President Barack Obama will propose a $10-per-barrel tax on oil in his fiscal 2017 budget to finance self-driving cars, public transit, railroads and other transportation improvements, the White House said.
February 4, 2016crude oil
Government, Business, Fuel
Andrey Rudakov/Bloomberg News
Obama to Request $10-Per-Barrel Oil Tax for Transportation Needs
Andrey Rudakov/Bloomberg News
Business, Fuel
Daniel Acker/Bloomberg News
Oil Prices Could Jump 50% by the End of 2016, Industry Analysts Say
Daniel Acker/Bloomberg News
Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound by the end of the year.
February 3, 2016
Business, Fuel
Daniel Acker/Bloomberg News
Oil Resumes Decline as US Stockpile Surge Worsens Global Glut
Daniel Acker/Bloomberg News
Oil resumed its decline after U.S. industry data showed crude stockpiles increased, exacerbating a global glut.
January 27, 2016
Business, Fuel
Brent Lewin/Bloomberg News
Crude Falls Below $35 per Barrel in New York for First Time Since 2009
Brent Lewin/Bloomberg News
Oil fell below $35 a barrel in New York for the first time since 2009 as Iran reiterated its pledge to boost crude exports, bolstering speculation OPEC members will exacerbate the global oversupply.
December 14, 2015
Business, Fuel
Brittany Sowacke/Bloomberg News
Crude Oil Rises From Two-Week Low as Market Appears to Tighten
Brittany Sowacke/Bloomberg News
Oil climbed from a two-week low amid speculation that the buildup of U.S. crude inventories will soon end as refinery demand increases.
November 10, 2015
Business, Fuel
Andrey Rudakov/Bloomberg News
Oil Caps Weakest Quarter Since 2009 as Global Glut Seen Growing
Andrey Rudakov/Bloomberg News
Oil slipped, capping the lowest quarterly average price since the start of 2009 as U.S. crude inventories climbed.
October 1, 2015
Business, Fuel
Ty Wright/Bloomberg News
Record Gasoline Output to Curb Biggest US Oil Glut in 85 Years
Ty Wright/Bloomberg News
Refiners are poised to make gasoline at a record pace this year, keeping the biggest U.S. crude glut in more than 80 years from overflowing storage.
April 6, 2015
Business, Fuel
Daniel Acker/Bloomberg News
Oil Drops to 5-Year Low on Concern Supply Glut to Worsen
Daniel Acker/Bloomberg News
Crude oil dropped to the lowest level in more than five years Dec. 18 on concern a supply glut will worsen.
December 18, 2014
Business, Fuel
Jamie Schwaberow/Bloomberg News
WTI Crude Slips Below $90 for First Time in 17 Months
Jamie Schwaberow/Bloomberg News
West Texas Intermediate oil fell below $90 for the first time in 17 months amid signs that supplies from Russia, Saudi Arabia and the U.S. are outstripping demand.
October 2, 2014Pages
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