Category: Crude oil

Kansas town loses bid for new trial over BP pollution suit

The Kansas Court of Appeals on Friday rejected the request from residents and officials of Neodesha, who sued in 2004 for more than $478 million in cleanup costs plus damages.  More »

Ending ban on oil exports would mean cheaper gasoline, energy executive says

ConocoPhillips senior economist Helen Currie, citing a study by the energy consulting firm IHS Inc., said prices at the pump would fall by about 8 cents a gallon should crude exports be allowed.  More »

Enbridge avoids U.S. review with plan to boost oil sands flow

The State Department, responsible for approving cross-border energy projects like the Alberta Clipper and the proposed Keystone XL line to the U.S. Gulf Coast, said in a statement that Enbridge can go forward with its plan under authority granted by previously issued permits.  More »

Iraqi, Kurdistan lawyers face off in U.S. court over stranded tanker’s oil

An international oil dispute played out in U.S. courts on Friday, as the Kurdish Regional Government faced off against Iraq over a disputed tanker of Kurdish crude that’s been languishing off Galveston’s coast for nearly a month.  More »

Brent crude has traded within $5 for 13 months, report says

Despite a recent drop, the Brent spot price for crude oil has had a remarkably stable price for just over a year, according to a government report.  More »

Plains All American to build pipeline from Cushing to Memphis

Houston-based Plains All American Pipeline LP said Thursday it plans to build a pipeline that would deliver as much as 200,000 barrels a day of crude oil to Valero’s Memphis plant when it’s completed in late 2016.  More »

Expo presents lots of talk about Permian land, but not much of it

The nation’s top oil producer is attracting more than a few glances from operators not already established in West Texas, but companies with exclusive and lucrative Permian acreage are holding on tight.  More »

Oil climbs as economic data signals U.S. growth

Oil for October delivery rose 51 cents to settle at $93.96 a barrel.  More »

Maersk Oil to lay off a fourth of Houston staff

Diminishing returns in Brazil and the Gulf of Mexico have pushed Maersk Oil to cut a quarter of the jobs at its Houston office.  More »

Gulf Coast to benefit from refinery retrofits

Refiners are scrambling for ways to process newly abundant light crude from U.S. shale, and much of their construction and retrofitting investment will be on the Gulf Coast.  More »

Voters go with oil companies in fight over Alaska taxes

Alaskans narrowly defeated an effort to repeal an industry-friendly oil tax regime adopted last year.  More »

Crude prices rise as supply dips

Oil prices generally rebounded Wednesday as a report by the U.S. Energy Information Administration indicated that supplies of crude oil fell through the week ending Aug. 15.  More »