US to Release Oil From Strategic Reserve Due to Harvey
The U.S. government is releasing half-a-million barrels of crude oil from the Strategic Petroleum Reserve to a Gulf Coast refinery as the region’s refining industry works to recover from the devastation of Harvey.
Harvey Knocks Out More Refineries, Shifting Global Oil Flows
DALLAS — Hurricane Harvey is sending pump prices higher for U.S. motorists and causing temporary shifts in the flow of oil and gasoline around the world after taking down a huge chunk of U.S. refining capacity.
Harvey Could Have Deep Impact on Texas Oil, US Economy
Massive flooding caused by Tropical Storm Harvey along Texas’ refinery-rich coast could have long-standing and far-reaching consequences for the state’s oil and gas industry and the larger U.S. economy.
Oil Company Beefs Up Infrastructure to Get Trucks Off Crowded Roads
For many drillers in the remote Delaware Basin, a section of the broader Permian Basin that stretches across West Texas and New Mexico, the only way to get crude from the fringes of oil boom towns to global markets is to dispatch fleets of trucks to scattered wells, from where they haul oil and water to terminals and various other collection points.
Oil Poised for Weekly Decline Amid Weaker Demand Outlook
Oil slipped, heading for the biggest weekly loss in a month, as the outlook for demand dimmed in an already shaky market.
EIA Raises Both 2017, 2018 US Crude Production Forecasts
U.S. producers are seen pumping away, even with the price of West Texas Intermediate crude lingering below $50 a barrel, according to the latest government estimates.
Growing Economy Boosts Fuel Demand to Decade High
A growing U.S. economy sparked a jump in fuel demand from companies and travelers in June, which may help to ease a persistent supply glut.
Diesel Rises 1.6¢ to $2.507 as Oil Prices Reach Two-Month High
The U.S. average retail price of diesel rose 1.6 cents to $2.507 as crude climbed later in the week of July 24 to its highest price in nearly two months and Saudi Arabia announced it would make additional cuts in oil production, experts said.
Oil Climbs From Seven-Week High on Signs US Stockpiles Plunged
Oil extended gains from the highest close in seven weeks as industry data showed U.S. crude stockpiles plunged, easing a glut.
Diesel Rises 1.6¢ to $2.507; Crude Inches Up to $47
The U.S. average retail price of diesel rose 1.6 cents to $2.507 as crude prices inched up toward $47 a barrel after Saudi Arabia said it would make additional cuts in its own production.