Fuel Fix

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Oil rises to near $107 after US crude supply drop

Oil prices rose to near $107 a barrel today in Asia after a report showed U.S. crude supplies fell unexpectedly, a sign demand may be improving.  More »
Senate Majority Leader Harry Reid, D-Nev.

Reid says measure coming “soon” on axing oil, gas tax breaks

Senate Majority Leader Harry Reid, D-Nev., says the Senate soon will consider a measure on repealing oil and gas industry tax breaks, a priority of President Obama’s.  More »
ExxonValdez

Exxon Valdez to be junked years after giant oil leak

Now called the Oriental Nicety, the vessel was sold for about $16 million.  More »
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Oil drops on Saudi supply promise

Benchmark U.S. crude fell $2.48 to $105.61 per barrel.  More »
(Lisa Poole / AP2009)

Report: Phillips 66 to build new headquarters inside Beltway 8

The independent refiner set to spin off from ConocoPhillips this year will build a new office within the Sam Houston Parkway, according to a local real estate blog.  More »
A security guard blocks a shot of the bankruopt Solyndra in a public area, in Fremont, Calif., Friday, Sept. 16, 2011. (AP Photo/Paul Sakuma)

Mismanaged energy loans too solar-focused, Republicans say

The U.S. Energy Department mismanaged stimulus programs, putting taxpayer dollars at risk, according to two Republican reports released at a hearing where lawmakers debated who is responsible for rising gasoline prices.  More »
Prices for three grades of gasoline are posted in front of a service station Wednesday, Feb. 22, 2012, in Bellevue, Wash., near Seattle. (AP Photo/Elaine Thompson)

Industry group: Obama should help lower gas prices

President Barack Obama could lower gas prices by opening up more federal land and offshore areas for oil drilling, American Petroleum Institute President Jack Gerard said today.  More »
BLM Director Bob Abbey addresses the audience. (Photo: Grand Canyon NPS)

Feds: Fracking rules in April; no decision on onshore royalties

The Interior Department has not made any final decision on raising the royalty rate for oil-and-gas production on federal lands, Bureau of Land Management Director Bob Abbey said Tuesday. Abbey also said his agency hoped to unveil its impending rules for hydraulic fracturing on federal lands in April.  More »
Enterprise Products Mont Belvieu complex (Dave Rossman/For the Houston Chronicle)

Enterprise to add new fractionating capacity at Mont Belvieu complex

Enterprise Products Partners will add the seventh and eighth liquid natural gas fractionators at its Mont Belvieu complex, bringing the capacity there to 610,000 barrels per day.  More »
A Chevrolet Volt undergoes a quality inspection on the production line at a General Motors assembly plant in Michigan on Nov. 30, 2010. (AP file photo/Paul Sancya)

Electric car supporters fight back against GOP attacks

After a year’s success in casting bankrupt solar maker Solyndra as the prototype for President Obama’s energy policies, Republicans now are targeting what they have dubbed “Obamacars.”  More »
Oil pumps work at sunset Monday, Jan. 2, 2012, in the desert oil fields of Sakhir, Bahrain, in the Persian Gulf. (AP Photo/Hasan Jamali)

UAE to build LNG terminal that bypasses key strait

An energy company in the United Arab Emirates said Tuesday it is developing a terminal to receive liquefied natural gas supplies on the country’s eastern coast, bypassing the strategically sensitive Strait of Hormuz.  More »
(Photo: Brian Turner/Flickr)

Steffy: Judge calls for `minimum of sealed records’ in BP Atlantis case

While the ongoing settlement issues involving BP and business owners hurt by the Deepwater Horizon spill still dominate the news, a judge in another BP legal battle has thwarted the company’s attempt to keep much of the evidence in that case hidden.  More »