oil News Updates

Business, Fuel

Oil Extends Gains as Industry Report Shows US Stockpile Drop

Oil extended its advance as industry data showed U.S. crude stockpiles declined last week.

December 21, 2016
Business, Fuel

Oil-Field Transportation Sector Requires Specialized Trucks, Versatile Drivers

Trucks used in oil and gas fields are a breed apart from highway trucks, and the drivers who operate them need additional skills beyond those required of over-the-road truckers, executives in this sector said.

November 21, 2016
Business, Fuel

Oil Falls as Focus Returns to OPEC After Trump Election Surprise

Oil fell as the market’s focus shifted from the shock of Donald Trump’s U.S. presidential election victory to questions about OPEC’s ability to rebalance crude supply and demand.

November 10, 2016
Business, Fuel

Oil Losses Ease as Market Turmoil Abates After Trump Victory

Oil losses eased as global markets weighed the implications of Republican Donald Trump’s election as the 45th U.S. president.

November 9, 2016
Business, Fuel

World’s Second-Biggest Oil Company Thinks Demand May Peak in Five Years

Royal Dutch Shell, the world’s second-biggest oil company by market value, thinks demand for oil could peak in as little as five years.

November 2, 2016
Business, Fuel

Oil Traders May Find Profit at Sea Again as Prices Sink

As crude prices continue to get dragged down by a global glut that shows no signs of abating, oil traders may find some profit by going to sea.

, November 2, 2016
Business, Fuel

US Crude Oil Stockpiles Drop Unexpectedly

Nationwide crude stockpiles fell 553,000 barrels in mid-October, according to the Energy Information Administration.

October 26, 2016
Business, Fuel

OPEC Agrees to Cut Oil Production; Pump Prices Likely to Rise

OPEC agreed to cut production for the first time in eight years, according to a delegate briefed on the matter, sending oil prices more than 6% higher as Saudi Arabia and Iran wrong-footed traders who expected a continuation of the pump-at-will policy the group adopted in 2014.

September 28, 2016
Business, Fuel

Chevron Unveils Lineup of New CK-4, FA-4 Oils

Chevron Products Co., a division of Chevron U.S.A. Inc., has introduced its new line of Delo 400 API CK-4 and FA-4 heavy duty motor oils coming Dec. 1. 

August 29, 2016
Business, Equipment, Logistics, Fuel

Exxon to Introduce New Engine Oils on Website

ExxonMobil said it will introduce the new product line and details of its Mobil Delvac-branded CK-4 and FA-4 commercial vehicle engine oils on its website, mobildelvac.com on Sept. 20.

August 26, 2016