Category: Crude oil

ConocoPhillips CEO calls for removing crude oil export ban

Removing the current ban on crude oil exports would lower consumer prices and stimulate further tight oil production, the chief executive officer of ConocoPhillips said at an energy conference Tuesday morning.  More »

Oil rises ahead of U.S. retail sales, supply data

Oil has traded between $93 and $96 a barrel for more than two weeks.  More »

Oil little changed near $93 a barrel

Oil was little changed below $93 a barrel Tuesday, awaiting new cues from U.S. economic indicators and the resumption of negotiations in Geneva meant to curb Iran’s nuclear program.  More »

Oil subdued near $93 ahead of new Iran talks

Oil prices were subdued Monday ahead of the resumption of negotiations in Geneva to curb Iran’s nuclear program.  More »

Oil hovers near $94 for 2nd straight week

Oil is down 77 cents since Nov. 1.  More »

Oil rises toward $94 as Yellen defends stimulus

The price of oil rose toward $94 a barrel Friday after incoming Federal Reserve chief Janet Yellen indicated that economic stimulus will remain in place pending further improvement in the U.S. economy.  More »

Texas rig snapshot: Permian, EagleFord, Granite Wash and more

There are 834 drilling rigs hunting oil and gas in Texas - 47.5 percent of U.S. rigs and 24 percent of drilling rigs worldwide, according to the latest Baker Hughes Rig Count. Most of the Texas rigs are working in five major fields.  More »

Oil cuts its losses as Yellen voices support for Fed policy

Benchmark U.S. crude for December delivery slipped 12 cents to $93.76 a barrel.  More »

Oil swings after biggest gain in week

West Texas Intermediate traded near a five month low on signs of expanding supplies, while Brent advanced amid disruptions in Libya, widening the spread between the two crudes to the most since April.  More »

Oil near $94 as traders eye supply data

Oil is still down $8.53, or 8.3 percent, in the past month.  More »

I want to volunteer with the Society of Petroleum Engineers, but how?

Going above and beyond your usual duties to volunteer your time to the broader oil & gas industry is a sure way to be noticed professionally. What if doing so could actually be just as fun and personally rewarding as it is beneficial to your career? It certainly has been for me, so this week I offer my thoughts to a reader asking how to become more involved involved with the Society of Petroleum Engineers (SPE).  More »

Oil industry group names new chairman

Houston’s Mike Watford, head of Ultra Petroleum, has been elected chairman of the Independent Petroleum Association of America.  More »

Oil near $93 after sharp fall as high supply eyed

Oil hovered above $93 a barrel Wednesday after a sharp plunge the day before in anticipation of high U.S. crude supplies.  More »

Oil drops 2 percent on supply concerns

The price of crude oil hit a five-month low  More »

Oil tops $95 as Iran talks stall; pump price lower

Six key powers are considering a gradual rollback of sanctions that have crippled Iran’s economy.  More »