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Coal lost hold as dominant energy source in 2016
Natural gas use surpassed coal as a main source of electricity in the U.S. in 2016, the first time that a fuel other than coal has supplied the bulk of the nation’s power, according to...
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Average Houston gas price drops 1.6 cents
The average price for a gallon of regular gasoline on Sunday stood at $2.12, down about cents from one week ago, according to GasBuddy.com’s survey of more than 2,500 Houston-area gas stations. The price average is...
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Saudis say output cuts unlikely to last beyond June
Oil traded near $52 a barrel as Saudi Arabia’s energy minister said it was unlikely OPEC would extend its supply cuts beyond June and the U.S. drilling expansion paused. Futures were little changed in New...
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ConocoPhillips found what could be 300 million barrels of oil in Alaska
ConocoPhillips has found a new Alaskan oil vein 90 miles west of the prolific Prudhoe Bay field, one that may hold 300 million barrels of oil. The discovery could become a multibillion-dollar project that takes...
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Drilling rig count falls for first time since September
Activity in the oil patch took its biggest step backward since June with seven drilling rigs removed from oil fields throughout the U.S. The overall rig count fell this past week for the first time...
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