crude oil News Updates

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
Government, Business, Fuel, Logistics, TCA

Crumbling County Roads: The Unintended Consequence of Energy Industry Traffic

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.

March 19, 2018
Business, Fuel, Logistics

Planes, Trains and Trucks: Global Trade Boom Fires Up Oil Demand

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

March 7, 2018
Business

Oil Demand Strong Into 2020, Bank of America Analyst Blanch Says

Oil demand will remain strong through at least 2020, pushing spot costs for crude above futures pricing.

February 26, 2018
Fuel

US Crude Output to Jump Above 11 Million Barrels a Day Sooner Than Expected

The U.S. government sees nationwide oil production jumping above 11 million barrels a day much quicker than anticipated.

February 6, 2018
Business, Fuel

Crude Breaks $65 as Record Drawdown Whittles US Oil Stockpiles

Crude popped above $65 a barrel for the first time in more than three years after U.S. crude stockpiles fell for a 10th week in the longest stretch of declines on record.

January 24, 2018
Business, Fuel

US Expects Domestic Crude Output to Hit Records in 2018, 2019

U.S. crude production will soar to a record this year before rising even more in 2019, according to a government forecast published Jan. 9.

January 9, 2018
Government, Business, Fuel

Trump Seeks to Open Most US Coastal Waters to New Drilling

The Trump administration is proposing to open almost all U.S. coastal waters to oil drilling, including those off California and Florida where activists have fought for decades to spare delicate ecosystems from oil spills.

January 4, 2018
Business, Fuel

Oil Rises to Two-Year High on US Stockpiles, Iran Unrest

Oil climbed to the highest level in more than two years on estimates that U.S. crude stockpiles fell for a seventh week, while unrest continued in OPEC鈥檚 third-biggest producer.

January 3, 2018
Business, Fuel

Oil Trades Near $57 as US Crude Stockpiles Seen Extending Drop

Oil traded near $57 a barrel for a third day before data expected to show that surplus crude inventories in the U.S. continued to diminish as global markets rebalance.

December 19, 2017