Tag Archives: crude

U.S. Oil Export Boom Boosts Pipeline Demand

The U.S. could add around 4 million barrels per day (mb/d) of additional supply in the coming years, and most of it will be shipped abroad, turning the U.S. into a major oil exporter. Most of the new supply will come in the form of light sweet and ultra-light oil. But because refineries along the […]

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The DNA of Oil Wells: U.S. Shale Enlists Genetics to Boost Output

A small group of U.S. oil producers has been trying to exploit advances in DNA science to wring more crude from shale rock, as the domestic energy industry keeps pushing relentlessly to cut costs and compete with the world’s top exporters. Shale producers have slashed production costs as much as 50 percent over two years, […]

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Oil Rises Most in a Week as U.S. Crude Surplus Seen Easing

(Bloomberg) — Oil advanced the most in a week as a drop in U.S. crude stockpiles bolstered speculation that the country’s surplus is easing. Futures climbed as much as 2.4 percent in New York to the highest in four days. Crude inventories shrank by 2.9 million barrels in the week ended June 12, the industry-funded […]

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