Category: Crude oil

Global oil under $114 as Iraq supply worries ease

The price of global crude dipped under $114 Thursday as fears diminished somewhat over supply disruptions from Iraq while U.S. oil extended gains on looser U.S. export controls.  More »

US shale boom offsetting oil lost in Middle East unrest

Without the surge in U.S. crude production, markets would have demanded higher prices, the U.S. would likely have released oil reserves from its strategic stocks, and high prices would have threatened the nation’s economic recovery, says economist Mark Finley.  More »

Oil fluctuates as traders eye Iraq, US output

The price of crude oil fluctuated on Wednesday as investors monitored the turmoil in Iraq and weighed a report claiming U.S. export controls would be loosened.  More »

US challenges oil export ban with approvals for two Texas companies

The Obama administration has cleared the way for two energy companies to sell an ultra-light variety of crude overseas after minimally processing it, a decision that tests the limits of a long-standing ban on exporting U.S. crude.  More »

Report: Independent producers leading growth in US oil and gas reserves

U.S. oil and gas reserves increased 9 percent last year, according to a newly released analysis that’s a testament to the industry’s current boom period.  More »

Oil price steady as investors eye Iraq conflict

Benchmark U.S. crude for August delivery dropped 14 cents to $106.03 per barrel.  More »

Horizontal drilling fuels latest Oklahoma oil boom

More than 4,600 oil and natural gas wells were completed in Oklahoma last year as part of a domestic boom that is affecting many parts of the nation, according to reports filed with state regulators.  More »

Oil rises on Iraq conflict, upbeat China data

The price of oil rose Monday, with global crude hovering near a nine-month high, after Islamic militants captured more territory in Iraq and a report on Chinese manufacturing indicated that the No. 2 economy is on the mend.  More »

Colorado GOP gubernatorial candidates discuss fracking

The four Republican gubernatorial contenders in Colorado’s Tuesday primary answer questions about what they’d do if elected. Here, they talk about how fracking. Each responded in writing. Answers were edited for space reasons  More »

Oil prices end week with a slight gain

A battle for control of Iraq’s biggest refinery remained undecided.  More »

Hacker group claims launch of cyberattacks on global energy companies

A network of hackers called AnonGhost says it has launched a barrage of cyberattacks on international energy companies Friday, in a political strike against the widespread use of U.S. currency in oil trades, especially in Middle Eastern states.  More »

Report: Most Iraq oil production unaffected by turmoil

Most of Iraq’s oil production has been unaffected by militant violence, according a report by analysts at IHS.  More »

Oil gains as Iraq violence weighs on supply fears

The price of U.S. benchmark crude for July delivery rose 46 cents to $106.43 per barrel.  More »

US oil spending could hit $165B on global conflicts, report says

Oil and gas producers could boost their annual spending to $165 billion in the United States as conflicts in Iraq and elsewhere send crude prices higher, according to a report released by Barclays on Wednesday.  More »

Half-price Kurd oil threatens Iraq breakup with Turkish help

A tanker containing a million barrels of crude oil is floating around the Mediterranean, and its cargo is available at half-price. Yet if any country seizes the bargain, it may be pushing Iraq closer to disintegration.  More »