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
Yellow oil barrels

U.S. cold, Chinese growth help lift oil above $102

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The price of oil stayed above $100 a barrel Tuesday on expectations cold weather in the U.S. and steady Chinese growth will underpin demand.
Categories: Crude oil, Markets
A worker climbs to the drilling cabin on a Nabors rig. (Nathan Lindstrom/For the Houston Chronicle)

Nabors quadruples takehome in fourth quarter

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Rig contractor Nabors Industries Ltd. posted quadrupled fourth-quarter profits Tuesday on increased international drilling and a thaw in colder U.S. markets.
Categories: Finance/Earnings

(Houston Chronicle file photo)

Exxon-backed system to curb gas leaks at plants

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Exxon Mobil Corp. said this week that a new leak detection system it has tested at facility in Qatar will be available for sale to other companies.
A crane stands next to Petroleos Mexicanos (Pemex) signage displayed on the company's La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug.30, 2013.  (Susana Gonzalez/Bloomberg)

Pemex plans to bid on deepwater in initial auction

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The CEO of Mexico’s national oil company says Petroleos Mexicanos will keep a hand in deep-water and complex onshore plays as new energy policy breaks its monopoly hold on oil and gas drilling in the country.
(James Nielsen/Houston Chronicle)

Pennsylvania settles Halliburton case for $1.8 million

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The state said Halliburton’s Homer City facility stored, treated and transported hydrochloric acid without obtaining proper permits between 1999 and 2011.
Categories: Environment
Duke Energy employees work on power lines in Charlotte, N.C.  AP Photo/Chuck Burton, File)

Duke earnings rise 58 percent in 4th quarter

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Duke Energy Corp., based in Charlotte, N.C., is the nation’s largest electric utility.
Categories: General
(StockMonkeys.com/Flickr)

Why rising gasoline taxes worry the fuel sector

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A growing number of drivers are paying higher prices at the pump, as lawmakers across the country continue to view gasoline taxes as a handy way to pay for highway projects.
Categories: featured, Gasoline, Premium