Archives for July 2016
House Republicans subpoena documents from N.Y., Mass. in Exxon climate change probe
WASHINGTON – House Republicans led by Rep. Lamar Smith of Texas issued subpoenas Wednesday to New York and Massachusetts attorneys general over the ongoing probe into whether Exxon Mobil lied to the public and its...
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Report: Cost cuts have helped Texas shale drillers find profits
HOUSTON – The relentless cost-cutting that dissolved a third of the Texas petroleum workforce over the past two years has brought the cost of pumping shale oil in the state down to $41 a barrel,...
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Glut of fuels offsets falling U.S. crude inventory
The surging supplies of fuels and refined products are developing even with near-record U.S. gasoline consumption. Source: FuelFix
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Marathon Oil sued over use of workers’ health care funds
Marathon Oil Co. is accused in a lawsuit of teaming up with an insurance company to embezzle Marathon employee health care funds. The suit, filed by Redoak Hospital in U.S. District Court in Houston, alleges...
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OPEC helps Middle East oil production set record as U.S. lags, IEA says
Oil production from the Middle East has climbed to a record while U.S. output has slumped, the International Energy Agency said, in a sign that OPEC’s strategy of defending market share is succeeding. Middle Eastern...
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