Energy Secretary Rick Perry Says US Can Make Fossil Fuels Cleaner
The Trump administration is committed to making fossil fuels cleaner rather than imposing “draconian” regulations on oil, gas and coal, U.S. Energy Secretary Rick Perry said May 30.
Oil Advances as Shrinking US Gasoline Supply Brightens Outlook
Oil rose after a government report showed shrinking U.S. gasoline supplies, suggesting more demand ahead for crude as tensions flare in the Middle East.
Oil Shrugs Off US Tariff Hike to Climb on Tighter Supply
Oil pushed higher despite the U.S. imposition of higher tariffs on Chinese goods, as rising tensions in Iran and elsewhere kept the supply outlook tight.
CN Rail Open to Moving Alberta’s Oil-Shipping Deals to Drillers
Canadian National Railway Co. is open to transferring the crude-by-rail contracts that it signed with Alberta to private companies or to striking other arrangements that put its spare shipping capacity to use, CEO Jean-Jacques Ruest said.
May 9, 2019Oil Rises as Middle East Tension Drowns Out Trump Trade Threats
Oil recovered from early declines after President Donald Trump threatened to escalate his trade war with China but also dispatched warships to the Middle East in a warning to Iran.
Two Texas Oil Towns Among Metros With Fastest Population Growth
Two Texas economies are reaping the benefits from the oil boom in the Permian Basin with people “voting with their feet.”
With an Eye on Trump, Refiners Tout IMO Clean Fuel Rule as US Win
U.S. oil refiners, in line for a windfall from new ship-fuel rules, are taking steps to lock in the change quickly, concerned it could fall victim to President Donald Trump’s re-election push.
Gibson Energy Sells Canadian Truck Transportation
Gibson Energy Inc. sold Canadian Truck Transportation for C$100 million, the company announced in a news release.
April 11, 2019Crude at Five-Month High as US Gasoline Stockpiles Tumble
Crude closed at a five-month high after U.S. government data showed the biggest decline in gasoline stockpiles since 2017, offsetting an increase in crude inventories.
Oil in Longest Run of Weekly Gains Since 2017 on Tight Supply
Oil in New York headed for the longest weekly winning streak since November 2017 as crises from Venezuela to Libya threatened supplies, while optimism over U.S.-China trade talks buoyed the outlook for demand.