crude oil

Government, Business, Fuel

US Could Soon Pump More Crude Than Saudis Can at Their Peak

Oil derricks in the Permian Basin Jim Hickcox/ Flickr

Propelled by the shale-oil boom, the U.S. is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the top spot. By midyear America will go one better.

Grant Smith | Bloomberg News
January 18, 2019
Business, Fuel

Oil Slips as Record US Production Undermines OPEC Supply Cut

Oil Production Ali Mohammadi/Bloomberg News

Oil retreated below $52 a barrel as data showing record U.S. crude production suggested markets may remain oversupplied despite output cuts by OPEC and its allies.

Heesu Lee and Grant Smith | Bloomberg News
January 17, 2019
Government, Business, Fuel

Oil Gains as US Stockpiles Seen Falling, China Plans Tax Cuts

Oil Field Angus Mordant/Bloomberg News

Oil rose amid estimates of another decline in U.S. crude inventories and signs that China is stepping up efforts to combat an economic slowdown.

Grant Smith and Simon Casey | Bloomberg News
January 15, 2019
Government, Business, Fuel

Petroleum Industry Meeting World Demand While Polluting Less, Institute Reports

The Royal Dutch Shell Plc Norco Refinery at night in Norco, La. Luke Sharrett/Bloomberg News

The U.S. petroleum industry is meeting record world demand while decreasing the amount of carbon emissions released into the skies, but challenges lie ahead if it hopes to maintain that momentum, according to the American Petroleum Institute’s annual report, “State of American Energy 2019.”

Jim Stinson | Staff Reporter
January 14, 2019
Business, Fuel

US Eagle Ford Growth Seen Stalling in 2019 on Lower Prices

Oil Rig Eddie Seal/Bloomberg News

Drillers in the Eagle Ford, a Texas shale oil patch, likely will scale back activity in 2019 as lower crude prices eat into cash flows, according to consulting firm Rystad Energy AS.

Sheela Tobben | Bloomberg News
January 8, 2019
Government, Fuel

Oil Extends Longest Rally in 17 Months as Supplies Seen Tighter

Oil Rig Taylor Weidman/Bloomberg News

Oil extended its longest run of daily gains in 17 months on renewed efforts by the U.S. and China to reach a trade deal, and expectations the market will be tightened by OPEC’s output cuts.

Grant Smith | Bloomberg News
January 8, 2019
Government, Fuel

Oil Set for Longest Gain in 17 Months on US Economy, OPEC Cuts

Oil Rig Brittany Sowacke/Bloomberg News

Oil headed for its longest stretch of daily gains in more than 17 months as the U.S. Federal Reserve sought to ease investor concerns, China moved to stimulate its economy and OPEC production cutbacks took effect.

Grant Smith | Bloomberg News
January 7, 2019
Business, Fuel

Oil Begins 2019 With Renewed Slide Amid Fears Over China Growth

Oil Production Daniel Acker/Bloomberg News

Oil started 2019 with another price slide as weaker Chinese manufacturing data pointed to slowing demand in the world’s second-biggest consumer of the fuel and to growing risks of a global crude surplus.

Grant Smith | Bloomberg News
January 2, 2019
Business, Fuel

Texas Job Growth to Take Hit if Oil Rout Drags On, Fed Says

Texas Precision Drilling oil rig operators install a bit guide on the floor of a Royal Dutch Shell Plc oil rig near Mentone, Texas. (Matthew Busch/Bloomberg News)

Job growth in the Lone Star State will likely weaken in the first half of 2019 if oil prices remain at current levels, according to the Federal Reserve Bank of Dallas.

Rachel Adams-Heard | Bloomberg News
December 28, 2018
Government, Business, Fuel

Oil Gains Near $52 as OPEC Cuts Weighed Against US Supply Rise

Oil Production Luke Sharrett/Bloomberg News

Oil was boosted to near $52 a barrel by a weak U.S. dollar while investors weighed if OPEC and its allies can successfully re-balance the market.

Tsuyoshi Inajima and Rakteem Katakey | Bloomberg News
December 17, 2018

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