More Oil Articles

  • America's response to Iraq should begin with approving Keystone XL

    With the lightning advance of ISIS' jihadist army to the outskirts of Baghdad, Iraq is falling into chaos. The country's Shiites are mobilizing militias to fight the Sunni terrorists, while the nation faces a good possibility of some sort of Iranian intervention. Regardless of who ultimately...

  • Energy investments face a changing climate

    The opening bell has sounded for investors concerned about climate change.

  • Oil rises on US, China factory strength

    The price of oil edged up Wednesday on stronger manufacturing activity in the United States and China, the two biggest oil consumers. Benchmark U.S. crude for August delivery was up 8 cents to $105.42 per barrel at 0800 GMT in electronic trading on the New York Mercantile Exchange, breaking...

  • Government is why drilling permit approvals are slower than molasses, IG says

    In other shocking news: The federal government is impeding productivity. The Bureau of Land Management is taking its time to approve oil and gas drilling permits on federal and Indian lands, according to new report from the Department of the Interior's inspector general. Though federal law...

  • Chinese oil pipeline burns, thousands evacuated

    BEIJING (AP) — A leaking oil pipeline caught fire in the northeastern Chinese port city of Dalian, forcing the evacuation of nearly 20,000 residents, a government oil company said Tuesday. The pipeline was damaged by construction work at about 6:30 p.m. on Monday, allowing oil to flow into a...

  • Oil slips on hopes of stabilizing Iraq

    The price of oil declined for the third straight day Monday on signs that the insurgency in Iraq has been slowed and may be turned back. Benchmark U.S. crude for August delivery fell 37 cents to close at $105.37 a barrel in New York. The contract has fallen for three days in a row and five out...

  • Md. gas tax set to go up less than half a penny

    ANNAPOLIS, Md. (AP) — Maryland's gas tax is scheduled to rise as part of a series of increases approved last year by lawmakers. A gas tax hike of less than half a penny per gallon is scheduled to take effect on Tuesday. When lawmakers approved a gas tax measure last year, the bill included...

  • ND regulator wants state to monitor oil trains

    BISMARCK, N.D. (AP) — North Dakota should employ its own railroad safety inspectors to help the federal government monitor crude oil shipments coming from the state's booming oil patch, a state regulator said Friday. Public Service Commissioner Julie Fedorchak said the idea is aimed at...

  • Oil train dangers extend past Bakken

    BILLINGS, Mont. (AP) — The dangers posed by a spike in oil shipments by rail extend beyond crude from the booming Bakken region of the Northern Plains and include oil produced elsewhere in the U.S. and Canada, U.S. safety officials and lawmakers said. Acting National Transportation Safety...

  • Oil boom fuels drop in age in Great Plains states

    WASHINGTON (AP) — Want to reduce the effects of aging? Try oil. The United States' population is still getting older, but that's changing in the Great Plains because of the attraction of working in the booming oil and gas industries. The aging baby boom generation helped inch up the median...

  • How Obama gave hope to supporters of oil exports

    The Commerce Department has made a quiet decision to allow a pair of companies to send abroad minimally processed, ultra-light oil known as condensate. The ban on oil exports was created to enhance U.S. energy security in the wake of the 1970s Arab oil embargo.

  • North Dakota discloses oil train shipment details

    BISMARCK, N.D. (AP) — Dozens of mile-long trains loaded with crude are leaving western North Dakota each week, with most shipments going through the state's most populous county while en route to refineries across the country. The U.S. Department of Transportation ordered railroads last month...

  • Global oil under $114 as Iraq supply worries ease

    The price of global crude dipped under $114 Thursday as fears diminished somewhat over supply disruptions from Iraq while U.S. oil extended gains on looser U.S. export controls. Benchmark U.S. crude for August delivery rose 25 cents per barrel on the New York Mercantile Exchange. The contract...

  • North Dakota celebrates 1M barrels a day in oil

    TIOGA, N.D. (AP) — North Dakota's resurgent oil industry on Wednesday held a celebration marking the state's impressive 1 million barrels a day production level in the town where oil was first found in the state. World War II-era fighter planes swooped low above a grassy field in an airshow...

  • Oil fluctuates as traders eye Iraq, US output

    The price of crude oil fluctuated on Wednesday as investors monitored the turmoil in Iraq and weighed a report claiming U.S. export controls would be loosened. Benchmark U.S. crude for August delivery rose 38 cents to $106.41 per barrel on the New York Mercantile Exchange. The contract dropped...



From the Weekly Standard