Category: Crude oil

Coast Guard: Gulf Coast cleanup efforts ‘far from over’

The Coast Guard is crying foul at BP’s statement this week that active cleanup efforts to remove oil along the Gulf Coast shorelines have ended.  More »

Oil industry launches new ad campaign

The oil industry’s leading trade group broadened its pitch beyond the Beltway on Thursday, rolling out new advertisements and a series of state polls highlighting widespread support for domestic energy development from New York to Nevada.  More »

Oil flat near $104 despite huge stock build

More concerns about that Russia’s response to the upheaval in the Ukraine cushioned the price drop.  More »

U.S. LNG Exports Could Ensure European Energy Security

The ongoing crisis in Ukraine is a flashpoint for European and American leaders to reinforce energy security in Europe and redouble efforts to decrease Europe’s dependence on Russian natural gas.  Russia provides nearly one-third of Europe’s annual natural gas demand which totaled 18.7 trillion cubic feet (Tcf) in 2013. Ukraine is also the major conduit […]  More »

Texas crude production hits highest level since 1980

An index that measures oil and gas activity in Texas reached a record level last month, bolstered by rising production and wellhead prices.  More »

Oil down slightly ahead of Ukraine meeting

The price of oil fell to near $103 a barrel Tuesday ahead of talks aimed at defusing tensions between the West and Russia over Ukraine.  More »

California to see surge in oil brought in by rail

Government regulators predict a surge in U.S. oil production will means a steep increase in the number of trains carrying it to California refineries.  More »

Oil price rises past $104 amid Ukraine tensions

Markets have been rattled by concern Western sanctions against Moscow might disrupt Russian exports of oil and gas.  More »

NuStar opens new Corpus Christi dock for Eagle Ford crude (photos)

San Antonio-based NuStar Energy LP this week celebrated the opening of its new dock at the Port of Corpus Christi, built to move crude oil from the Eagle Ford Shale.  More »

Oil up nearly 3 percent for the week

The national average retail price for gasoline rose a penny to $3.62 per gallon.  More »

Houston fills with crude oil that can’t be shipped out

Houston and the rest of the U.S. Gulf Coast have more crude oil than the region can handle. Storage tanks are filling as new pipelines carry light, sweet oil found in shale formations to the coast and U.S. law keeps companies from moving it out.  More »

Crude displacing other commodities on trains, critics charge

The industry’s critics charge that their shipments are taking a back seat to crude oil.  More »