crude oil


Oil Demand Strong Into 2020, Bank of America Analyst Blanch Says

Daniel Acker/Bloomberg News

Oil demand will remain strong through at least 2020, pushing spot costs for crude above futures pricing.

February 26, 2018

US Crude Output to Jump Above 11 Million Barrels a Day Sooner Than Expected

Daniel Acker/Bloomberg News

The U.S. government sees nationwide oil production jumping above 11 million barrels a day much quicker than anticipated.

Jessica Summers and Catherine Traywick | Bloomberg News
February 6, 2018
Business, Fuel

Crude Breaks $65 as Record Drawdown Whittles US Oil Stockpiles

Getty Images

Crude popped above $65 a barrel for the first time in more than three years after U.S. crude stockpiles fell for a 10th week in the longest stretch of declines on record.

Jessica Summers | Bloomberg News
January 24, 2018
Business, Fuel

US Expects Domestic Crude Output to Hit Records in 2018, 2019

Getty Images

U.S. crude production will soar to a record this year before rising even more in 2019, according to a government forecast published Jan. 9.

Jessica Summers | Bloomberg News
January 9, 2018
Government, Business, Fuel

Trump Seeks to Open Most US Coastal Waters to New Drilling


The Trump administration is proposing to open almost all U.S. coastal waters to oil drilling, including those off California and Florida where activists have fought for decades to spare delicate ecosystems from oil spills.

Jennifer A Dlouhy | Bloomberg News
January 4, 2018
Business, Fuel

Oil Rises to Two-Year High on US Stockpiles, Iran Unrest

A university student attends a protest inside Tehran University while a smoke grenade is thrown by anti-riot Iranian police, in Tehran, Iran, Dec. 30, 2017. AP Photo.

Oil climbed to the highest level in more than two years on estimates that U.S. crude stockpiles fell for a seventh week, while unrest continued in OPEC’s third-biggest producer.

Grant Smith | Bloomberg News
January 3, 2018
Business, Fuel

Oil Trades Near $57 as US Crude Stockpiles Seen Extending Drop

Pumping jacks stand near an Anadarko Petroleum Corp. oil rig site in Fort Lupton, Colo. Jamie Schwaberow/Bloomberg News

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.

Grant Smith | Bloomberg News
December 19, 2017
Business, Equipment, Fuel

Goldman Says Big Oil Is Poised for Its Best Year in Decades

Daniel Acker/Bloomberg

Big Oil’s slump is over and industry domination beckons, according to Goldman Sachs Group Inc.

Kelly Gilblom and Nejra Cehic | Bloomberg News
December 14, 2017
Business, Technology, Equipment, Fuel

Electric Vehicles Could Displace 8 Million Barrels of Oil Per Day by 2040

Scania CV AB

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.

Anindya Upadhyay and Iain Wilson | Bloomberg News
November 29, 2017
Business, Equipment, Fuel

Oil Climbs to Two-Year High as Stockpiles Fall Before OPEC Meets

Jim Gehrz/Minneapolis Star Tribune/MCT

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.

Ben Sharples and Grant Smith | Bloomberg News
November 22, 2017