crude oil

Government, Business, Fuel

Oil Advances as Shrinking US Gasoline Supply Brightens Outlook

Oil A refinery along the Houston Ship Channel. (Scott Dalton/Bloomberg News)

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.

Alex Nussbaum | Bloomberg News
May 15, 2019
Business, Fuel

Oil Shrugs Off US Tariff Hike to Climb on Tighter Supply

Oil Angus Mordant/Bloomberg News

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.

Alex Longley | Bloomberg News
May 10, 2019
Business, Logistics

CN Rail Open to Moving Alberta’s Oil-Shipping Deals to Drillers

Canadian National Luke Sharrett/Bloomberg News

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, 2019
Business, Fuel

Oil Rises as Middle East Tension Drowns Out Trump Trade Threats

Oil Andrey Rudakov/Bloomberg News

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.

May 6, 2019
Business, Fuel

Two Texas Oil Towns Among Metros With Fastest Population Growth

Midland, Texas Getty Images

Two Texas economies are reaping the benefits from the oil boom in the Permian Basin with people “voting with their feet.”

Shelly Hagan | Bloomberg News
April 19, 2019
Government, Business, Fuel

With an Eye on Trump, Refiners Tout IMO Clean Fuel Rule as US Win

oil Luke Sharrett/Bloomberg News

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.

Stephen Cunningham | Bloomberg News
April 11, 2019

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, 2019
Business, Fuel

Crude at Five-Month High as US Gasoline Stockpiles Tumble

Oil Luke Sharrett/Bloomberg News

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.

Jessica Summers | Bloomberg News
April 10, 2019
Business, Fuel

Oil in Longest Run of Weekly Gains Since 2017 on Tight Supply

Oil Ali Mohammadi/Bloomberg News

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.

Grant Smith | Bloomberg News
April 5, 2019
Government, Business, Fuel

Colorado Drillers Face Tougher Rules Under New Reforms

Jamie Schwaberow/Bloomberg News

Colorado’s Legislature passed a sweeping overhaul of the state’s oil and natural gas laws, giving local governments more power to regulate drilling in one of the nation’s top crude-producing regions.

Catherine Traywick | Bloomberg News
April 5, 2019