Fuel Fix

An oil pump jacks sits on a Osage County ranch in Oklahoma. (Mayra Beltran/Houston Chronicle)

Crude prices tank after oil supply added nearly 2 million barrels

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Categories: Crude oil, featured
Crude oil prices opened lower and continued to fall in Wednesday trading, as the markets parsed new data showing the oversupply of crude isn’t about to evaporate.

Crude prices tank after oil supply added nearly 2 million barrels

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Categories: Crude oil, featured
An oil pump jacks sits on a Osage County ranch in Oklahoma. (Mayra Beltran/Houston Chronicle)
Crude oil prices opened lower and continued to fall in Wednesday trading, as the markets parsed new data showing the oversupply of crude isn’t about to evaporate.
(Photographer: Andrey Rudakov/Bloomberg)

Shell moves forward on major Gulf of Mexico platform

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Shell said it authorized the major project after finding 20 percent in cost reductions and determining that it will produce a profit as long as the global benchmark for oil prices stays above $55 a barrel.

The fuel efficient Porsche Panamera S E-Hybrid can run on gas, electric power, or on both functioning together. The hybrid was on display at the Houston Auto Show Wednesday. (Marie D. De Jesus/Houston Chronicle)

Houston Auto Show electrifies some before they know it (photos)

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As car enthusiasts streamed past sparkling SUVs and sleek coupes at the Houston Auto Show on Wednesday, some found themselves sitting in electric cars without even knowing it.
T. Boone Pickens speaks at the 2014 LNG Conference Jan. 22, 2014, in Houston.  (Eric Kayne/For the Chronicle)

Pickens criticizes push to lift ban on US crude exports

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T. Boone Pickens, one of the country’s biggest cheerleaders for natural gas, is unenthusiastic about the idea of removing bans of the export of crude oil, saying that the U.S. should instead focus on reducing its dependence on foreign oil, especially from the Middle East.
Categories: Crude oil, Markets

(Photo: Loozrboy/Flickr)

Koch ends plans for pipeline to Illinois from Bakken

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Koch Pipeline Co. called off plans to build a 250,000-barrel-a-day crude line to Illinois from North Dakota’s Bakken formation, where a shale boom has helped lift domestic production to the highest in a quarter-century.
Categories: Pipelines, Shale
US Secretary of Energy Ernest Moniz speaks during a meeting at the National Industry Confederation headquarters in Brazil on August 16, 2013. (Evaristo SAEVARISTO SA/AFP/Getty Images)

Moniz: Natural gas risks can be ‘managed’

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Environmental concerns surrounding domestic natural gas production are surmountable, Enregy Secretary Ernest Moniz said Wednesday.
Kurt Mix (center) arrives at the Hale Boggs Federal Building in New Orleans, Tuesday, Dec. 3, 2013.  (AP Photo/Jonathan Bachman)

Ex-BP engineer to seek judge’s recusal from case

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Lawyers for a former BP engineer convicted of trying to obstruct an investigation of the company’s 2010 Gulf oil spill plan to seek the disqualification of the federal judge who presided over the trial last month.
(AP Photo/Matthew Brown)

Drug case highlights underside of Bakken boom

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Authorities seeking to curb rising crime rates within once-quiet rural communities along the Montana-North Dakota border.
A crewman directs a pipe on a site for TransCanada's Keystone XL project in Wood County, Texas, in 2012. (Cody Duty / Houston Chronicle)

Keystone XL helps crude prices rise

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Natural gas futures shot up almost 6 percent as temperatures in many parts of the Northeast dropped.