A new report from the U.S. Energy Information Administration found that average well drilling and completion costs last year had fallen 25 to 30 percent below 2012 prices – the high point of the last decade.
With gasoline prices at their lowest point for the Easter weekend since 2004, holiday travelers have something to cheer about. But they better fill up their tanks fast.
Bad loans are likely to outnumber good ones soon in the U.S. oil patch, an indication of the pressure on energy companies and their lenders from the crash in prices.
U.S. corn producers may have found two unlikely allies in their decade-long battle with big oil to get ethanol into the nation’s fuel stream: automobile manufacturers and American drivers.
A collapse in oil revenues available to Islamic State is likely to have made it increasingly dependent on donations from wealthy Gulf states and profits from foreign exchange markets, the first UK inquiry into the terror group’s funding has heard.
The United States will probably consume a record amount of gasoline in 2016, passing the previous peak set in 2007, and the prospect is helping lift crude oil prices.
With a crucial midterm review of federal fuel-economy rules to begin this summer, automakers are expected to seek adjustments to the government’s formula for increasing mileage and cutting greenhouse gas emissions.
Saudi Aramco, the state oil company of OPEC’s most powerful player, recently announced plans to take full control of the sprawling Port Arthur, Texas refinery. The Gulf Coast facility is the largest refinery in the U.S. and can process 600,000 barrels of oil a day.
A state program that aims to make clean vehicles more accessible to California drivers will soon implement increased incentives for low- and moderate-income consumers.
If you look around your neighborhood, you will probably find that people who are buying premium gas are getting hosed at the pump.
