Category: Crude oil

Investigators complete report on Quebec oil-train disaster

Quebec police have finished and filed with authorities their investigation into the Lac-Megantic train disaster that killed 47 people and prompted backlash against the growing practice of transporting crude oil by rail.  More »

Oil near $99 after China manufacturing drops

The price of oil fell slightly Monday following a drop in China’s manufacturing.  More »

Oil rises above $99 amid new sanctions on Russia

The price of oil extended losses Friday as seasonal maintenance of refineries crimps U.S. demand and a stronger dollar makes the commodity more expensive.  More »

Oil back below $100 on rising supply

Natural gas lost 12 cents to $4.37 per 1,000 cubic feet.  More »

Oil gains most in 2 weeks on U.S. factory data

Benchmark U.S. crude for April delivery gained $1.62 to $99.70.  More »

Hedge funds cut record bets on crude as inventories gain

Expanding U.S. oil supplies and production spurred hedge funds and other speculators to cut record bets on rising West Texas Intermediate crude prices.  More »

Oil prices gain on US economic outlook

The price of oil edged up Tuesday as strong U.S. factory output boosted the outlook for the world’s biggest economy.  More »

Independent refiners form ‘CRUDE’ group to fight export efforts

The group’s founding members are all independent refiners: Dallas-based Alon USA Energy Inc.; Parsipanny, N.J.,-based PBF Energy, Delta Air Lines subsidiary Monroe Energy, based in Trainer, Pa.; and Philadelphia Energy Services.  More »

Oil down after Crimea votes to split from Ukraine

Oil prices were slightly lower Monday after Crimea’s vote to split from Ukraine and join Russia.  More »

A renewed search for western Colorado oil shale

Exxon Mobil has edged another step closer to undertaking oil shale research-and-development projects with the Bureau of Land Management’s approval of development plans.  More »

Oil mars swamp months after crude train crash

The isolated wetland smelled like a garage when a reporter from The Associated Press visited last week, and the charred skeletons of burned trees rose out of water covered with an iridescent sheen and swirling, weathered oil.  More »

Oil prices edge up ahead of Crimea secession vote

Crude still finished the week down more than 3 percent.  More »