Oil Rises From Two-Week Low
Oil rose from its lowest level in two weeks Sept. 11, on speculation that a U.S. attack on Syria may threaten Middle Eastern oil exports even after President Obama decided to delay military strikes, Bloomberg News reported.
September 11, 2013Oil Drops as Storm Concerns Fade
The price of oil dropped after the National Hurricane Center in Miami said there was no tropical cyclone activity in the Atlantic basin, Bloomberg News reported.
August 19, 2013Oil Use Falls to Lowest Level in 20 Years on High Prices
The American Petroleum Institute reported demand for oil in February fell to the lowest level for the month in 20 years, according to Bloomberg News.
March 22, 2013Valero Energy Corp.’s 4Q Income Increases
U.S. independent oil refiner Valero Energy Corp. said its fourth-quarter net income rose to $1 billion, or $1.82 per share, from $45 million, or 8 cents per share, a year ago.
January 29, 2013Oil-Field Specialty Trucks HOS Exemption Should Be Extended to Others, Carriers Say
An hours-of-service waiting time exemption for drivers of “specially constructed” oil-field operations trucks should be extended to include such other oil and gas operations trucks such as those that deliver sand and water, several motor carriers and trade association officials told federal regulators.
October 15, 2012Oil Rises After Two Days of Drops
Oil rose after two days of decreases on optimism that European finance ministers will make progress on the region’s debt crisis, Bloomberg reported.
October 9, 2012FMCSA Extends Comment Deadline for Oilfield Rule
The Federal Motor Carrier Safety Administration has pushed back the deadline for public comment about changes to the hours-of-service rules for oilfield haulers.
August 16, 2012Crude Oil Inventories Drop
Stockpiles of crude oil dropped 3.7 million barrels to 366.3 million, in the seven days ended Aug. 10, said the Department of Energy on Wednesday.
August 15, 2012Feds Approve Southern Leg of Keystone Pipeline
Federal officials have approved a permit for the southern leg of the Keystone XL pipeline that will run from an oil refinery in Cushing, Okla., to the Texas coast, the Associated Press reported.
July 31, 2012Oil Falls Following Friday’s $7 Surge
Oil fell more than $1 in early trading Monday after jumping more than $7 on Friday to finish last week near $85 a barrel, Bloomberg reported.
July 2, 2012