More Oil Articles

  • Oil gains further on concerns over Ukraine, Gaza

    The price of oil rose above $103 a barrel Tuesday on persisting jitters over the situation in Gaza, the standoff over the shooting down of a Malaysian airliner in Ukraine and expectations of a fall in U.S. crude inventories. By early afternoon in Europe, U.S. benchmark crude for September...

  • Oil prices rebound above $103 on geopolitical risk

    Oil prices rebounded slightly on Monday as traders gauged the possibility of more sanctions against Russia and more violence in Libya. By mid-afternoon in Europe, benchmark U.S. crude for August delivery was up 45 cents to $103.58 a barrel in electronic trading on the New York Mercantile...

  • US oil, gas lease sale staged under protest

    RENO, Nev. (AP) — A U.S. Bureau of Land Management sale of oil and gas leases on public land in central Nevada has been conducted under protest. Earlier this year, Lander County commissioners, the Center for Biological Diversity, the Yomba Shoshone Tribe and the Gandolfo Ranch filed protests...

  • Obama opens Eastern Seaboard to oil exploration

    ST. AUGUSTINE BEACH, Fla. (AP) — The Obama administration is reopening the Eastern Seaboard to offshore oil and gas exploration, approving seismic surveys using sonic cannons that can pinpoint energy deposits deep beneath the ocean floor. Friday's announcement is the first real step toward...

  • Obama administration hands oil industry a big win

    The Obama administration announced Friday that it would allow exploration for oil and gas off some portions of the Atlantic Coast using sonic testing devices that environmentalists say harm marine life.

  • How to shore up the highway fund

    The Highway Trust Fund is broken. Slated to run out of money by Aug. 1, the fund has relied on an 18.4-cent per gallon gasoline tax last raised in 1993.

  • Oil well opponents seek to block drilling project

    SCIO TOWNSHIP, Mich. (AP) — Opponents of an oil well in Washtenaw County are seeking court intervention to stop work at the approved site. The state Department of Environmental Quality approved Traverse City-based West Bay Exploration Co.'s application earlier this year, despite objections...

  • Hickenlooper asks public to reject oil, gas limits

    DENVER (AP) — A day after giving up on efforts to call a special legislative session on oil and gas drilling, Gov. John Hickenlooper appealed to the public Thursday to decry possible ballot measures to curb the industry. Hickenlooper joined dozens of industry allies to say that proposed...

  • Oil rises past $103 on geopolitical turmoil

    The price of oil rose 2 percent Thursday on lower U.S. inventories and concerns that geopolitical tensions could disrupt global supplies. Benchmark U.S. crude for August delivery rose $1.99 to close at $103.19 a barrel on the New York Mercantile Exchange. On Wednesday, the Nymex contract added...

  • Oil surges to near $103 as US stockpiles fall

    The price of oil surged to near $103 a barrel Thursday after a U.S. inventories report showed a larger-than-expected drop in crude oil supplies. By early afternoon in Europe, benchmark U.S. crude for August delivery was up $1.64 at $102.84 a barrel in electronic trading on the New York...

  • California hearing addresses oil refinery rules

    LOS ANGELES (AP) — Residents of modest neighborhoods near three of the largest oil refineries in California called on the Environmental Protection Agency on Wednesday to crack down on plant emissions, saying the pollution is choking their children and endangering their health. Residents of...

  • How fracking is making Colorado Democrats quiver

    Democratic Sen. Mark Udall announced his opposition Wednesday to statewide ballot initiatives being bankrolled by Rep. Jared Polis that would impose restrictions on hydraulic fracturing, or fracking.

  • Oil price rises on inventory draw, China growth

    Oil prices rose Wednesday on a large drain in U.S. oil inventories and a slight improvement in economic growth in China. Benchmark U.S. crude for August delivery rose $1.24 to close at $101.20 a barrel on the New York Mercantile Exchange. On Tuesday, the Nymex contract dipped below $100 per...

  • Oil falls below $100 for first time since May

    The price of oil fell below $100 a barrel for the first time since May even as the deteriorating security situation in Libya has raised questions about whether the country can soon increase crude exports. Benchmark U.S. crude for August delivery fell 95 cents to close at $99.96 a barrel on the...

  • Oil edges lower after big drop on Libyan supplies

    The price of oil edged down toward $100 a barrel on Monday after its biggest one-day drop since April following growing expectations of more supplies from Libya. By early afternoon in Europe, benchmark U.S. crude for August delivery was down 28 cents at $100.55 a barrel in electronic trading on...



From the Weekly Standard