More Oil Articles

  • 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...

  • Nebraska refuses to disclose oil train records

    LINCOLN, Neb. (AP) — Nebraska officials have refused to disclose the details of crude oil shipments railroads haul through the state. The Nebraska Emergency Management Agency says it plans to keep the information railroads provided confidential. Officials say the information is proprietary and...

  • Is it time to drain the Strategic Petroleum Reserve?

    Bloomberg reported Monday that U.S. crude oil production hit 11 million barrels a day during the first quarter of this year, beating both Saudi Arabia and Russia.

  • Quebec remembers victims of oil train disaster

    LAC-MEGANTIC, Quebec (AP) — Crowds packed a church in the eastern Quebec town of Lac-Megantic Sunday to remember the 47 people who were killed there a year ago when a runaway oil train derailed and exploded, sending cataclysmic fireballs that obliterated a large swath of the downtown district....

  • Allowing crude oil exports will benefit Americans

    President Obama and his energy team are testing the waters on crude oil exports.

  • Crude oil futures slip as Iraq risks recede

    The price of oil slipped Thursday as the risk of supply disruptions in Iraq faded and key export terminals in Libya were expected to reopen. Benchmark U.S. crude for August delivery fell 42 cents to $104.06 a barrel on the New York Mercantile Exchange, its sixth day of declines. On Wednesday,...

  • Iraq's oil potential goes untapped

    Anxiety over the turmoil in Iraq disrupting oil output is easing as Iraqi forces push back against the Sunni extremist insurgency, but long-term fears remain that the instability could cause painful aftershocks -- especially if it scares off multinational oil companies that had begun investing in...

  • 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...

  • 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.



From the Weekly Standard