Tag: crude oil

EIA tool gives closer look at oil imports

U.S. oil imports have declined steadily over the past four years, as refiners replace foreign light, sweet crude with domestic supplies, according to the Energy Information Administration.  More »

Commentary: The shakeout in US shale

My favorite quote by H.L. Mencken is ‘a cynic is a man who, when he smells flowers, looks around for a coffin‘. A bit morose, I know, but this appeals to the contrarian in me. My second favorite is überly-applicable to US shale oil break-evens: ‘For every complex problem there is an answer that is […]  More »

Study: Houston economy can withstand low oil prices

The Texas and Houston economies can both handle significant declines in crude oil prices, according to a new report from financial services firm BBVA Compass.  More »

Iraq’s biggest oil plant to reopen after militants ousted

Iraqi troops will expel the militants from areas near a pipeline supplying the refinery 130 miles north of Baghdad.  More »

Water outreach should be a priority for drillers, report says

Oil companies don’t have the best reputations in the communities where they drill, and can be seen as threats to local water supplies.  More »

Keystone left behind as Canadian oil pours into U.S.

The expansion shows Canadians are finding alternative entry points into the U.S. while the Keystone saga drags on.  More »

Microsoft passes Exxon as 2nd most valuable co.

Exxon’s shares have been falling recently, along with the price of oil.  More »

Putin says Russia preparing for “catastrophic” oil slump

Russia is struggling under the weight of a plummeting ruble and sanctions imposed over the conflict in Ukraine.  More »

Brent rises amid speculation OPEC will react to oil price

Oil has collapsed into a bear market as leading members of the Organization of Petroleum Exporting Countries resisted calls to cut production and U.S. shale boom lifted output to the highest level in three decades.  More »

Gov’t tells US drivers to get used to cheap gas

In a dramatic shift from previous forecasts, the Energy Department predicted Wednesday that the average price of gasoline in the U.S. will be $2.94 a gallon in 2015. That is a 44-cent drop from an outlook issued just a month ago.  More »

Report: Energy jobs have led economic recovery

The increases in oil and gas industry employment has nearly overtaken the number of all the jobs lost in the last decade, according to a new report  More »

Saudis reject talk of OPEC market share war as oil slides

Brent crude futures plunged below $80 yesterday for the first time since September 2010 on concern OPEC is in no hurry to halt a four-month slide in prices.  More »

Cheaper gasoline may translate to a boost in holiday spending

For every 1 cent drop in gas prices, Americans save about $3.7 million.  More »

Threats to global oil supply still exist, IEA says

The U.S. shale boom masks threats to global oil supply including Middle East turmoil, conflict in Ukraine and the difficulty of unconventional oil production beyond North America, the International Energy Agency said.  More »

Former NSA chief: Congress must pass cyber laws to protect energy, finance

More than half of the 200 or so cyber-attacks reported to the Department of Homeland Security’s industrial control systems emergency response team have targeted energy companies, and and economic espionage cases have more than doubled in the last 18 months.  More »
Page 1 of 4912345...102030...Last »