Category: Crude oil

Oil declines, despite bullish oil inventory data

U.S. crude for August delivery fell 86 cents to $104.48 a barrel.  More »

Oil flat despite U.S., China factory strength

It is the fourth day in a row of declines and the sixth decline in the last seven trading days.  More »

Oil price weakens ahead of China data

The price of oil declined Monday as markets waited for the preliminary reading of China’s manufacturing for June.  More »

Building Beyond a Bill

This week, the House of Representatives approved a bipartisan bill aimed at improving the construction of critical infrastructure across national borders. The bill, H.R. 3301, rejects the current requirements for a Presidential permit to authorize construction of cross-border pipelines, as well as easing overly harsh environmental impact assessments. Why is this important? The North American […]  More »

Oil price steady after US spending grows weakly

The price of oil held steady on Friday as poor U.S. economic data raised the prospect of weak growth in energy demand while fears eased that fighting in Iraq would disrupt exports.  More »

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 »