Category: Crude oil

Hedge funds retreat from record crude wagers

Speculators cut bullish bets on U.S. crude oil from a record as inventories were close to a seasonal high following the Memorial Day weekend.  More »

History of gasoline and oil exports murky

As oil companies clamor to export crude, they may look to the government’s 1981 decision to green-light overseas gasoline sales for guidance. There’s just one problem: The government records underpinning that move are missing in action.  More »

Oil futures little changed after U.S. jobs report

A strengthening job market would be in important sign of recovery in the world’s biggest economy, which also translates into higher demand for energy.  More »

Posing a question: How do yoga revenues compare with Eagle Ford costs?

Oil companies will spend about $27 billion drilling wells in the Eagle Ford Shale this year, according to Houston energy research firm Wood Mackenzie.  More »

Minnesota oil spill of 1979 still aids in research

Today, the site attracts scientists from around the world who are collecting data from sensors that sample soil, water and air.  More »

Crude oil flat despite U.S. supply drop

Benchmark U.S. oil for July fell 2 cents to close at $102.64 a barrel.  More »

Exxon manager says work going well at Alaska’s Point Thomson

Alaska’s current healthy environment for investment is a reason to vote against repeal of an oil tax measure passed in 2013, an ExxonMobil official told the Fairbanks Chamber of Commerce on Tuesday.  More »

NY top court considers local bans on gas drilling

The cases being argued before the Court of Appeals involve bans in the small towns of Dryden and Middlefield in rural central New York.  More »

Kansas pushes back on lesser prairie chicken

Kansas Gov. Sam Brownback announced Tuesday that he is pushing the federal government to assume some costs for protecting the lesser prairie chicken by expanding incentives for farmers to enroll their land in a longstanding conservation program.  More »

Vancouver City Council opposes oil train terminal

The Vancouver City Council has voted to oppose what would be the Pacific Northwest’s largest crude oil train terminal  More »

Oil up slightly as U.S. supply data awaited

Energy demand from China was likely to stay solid as a second survey confirmed that China’s manufacturing improved last month.  More »

Pain at the Pump

With Memorial Day behind us, the summer driving season is “officially” underway. Predictably, the price of gasoline is rising. AAA has warned motorists’ gasoline prices are expected to remain high this summer, a reoccurring trend. Since 1995, when the Environmental Protection Agency (EPA) mandated two types of gasoline formulas be used – summer and winter […]  More »