Crude Oil

Crude oil markets continue to adjust to rise in N.D. production

The differential between West Texas Intermediate (WTI) and North Dakota's Bakken crudes continues to fluctuate, reflecting both production growth and changes in oil transportation capacity. FULL STORY »

Midwest refineries boost capacity for heavy crude oil

Despite recent national attention on rising domestic production of light sweet crude oil, especially from tight oil formations in North Dakota, some Midwest refiners are reconfiguring their facilities to process more heavy crude oil, which will likely come from Canada. FULL STORY »

Total U.S. crude oil imports continue to decline in 2012

At 8.5 million barrels per day (bbl/d), U.S. crude oil imports in 2012 were the lowest for any year since 1997, as growing domestic crude oil production drove a 444,000 bbl/d (5.0 percent) decline from the 2011 import level. FULL STORY »

OPEC crude oil production seen declining in 2013

Total crude oil production by the members of the Organization of the Petroleum Exporting Countries (OPEC) averaged 30.3 million barrels per day (bbl/d) in fourth-quarter 2012, down from 31.1 million bbl/d in the prior quarter. FULL STORY »

Gasoline and diesel fuel prices both fall again

The U.S. average retail price of regular gasoline decreased five cents to $3.71 per gallon, down 12 cents from last year at this time. FULL STORY »

Gasoline and diesel fuel prices both fall

The U.S. average retail price of regular gasoline decreased three cents to $3.76 per gallon, down three cents from last year at this time. FULL STORY »

Gasoline and diesel fuel prices up again

The U.S. average retail price of regular gasoline increased four cents to $3.78 per gallon, up six cents from last year at this time. FULL STORY »

Gasoline prices have risen since the start of the year

The average U.S. retail price for regular motor gasoline has risen 45 cents per gallon since the start of the year, reaching $3.75 per gallon on February 18. FULL STORY »

Changes to pipeline infrastructure to relieve Cushing bottleneck

Historically, Cushing, Oklahoma has served as the midcontinent hub for distribution of both crude oil imported to the U.S. Gulf Coast and West Texas crude oil production. FULL STORY »

Gasoline price up seven cents, diesel fuel increases eight cents

The U.S. average retail price of regular gasoline increased seven cents to $3.61 per gallon, up nine cents from last year at this time. FULL STORY »

Gasoline and diesel fuel prices both see double-digit increases

The U.S. average retail price of regular gasoline increased 18 cents to $3.54 per gallon, up six cents from last year at this time. FULL STORY »

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RX7320

When moving hay to feed dairy cows, farmers are seeking a versatile tractor. KITOI’s new Tier 4 RX series tractors ... Read More

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