Apache optimistic about U.S. shale as profits slip
Apache Corp. reiterated plans to double down on its positions in prolific U.S. shale plays even as crude prices continued to fall and the company’s profits slipped from last year. More »
Plains to buy half of BridgeTex in $1.1 billion deal
The pipeline is a major artery for the basin with a capacity of 300,000 barrels per day of crude. More »
OPEC’s weak links feeling pain
While the Saudi Arabia is as flush with cash as ever, the finances of some fellow OPEC members are deteriorating quickly. More »
Libya’s biggest oilfield to resume output soon, official says
Sharara was shut as a precaution after gunmen stormed the on-site production compound. More »
Plains All American profits up 40 percent
Plains All American said its third-quarter profit shot up 40 percent, but the company was cautious in setting its 2015 goals More »
Oil rises after inventory report
Oil for December delivery rose $1.49 to settle at $78.68 a barrel on the New York Mercantile Exchange. More »
Swiss prosecutors contact oil traders in Nigeria fuel scam probe
Fraudulent payments related to subsidized fuel imports are estimated to cost the continent’s biggest economy as much as $7 billion a year. More »
Saudis recall 1998 showdown in taking on U.S. shale rivals
To win the showdown, the Saudis are trying to bring OPEC’s weaker members in line before the Nov. 27 meeting of the organization. More »
OPEC oil basket price falls below $80 to least in 4 years
U.S. oil production rose to the highest in at least 31 years amid slowing global demand, helping drive crude into a bear market last month. More »
BHP Billiton to export condensate overseas
BHP Billiton is preparing to export a processed, ultra-light oil overseas without the government’s explicit authorization — a move likely to be mimicked by other energy companies eager to sell crude to foreign buyers. More »
EOG profit doubles on low-cost wells even as oil price falls
CEO William Thomas boosted EOG’s growth target for oil even in the face of a market slump More »
White House monitoring oil drop, no action seen on reserves
West Texas Intermediate touched $75.84 a barrel, the lowest intraday price since Oct. 4, 2011 as Saudi Arabia price cuts deepened a selloff in crude. More »
- The award-winning team behind FuelFix.com:
business editor
asst. business editor
policy reporter
energy reporter
energy reporter
energy reporter
energy reporter
Follow Us:
© 2014 Hearst Communications Inc.