Oil started 2019 with another price slide as weaker Chinese manufacturing data pointed to slowing demand in the world’s second-biggest consumer of the fuel and to growing risks of a global crude surplus.
January 2, 2019crude oil News Updates
Texas Job Growth to Take Hit if Oil Rout Drags On, Fed Says
Job growth in the Lone Star State will likely weaken in the first half of 2019 if oil prices remain at current levels, according to the Federal Reserve Bank of Dallas.
December 28, 2018Oil Gains Near $52 as OPEC Cuts Weighed Against US Supply Rise
Oil was boosted to near $52 a barrel by a weak U.S. dollar while investors weighed if OPEC and its allies can successfully re-balance the market.
December 17, 2018Oil Extends Gain as US Stockpiles Drop and Trade Tensions Ease
Oil extended an advance after a U.S. industry report signaled a bigger-than-expected draw in nationwide crude inventories and as trade tensions eased between the world’s largest economies.
December 12, 2018US Holds Steady on Outlook for Domestic Oil Production Rising Despite Lower Prices
The U.S. government left its forecast for domestic crude production unchanged for 2019 even with prices averaging almost $11 a barrel lower than its previous estimate.
December 11, 2018Louisiana Offshore Port Ships Most Oil Ever on Supertankers
The Louisiana Offshore Oil Port is pushing out the most crude it’s shipped in any one month since the terminal began supertanker exports in February.
December 10, 2018US Becomes Net Oil Exporter for First Time in 75 Years
America turned into a net oil exporter the week of Nov. 26, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what President Donald Trump has branded as “energy independence.â€
December 6, 2018Iraq Resumes Kirkuk Oil Exports After Yearlong Pause
BAGHDAD — Iraq began piping oil from its fields around the disputed city of Kirkuk on Nov. 16, more than a year after exports were halted over troubles with the autonomous Kurdish administration north of the country.
November 16, 2018Oil Trades Near Six-Month Low as Fears of a Shortage Subside
Oil traded near a six-month low as the prospects of a tight global market at the end of the year further receded after the U.S. softened the restart of sanctions against Iran.
November 5, 2018Canadian Producers Turn to Oil Trucks as Supply Glut Grows
Tanker trucks laden with oil are journeying almost 500 miles to pipeline and rail terminals. It’s a phenomenon that Ken Boettcher, president of Three Star Trucking Ltd. in Alida, Saskatchewan, started to see three or four months ago when oil shippers around Kindersley, near the Alberta border, began requesting trucks to move their crude, in some cases, as far south as North Dakota.
October 31, 2018Follow Us
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