Fuel Fix

An Iranian man walks past a mural displaying the Iranian map adorned in the colours of the country's national flag, on June 29, 2015 in Tehran. Despite agreeing the outlines of a nuclear agreement on April 2, the final talks between Iran and six powers led by the United States on turning it into a binding accord have hit difficulties on reaching a deal which would lift sanctions, paving the way for foreign investment to flow back, in exchange for curbs on Iran's nuclear activities. AFP PHOTO/BEHROUZ MEHRIBEHROUZ MEHRI/AFP/Getty Images

China urges U.S.-Iran compromise 36 hours to nuclear deadline

on
After almost two years of negotiation, diplomats are closer than ever to sealing an accord that would return energy-rich Iran to world markets while giving regional rivals guarantees that the Islamic Republic’s nuclear work can’t be used to make weapons.

China urges U.S.-Iran compromise 36 hours to nuclear deadline

on
An Iranian man walks past a mural displaying the Iranian map adorned in the colours of the country's national flag, on June 29, 2015 in Tehran. Despite agreeing the outlines of a nuclear agreement on April 2, the final talks between Iran and six powers led by the United States on turning it into a binding accord have hit difficulties on reaching a deal which would lift sanctions, paving the way for foreign investment to flow back, in exchange for curbs on Iran's nuclear activities. AFP PHOTO/BEHROUZ MEHRIBEHROUZ MEHRI/AFP/Getty Images
After almost two years of negotiation, diplomats are closer than ever to sealing an accord that would return energy-rich Iran to world markets while giving regional rivals guarantees that the Islamic Republic’s nuclear work can’t be used to make weapons.
(Photo by Eddie Seal for Bloomberg News)

U.S. oil rig count jumps up by a dozen, the first increase in 2015

on
The amount of U.S. rigs drilling for oil increased for the first time this year after 29 consecutive weeks of declines.
The Chinese flag blows in the wind as hundreds of people walk along the Bund boardwalk by the Huangpu river in Shanghai, China. (Paula Bronstein/MCT)

China, India increasingly drive global energy demand

on
China and India are increasingly driving world energy demand as the United States’ production boom puts it on track to become independent of the global market, the International Energy Agency said Tuesday.
Categories: Asia, Markets
An ethanol plant stands next to a cornfield near Nevada, Iowa. (AP Photo/Charlie Riedel)

The secret, dirty cost of Obama’s green power push

on
In 2007, presidential candidate Barack Obama made homegrown corn a centerpiece of his plan to slow global warming. But the ethanol era has proven far more damaging to the environment than politicians promised and much worse than the government admits today.
Categories: Biofuels, featured

The lobby of the Baker Hughes office in Houston. (Julio Cortez / Houston Chronicle)

Baker Hughes suspends Iraqi operations after local protest

on
Baker Hughes has suspended operations in Iraq after local residents held a protest near one of its subsidiary’s facilities on Saturday, the company said Monday.
Categories: Asia, Safety/Security
Tim Cutt, president of petroleum and potash for BHP Billiton (BHP Billiton)

Shale business brings ‘growth engine’ to BHP Billiton, exec says

on
BHP Billiton plans to spend two-thirds of its petroleum budget on U.S. shale in coming years, but the Australian natural resources giant knows that the biggest returns come from replicating low-cost production over and over.
Categories: Production, Shale
A jar holding waste water from hydraulic fracturing is held up to the light at a recycling site in Midland, Texas. (AP Photo/Pat Sullivan)

More oil and gas drillers turn to water recycling

on
Drillers have found a way to get by with much less water: They recycle it using systems that not long ago they may have eyed with suspicion.
(construct/Flickr)

Carlyle seeking $7B for energy by 2015 to meet demand

on
Carlyle Group LP, the world’s second-biggest manager of alternative investments to stocks and bonds, plans to raise $7 billion for energy funds in the next two years.
Categories: Finance/Earnings
(Photo: Fotolia)

Oil tops $95 as Iran talks stall; pump price lower

on
Six key powers are considering a gradual rollback of sanctions that have crippled Iran’s economy.
Categories: Crude oil