Global rebound drives crude oil higher

Mar 8, 2021
With West Texas Intermediate selling above $60 a barrel, drilling and pumping oil is profitable in the U.S. Permian Basin.
In the fall, the global economy came out of COVID-19 hibernation, and demand for oil and gas began to outstrip supply.
Christopher Furlong/Getty Images

How Texas weather disruptions will ripple through oil supply chain

Feb 17, 2021
Even after the weather starts improving, this crisis' effects are likely to linger and be felt far beyond the Lone Star State.
The Gulf Coast handles roughly half of the U.S.'s oil refining capacity.
Andrew Caballero/Reynolds

Oil profits drop as companies feel pandemic, carbon pressure

Feb 4, 2021
More than 500 oil- and gas-related firms have declared bankruptcy. The survivors are focusing on efficiency, and some plan a transition.
Oil and gas companies are grappling with uncertainty as they look to the future.
Leon Neal/AFP via Getty Images

The name of the game in West Texas oil and gas these days: consolidation

Dec 22, 2020
The Diamondback-QEP deal demonstrates the urge to merge while energy prices are weak.
Rail cars carrying crude oil near Odessa, Texas. Sluggish markets are driving companies to find partners.
Paul Ratje/AFP via Getty Images

OPEC delays and spending cuts: Uncertainty abounds in the oil and gas industry

Dec 1, 2020
OPEC and its allies are having trouble coming to an agreement, because individual countries see thing differently.
The Brega oil port in Libya in September.
AFP via Getty Images

"Flaring" is an environmental problem. What will stop oil companies from doing it?

Aug 24, 2020
It's often cheaper to burn off the natural gas than it is to sell it.
When oil producers deliberately burn natural gas, the process is called flaring. It can be a money-saving technique but has consequences for the Earth's climate.
Emiliano Lasalvia/AFP via Getty Images

Texas regulators want oil companies 'flaring' less gas

Aug 6, 2020
Burning excess natural gas can be less costly than figuring out a way to use it, but the practice spurs climate change and hurts air quality.
A gas flare burns at a Permian Basin plant. A study found that companies in the region  wasted $750 million worth of natural gas in 2018.
Spencer Platt/Getty Images

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Reporter's notebook: a bitterly contested $8 billion pipeline along the Appalachian Trail

Feb 24, 2020
The Atlantic Coast Pipeline is the subject of a U.S. Supreme Court case to be heard Monday.
Climate activist groups protest the Atlantic Coast Pipeline in front of the U.S. Supreme Court on Feb. 24, 2020 in Washington, DC.
Mark Wilson/Getty Images

Oil companies may be able to solve supply, but what about demand?

Jan 30, 2020
“There’s alternate sources of oil supply in the market but no alternate sources of demand growth,” one analyst said.
Oil prices Monday crashed the most since 1991.
David McNew/Getty Images

Chevron's nearly $11B write-down reflects weak demand and low oil and gas prices

Dec 11, 2019
Some energy companies are questioning whether they can wait out the current dip in prices.
Chevron noted challenges in natural gas fields in the Marcellus Shale formation and in deepwater oilfields in the Gulf of Mexico.
Joe Raedle/Getty Images