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Stories Tagged as

Crude oil

Costlier oil likely means higher prices for air travel

by Mitchell Hartman
Jun 5, 2018
Every time we pull into a gas station, we see the effect of rising global oil prices. Airlines are getting a bit of sticker shock, too, when they fill their planes with jet fuel. Crude oil is up close to 50 percent in the past year, which is likely to cut into profits and lead […]
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High prices for crude give oil producers something to think about

by Erika Beras
Feb 2, 2018
Domestic production is at record levels and reducing the need for foreign imports
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Higher oil prices and higher output give U.S. more clout

by Andy Uhler
Jan 31, 2018
Prices for West Texas crude oil are hovering around $65 a barrel. That’s more than twice the price at this time just two years ago. Oil companies, including major players like Exxon Mobil and Chevron, have let investors know they’re increasing production, specifically in Texas’ Permian Basin, where output has tripled in the past three years. […]
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Shelf Life

Why boom-bust oil prices may be here to stay

by Kai Ryssdal and Maria Hollenhorst
Apr 18, 2017
Robert McNally's 'Crude Volatility' looks at the cycle in a historical context.
“I think the sort of the next rude shock perhaps in the oil markets is that we will be thirstier for oil for a lot longer than folks hope and expect,” says energy analyst Robert McNally.
ROBYN BECK/AFP/Getty Images
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The amount of oil in the world is a mystery

by Scott Tong
Jul 27, 2016
Countries are not required to report storage data.
Oil pumps in operation at an oil field near central Los Angeles.
MARK RALSTON/AFP/Getty Images
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OPEC fails to set a cap on oil output but prices still go up

by Donna Tam
Jun 2, 2016
The group overseeing 40 percent of the world's oil production is not agreeing on a policy.
Kuwait Oil Company workers change pipes on a drilling rig in 2003 on the northern border between Iraq and Kuwait in Kuwait. Kuwait is a member of OPEC, a group responsible for 40 percent of the world's crude oil. The group failed to agree on an oil cap Thursday.
Photo by Joe Raedle/Getty Images
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Oil workers say their pay was stolen before the bust

by Marketplace Contributor
Mar 8, 2016
New lawsuits claim companies didn't pay earned wages and overtime.
A truck used to carry sand for fracking is washed in a truck stop on February 4, 2015 in Odessa, Texas.
Spencer Platt/Getty Images
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Right now Brent crude is cheaper than the barrel it comes in

by Tony Wagner
Jan 19, 2016
It's also cheaper than a keg of beer, an HDMI cable, a hoodie...
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Finally, a ship loaded with U.S. crude leaves port

by Scott Tong
Jan 4, 2016
Oil producers like having an overseas market, but the economics are against a large volume of exports.
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Crude oil is kind of like craft beer

by Adriene Hill and Scott Tong
Dec 29, 2015
The American price of crude oil has finally caught up to the rest of the world.
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