crude oil

Business, Fuel

EIA Raises Both 2017, 2018 US Crude Production Forecasts

Gulf of Mexico Oil Production BaldoT83/Getty Images

U.S. producers are seen pumping away, even with the price of West Texas Intermediate crude lingering below $50 a barrel, according to the latest government estimates.

Jessica Summers | Bloomberg News
August 8, 2017
Business, Equipment, Fuel, Logistics

Growing Economy Boosts Fuel Demand to Decade High

Fuel Pumps Daniel Acker/Bloomberg News

A growing U.S. economy sparked a jump in fuel demand from companies and travelers in June, which may help to ease a persistent supply glut.

Jessica Summers | Bloomberg News
July 31, 2017
Government, Business, Fuel

Diesel Rises 1.6¢ to $2.507 as Oil Prices Reach Two-Month High

diesel fuel mobil truck Daniel Acker/Bloomberg News

The U.S. average retail price of diesel rose 1.6 cents to $2.507 as crude climbed later in the week of July 24 to its highest price in nearly two months and Saudi Arabia announced it would make additional cuts in oil production, experts said.

Roger Gilroy | Staff Reporter
July 27, 2017
Business, Fuel

Oil Climbs From Seven-Week High on Signs US Stockpiles Plunged

Oil Rig Robert Seale/Bloomberg News

Oil extended gains from the highest close in seven weeks as industry data showed U.S. crude stockpiles plunged, easing a glut.

Grant Smith | Bloomberg News
July 26, 2017
Government, Fuel

Diesel Rises 1.6¢ to $2.507; Crude Inches Up to $47

diesel truck stop driver fuel flickr Texas Flickr

The U.S. average retail price of diesel rose 1.6 cents to $2.507 as crude prices inched up toward $47 a barrel after Saudi Arabia said it would make additional cuts in its own production.

Roger Gilroy | Staff Reporter
July 24, 2017
Business, Fuel

Oil Steadies Amid Mixed Signals on US Crude Inventories

North Dakota Bakken shale Jim Gehrz/Minneapolis Star

Oil was steady amid mixed signals on U.S. crude inventories, with industry data showing supplies increased last week while government statistics were expected to show a decline.

Bloomberg News
July 19, 2017
Government, Fuel

Diesel Rises 1¢ to $2.491; U.S. Shale Produces 5.58 Million Barrels a Day

truck stop diesel Mériol Lehmann/Flickr

The U.S. average diesel price has risen a cent to $2.491, the Department of Energy said July 17. The fuel has increased 2.6 cents over three weeks.

Laurie Wiegler | Staff Reporter
July 17, 2017
Government, Fuel

US Cuts 2018 Crude Production Forecast Amid Lower Prices

Oilfield pumpjacks Al Seib/Los Angeles Times

U.S. crude producers are still set to pump record amounts of the commodity next year, but less so than previously projected, according to the latest government estimates.

Meenal Vamburkar | Bloomberg News
July 11, 2017
Business, Fuel

Oil Posts Weekly Decline as US Drillers Resume Expansion

oil prices Jim Gehrz/Minneapolis Star Tribune/MCT

Oil prices declined for the week of July 3, as expanded U.S. drilling activity and added production offset a larger-than-expected drop in stockpiles.

Meenal Vamburkar | Bloomberg News
July 7, 2017
Business, Fuel

Trains, Trucks and Two Tankers Involved in Perhaps Most Logistically Complex US Oil Trade Yet

Daniel Acker/Bloomberg News

Mercuria Energy Group has engineered perhaps the most logistically complex trade yet to export U.S. oil since a four-decade ban on sales was lifted.

Andy Hoffman | Bloomberg News
Javier Blas | Bloomberg News
Sheela Tobben | Bloomberg News
Laura Hurst | Bloomberg News
August 25, 2016

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