Category: Crude oil

Oil falls on weaker U.S. jobs growth

Oil for October delivery slipped $1.16, or 1.2 percent, to close at $93.29 a barrel.  More »

Ending oil export ban drawing more talk on Capitol Hill

The head of a Republican energy task force predicts the U.S. House of Representatives will advance legislation next year to relax a decades-old ban on exporting most U.S. crude.  More »

Iraq’s attorneys again ask judge for crude seizure

Iraq’s attorneys once again asked a federal judge to seize 1 million barrels of contested crude, claiming that the tanker floating off the coast of Galveston since late July plans to offload and sell its cargo within the United States. Kurdistan in court has explicitly not confirmed or denied whether it owns the crude, leading […]  More »

Rigs in U.S. rose by 11 to 1,925, Baker Hughes says

The total energy rig count has almost doubled from five years ago as producers use horizontal drilling and hydraulic fracturing to draw record volumes of oil and gas out of shale formations from North Dakota to Texas.  More »

Enterprise and Kinder Morgan to gauge demand for new pipelines

Enterprise Product Partners and Kinder Morgan Energy Partners are evaluating demand for two proposed two new pipelines serving the Utica region in Ohio and the Williston Basin region of North Dakota.  More »

NRG may expand carbon capture plans

NRG is installing technology at the W.A. Parish plant to capture carbon dioxide before it is emitted into the atmosphere.  More »

Oil falls as refineries cut operating rates

“Refiners in the U.S. are going into maintenance, which is going to reduce demand for crude.” expert says.  More »

Refiners lobby Obama administration against condensate exports

Four refiners are lobbying the Obama administration to overturn recent rulings that allowed companies to export an ultra-light oil known as condensate once it has been minimally processed.  More »

Crude oil rail shipments set record pace

Rail shipments of crude oil rose to 119,634 carloads in the most recent fiscal quarter, an increase of more than 10 percent over the 106,605 shipments in the comparable period last year, according to figures released Thursday by the American Association of Railroads.  More »

Oil rises on possible Ukraine cease-fire

Oil for October delivery advanced $2.66, or 2.9 percent, to settle at $95.54 a barrel on the New York Mercantile Exchange.  More »

Buckeye Partners to buy $860 million in Trafigura Eagle Ford midstream assets

Buckeye Partners L.P. said Tuesday it would enter the fast-growing Eagle Ford region with an $860 million deal to acquire an 80 percent interest Trafigura AG’s South Texas midstream assets.  More »

U.S. crude price at lowest level since January

Natural gas futures posted the biggest drop in six months.  More »