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CBC.caGlobal oil glut grows to 2 million barrels a day as OPEC pumps moreCBC.caThe new data should be bad news for oil prices, but West Texas Intermediate crude was holding its price above $61 on Wednesday morning. The WTI contract was up 63 cents at $61.3
Admin 14.05.2015 0 67

Business InsiderWhat would it take to free US oil exports?Business InsiderWASHINGTON (Reuters) - Lawmakers pushing to repeal the 1970s-era ban on U.S. oil exports face a steep obstacle: The Obama administration sees no need to fully remove the restriction
Admin 13.05.2015 0 65

CBC.caOil gains to above $60 even as Goldman Sachs says rally can't lastCBC.caThe price of the North American oil benchmark gained another $1.35 to trade at $60 US a barrel on Tuesday despite a report from influential investment bank Goldman Sachs sugg
Admin 13.05.2015 0 75

CBC.caOil soars above $62, lifting the loonie to 83 centsCBC.caOil prices rose to a new high for the year above $62 on Wednesday, powering the Canadian dollar above 83 cents. Oil has been on a month-long rally amid signs that U.S. shale production is slowi
Admin 07.05.2015 0 63

Bismarck TribuneNorth Dakota OKs New Oil Tax Framework, Ends Price TriggersABC NewsWith oil prices sinking enough that drillers may soon see a more favorable tax rate, North Dakota lawmakers approved a new framework Friday that cuts the price-triggered exe
Admin 25.04.2015 0 90

CBC.caAlready facing a storage crisis, some oil producers are being creative in how ...CBC.caU.S. supplies of oil hit their highest level in 80 years this spring. Tank farms, such as the ones in Cushing, Okla, are nearing capacity. Cushing is one transit p
Admin 22.04.2015 0 87

CBC.caWTI oil price drops 6% as inventories jump more than expectedCBC.caBeyond the oil in storage, the new data showed that U.S. oil producers continue to pump out more oil than they ever have. Output increased by 9.4 million barrels during the month of M
Admin 09.04.2015 0 93

CBC.caOil dives to fresh 6-year low above $42, then reboundsCBC.caOil has been losing ground for seven trading sessions, amid reports that production continues to rise and oil storage tanks are approaching capacity. Late Tuesday, industry group the America
Admin 19.03.2015 0 92

CBC.caOil slips to $42, a fresh 6-year lowCBC.caOil has been losing ground for seven trading sessions, amid reports that production continues to rise and oil storage tanks are approaching capacity. Late Tuesday, industry group the American Petroleum Instit
Admin 19.03.2015 0 75

North Dakota counters plunging oil prices with $1.1 billion infrastructure 'surge'Washington TimesNo state among the lower 48 has been hit harder by the drop in oil prices than North Dakota, which is why Gov. Jack Dalrymple, a Republican, has taken
Admin 02.03.2015 0 99