crude oil

Government, Safety, Fuel, TCA

Bill to Reshape Colorado Oil, Gas Regulations Coming Soon, Democrats Say

fracking Fracking taking place in Colorado. (Matthew Staver/Bloomberg News)

Tighter rules on Colorado oil and gas development struck out at the ballot box in November and at the state Supreme Court in January. Now, Democrats, who control the Legislature, plan to introduce a sweeping bill to redefine the Colorado Oil & Gas Conservation Commission’s mission to emphasize public health and safety.

Conrad Swanson | The Gazette (Colorado Springs, Colo.)
February 25, 2019
Government, Business, Fuel

Crude Dragged Lower as US Production Hits Record

Crude Christophe Viseux/Bloomberg News

Oil declined for the first time in more than a week after U.S. government data showed an increase in crude stockpiles and production, and as the commodity tracked moves in the equity market.

Jessica Summers | Bloomberg News
February 21, 2019
Business, Technology, Fuel, Logistics

Alberta Expects $1.7 Billion Profit From Crude-by-Rail Operation

crude rail James MacDonald/Bloomberg News

Alberta is preparing a giant crude-by-rail operation to help its oil-sands producers cope with a pipeline crunch, and it expects a big profit from the venture.

February 20, 2019
Business, Logistics

Venture Formed to Provide Bulk Liquids Storage, Logistics

Hartree Partners, a New York-based commodities trading firm, is forming a business to provide storage, terminaling and logistics services for producers of crude oil, refined petroleum products and other bulk liquids.

February 8, 2019
Government, Business, Fuel

US Refiners Cut Off From Venezuelan Crude After Sanctions

Crude Tanker Tim Rue/Bloomberg News

U.S. oil refiners won’t be allowed to complete shipments of Venezuelan crude they booked before the Trump administration slapped new sanctions on the Latin American nation.

Jennifer A. Dlouhy | Bloomberg News
February 4, 2019
Government, Business, Fuel

Oil Dips as China Slowdown Signals Demand Drop

Oil Rig Callaghan O'Hare/Bloomberg News

Crude skidded to its worst loss in a month as disappointing corporate profit forecasts stoked concern about the economy, bruising a market already anxious about booming American oil supplies.

Alex Nussbaum | Bloomberg News
January 28, 2019
Government, Business, Fuel, Logistics

US Crude Production to Beat EIA’s Outlook by 23 Years

Crude Oil Angus Mordant/Bloomberg News

A year ago, the U.S. government envisioned American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year.

January 25, 2019
Business, Fuel, Logistics

Railcar Loads for Canadian Oil Hit Record Amid Pipeline Bottleneck

Railroad tracks James MacDonald/Bloomberg News

Heavy Canadian crude isn’t getting cheaper, but that hasn’t stopped companies from splurging on costly rail shipments.

Robert Tuttle | Bloomberg News
January 24, 2019
Government, Business, Fuel

US Sanctions on Venezuelan Oil Could Benefit China, India

Oil Rig Bloomberg News

If the United States decides to deploy a slate of sanctions that it is said to have drafted against the Latin American nation, American refiners would be forced to cease purchases. That may mean more supply becomes available for the OPEC producer’s other big customers: China and India.

January 24, 2019
Government, Business, Fuel

US Could Soon Pump More Crude Than Saudis Can at Their Peak

Oil derricks in the Permian Basin Jim Hickcox/ Flickr

Propelled by the shale-oil boom, the U.S. is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the top spot. By midyear America will go one better.

Grant Smith | Bloomberg News
January 18, 2019