Fuel Fix

Money Roll

Eni 4Q results hit by refining losses

Losses from Eni’s gas and refining business contributed to a 10 percent drop in fourth-quarter profits, the company reported Wednesday.  More »
An Iranian oil worker repairs a pipe at an oil refinery in Tehran, Iran. The latest U.S. sanctions to be imposed on Iran have not only unveiled the depth of the country's economic woes, but exposed new fault lines within the government just two months before parliamentary elections that should bolster the control of the ruling clerics. (AP Photo/Vahid Salemi, File)

Analysis: US bid to crimp Iran oil sales stumbles

American attempts to get major Asian importers of Iranian oil to rein in their purchases are faltering as allies South Korea and Japan give U.S. officials a polite brushoff. Emerging giants India and China may even increase their purchases, further stymieing Washington’s efforts to force Iran to curtail its nuclear program.  More »
Senate Republican leader Mitch McConnell of Kentucky speaks with reporters following a weekly Republican policy luncheon, at the Capitol.   (AP Photo/J. Scott Applewhite)

Senate GOP seeks vote on Keystone amendment to highway bill

Senate Republican Leader Mitch McConnell indicated Tuesday that Republicans would push for a vote on a transportation bill amendment that would approve the Keystone XL pipeline.  More »

President Barack Obama (AP file)

Citing Keystone, drilling, Obama threatens highway bill veto

President Obama on Tuesday threatened to veto House Republican legislation that would reauthorize surface-transportation programs in part because the bill contains controversial energy-related provisions such as one that approves the Keystone XL pipeline.  More »
Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

Oil stays above $100 a barrel

Natural gas futures surged by 10 cents to finish at $2.53 per 1,000 cubic feet. Analysts say investors are betting that prices have dropped about as far as they’ll go, and they’ll eventually rebound.  More »
Interior Secretary Kenneth Salazar appears during a news conference in Boston for the Cape Wind offshore project in 2011. (Charles Krupa/AP file photo)

Salazar says fracking rules coming in ‘a few weeks’

Interior Secretary Ken Salazar said his department would formally unveil its highly anticipated rules for hydraulic fracturing on federal lands in just “a few weeks.”  More »
Fire boat response crews battle the blazing remnants of the Deepwater Horizon rig in the Gulf of Mexico in April 2010.  (Photo: HO/AFP/Getty Images)

Transocean, federal safety board battle over spill subpoenas

U.S. District Judge Lee Rosenthal set an April 11 hearing on a dispute between the U.S. Chemical Safety and Hazard Investigation Board and Transocean over whether the board has jurisdiction to subpoena documents related to the Deepwater Horizon disaster.  More »
(Photo: Flickr, Caston_Corporate)

CVR Energy should put itself up for sale

CVR Energy Inc., the oil-refining company that was taken public in 2007 by Goldman Sachs Group Inc., should put itself up for sale to gain benfits from higher gasoline prices, billionaire investor Carl Icahn said.  More »
The existing Keystone oil pipeline is constructed in North Dakota.   (Photo courtesy of TransCanada)

TransCanada hopes for 2015 Keystone startup date

TransCanada has pushed back the possible startup date of a controversial pipeline that would carry Canadian oil to refineries in Texas.  More »
(AP file photo/Mike Derer)

Don’t expect gasoline prices to go down any time soon

As the price of gasoline at the pump continues to soar nationally, Houston motorists can breathe a sigh of relief as prices remain a bit lower here.  More »
Dust permeates the air at a Chesapeake Energy Co. hydraulic fracturing operation at a well site near Carrizo Springs, Texas. (John Davenport/San Antonio Express News)

Midmarket Eagle Ford drillers have shot at funds

Midsize oil producers with solid track records in the Eagle Ford Shale will find it easier to borrow money, an expert said Monday at a series of seminars sponsored by the Texas Alliance of Energy Producers.  More »
The mobile offshore drilling unit Development Driller III at the Deepwater Horizon site on May 7, 2010. (U.S. Coast Guard file photo)

Judge tosses spill claims against BP contractor

A judge has dismissed all of the federal court claims against a BP PLC contractor sued over a deadly rig explosion and the massive oil spill it spawned in the Gulf of Mexico in 2010.  More »
The Trans-Alaska pipeline (Photo: BP)

Analyst says trans-Alaska pipeline flow can grow

Gov. Sean Parnell’s goal of nearly doubling the flow of oil through the trans-Alaska pipeline could be achieved over the next 10 to 15 years — but not without major fiscal and policy changes, a consultant said.  More »
Members of the Iran Navy participate in a 2011 drill in the Sea of Oman. (AP Photo/International Iran Photo Agency, Ali Mohammadi)

Iran may disrupt Hormuz shipping, supporting oil price

Iran might respond to sanctions with low-level provocation such as slowing shipping through the Strait of Hormuz, keeping oil prices at “their currently high level,” according to three Standard & Poor’s reports.  More »
Chevron's Genesis platform is shown in the Gulf of Mexico.  (AP Photo/Mary Altaffer)

Chevron-led Kazakh oil venture plans $6 billion drilling program

Chevron Corp. (CVX)’s Kazakh oil venture plans to spend $5 billion to $6 billion in the next five years drilling at Tengiz, the Central Asian country’s biggest producing field,to sustain output.  More »