In the first half of 2018, China was the biggest buyer of U.S. crude oil. In August and September, they barely bought any. Energy reporter Rebecca Elliott wrote about the sudden drop-off in the Wall Street Journal, and we talked to her about why this happened amid the ongoing trade war. Click the audio player above […]
Every time we pull into a gas station, we see the effect of rising global oil prices. Airlines are getting a bit of sticker shock, too, when they fill their planes with jet fuel. Crude oil is up close to 50 percent in the past year, which is likely to cut into profits and lead […]
Prices for West Texas crude oil are hovering around $65 a barrel. That’s more than twice the price at this time just two years ago. Oil companies, including major players like Exxon Mobil and Chevron, have let investors know they’re increasing production, specifically in Texas’ Permian Basin, where output has tripled in the past three years. […]
