Mark Shenk

Business, Fuel

US Oil Output to Hit a Record in 2018

blake.thornberry/Flickr

The Energy Information Administration said domestic output of crude oil will climb to a record 9.96 million barrels a day in 2018, up from 9.9 million barrels projected last month, according to the agency’s monthly Short-Term Energy Outlook released May 9.

Mark Shenk | Bloomberg News
May 9, 2017
Fuel, Business, Government, Equipment

Oil Falls as US Crude Supply Glut Seen Shifting to Fuel Tanks

Daniel Acker/Bloomberg News

Oil fell to the lowest in more than a month as the U.S. crude glut is seen moving to brimming fuel tanks. 

Mark Shenk | Bloomberg News
May 2, 2017
Business, Fuel

Crude Oil Falls After Smaller-Than-Expected US Inventory Drop

Matt Nager/Bloomberg News

Oil slipped after an industry report was said to show a smaller-than-anticipated U.S. crude inventory decline.

Mark Shenk | Bloomberg News
April 19, 2017
Business, Fuel

Oil Trades Near $48 as Investors Await Upcoming Producer Talks

Akos Stiller/Bloomberg News

Oil was little changed before a meeting between OPEC and its allies that may signal the outlook for extending their output curbs.

Mark Shenk | Bloomberg News
March 23, 2017
Business, Fuel

Oil Declines on Projected US Crude, Gasoline Supply Gains

Patrick T. Fallon/Bloomberg News

Oil dropped to the lowest in more than two weeks amid estimates that U.S. crude and gasoline inventories continue to climb.

Mark Shenk | Bloomberg News
February 7, 2017
Business, Fuel

Oil Falls From 16-Month High as OPEC Production Keeps Rising

Andrey Rudakov/Bloomberg News

Oil retreated from a 16-month high after OPEC pumped a record amount of crude in November.

Mark Shenk | Bloomberg News
December 6, 2016
Business, Fuel

Oil Falls as Focus Returns to OPEC After Trump Election Surprise

Patrick T. Fallon/Bloomberg News

Oil fell as the market’s focus shifted from the shock of Donald Trump’s U.S. presidential election victory to questions about OPEC’s ability to rebalance crude supply and demand.

Mark Shenk | Bloomberg News
November 10, 2016
Business, Fuel

US Crude Oil Stockpiles Drop Unexpectedly

Patrick T. Fallon/Bloomberg News

Nationwide crude stockpiles fell 553,000 barrels in mid-October, according to the Energy Information Administration.

Mark Shenk | Bloomberg News
October 26, 2016
Government

US Oil Production Outlook Improves as Estimates Increase

Brent Lewin/Bloomberg News

The Energy Information Administration bolstered its U.S. crude production outlook for 2016 and next year.

Mark Shenk | Bloomberg News
September 7, 2016
Business, Fuel

Oil Extends Decline After Unexpected US Crude Stockpile Gain

Eddie Seal/Bloomberg News

Oil extended its decline after a government report showed that U.S. crude stockpiles unexpectedly rose last week.

Mark Shenk | Bloomberg News
August 24, 2016

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