Adventures in HousingI've Always Wondered ...My EconomyTrump's Second Term

Loading...

0:00
0% played
Make a difference in our non-profit newsroom... and help Marketplace meet our year-end goal! Donate Today 💙
Stories Tagged as

Crude oil prices

U.S. crude is playing a bigger role in pricing global oil

by Lily Jamali
Jul 12, 2023
The addition of American crude oil to the Brent benchmark had an immediate impact on global oil prices.
Adding plentiful American crude to the Brent benchmark means the price is now influenced by a more stable source, said Eli Tesfaye of RJO Futures.
Frederic J. Brown/AFP via Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

The benchmark for determining global crude oil prices is changing

by Lily Jamali
Mar 31, 2023
Dated Brent, used to set the price of most of the world's oil, will include supplies from Texas for the first time.
West Texas Intermediate crude oil has the qualities needed for an update of the Brent index. Above, storage tanks in Midland, Texas.
Joe Raedle/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE
COVID-19

Global rebound drives crude oil higher

by Mitchell Hartman
Mar 8, 2021
With West Texas Intermediate selling above $60 a barrel, drilling and pumping oil is profitable in the U.S. Permian Basin.
In the fall, the global economy came out of COVID-19 hibernation, and demand for oil and gas began to outstrip supply.
Christopher Furlong/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE
COVID-19

West Texas oil patch girds for bust as crude price craters toward $20 a barrel

by Scott Tong
Mar 18, 2020
The Permian Basin region, anchored by the towns of Midland and Odessa, has survived past shakeouts, but some think this could resemble the crash of the 1980s.
A crude oil pipeline in Texas.
Joe Raedle/Newsmakers
Share Now on:
SHARE

Consumers see cheaper gas at the pump as COVID-19 reduces demand for oil

by Mitchell Hartman
Mar 5, 2020
Companies are using less oil to make and ship things. As consumers curtail travel, they use less oil, too.
Gas prices in the U.S. are down about 15 cents per gallon since January.
Scott Barbour/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE

How rising oil price ripples through economy

by Mitchell Hartman
Apr 25, 2019
Many products and services tend to cost more.
David McNew/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

Rising crude prices are kick-starting the Kansas oil industry back to life

by Brian Grimmett
Oct 8, 2018
Low oil prices hit the state's mostly small producers hard. As a barrel of oil goes up, the industry is hopeful profits will start flowing again.
Tom Casey, a supervisor at Express Oil Service, checks in with his workers.
Brian Grimmett/Kansas News Service
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

For public good, not for profit.

Donate