Category: Crude oil

Oil slips below $98 after climbing to 2014 high

The price of oil slipped below $98 a barrel on Friday, backing off the 2014 peak it hit in the previous session on signs of stronger recoveries in the U.S. and Japan.  More »

Battle lines drawn at crude export hearing

Deep divisions over selling American crude overseas — and big fears about what it might do to gasoline prices — were on display Thursday as the Senate held its first hearing on oil exports in a quarter century.  More »

Oil above $98 as economy shows strength

Natural gas prices fell sharply on forecasts for milder temperatures.  More »

Falling gasoline prices hurt Big Oil’s plea for US crude exports

The world crude market is having waning influence on U.S. gasoline, which instead is beginning to track lower-priced domestic oil.  More »

Texas oil boom could be nearing slowdown, economist says

While soaring production made 2013 a landmark year for Texas oil and gas, there are signs that a slowdown is approaching, according to economist Karr Ingham in a presentation Wednesday.  More »

Oil shipments disrupting Amtrak trains

The National Association of Railroad Passengers wrote to U.S. Transportation Secretary Anthony Foxx this week urging him to intervene.  More »

Oil flat as Fed offsets heating oil supply drop

The price of crude rose nearly 2 percent.  More »

Houston millionaires love oil and gas but shun clean energy investments

Wealthy investors in Houston park nearly a quarter of their cash in the energy industry, and most bet heavily on fossil fuels, a new survey shows.  More »

How can you mitigate the cost of retraining for an oil & gas career?

How can you undertake more training to join the oil & gas industry in a way that is still within your financial means?  More »

Texas crude vies with Saudi Arabia for California shipments

Kinder Morgan Energy Partners LP, the pipeline operator that’s buying U.S. oil tankers, said it’s in talks to ship Texas crude to California through the Panama Canal.  More »

BP to sell off $100M turbine oils business

Even after selling off billions in assets to pay for oil spill costs, BP is still slimming down.  More »

Sanchez Energy output surges in the Eagle Ford

An oil gusher in the Eagle Ford Shale lifted Sanchez Energy’s daily production last year to seven times its level the year before, as it adopted advances like pad drilling.  More »