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Oil prices

Oil extended gains on Wednesday, with U.S. crude hitting $58 a barrel for the first time since July 2015 as a major pipeline cut Canadian crude flows to the United States, where inventories are expected to have fallen further. more

Nov 22, 2017 9:30 AM Refining/Petrochemical

Oil prices fell for a fourth session on Wednesday, weighed down by worries that data would show U.S. crude inventories rising after this week’s gloomy global demand outlook from the International Energy Agency (IEA). more

Nov 15, 2017 9:44 AM Refining/Petrochemical

Oil eased slightly on Wednesday as Chinese crude imports fell to a one-year low, but losses were partly offset by investor caution over rising political tensions in the Middle East. more

Nov 8, 2017 12:11 PM Refining/Petrochemical

Global demand for OPEC’s crude will rise in the next two years more slowly than expected, the group forecast, as a recovery in prices resulting from an OPEC-led supply cut stimulates renewed output growth from non-members. more

Nov 7, 2017 10:16 AM Refining/Petrochemical

Oil prices hit their highest since July 2015 on Monday as Saudi Arabia’s crown prince cemented his power over the weekend with an anti-corruption crackdown, while markets continued to tighten. more

Nov 6, 2017 9:48 AM Refining/Petrochemical

Oil prices steadied on Tuesday after a week of gains as the prospect of increasing U.S. exports dampened bullish sentiment that has driven Brent to more than two-year highs above $60 per barrel. more

Oct 31, 2017 9:36 AM Refining/Petrochemical

Oil prices held on to last week’s gains on Monday, supported by supply disruptions in Iraq and a drop in U.S. drilling. more

Oct 23, 2017 9:33 AM Refining/Petrochemical

Oil prices firmed on Tuesday, building on gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while tension rose between the United States and Iran. more

Oct 17, 2017 10:05 AM Refining/Petrochemical

Oil prices slipped on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production. more

Oct 12, 2017 9:36 AM Refining/Petrochemical

Texas Railroad Commissioner Ryan Sitton noted, “those of us in the industry have knowledge that most people don’t have,” adding that outside forces were to blame for a spike in gasoline prices in the aftermath of Hurricane Harvey. more

Oct 3, 2017 7:00 AM Refining/Petrochemical

Oil prices settled up 2 percent on Wednesday despite a rise in U.S. crude inventories, with the market heading for its largest third-quarter gain in 13 years. more

Sep 21, 2017 8:49 AM Tanks/Terminals/Storage

Oil prices slipped on Thursday, giving up some recent gains as the dollar strengthened ahead of a meeting of central bankers in Jackson Hole, Wyoming, which could signal changes to monetary policy. more

Aug 24, 2017 9:01 AM Emergency Response & Fire Rescue/Security

Oil prices rose on Friday after a strong U.S. jobs report bolstered hopes for growing energy demand, but crude prices declined for the week, pressured by rising OPEC exports and strong U.S. output. more

Aug 7, 2017 10:19 AM Training & Human Resources

U.S. refineries are producing more fuel than ever as they seek to meet rising demand - from overseas, rather than the drivers on nearby roadways. more

Jul 28, 2017 9:08 AM Refining/Petrochemical

EIA now forecasts Brent crude oil spot prices to average $51 per barrel (b) in 2017 and $52/b in 2018. West Texas Intermediate (WTI) crude oil prices are expected to be $2/b lower than Brent prices in 2017 and 2018. more

Jul 13, 2017 11:08 AM Refining/Petrochemical

The energy component of the Standard and Poor’s Goldman Sachs Commodity Index (GSCI) fell 11% during the first half of 2017, the largest decline for any commodity group in the index. more

Jul 7, 2017 9:19 AM Refining/Petrochemical

Oil prices plunged 5 percent to their lowest levels this year on Wednesday as U.S. crude inventories surged much more than expected to a record high. more

Mar 9, 2017 10:00 AM Refining/Petrochemical