Category: Crude oil

Report: Exporting US oil would be economic boon

A new report says the U.S. would benefit from lifting a nearly four-decade-old ban on exporting domestic crude oil.  More »

Oil drops on expected rise in U.S. supply

Crude for July delivery fell $1.39 to close at $102.72 a barrel.  More »

Laredo Energy gets $130M to up drilling

Laredo Energy has landed $130 million in private equity funding to cover its Texas drilling efforts, the Houston company said Wednesday.  More »

Oil higher above $104 on crises in Ukraine, Libya

The price of oil inched higher above $104 a barrel Wednesday as the conflicts in Ukraine and Libya posed renewed risks to crude supplies.  More »

Oil stays above $104 on crises in Ukraine, Libya

The price of oil remained above $104 a barrel Tuesday as investors weighed how the conflicts in Ukraine and Libya were likely to affect crude supplies.  More »

Oil futures down to near $104 after Ukraine vote

Natural gas fell after a proposed solution to a dispute over Ukrainian natural gas debts to Moscow was revealed, raising hopes that a supply cutoff would be averted.  More »

Oil settles above $104 ahead of Ukraine vote

Holidays will keep markets closed on Monday in the U.S.  More »

Oil eases but remains near $104 a barrel

The U.S. oil price hit a one-month high earlier in the week.  More »

CEO discusses key behind Sanchez Energy’s rapid growth

Sanchez Energy’s massive planned Eagle Ford Shale buy announced Wednesday is the latest in a string of acquisitions that the three-year-old company believes will push its revenue to more than $1 billion next year.  More »

PDVSA signs $2.2 billion oil service financing to boost drilling

Petroleos de Venezuela SA, the country’s state oil company, signed deals with oil service companies Schlumberger, Halliburton and Weatherford International.  More »

Oil climbs to $104 as U.S. supplies drop sharply

A report from the Energy Department showed a drop of 7.2 million barrels in U.S. crude oil supplies.  More »

Bank loan standards bending for oil companies amid shale rush

As major shale plays fuel the nation’s energy production, some aspects of Texas banking are starting to echo the overzealous oil and gas lending of the past, says David Zalman, chairman and CEO of Houston-based Prosperity Bancshares.  More »