Category: Crude oil

Oil rises on anticipation of improved jobs report

Benchmark U.S. crude gained 67 cents to close at $100.29 a barrel.  More »

Long-term investors should be wary of rapidly declining energy assets, PE investor warns

In the last three decades, up to three-quarters of all upstream companies have “destroyed shareholder value,” yet Wall Street investors prize some wonky metrics over the inevitable: Oil-producing assets, especially in shale plays, decline quickly and are often costly to replace, a private equity investor said Wednesday.  More »

Panel: Colliding well bores, export ban threaten booming US drilling

In the past two years, souped-up rigs have spun wells into U.S. soil faster than ever, but limited water supplies and other looming challenges threaten to constrain future drilling investments, industry observers said Wednesday.  More »

Energy industry leaders clash over oil exports

Pocketbook issues are emerging as a major factor in the debate over exporting U.S. crude.  More »

Oil falls even with supply drop

West Texas Intermediate crude fell the most since March 12 on speculation that U.S. inventories gained for an 11th week and as a gauge of manufacturing rose less than expected. Brent slipped.  More »

Oil falls below $100 on China factory data

The price of oil fell Tuesday, dented by soft Chinese manufacturing figures and Russia’s withdrawal of a small number of troops from the forces massed along its border with Ukraine.  More »

Texas producing 36 percent of US crude

More than one of every three barrels of U.S. crude is pumped in Texas, according to the latest monthly figures from the federal Energy Information Administration.  More »

Energy industry targeting carbon to clean up business

Buoyed by gas, the fossil-fuel industry is trying to bask in a newfound green image.  More »

Study: Gasoline prices will fall if US exports crude

The oil industry’s leading trade group on Monday cast exports of U.S. crude as an economic win for consumers, fighting against criticism that selling the fossil fuel overseas would mean higher prices at home.  More »

Oil steady as U.S., Russia talk on Ukraine

Markets were looking ahead to a report on China’s manufacturing sector.  More »

Exxon: Future climate rules won’t curb fossil fuel investments

Exxon Mobil Corp. on Monday cast aside speculation it would retreat from oil sands and deep-water reservoirs, saying it believes that none of its fossil fuel reserves will be stranded because of potentially stringent carbon regulations in the years to come.  More »

Apache to sell Canadian assets for $374M

Apache Corp. has struck a deal to sell oil and gas acreage in western Canada for $374 million, freeing up cash to reward investors with further share buybacks, the company said Monday.  More »
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