Category: Crude oil

Oil mars swamp months after crude train crash

The isolated wetland smelled like a garage when a reporter from The Associated Press visited last week, and the charred skeletons of burned trees rose out of water covered with an iridescent sheen and swirling, weathered oil.  More »

Oil prices edge up ahead of Crimea secession vote

Crude still finished the week down more than 3 percent.  More »

OPEC production surges as Iraq pumps most in 35 years

OPEC crude production rose above its target for the first time in five months as Iraq pumped the most in 35 years, according to the International Energy Agency.  More »

IEA raises 2014 oil demand estimate as world economy recovers

Oil demand will be higher in 2014 than previously estimated as global economic growth recovers, the International Energy Agency said. Pressure on supplies will ease in coming months as seasonal consumption dips.  More »

Senator: Energy technology needed to combat climate change

The U.S. has made progress at addressing climate change, but additional technologies are needed to promote the use of abundant energy resources while combating emissions, Sen. Lisa Murkowski, R-Alaska.  More »

US to tap strategic petroleum reserve

The Obama administration will release 5 million barrels of sour crude from the United States’ emergency stockpile in what officials described as a “test” of the nation’s capability to respond to oil supply disruptions around the globe.  More »

Oil drops to below $98 on China economy

China’s drop in exports in February fueled worries of a further slowdown in the world’s second-largest economy.  More »

Oil drops below $99 on China slowdown jitters

The price of oil dropped below $99 a barrel Wednesday as the possibility of a deeper economic slowdown in China fed expectations of weaker demand.  More »

Keystone XL southern leg having major effect on US oil hub

The southern leg of the Keystone XL pipeline has drained supplies of oil at the hub of Cushing, Okla., to their lowest levels in more than two years, according to a federal report released Tuesday.  More »

Oil falls to near $101 on China data

China’s customs data showed over the weekend that exports plunged by an unexpectedly large 18 percent last month.  More »

U.S. more energy secure because of shale, chamber says

The United States became more energy secure in 2013 as the shale boom continued to pad domestic resources, according to an analysis by the U.S. Chamber of Commerce.  More »

Official: Canadian oil won’t hurt ND production

The director of the North Dakota Pipeline Authority says proposed increases of crude from Canada’s oil sands likely won’t have an impact on the state’s soaring oil production.  More »
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