Newsfeeds

msnbc.com: Oil & Energy

Msnbc.com is a leader in breaking news and original journalism.

msnbc.com

Government slashes forecast for summer gas prices
The government says gasoline will be cheaper this summer than previously expected. The Energy Department says drivers should pay an average of $3.79 per gallon from April through September.
Inside Chesapeake, CEO ran private hedge fund

As chairman and CEO of Chesapeake Energy Corp, Aubrey McClendon has been a powerhouse in the vast U.S. natural gas market, directing the company's multibillion dollar energy-trading operation and setting output targets for America's second-largest producer.
Chesapeake: McClendon out as chairman

Chesapeake Energy Corp will find an independent, non-executive chairman to replace current Chairman Aubrey McClendon, who will retain his position as chief executive of the natural gas producer, the company said on Tuesday.
Gas prices actually start falling around the US

The worst is over, for now. Gasoline prices are starting to fall.
Chesapeake CEO took $1.1B in shrouded loans

Aubrey McClendon, the CEO of Chesapeake Energy Corp, has borrowed as much as $1.1 billion over the last three years against his stake in thousands of company wells - a move that analysts, academics and attorneys who reviewed loan documents say raises the potential for conflicts of interest.
Gas prices could head lower for summer

For Americans unhappy about the runup in gas prices since December, summer may bring some relief at the pump, thanks to falling oil prices.
Have pump prices peaked? Experts think so
It may be difficult to celebrate when you’re paying $3.92 a gallon for gas but the good news is that’s a penny cheaper than where the national average for a gallon of regular stood last week.
Natural gas is victim of weather, own success

The U.S. natural gas market is bursting at the seams.
The reason it's called Texas Tea: Most oil-rich states

As gas prices reach record highs across many parts of the country, Americans have been blaming oil companies. But as much as they are disliked, the oil and gas industry is also an indispensable part of many states and an asset to their local economies. 24/7 Wall St.
CNBC: Why we have nothing to fear from $4 gas
For the majority of the country, $4 gas isn’t going to doom us or our economy. Here’s why.