Category: Crude oil

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 »

Q&A: The world comes calling for U.S. experience

Recently elevated to vice president at the American Petroleum Institute, John Modine oversees the trade group’s global industry services department. The unit focuses on promoting standards and best practices worldwide.  More »

Oil settles above $92 after hitting 8-month low

Crude rose on report that economy added fewer jobs than expected, fueling speculation Federal Reserve will reconsider slowing its economic stimulus.  More »

Oil falls to 8-month low; natural gas drops 5 percent

Traders worried about bulging supplies of crude oil and falling demand for gasoline.  More »

Upstream spending spree to slow in 2014

New projects have been the focus of major energy companies during the shale boom, with producers buying up large swaths of acreage, but upstream companies won’t be looking to continue that spending spree in 2014, according to an analysis from Deloitte.  More »