Colorado Drillers Face Tougher Rules Under New Reforms
Colorado’s Legislature passed a sweeping overhaul of the state’s oil and natural gas laws, giving local governments more power to regulate drilling in one of the nation’s top crude-producing regions.
Oil Nears $70 as OPEC Tightens Supply, Hopes for Trade Deal Grow
Oil rose near $70 a barrel in London, a level last breached in November, as global crude supplies tightened while hopes for an end to the U.S.-China trade impasse lifted financial markets.
Trump Asks OPEC to Increase Oil Output to Keep Prices in Check
President Donald Trump renewed his criticism of OPEC, saying the cartel should increase production because prices are getting “too high.”
Oil Slips as Growth in US Supplies Feeds Into Market Anxieties
Oil prices dipped as an unexpectedly high jump in U.S. crude supplies unnerved a market already worried about weakening global demand.
Global Emissions Hit Record as Energy Demand Boosts Fuel Use
Carbon emissions from fossil-fuel use hit a record last year after energy demand grew at its fastest pace in a decade, reflecting higher oil consumption in the U.S. and more coal burning in China and India.
Oil Falls From Four-Month High on Concerns of Economic Slowdown
Oil fell from its highest closing level in four months in New York as signs of a slowing global economy stirred concerns about fuel demand.
Oil Rises After OPEC Reaffirms Commitment to Production Cuts
Oil in New York rose to the highest level this year after OPEC and its partners agreed to go beyond their pledged supply curbs in the coming months.
US Cuts Oil Production Forecast for First Time in Six Months
The U.S. government cut its oil production forecast for the first time in six months as drillers scale back in smaller shale plays and the U.S. Gulf of Mexico.
Asia Remained Top US Oil Buyer in 2018 Despite China Trade Row
Asia more than doubled its intake of American crude oil last year even as Beijing and Washington were embroiled in a bitter trade war.
Canadian Oil Industry Takes Fresh Hit With Key Pipeline Delay
Canada’s already beaten-down oil industry is facing a fresh setback as regulatory issues bog down another key pipeline project.
March 4, 2019