crude oil
Business, Fuel, Logistics

Oil, Sand Railcars Compete for Track Space in Permian Basin

Kurt Haubrich/Flickr

Oil producers may be getting in their own way in the race to pump crude from the fertile Permian Basin.

Sheela Tobben | Bloomberg News
May 4, 2018
Business, Fuel, Logistics

Alberta Drillers Near Deals With Railroads, Potentially Easing Oil Logjam

David Paul Morris/Bloomberg News

Alberta’s beleaguered oil industry may get some relief from its persistent shipping bottlenecks in the second half of the year as producers strike deals with rail companies to move more crude.

Kevin Orland | Bloomberg News
April 26, 2018
Business, Fuel

Trump’s Claim of ‘Oil All Over the Place’ Isn’t True Anymore

Daniel Acker/Bloomberg News

President Donald Trump’s assertion that OPEC is propping up oil prices amid oversupply and an excess of floating storage has a problem: It’s only half true.

Brian Wingfield and Rupert Rowling | Bloomberg News
April 20, 2018
Business, Technology, Logistics

Oil Rises to Highest Since 2014 on Bullish US Inventory Report

Daniel Acker/Bloomberg News

Crude rose to its highest level since 2014 in New York as the drop in U.S. inventories reported by an industry group helped to sustain a rally spurred by geopolitical risks.

Alex Longley | Bloomberg News
April 18, 2018
Government, Business, Fuel, Logistics, TCA

Crumbling County Roads: The Unintended Consequence of Energy Industry Traffic

Daniel Acker/Bloomberg News

Guadalupe Road in south Victoria County, Texas, was brand new in August 2016 after the county spent $200,000 to repave it for the first time in decades. But in the last few weeks, it began to crumble and crack, forcing county crews to patch up the deteriorating surface.

Marina Starleaf Riker | Victoria (Texas) Advocate
March 19, 2018
Business, Fuel, Logistics

Planes, Trains and Trucks: Global Trade Boom Fires Up Oil Demand

cobalt123/Flickr

The strength of oil consumption took analysts by surprise last year, and played a big role in crude’s recovery to a three-year high in January.

Alaric Nightingale and Grant Smith | Bloomberg News
March 7, 2018
Business

Oil Demand Strong Into 2020, Bank of America Analyst Blanch Says

Daniel Acker/Bloomberg News

Oil demand will remain strong through at least 2020, pushing spot costs for crude above futures pricing.

February 26, 2018
Fuel

US Crude Output to Jump Above 11 Million Barrels a Day Sooner Than Expected

Daniel Acker/Bloomberg News

The U.S. government sees nationwide oil production jumping above 11 million barrels a day much quicker than anticipated.

Jessica Summers and Catherine Traywick | Bloomberg News
February 6, 2018
Business, Fuel

Crude Breaks $65 as Record Drawdown Whittles US Oil Stockpiles

Getty Images

Crude popped above $65 a barrel for the first time in more than three years after U.S. crude stockpiles fell for a 10th week in the longest stretch of declines on record.

Jessica Summers | Bloomberg News
January 24, 2018
Business, Fuel

US Expects Domestic Crude Output to Hit Records in 2018, 2019

Getty Images

U.S. crude production will soar to a record this year before rising even more in 2019, according to a government forecast published Jan. 9.

Jessica Summers | Bloomberg News
January 9, 2018

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