Category: Crude oil

Former Obama aide makes case for oil exports

Former White House economic adviser Larry Summers on Tuesday insisted that the U.S. should lift its decades-old ban on exporting crude, arguing that the policy is a relic of the1970s that is holding back the United States’ potential.  More »

Oil prices see steady decline as demand remains weak and production strong

Prices for crude oil have been in a steady slide for months thanks to a combination of anemic oil demand growth and a tide of growing production that hasn’t been slowed by international conflicts.  More »

Brent crude narrows premium over West Texas benchmark

Brent for October settlement fell $1.04, or 1 percent, to $99.16 a barrel.  More »

Gulf Coast drives surge in U.S. exports of petroleum products

The United States is exporting more petroleum products, most of which is coming from the Gulf Coast.  More »

Refiners & producers battling over exports

The battle between oil producers and refiners over exporting U.S. crude is heating up in Washington.  More »

Oil falls as China’s economy shows signs of slowing

Oil for October delivery fell 63 cents to settle at $92.66 a barrel on the New York Mercantile Exchange.  More »

Brent crude falls below $100 for first time in 14 months

Brent crude fell below $100 a barrel for the first time since June 2013 as a slowdown in imports into China reinforced signs of surplus supply. West Texas Intermediate dropped to the lowest in almost eight months.  More »

More Texans working for oil and gas companies

The 302,700 workers estimated to work for services and exploration and production companies marked the first time employment in the industry has exceeded 300,000 since his Texas Petro Index began tracking the numbers in 1995, said its developer, economist Karr Ingham.  More »

Commentary: Mixing energy and pop: If Katy Perry and I were to do a duet…

…I would have no squabble in doing one of her hits,  but we would have to work in some commodity themes into the lyrics. So here are some ideas I am working on pitching her. Roar - We could definitely belt this one out. Not only does roaring louder, louder than a lion sound like fun, […]  More »

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 »