Category: Crude oil

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 »

North Dakota delegation to meet with officials on derailment

Members of North Dakota’s congressional delegation say they plan to press federal officials for more information about a tanker derailment and fiery explosion outside of Casselton.  More »

Unforeseen US oil boom upending markets worldwide

The U.S. oil boom has put European refineries out of business and undercut West African crude suppliers. Now domestic drillers threaten to roil Asian markets and challenge producers in the Middle East and South America.  More »

Refiners plot against oil exports

While refiners currently enjoy a discount on domestic crude — which is priced well below the international benchmark — that scenario could disappear with broad oil exports.  More »

Train carrying oil derails, catches fire in Canada

Officials in Canada said a derailed freight train carrying crude oil and propane continued to burn Wednesday morning, while they prepared to launch aerial surveillance and more than 100 residents remained evacuated from their homes. There were no deaths or injuries.  More »

Oil by rail poses ‘ridiculous threat’, former North Dakota governor says

Former North Dakota governor and Casselton native George Sinner wants new regulations placed upon railroads that transport crude oil from the state.  More »

Oil companies drive Alaska crude comeback as Palin tax dies

BP Plc and ConocoPhillips, looking to benefit from the repeal of an Alaska oil tax championed by Sarah Palin when she was governor, are chasing enough crude to end the state’s two-decade-long slump in production.  More »

Oil drops 1.4 percent on rise in gasoline supply

The Energy Department said supplies of gasoline rose by nearly 3 percent.  More »