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Tag: crude oil
Crude oil prices slide due to supply glut
2016-01-25 01:00:00| Offshore Technology
Crude prices have fallen again due to ongoing concerns about the global oversupply, with a snowstorm increasing demand for heating oil in the US.
The North Dakota crude oil that's worth less than nothing
2016-01-19 01:33:13| Energy - Topix.net
Oil is so plentiful and cheap in the U.S. that at least one buyer says it would need to be paid to take a certain type of low-quality crude. Flint Hills Resources LLC, the refining arm of billionaire brothers Charles and David Koch's industrial empire, said it would pay -$0.50 a barrel Friday for North Dakota Sour, a high- sulfur grade of crude, according to a list price posted on its website.
The North Dakota crude oil that's worth less than nothing
2016-01-19 01:07:56| Oil & Gas - Topix.net
Oil is so plentiful and cheap in the U.S. that at least one buyer says it would need to be paid to take a certain type of low-quality crude. Flint Hills Resources LLC, the refining arm of billionaire brothers Charles and David Koch's industrial empire, said it would pay -$0.50 a barrel Friday for North Dakota Sour, a high- sulfur grade of crude, according to a list price posted on its website.
Mid-Afternoon Market Update: Crude Oil Down Over 5%; Sarepta...
2016-01-16 21:53:35| Grocery - Topix.net
Toward the end of trading Friday, the Dow traded down 2.19 percent to 16,019.72 while the NASDAQ dipped 2.56 percent to 4,496.66. The S&P also fell, dropping 1.99 percent to 1,883.57.
Brent crude drops as Iranian oil supplies loom
2016-01-14 01:00:00| Offshore Technology
Brent crude has fallen to another 12-year low due to Iranian oil supplies looming on the market.
Tags: supplies
oil
drops
crude
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