Category: Crude oil

Oil above $97 after first gain this week

Oil did get a lift from a survey that showed China’s manufacturing rose to a seven-month high.  More »

Oil falls below $97 on ample supplies

The price has fallen 5 percent over the last week to its lowest level since late June.  More »

Oil prices could drop as drivers demand more fuel efficiency, researcher says

Despite the nation’s shale gusher, domestic demand for oil has remained flat during the past decade. But unlike most periods of stagnant demand, a weakened economy isn’t the only culprit.  More »

Oil price at its lowest level since June

Benchmark U.S. crude for November delivery dropped $1.42 to close at $97.80.  More »

Oil settles below $100 for 1st time since July

Benchmark crude fell $1.59 to close at $99.22 a barrel.  More »

World economy a ‘major worry’ for OPEC oil producers

OPEC sees a possible drop in energy demand caused by a weaker world economy as its “main area of concern” for the next several months, the group’s secretary-general said.  More »

Texas Monthly tackles the oil boom

The November cover of Texas Monthly dropped Friday, revealing an issue devoted to the state’s energy renaissance and the millionaires it’s creating.  More »

Oil rises slightly, boost from China growth fades

For the week, oil finished with a loss of $1.21, or 1.2 percent.  More »

No oil from North Dakota spill seen in water sources

Officials say no oil from a pipeline rupture in northwestern North Dakota has been found so far in surface or groundwater.  More »

Oil falls as relief over U.S. debt deal fades

The price of oil nearly fell below $100 a barrel.  More »

Texas production could double by 2020, industry regulator says

Drawing on booming resource plays that haven’t shown signs of slowing, Texas’ crude oil production could hit 4 million barrels per day by 2020, a top state industry regulator said Thursday.  More »

Hamm: Hope dwindling for Keystone XL pipeline

The Bloomberg Oil & Gas Conference is drawing some of the biggest names in energy to speak Thursday at the Houston Museum of Natural Science. Here are some of their best predictions and comments from the event.  More »