Category: Crude oil

Q&A: Company goes global to find local talent

Swift Worldwide Resources, a global oil and gas staffing company with 23 offices on six continents, moved its worldwide headquarters from London to Houston last year. Swift specializes in the recruitment of contract and direct-hire positions across all sectors of the oil and gas industry.  More »

FBI plan to put agents in Bakken Shale sparks flap

Crime on both sides of the states’ border has spiked as thousands of new workers brings drug traffickers in their wake.  More »

Oil price holds near $94

The price of oil finished the week 2 percent higher.  More »

Oil slips back below $94 a barrel; pump price dips

On Thursday, OPEC said in a report that it expects global demand for oil to increase by around 1 million barrels a day, up from an increase of 900,000 barrels a day in 2013.  More »

U.S. officials call for more safety for oil by rail

The changes proposed are all voluntary.  More »

Apache’s production hit by weather, asset sales and spending cut

Apache Corp. said Thursday that its Permian Basin and central region production took a hit in the fourth quarter due to severe weather.  More »

Oil rises nearly 2 percent on big drop in US supplies

Benchmark U.S. crude oil for February delivery rose $1.58, or 1.7 percent, to $94.17 a barrel on the New York Mercantile Exchange.  More »

US energy production will surpass consumption by 2035, BP forecasts

U.S. energy production will far outpace its consumption by 2035 as growth in natural gas and renewable sources eclipse the use of oil and coal, according to a new report from BP.  More »

Senator: Obama should lift oil export ban, even without Congress

Sen. Lisa Murkowski is doubling down on her pitch for the U.S. to reverse a 39-year-old ban on exporting American crude. In a letter to President Barack Obama on Tuesday, the Republican from Alaska insists that the administration must ease the restrictions soon.  More »

Crude oil falls below $92 a barrel on Iran deal

The price of oil fell below $92 a barrel Monday as Libyan production continued to ramp up and the possibility of increased crude exports from Iran raised the prospects of excess supply on global markets.  More »

Federal probe details events in fiery train oil spill

Federal investigators said Monday that 18 rail cars carrying oil were punctured when they derailed during a crash and explosion in December that spilled about 400,000 gallons of crude.  More »

Oil price falls to near $92

Oil prices fell Monday after a big jump in the previous trading session that was sparked by expectations the Fed might delay stimulus reduction.  More »