crude oil

Government, Business, Fuel

Obama's $98.1 Billion Budget Proposes New Per-Barrel Fee on Oil

Jason Reed/Reuters

New infrastructure projects capable of withstanding severe weather events would be funded through a new tax on oil companies, according to the Obama White House’s fiscal 2017 budget request unveiled Feb. 9.

Eugene Mulero | Staff Reporter
February 9, 2016
Business, Fuel

World's Largest Energy Trader Sees a Decade of Low Oil Prices

Daniel Acker/Bloomberg News

Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the world’s largest independent oil-trading house.

ByJavier Blas and Ryan Chilcote | Bloomberg News
February 8, 2016
Government, Business, Fuel

Obama to Request $10-Per-Barrel Oil Tax for Transportation Needs

Andrey Rudakov/Bloomberg News

President Barack Obama will propose a $10-per-barrel tax on oil in his fiscal 2017 budget to finance self-driving cars, public transit, railroads and other transportation improvements, the White House said.

Justin Sink | Bloomberg News
February 4, 2016
Business, Fuel

Oil Prices Could Jump 50% by the End of 2016, Industry Analysts Say

Daniel Acker/Bloomberg News

Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year.

Ben Sharples | Bloomberg News
February 3, 2016
Business, Fuel

Oil Resumes Decline as US Stockpile Surge Worsens Global Glut

Daniel Acker/Bloomberg News

Oil resumed its decline after U.S. industry data showed crude stockpiles increased, exacerbating a global glut.

Mohammed Sergie and Anthony Dipaol | Bloomberg News
January 27, 2016
Business, Fuel

Crude Falls Below $35 per Barrel in New York for First Time Since 2009

Brent Lewin/Bloomberg News

Oil fell below $35 a barrel in New York for the first time since 2009 as Iran reiterated its pledge to boost crude exports, bolstering speculation OPEC members will exacerbate the global oversupply.

Grant Smith | Bloomberg News
December 14, 2015
Business, Fuel

Crude Oil Rises From Two-Week Low as Market Appears to Tighten

Brittany Sowacke/Bloomberg News

Oil climbed from a two-week low amid speculation that the buildup of U.S. crude inventories will soon end as refinery demand increases.

Mark Shenk | Bloomberg News
November 10, 2015
Business, Fuel

Oil Caps Weakest Quarter Since 2009 as Global Glut Seen Growing

Andrey Rudakov/Bloomberg News

Oil slipped, capping the lowest quarterly average price since the start of 2009 as U.S. crude inventories climbed.

Mark Shenk | Bloomberg News
October 1, 2015
Business, Fuel

Record Gasoline Output to Curb Biggest US Oil Glut in 85 Years

Ty Wright/Bloomberg News

Refiners are poised to make gasoline at a record pace this year, keeping the biggest U.S. crude glut in more than 80 years from overflowing storage.

Dan Murtaugh | Bloomberg News
Sheela Tobben | Bloomberg News
April 6, 2015
Business, Fuel

Oil Drops to 5-Year Low on Concern Supply Glut to Worsen

Daniel Acker/Bloomberg News

Crude oil dropped to the lowest level in more than five years Dec. 18 on concern a supply glut will worsen.

Moming Zhou | Bloomberg News
December 18, 2014

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