crude oil News Updates

Government, Business, Fuel

Shipping-Fuel Rule Change Cuts Demand for Canadian Oil

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

Pilot Flying J Expands Into Oil Exploration and Production Business

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

US Expected to Become World’s Top Oil Producer Next Year

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

Oil Rises as Shrinking US Stockpiles Add to Global Tightness

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

Oil Surges Above $75 in New York as Supply Outages Outpace OPEC

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

Oil Declines After Unexpected Increase in US Crude, Gasoline Stockpiles

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

Oil, Sand Railcars Compete for Track Space in Permian Basin

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

Alberta Drillers Near Deals With Railroads, Potentially Easing Oil Logjam

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, 2018
Business, Fuel

Trump’s Claim of ‘Oil All Over the Place’ Isn’t True Anymore

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.

April 20, 2018
Business, Technology, Logistics

Oil Rises to Highest Since 2014 on Bullish US Inventory Report

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.

April 18, 2018