crude oil

Business

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
Business, Fuel

Oil Nears $70 as OPEC Tightens Supply, Hopes for Trade Deal Grow

Oil Al Seib/Los Angeles Times

Oil rose near $70 a barrel in London, a level last breached in November, as global crude supplies tightened while hopes for an end to the U.S.-China trade impasse lifted financial markets.

Grant Smith | Bloomberg News
April 3, 2019
Government, Business, Fuel

Trump Asks OPEC to Increase Oil Output to Keep Prices in Check

Oil Rig Ali Mohammadi/Bloomberg News

President Donald Trump renewed his criticism of OPEC, saying the cartel should increase production because prices are getting “too high.”

March 28, 2019
Business, Fuel

Oil Slips as Growth in US Supplies Feeds Into Market Anxieties

Oil Martin Divisek/Bloomberg News

Oil prices dipped as an unexpectedly high jump in U.S. crude supplies unnerved a market already worried about weakening global demand.

Alex Nussbaum | Bloomberg News
March 27, 2019
Government, Business, Technology, Fuel

Global Emissions Hit Record as Energy Demand Boosts Fuel Use

Emissions Qilai Shen/Bloomberg News

Carbon emissions from fossil-fuel use hit a record last year after energy demand grew at its fastest pace in a decade, reflecting higher oil consumption in the U.S. and more coal burning in China and India.

March 26, 2019
Business, Fuel

Oil Falls From Four-Month High on Concerns of Economic Slowdown

Oil Rig Al Seib/Los Angeles Times

Oil fell from its highest closing level in four months in New York as signs of a slowing global economy stirred concerns about fuel demand.

Grant Smith | Bloomberg News
March 22, 2019
Government, Business, Fuel

Oil Rises After OPEC Reaffirms Commitment to Production Cuts

Bloomberg News

Oil in New York rose to the highest level this year after OPEC and its partners agreed to go beyond their pledged supply curbs in the coming months.

March 19, 2019

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