Houston gas prices continue to drop
Average gasoline prices in Houston fell about a penny over the past week to $2.07 a gallon, keeping the cost of gas well below the national average, according to GasBuddy.com, a website that tracks gasoline...
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With gasoline glut, more going overseas
The biggest gasoline market in the U.S. is bursting at the seams. Traders are lining up to export gasoline and diesel from New York Harbor, an area that normally relies on fuel imports from Europe...
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Shell on buying spree
The giant tankers anchored along the Scottish coast in the Firth of Forth weren’t going anywhere. They were just providing floating storage because there was no demand for their cargo, North Sea crude oil. But...
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Texas adds 16 rigs, but panhandle wins; only 2 in Permian
The number of oil and gas rigs in U.S. fields rose for the fifth straight week, another sign of optimism in the industry, despite stagnating oil prices. This week’s count jumped 10, a boom of...
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Enbridge on track to close Spectra acquisition in March
Canadian pipeline giant Enbridge is on track to close its $28 billion acquisition of Houston-based Spectra Energy in March as originally planned, the companies said. They confirmed the U.S. Federal Trade Commission signed off on...
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