Alberta Drillers Near Deals With Railroads, Potentially Easing Oil Logjam
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.
April 26, 2018Trump’s Claim of ‘Oil All Over the Place’ Isn’t True Anymore
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.
Oil Rises to Highest Since 2014 on Bullish US Inventory Report
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.
Crumbling County Roads: The Unintended Consequence of Energy Industry Traffic
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.
Planes, Trains and Trucks: Global Trade Boom Fires Up Oil Demand
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.
Oil Demand Strong Into 2020, Bank of America Analyst Blanch Says
Oil demand will remain strong through at least 2020, pushing spot costs for crude above futures pricing.
February 26, 2018US Crude Output to Jump Above 11 Million Barrels a Day Sooner Than Expected
The U.S. government sees nationwide oil production jumping above 11 million barrels a day much quicker than anticipated.
Crude Breaks $65 as Record Drawdown Whittles US Oil Stockpiles
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.
US Expects Domestic Crude Output to Hit Records in 2018, 2019
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.
Trump Seeks to Open Most US Coastal Waters to New Drilling
The Trump administration is proposing to open almost all U.S. coastal waters to oil drilling, including those off California and Florida where activists have fought for decades to spare delicate ecosystems from oil spills.
January 4, 2018