Oil rose to the highest level since early January in New York on expectations that government data will confirm another drop in U.S. crude inventories as the global surplus recedes.
November 1, 2017crude oil
Business
J. N. Stuart/Flickr;
Oil Set for Weekly Rise Amid Optimism on Re-Balancing Process
J. N. Stuart/Flickr;
Oil climbed Oct. 13 as dwindling U.S. crude stockpiles and near-record Chinese imports signaled the worldwide glut is eroding.
October 13, 2017
Business, Fuel
Daniel Acker/Bloomberg News
Oil Gains as Irma Weakens to Storm While US Refining Returns
Daniel Acker/Bloomberg News
Oil rose as Irma weakened to a tropical storm after hitting Florida, while Gulf Coast refining continued to recover following storm Harvey.
September 11, 2017
Business, Fuel
Daniel Acker/Bloomberg News
US to Release Oil From Strategic Reserve Due to Harvey
Daniel Acker/Bloomberg News
The U.S. government is releasing half-a-million barrels of crude oil from the Strategic Petroleum Reserve to a Gulf Coast refinery as the region’s refining industry works to recover from the devastation of Harvey.
August 31, 2017
Business, Fuel
The Flint Hills Resources oil refinery near downtown Houston on Aug. 29, 2017. (David J. Phillip/AP)
Harvey Knocks Out More Refineries, Shifting Global Oil Flows
The Flint Hills Resources oil refinery near downtown Houston on Aug. 29, 2017. (David J. Phillip/AP)
DALLAS — Hurricane Harvey is sending pump prices higher for U.S. motorists and causing temporary shifts in the flow of oil and gasoline around the world after taking down a huge chunk of U.S. refining capacity.
August 30, 2017
Business, Fuel
After helping the driver of the submerged truck get to safety, a man floats on the freeway flooded by Tropical Storm Harvey on Aug. 27, near downtown Houston. (Charlie Riedel/AP)
Harvey Could Have Deep Impact on Texas Oil, US Economy
After helping the driver of the submerged truck get to safety, a man floats on the freeway flooded by Tropical Storm Harvey on Aug. 27, near downtown Houston. (Charlie Riedel/AP)
Massive flooding caused by Tropical Storm Harvey along Texas’ refinery-rich coast could have long-standing and far-reaching consequences for the state’s oil and gas industry and the larger U.S. economy.
August 27, 2017
Business, Logistics, TCA
Noble Energy
Oil Company Beefs Up Infrastructure to Get Trucks Off Crowded Roads
Noble Energy
For many drillers in the remote Delaware Basin, a section of the broader Permian Basin that stretches across West Texas and New Mexico, the only way to get crude from the fringes of oil boom towns to global markets is to dispatch fleets of trucks to scattered wells, from where they haul oil and water to terminals and various other collection points.
August 14, 2017
Business, Fuel
Eric Gay/Associated Press
Oil Poised for Weekly Decline Amid Weaker Demand Outlook
Eric Gay/Associated Press
Oil slipped, heading for the biggest weekly loss in a month, as the outlook for demand dimmed in an already shaky market.
August 11, 2017
Business, Fuel
BaldoT83/Getty Images
EIA Raises Both 2017, 2018 US Crude Production Forecasts
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.
August 8, 2017
Business, Equipment, Fuel, Logistics
Daniel Acker/Bloomberg News
Growing Economy Boosts Fuel Demand to Decade High
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.
July 31, 2017Pages
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