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.

A worker sends signals to the oil derrick platform at the Spindletop reservoir's newly operational drilling site on Monday, December 23, 2013.
(Guiseppe Barranco/The Beaumont Enterprise)

A new life for Spindletop (photos)

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Hard-hatted roughnecks returned to Spindletop this week, aiming to make another historic strike on the storied grounds.
(AP file photo/Grand Forks Herald, Eric Hylden)

North Dakota requires companies to report pipeline locations

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Thousands of miles of underground gathering pipelines in North Dakota are being mapped under new rules that require companies to report the locations to the state, a change that is being hailed by regulators, industry and the state’s biggest landowner group.
Categories: General

Greenpeace activist  Ruslan Yakushev of Ukraine behind bars speaks to a supporter in a court room in Murmansk, Russia, on Thursday, Sept. 26, 2013.  A Russian court on Thursday jailed Yakushev who was part of the 30-member  team of environmental activists protesting near an oil platform last week. Two members of the group were detained Sept. 18 in their attempt to scale the Russian Arctic platform. The Coast Guard seized Greenpeace's ship the next day and towed it with the 30 activists aboard, to Murmansk. The activists are being investigated for piracy. (AP Photo/Efrem Lukatsky)

Russia dropping criminal charges against 30 Greenpeace protesters

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Russia’s Investigative Committee is dropping criminal charges against all 30 Greenpeace activists arrested in September for a protest against Arctic oil drilling by state-run OAO Gazprom, the group said.
Categories: Arctic, Environment, Offshore
A BP company logo sits on display on the forecourt of a gas station operated by BP in London. (Chris Ratcliffe/Bloomberg)

Judge rules against BP’s efforts to stem payments

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A federal judge on Tuesday denied BP’s months-long efforts to stem settlement payments to oil spill claimants it says were not harmed by the 2010 Gulf of Mexico disaster.
Categories: Gulf of Mexico
(AFP PHOTO / CARL COURTCARL COURT/AFP/Getty Images)

Ex-official rejects BP ad’s ‘distorted’ claims

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Two former top officials at the settlement program for compensating victims of BP’s 2010 Gulf oil spill say their recent resignations had nothing to do with the company’s allegations that they frequented a New Orleans strip club that received a settlement award.
Categories: Gulf oil spill
Greenpeace International activist Anthony Perrett from the United Kingdom leaves a SIZO detention center in Saint Petersburg, Russia after being released on bail. Russia has closed the criminal case against Perrett, one of the 30 crew members of a Greenpeace ship who were charged with hooliganism over a protest against Gazprom oil drilling in the Arctic, the group said on December 24, 2013.  (AFP PHOTO / OLGA MALTSEVAOLGA MALTSEVA/AFP/Getty Images)

Russia grants Greenpeace activist amnesty

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One of the Greenpeace activists detained in Russia’s Arctic has been granted amnesty, the environmental group said Tuesday.
Categories: Arctic, Legal issues
(Image: Fotolia)

Crude oil edges above $99, adding to recent gains

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Oil prices are up around 7 percent so far in December and on track to finish the year with a gain.
Categories: Crude oil, Markets