Airlines are starting to hedge against the risk that fuel prices could be driven higher by rules targeting another industry’s environmental performance.
September 6, 2018crude oil
Government, Business, Fuel
Cargo planes. (Lajos Jardai/Bloomberg News)
Airlines Are Stepping Up Oil Hedges Before 2020 Shipping Rule Bites
Cargo planes. (Lajos Jardai/Bloomberg News)
Government, Business, Fuel
Iranian oil workers gather at an oil refinery south of Tehran, Iran. (Vahid Salemi/Associated Press)
China Shipowners Stop Hauling Iranian Oil as US Sanctions Near
Iranian oil workers gather at an oil refinery south of Tehran, Iran. (Vahid Salemi/Associated Press)
China’s shipowners are shunning Iran’s oil, while the OPEC producer is using its own tankers to supply top customers as impending U.S. sanctions threaten to disrupt global crude trade.
August 21, 2018
Government, Business, Fuel
TransCanada's Hardisty Terminal 1. (Brett Gundlock/Bloomberg)
Shipping-Fuel Rule Change Cuts Demand for Canadian Oil
TransCanada's Hardisty Terminal 1. (Brett Gundlock/Bloomberg)
New rules limiting the amount of sulfur allowed in shipping fuel is expected to cut demand for high-sulfur fuel oil and the sour crude that yields it. In Canada, that could extend — or worsen — the biggest price slump in nearly five years.
August 14, 2018
Business, Fuel, Logistics
John Sommers II for Transport Topics
Pilot Flying J Expands Into Oil Exploration and Production Business
John Sommers II for Transport Topics
Pilot Flying J is expanding its business portfolio with a move into the water, sand and crude oil-hauling business.
August 8, 2018
Government, Business, Fuel
Al Seib/Los Angeles Times/TNS
US Expected to Become World’s Top Oil Producer Next Year
Al Seib/Los Angeles Times/TNS
The United States has nosed ahead of Saudi Arabia and is on pace to surpass Russia to become the world’s biggest oil producer for the first time in more than four decades.
July 13, 2018
Government, Business, Fuel
Al Seib/Los Angeles Times/TNS
Oil Rises as Shrinking US Stockpiles Add to Global Tightness
Al Seib/Los Angeles Times/TNS
Crude rose to a one-week high July 10 on concern shrinking U.S. crude stockpiles will exacerbate wide-ranging global supply disruptions.
July 10, 2018
Government, Fuel
Daniel Acker/Bloomberg News
Oil Surges Above $75 in New York as Supply Outages Outpace OPEC
Daniel Acker/Bloomberg News
Crude soared above $75 a barrel in New York for the first time since 2014 on signs global supply outages outweigh OPEC’s pledged production rise.
July 3, 2018
Business, Logistics
Daniel Acker/Bloomberg News
Oil Declines After Unexpected Increase in US Crude, Gasoline Stockpiles
Daniel Acker/Bloomberg News
Oil retreated from the highest price in more than three years after surprise increases in U.S. crude and gasoline stockpiles.
May 23, 2018
Business, Fuel, Logistics
Kurt Haubrich/Flickr
Oil, Sand Railcars Compete for Track Space in Permian Basin
Kurt Haubrich/Flickr
Oil producers may be getting in their own way in the race to pump crude from the fertile Permian Basin.
May 4, 2018
Business, Fuel, Logistics
David Paul Morris/Bloomberg News
Alberta Drillers Near Deals With Railroads, Potentially Easing Oil Logjam
David Paul Morris/Bloomberg News
Alberta’s beleaguered oil industry may get some relief from its persistent shipping bottlenecks in the second half of the year as producers strike deals with rail companies to move more crude.
April 26, 2018Pages
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