Oil Trades Near $57 as US Crude Stockpiles Seen Extending Drop
Oil traded near $57 a barrel for a third day before data expected to show that surplus crude inventories in the U.S. continued to diminish as global markets rebalance.
Goldman Says Big Oil Is Poised for Its Best Year in Decades
Big Oil’s slump is over and industry domination beckons, according to Goldman Sachs Group Inc.
Electric Vehicles Could Displace 8 Million Barrels of Oil Per Day by 2040
An energy transition is underway. Solar and wind are being added in ever-greater numbers. Electric vehicles are becoming more commonplace. Meanwhile, policy makers are grappling with the right mix of policies to pay for it all.
Oil Climbs to Two-Year High as Stockpiles Fall Before OPEC Meets
Oil climbed to a two-year high as U.S. industry data showed crude stockpiles resumed declines and investors awaited a decision by OPEC on extending output cuts.
US Oil Rises to 10-Month High as Stockpiles Seen Dropping
Oil rose to the highest level since early January in New York on expectations that government data will confirm another drop in U.S. crude inventories as the global surplus recedes.
Oil Set for Weekly Rise Amid Optimism on Re-Balancing Process
Oil climbed Oct. 13 as dwindling U.S. crude stockpiles and near-record Chinese imports signaled the worldwide glut is eroding.
Oil Gains as Irma Weakens to Storm While US Refining Returns
Oil rose as Irma weakened to a tropical storm after hitting Florida, while Gulf Coast refining continued to recover following storm Harvey.
US to Release Oil From Strategic Reserve Due to Harvey
The U.S. government is releasing half-a-million barrels of crude oil from the Strategic Petroleum Reserve to a Gulf Coast refinery as the region’s refining industry works to recover from the devastation of Harvey.
Harvey Knocks Out More Refineries, Shifting Global Oil Flows
DALLAS — Hurricane Harvey is sending pump prices higher for U.S. motorists and causing temporary shifts in the flow of oil and gasoline around the world after taking down a huge chunk of U.S. refining capacity.
Harvey Could Have Deep Impact on Texas Oil, US Economy
Massive flooding caused by Tropical Storm Harvey along Texas’ refinery-rich coast could have long-standing and far-reaching consequences for the state’s oil and gas industry and the larger U.S. economy.