Trains, Trucks and Two Tankers Involved in Perhaps Most Logistically Complex US Oil Trade Yet
Mercuria Energy Group has engineered perhaps the most logistically complex trade yet to export U.S. oil since a four-decade ban on sales was lifted.
August 25, 2016Oil Extends Decline After Unexpected US Crude Stockpile Gain
Oil extended its decline after a government report showed that U.S. crude stockpiles unexpectedly rose last week.
August 24, 2016OPEC Plans Informal in September, Sees Oil Dip as Temporary
The Organization of Petroleum Exporting Countries will hold informal talks at a conference in Algiers, Algeria, next month and considers the recent decline in oil prices temporary, the group’s president said Aug. 8.
August 8, 2016Shell Rotella Unveils New Engine Oil Lineup
WASHINGTON — Shell Rotella has unveiled its new lineup of lubricating oils, products designed to maintain the hotter-burning diesel engines coming in January 2017 and beyond.
July 25, 2016Oil Drops to Two-Month Low Amid Ample US Supply, Rising Dollar
Oil dropped to the lowest close in more than two months as the United States heads to the end of the summer-driving season with ample inventories.
July 22, 2016Shell Rotella Rolls Out New Engine Oils
WASHINGTON — Manufacturer Shell Rotella rolled out its new lineup of lubricating oils designed to maintain the hotter-burning diesel engines coming in January 2017 and beyond.
July 21, 2016Oil Trims Weekly Drop as US Production Falls Most Since 2013
Oil trimmed its biggest weekly decline in three months as investors weighed the largest drop in U.S. output since 2013 and a jump in payrolls against a smaller-than-expected stockpile decline.
July 8, 2016Oil Prices Surge 4%, Brent Back Above $50
NEW YORK — Oil prices surged 4% on June 30, with Brent settling above the psychological $50 a barrel mark, after a larger-than-expected drawdown in U.S. crude inventories.
June 30, 2016Report Finds New Oil Blends Could Improve Fuel Efficiency Up to 1.5%
Two new low-viscosity oil lubricants set to come onto the market, CK-4 and FA-4, will improve fuel efficiency in heavy-duty trucks between 0.5% and 1.5%, according to a new report from the North American Council for Freight Efficiency.
June 28, 2016Oregon Gov. Kate Brown Renews Call For Oil Train Moratorium
Gov. Kate Brown again called for a moratorium on oil trains in Oregon, after federal regulators released findings June 23 that blamed this month's fiery derailment and spill in the Columbia River Gorge on Union Pacific's failure to maintain its tracks.
June 24, 2016