U.S. oil stockpile rises by 5.3 million barrels
The nation’s oil stockpile increased by 5.3 million barrels last week, coming in well above the amount analysts had forecast, a new report shows. U.S. crude edged lower after the Energy Information Administration said U.S....
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Refiners export gasoline as glut continues
The U.S. has more gasoline than it knows what to do with. Exports have risen above imports for three consecutive weeks as recurring pipeline outages and higher production levels by refiners caused Gulf Coast inventories...
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Market Currents: Nigerian & Libyan oil exports up over a million barrels per day
After a strong sell-off in recent days, option expiry combines with OPEC cut expectations to emphatically rally prices on this third Tuesday in November. Hark, here are five things to consider in oil markets today:...
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USGS: Wolfcamp shale holds 20 billion undiscovered barrels of oil
Drillers have wrung oil out of West Texas for a century, but there’s still plenty left in untapped shale rocks. In its first assessment of the Wolfcamp shale, the U.S. Geological Survey estimated the formation...
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Energy Transfer files lawsuit to complete Dakota Access Pipeline
Dallas-based Energy Transfer Partners filed a lawsuit asking for federal court intervention to finish building the controversial Dakota Access Pipeline without final approval from the U.S. Army Corps of Engineers. The court filing comes just...
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