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House Republicans ready bill to overturn methane rule
Congressional Republicans are not wasting any time going after former president Barack Obama’s climate change legacy. House Republicans are putting the final touches on legislation to overturn an Obama executive order limiting the amount of...
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Chevron: $500 million in 2016 losses, but “remarkable progress”
Chevron Corp., the first major U.S. oil company to report 2016 year-end earnings, posted losses of almost $500 million, its first annual loss since at least 1980. But the pain appears to be over: After...
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Oil heads for another week of gains
Oil headed for a second weekly increase as OPEC and other producing nations maintained they would achieve their target of cutting production to reduce bloated global inventories and stabilize the market. Front-month futures in New...
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Drillers face $43 billion cash shortfall in 2017, study says
North American drillers could face a $43 billion cash shortfall this year even with oil prices on the rise, according to a new study. U.S. shale drillers and Canadian producers would need oil prices to...
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Market Currents: OPEC hits the brakes
As production cut hopes are stoked once again, crude is pushing higher on this fourth day of the fourth week of January. While prices ultimately just pinging around in a range-bound fashion, hark, here are five...
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