Search Results for: oil price
US becoming largest oil producer in the global economy
September 30th, 2014
The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector. US production of oil and related liquids such as ethane ...
Standard Oil heirs join movement to divest In Fossil Fuels
September 23rd, 2014
The movement against investing in fossil fuels has reached a critical mass, with more than 800 individuals and institutions promising to rid their portfolios of $50 billion worth of investments in non-renewable fuels. On Sept. 22, the Rockefeller family ...
West TX Oil Eases Below $95 on Stock Build
September 17th, 2014
Brent crude steadied below $99 per barrel on Wednesday, after staging its steepest climb in two weeks in the previous session, on hopes the Organization of the Petroleum Exporting Countries (OPEC) will cut output and reduce a global supply ...
Oil Production 2014
September 17th, 2014
The world’s oil supply has shrunk considerably over the last few decades. Countries, mostly in the Middle East, with what seemed like a never-ending amount of oil, have begun limiting their exports. Some oil fields, such as the ones ...
West TX Oil at $93 on Softer Economic Data
September 16th, 2014
Brent crude was little changed just below $98 a barrel on Tuesday, holding gains after recovering from its lowest price in more than two years but capped by a soft global economic outlook. Data reflecting lackluster manufacturing output performance ...
Oil hits new 26 month low on China concerns
September 16th, 2014
The price of a barrel of oil slipped to a 26-month low during trading yesterday, hit by signs of a slowdown in China and despite the impact of new sanctions on Russia. Brent crude, the global oil benchmark, saw ...
U.S. Oil Boom Revitalizing Rust Belt Economy
September 11th, 2014
The American Midwest is enjoying a one-two punch of an economic boom thanks to hydraulic fracturing. The relatively new and still controversial technique is not only generating more energy, it’s also sparking a revitalization of old industries and boosting ...
BP May Owe Anglers $585 Million After Oil Spill
September 11th, 2014
People who fish recreationally in the Gulf of Mexico may be entitled to up $585 million in compensation due to lost fishing opportunities following the 2010 Deepwater Horizon oil spill. In the case of the BP spill, the money ...
Brent Oil Below $100 as Ample Supplies Weigh
September 10th, 2014
Brent crude oil prices fell below $100 per barrel in volatile trade on Tuesday, a fourth straight daily decline as ample supplies weighed, while U.S. crude rose on the expectation of dwindling fuel stockpiles. Prices were not far above ...
Africa likely to experience oil and gas boom
September 9th, 2014
A study released by PriceWaterhouseCoopers (PwC) concluded that Africa had the potential to experience a major mid-term energy boom. The survey forecast demand for oil on the continent would “rise significantly” over the next two decades, driven by larger ...
