crude oil News Updates

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.

Crude rose to a one-week high July 10 on concern shrinking U.S. crude stockpiles will exacerbate wide-ranging global supply disruptions.

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.

Oil retreated from the highest price in more than three years after surprise increases in U.S. crude and gasoline stockpiles.

Oil producers may be getting in their own way in the race to pump crude from the fertile Permian Basin.

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.

President Donald Trump’s assertion that OPEC is propping up oil prices amid oversupply and an excess of floating storage has a problem: It’s only half true.

Crude rose to its highest level since 2014 in New York as the drop in U.S. inventories reported by an industry group helped to sustain a rally spurred by geopolitical risks.

Guadalupe Road in south Victoria County, Texas, was brand new in August 2016 after the county spent $200,000 to repave it for the first time in decades. But in the last few weeks, it began to crumble and crack, forcing county crews to patch up the deteriorating surface.

The strength of oil consumption took analysts by surprise last year, and played a big role in crude’s recovery to a three-year high in January.