Category: Crude oil

Don’t expect international shale boom quite yet, experts say

While tight oil plays in the U.S. are booming, reproducing that success abroad could be challenging for American companies, energy executives and analysts said Tuesday.  More »

Chevron CEO says $100 a barrel is the new $20

Rising labor costs are challenging oil companies, even amid an era of oil prices around $100 a barrel, Chevron’s CEO said Tuesday.  More »

Crude oil drops after big jump over Ukraine crisis

The price of crude oil dropped sharply Tuesday after a big jump the day before over concern that Russia’s military advance into Ukraine could result in economic sanctions against one of the world’s major energy suppliers.  More »

Oil prices spike on Russia sanctions fears

U.S. crude for April delivery gained $2.33 to close at $104.92 a barrel.  More »

Analysts warn of Russia-Ukraine tensions’ effect on prices

Turbulence between Ukraine and Russia could cause global oil prices to rise, a top analyst with IHS warned Monday.  More »

Oil export ban can be lifted piecemeal, analysis says

President Barack Obama should follow the lead of previous commanders-in-chief by creating exceptions to the United States’ 39-year-old ban on exporting American crude, Sen. Lisa Murkowski argued Monday.  More »

Iraq official says oil exports jump in February

Iraq’s daily oil exports surged to 2.8 million barrels per day in February, some half million barrels more than in the previous month.  More »

Oil ends month with 5 percent gain; pump price up

For all of February, oil gained $5.10 a barrel.  More »

A Turbulent Winter For Jet Fuel

2014 thus far has been more turbulent than usual for the US crude complex, as wickedly wintry weather has shaken up both supply and demand for the products like a snow globe (probably a bad turn of phrase). Just as gasoline demand has hit the brakes and heating oil demand has been simmering, the jet […]  More »

Oil and natural gas down slightly; pump prices up

Energy markets were relatively tame Wednesday, with both oil and natural gas showing small declines. Benchmark U.S. crude for April delivery slipped 19 cents to close at $102.40 a barrel on the New York Mercantile Exchange. Natural gas futures fell 3 cents to $4.51 per 1,000 cubic feet as weather forecasts indicate households won’t have […]  More »

Rail projects boosting oil flow to California refineries

California, the third-biggest refining state in the U.S., is about to see a flood of oil by rail from places such as Canada and North Dakota as suppliers seek to tap a market isolated from the rest of the country.  More »

Oil prices drop in Asia on demand expectations

Oil prices fell in Asia on Thursday as expectations for reduced demand due to warmer weather outweighed a smaller-than-expected increase in U.S. oil supplies.  More »