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Tag Archives: Crude

U.S. fuel stocks rise, driving prices lower despite big crude draw

NEW YORK – U.S. crude oil stockpiles fell sharply last week as imports tumbled, while gasoline and distillate inventories rose despite a reduction in refinery runs, data from the Energy Information Administration showed on Wednesday. Crude inventories fell 5.5 million barrels in the week to Aug. 21, the biggest one-week decline since early June and counter to analysts’ expectations for ...

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Oil group hears city’s priorities for year

As the city starts off the new year, the worldwide dive of oil and gas prices is causing a new concern for the city’s 2015 budget, City Manager Daniel Valenzuela told the Desk and Derrick Club of San Angelo. “We are benefiting from the oil and gas industry and seeing an influx of money coming in because of it,” Valenzuela ...

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Oil prices expected to stay low through 2016

The news remains bleak for a state hooked on oil production and price, with the U.S. Energy Information Administration forecasting an average price of $58 per barrel in 2015. It’s a figure that, if it proves to be accurate, will leave Alaska billions of dollars in the red. In its short-term outlook issued Tuesday, the administration also said it expected ...

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New U.S. oil, gas well permits up slightly in December

HOUSTON- New oil and gas well permits issued across the United States rose slightly in December and surged 72 percent in Colorado and Wyoming after falling sharply in November on tumbling crude prices. Permit counts provided exclusively to Reuters by data firm DrillingInfo showed 4,551 new well permits were approved last month, up less than 1 percent from November’s count ...

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