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Tag: crude oil


News and Policies, World

Oil rises 5% as cold snap boosts demand

January 22, 2016

Via: CNBS energy

Oil rose nearly 7 percent on Friday to above $31 in its largest weekly rally in three months, as a cold front sweeping the United States and Europe as well as firmer financial markets gave traders reason to cash in […]


Commercialization, Conventional Fuels

Crude oil prices started 2015 relatively low, ended the year lower

January 7, 2016

Via: US Energy Information Administration

Crude oil prices ended 2015 below $40 per barrel (b), the lowest level since early 2009. Spot prices for the international crude oil benchmark Brent averaged $52/b in 2015, 53% below the level in 2014 and 49% below the average […]


News and Policies, World

Enterprise contracts its first export of US crude oil

January 5, 2016

Via: Energy Global

Enterprise Products Partners L.P. has announced that it has agreed to provide pipeline and marine terminal services to load its first export of crude oil produced in the US under the law enacted earlier in December 2015. The 600 000 […]


News and Policies, World

House votes to lift crude oil export ban

October 12, 2015

Via: Energy Global

On Friday 9 October The House of Representatives voted to lift the ban on oil exports, despite threats of veto from the White House. Currently, the US produces approximately 9.3 million bpd. Votes were in favour, 261-159, to lift ban […]