand

Haystack Coal Co. has suspended construction of a coal mine in southwestern Wyoming, blaming poor demand for coal.  More »
(Photo: Zach Heller Photography)

Texas legislators consider water recycling mandates

In response to concerns about the volumes of of water used in hydraulic fracturing, two bills before the state Legislature would require water recycling at the state’s oil and gas wells.  More »