Category: Crude oil

Oil climbs as Ukraine fear outweighs China data

The price of oil climbed above $100 a barrel Monday as escalating tensions in Ukraine outweighed a fourth month of contraction in China’s manufacturing.  More »

Oil rises but stays below $100 level

Prices fell below $100 a barrel this week, mostly due to a surge in U.S. supplies of crude oil.  More »

Tesoro’s crude rail plans hit delay in Washington state

Tesoro Corp. CEO Greg Goff said Thursday that the company’s plan to rail crude oil to the Port of Vancouver USA has been delayed as the state of Washington completes an environmental impact statement.  More »

Oil falls a second day on U.S. growth, supply worry

U.S. crude oil dropped 32 cents to $99.42 a barrel.  More »

Miley, Bieber, and Changing Global Oil Dynamics

Let’s go a little controversial here. The US oil boom is such a headline-grabbing topic at the moment that I cannot help but draw comparisons betwixt it and its pop culture equivalent, Miley Cyrus. And while on that tangent, the oil cartel OPEC reminds me of…Justin Bieber: just as US oil production is surging in […]  More »

Oil below $100; gasoline prices near peak, AAA says

The price of oil fell back below $101 on Wednesday as investors shrugged off the impact of new sanctions on Russia for its role in the Ukraine crisis.  More »

US deals rise as Big Oil sheds assets

First-quarter oil and gas deal-making in the U.S. reached its highest level in more than a decade, as Big Oil companies discarded assets to focus on their core operations.  More »

US oil flat, Brent falls on Libya exports

Brent fell on news that Libya would soon resume exports from a 70,000 barrel-per-day terminal that had been occupied by rebels.  More »

Keystone Cops

This month, the Obama administration announced it was delaying indefinitely – and most certainly through the 2014 midterm elections – its review of the Keystone XL pipeline. After nearly six years of intense and unprecedented examination, the government said that it still needs more time to consider whether to build the last remaining portion of […]  More »

Oil drops following declines in stock market

U.S. crude for June delivery shed $1.34 to close at $100.60.  More »

Energy Dept. welcomes fracking chemical disclosure

The U.S. Department of Energy said Friday that it welcomes the decision by oil and gas industry supplier Baker Hughes to disclose all chemicals in hydraulic fracturing fluid. But Halliburton, a major competitor in the field, isn’t committing to such disclosure.  More »

Oil near $102 on Ukraine crisis

The price of oil rebounded to near $102 a barrel Thursday on worries about tensions in Ukraine and continued concerns about crude exports from Libya and Nigeria.  More »
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