Tag: U.S. crude

March 19, 2019

Venezuelan Petroleum Minister Manuel Quevedo has denounced U.S. sanctions against Caracas as a “direct attack” on its citizens. His comments come at a time when the oil-rich, but cash-poor, country is suffering the Western Hemisphere’s worst humanitarian crisis in recent […]

February 15, 2019

Analysts say oil prices are approaching breakout levels, and the final day of trading this week will offer clues about whether crude futures can keep rallying. Brent crude on Friday topped $65 a barrel for the first time this year, […]

January 7, 2019

The Port of Corpus Christi (PortCC) received outstanding news at the end of last week, as the U.S. Army Corps of Engineers awarded an initial contract for the deepening and widening of its ship channel to llinois-based Great Lakes Dredge […]

October 4, 2018

Oil prices on Thursday fell from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output. Brent crude oil futures were […]

March 14, 2017

Crude oil prices hovered near three-month lows on Tuesday in Asian trading, with investors waiting for key reports and data that may shed light on a supply overhang in the global market. U.S. West Texas Intermediate crude (WTI) was up […]

December 14, 2016

Oil prices edged off earlier gains to end Tuesday nearly unchanged, as the support from OPEC’s plan to limit production were undercut by an energy watchdog’s assessment of how much those nations are currently producing. Prices dipped in after-hours trading […]

September 19, 2016

Oil prices rose almost 2 percent on Monday, after Venezuela said OPEC and non-OPEC producers were close to reaching an output stabilizing deal and as clashes in Libya raised concerns that efforts to restart crude exports could be disrupted. Venezuelan […]

June 29, 2016

Oil rose on Wednesday as financial traders poured money back into commodities following the initial shock of Britain’s vote to leave the European Union, and as a potential strike in Norway and crisis in Venezuela threatened to cut supply. Read […]

June 23, 2016

Oil prices rose in early Asian trading on Thursday, shrugging off a smaller than expected decline in U.S. stockpiles as the market waited with bated breath for the result of Britain’s “Brexit” vote. Trading has been choppy in the run […]

June 22, 2016

Oil prices rose in early Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than expected draw on stocks. U.S. crude futures’ August contract, the […]

June 8, 2016

Crude prices will continue to rise this year and that means some oil companies will probably start spending money again, two industry chief executives said Tuesday. Superior Energy CEO David Dunlap anticipates prices will hit $60 per barrel by the […]

May 27, 2016

Oil futures dipped further in early Asian trade on Friday, finding resistance at the $50 a barrel mark as investors worried higher prices could reactivate shuttered crude output, adding to global oversupply. Oil pushed through $50 for the first time […]

May 19, 2016

Oil prices fell on Thursday, pulled down by rising U.S. crude inventories, a stronger dollar and surging output from Iran to Europe and Asia. Brent crude futures were down 87 cents, or 1.8 percent from their last settlement, trading at […]