Fuel Fix

In this Dec. 17, 2014 photo, workers tend to oil pump jacks behind a natural gas flare near Watford City, N.D. Natural gas, the nation's most prevalent heating fuel, is getting cheaper just as winter is arriving because of mild temperatures and plentiful supplies. (AP Photo/Eric Gay)

U.S. oil output still barreling toward 45-year record

on
U.S. oil production edged down in May and will likely continue swooning until early next year as plunging crude prices continue to pummel domestic producers, according to a new federal report.

U.S. oil output still barreling toward 45-year record

on
In this Dec. 17, 2014 photo, workers tend to oil pump jacks behind a natural gas flare near Watford City, N.D. Natural gas, the nation's most prevalent heating fuel, is getting cheaper just as winter is arriving because of mild temperatures and plentiful supplies. (AP Photo/Eric Gay)
U.S. oil production edged down in May and will likely continue swooning until early next year as plunging crude prices continue to pummel domestic producers, according to a new federal report.
Low clouds blanket Anchorage, Alaska, east of downtown, on Friday morning, December 7, 2012. An optical illusion known as Fata Morgana distorts the view of the mountains west of Cook Inlet. Alternating warm and cold layers of air bend light to create the effect. (Marc Lester/Anchorage Daily News/MCT)

Hilcorp acquires Exxon Mobil subsidiary’s Alaska assets

on
The new deal is part of Hilcorp’s expansion in the state. The company arrived four years ago and has since become a major player in oil and gas in Cook Inlet and the North Slope.
Categories: featured, General

John Podesta, shown in 2009. (AP Photo/Eric Jamison, File)

Keystone foe John Podesta joins Obama inner circle

on
John Podesta’s return to the White House places an opponent of the Keystone XL pipeline within President Barack Obama’s inner circle as the administration weighs whether to approve the project.
Former BP engineer Kurt Mix leaves the federal courthouse after a hearing in Houston in 2012. (AP Photo/Pat Sullivan, File)

Judge denies mistrial request in spill case

on
A New Orleans judge ordered jurors to disregard some testimony, but declined to declare a mistrial in the case of a former BP drilling engineer from Katy who is accused of obstruction of justice in the aftermath of the 2010 Gulf of Mexico oil spill.

(Image: Fotolia)

Oil rises above $98 on hopes for greater demand

on
The price of oil rose Tuesday amid optimism over an improving U.S. economy and encouraging data from China.
Categories: Crude oil, Markets
Sapphire Energy's algae farm in Columbus, N.M.(Sapphire Energy)

Green oil? Phillips 66 strikes a deal to develop it

on
A small San Diego company is teaming up with the largest U.S. oil refiner to bring an algae-based crude closer to market.
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)

‘Groundbreaking’ Mexico energy overhaul would end Pemex monopoly

on
Mexico’s energy sector has been largely sealed off from foreign investment for the better part of a century, but historic legislation, proposed over the weekend, may change that.
Categories: Latin America, Premium
(AP Photo/Toby Talbot, File)

Renewable energy to soar on Texas grid, report says

on
Renewable energy could supply more than 40 percent of the electricity for Texas by 2032, according to a report issued Tuesday.
Categories: Electricity
A customer puts fuel in his vehicle at a Shell gas station in Peoria, Illinois. (Daniel Acker/Bloomberg)

Exports of diesel, heating oil jump 30%

on
U.S. exports of diesel and other distillate fuels reached a monthly record in July as global demand for fuel grows, according to new federal data.
Categories: Gasoline, General, Refining