Fuel Fix

Sen. Ted Cruz, R-Texas, speaks about energy at the Heritage Action for America 2014 Conservative Policy Summit at the Heritage Foundation in Washington. (AP Photo/Charles Dharapak)

Cruz to push crude exports

Sen. Ted Cruz is set to offer a proposal to lift the 40-year-old crude export ban, despite skepticism from both critics and supporters of the trade restrictions.  More »
(Photographer: Stephen Hilger/Bloomberg News.)

U.S. benchmark oil briefly trades above international oil

Both crudes looked to settle lower on the day and to extend a run of steep losses.  More »
(Photo: Johnny Hanson/Houston Chronicle file photo)

Halliburton cuts jobs in Houston

Halliburton Co. said Tuesday it has cut jobs in Houston because of weakening market conditions as oil prices slide but refused to say how many employees were let go.  More »

(AP Photo/Williston Herald, Jerry Burnes, File)

Ratings agencies warn of U.S. oil company, Venezuelan defaults

Fitch Ratings said it expects the default rate for U.S. energy junk bonds to rise from 0.7 percent over the next few years, though it didn’t forecast a specific rate.  More »
(Eddie Seal/Bloomberg)

EIA: Brent will average $58 in 2015, $75 in 2016

The EIA also forecast low gasoline prices for the next few years..  More »
(Photographer: Daniel Acker/Bloomberg)

Enbridge to build Gulf of Mexico pipeline

Enbridge Inc. has announced it will build an offshore crude oil pipeline extending to Hess Corporation’s Stampede Gulf of Mexico project.  More »
API President and CEO Jack Gerard at CERAWeek in March 2014 (Photographer: F. Carter Smith/Bloomberg)

Oil group to focus on midstream issues

The American Petroleum Institute’s decision to create a new midstream department focusing on that segment of the oil and gas industry follows the lead of regulators, executives and environmentalists who also are increasingly involved in energy infrastructure.  More »
(Brittany Sowacke/Bloomberg)

Swift Energy cuts annual budget 75 percent

Swift shares have fallen 79 percent since June 20, when oil prices peaked in 2014.  More »
(AP file photo/Hasan Jamali)

U.A.E. sees oil drop hurting shale drillers, not OPEC

The Persian Gulf nation will stick with a plan to boost its capacity to 3.5 million barrels a day in 2017, in spite of the global supply glut.  More »
U.S. Oil Rigs Increase Exploration, Defying Predictions

Oil drops below $45; U.S. stockpiles may speed collapse

Goldman Sachs Group Inc. said crude needs to drop to $40 a barrel to “re-balance” the market, while Societe Generale SA also reduced its price forecasts.  More »
Senate Majority Leader Mitch McConnell (R-KY) (2-L) speaks to the media after the Republican policy luncheon at the U.S. Capitol, January 7, 2015 in Washington, DC. Leader McConnell spoke about various issues before the Senate including the Keystone Pipeline. Also pictured is (L-R), Sen. Roger Wicker (R-MS), Sen. John Barrasso (R-WY) Sen. John Thune (R-SD), Sen. Roy Blunt (R-MO), and Sen. John Cornyn (R-TX). (Photo by Mark Wilson/Getty Images)

On Senate’s to-do list: Keystone, climate change, crude exports

The Senate is gearing up to debate a host of energy industry priorities to start 2015.  More »
(JEFF PACHOUD/AFP/Getty Images)

AAA: $2 gasoline hits almost a dozen states

The price for a gallon of gasoline in Texas has fallen 8 cents since Jan. 5 to reach $1.90, AAA said.  More »
(Photographer: Eddie Seal, Bloomberg)

Investment firm lays off 150 employees from oil field companies

OFS Energy’s layoffs come after oil field service companies like Halliburton and Hercules Offshore have announced sizable layoffs in November and December.  More »
FRACKING SAND

Sand boom headed for uncertainty, Moody’s says

With crude prices down more than 55 percent since the summer of 2014, sand producers are facing uncertainty about how much of the material will be needed in the next few years.  More »
A section of the Alyeska Pipeline Service Company 800 mile Trans Alaska Pipeline crosses a mountain ridge near Delta Junction, Alaska, Wednesday, August 17, 2005.  (Photographer: Daniel Acker/Bloomberg News)

Despite declining oil prices, $45 billion Alaska LNG export project moves forward

The project aims to extract North Slope natural gas and move it through an 800-mile pipeline for loading onto tankers bound for Asia.  More »
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