More Oil Articles

  • 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...

  • Oil price falls 2 pct, biggest drop since April

    The price of oil plunged 2 percent Friday, the largest one-day drop since April, as Libyan oil appears poised to return to the market while global demand looks to be muted. Benchmark U.S. crude for August delivery fell $2.10 cents to close at $100.83 a barrel on the New York Mercantile...

  • AG: 'Big Oil' lawsuit supporter's term is over

    NEW ORLEANS (AP) — Louisiana Attorney General Buddy Caldwell says a south Louisiana flood board member who supports the board's environmental lawsuit against the oil and gas industry has reached the end of his term. That means Gov. Bobby Jindal may soon have another weapon as he and the...

  • Keystone XL's southern leg pumped billions into Texas and Oklahoma, so what's Obama waiting for on the northern link?

    President Obama has delayed making a decision on whether to approve construction of the northern leg of the proposed Keystone XL pipeline for nearly six years. Meanwhile, the recently completed southern leg of the pipeline has pumped billions of dollars into the regional economy.

  • Oil rises for first time in 2 weeks, near $103

    The price of oil bounced back late Thursday and rose for the first time in two weeks. Benchmark U.S. crude for August delivery gained 64 cents to $102.93 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, rose 54 cents to $109.01 on the ICE Futures...

  • Texas company proposes oil pipeline through Iowa

    DES MOINES, Iowa (AP) — A Texas company wants to build a 1,100-mile pipeline that would cut diagonally across Iowa from northwest to southeast and carry millions of gallons of crude oil a day extracted from western North Dakota's oil fields. Dallas-based Energy Transfer Partners LP said the...

  • Oil prices continue to fall as supplies grow

    The price of oil continued to fall Thursday, trading below $102 a barrel as the outlook for supply remained robust. By early afternoon in Europe, benchmark U.S. crude for August delivery was down 34 cents to $101.95 a barrel in electronic trading on the New York Mercantile Exchange. Brent...

  • Oil on 2-week slide even with Mideast turmoil

    NEW YORK (AP) — The price of oil fell for the ninth straight day Wednesday as global supplies continue to flow despite unrest in the world's most important oil-producing region. The prolonged drop could lead to lower gasoline prices for U.S. drivers in the weeks ahead. In the Middle East,...

  • State: Oil counties tops in North Dakota wages

    BISMARCK, N.D. (AP) — Well-paying jobs in western North Dakota's oil-producing counties helped propel the state's average annual pay by 4 percent last year to almost $48,000, state data show, though the state still hovers slightly below the national average. "We're seeing a nice uptick and...



From the Weekly Standard