Weekly U.S. Oil-Rig Count Falls by 11
The number of U.S. oil-drilling rigs, viewed as a proxy for activity in the sector, has fallen sharply since oil prices began to fall. But it hasn’t fallen enough to Continue Reading
Chevron to Cut More Jobs as It Reports Wider-Than-Expected Loss
Chevron reported its quarterly results Friday. Chevron Corp. on Friday said it would cut another 1,000 jobs as it reported a wider-than-expected loss as oil prices continued to languish during Continue Reading
Oil opposition grows on both U.S. shores
Seattle activists who took on Shell offshore Alaska turned their eye to Exxon, while opponents on the east coast raised objections to ongoing energy work there. Activists from 350 Seattle Continue Reading
Report: U.S. wind energy sector booming
With the industry reporting one of its strongest performances on record, the American Wind Energy Association said it expects a boom over the next five years. A quarterly report from Continue Reading
Exxon squeaks out a profit, though Chevron stumbles
Exxon Mobil said Friday it managed to report a profit during the first quarter downturn, though pressure continued to build for U.S. counterpart Chevron. Exxon said its first quarter earnings Continue Reading
US rig count drops 11 this week to 420, another all-time low
The number of rigs exploring for oil and natural gas in the U.S. dropped by 11 this week to 420, again reaching an-time low amid depressed energy industry prices. A Continue Reading
Pennsylvania probes possible link between quakes, fracking
Pennsylvania environmental regulators want to determine whether a series of minor earthquakes in the state this week were caused by nearby fracking operations by an oil and gas company. Five Continue Reading
U.S. February oil demand rises 1.5 percent year-on-year: EIA
U.S. total oil demand rose 1.5 percent in February from a year ago as strong demand for gasoline helped offset a steep drop in appetite for distillates, federal data released Continue Reading
Refining’s silver lining loses luster at Exxon and Chevron
Exxon Mobil Corp and Chevron Corp on Friday reported their most dismal quarterly results in more than a decade on low oil prices and an oversupplied fuel market that hurt Continue Reading
Chevron Posts a Wider-Than-Expected Loss in the First Quarter
Chevron Corp. reported a loss that was double analysts’ estimates amid an oil-market collapse that’s sparked currency crises, corporate bankruptcies, credit downgrades and hundreds of thousands of layoffs across the Continue Reading