Bryan Sims

Oil dips as dollar rises to highest in a week

Feb 06 2018

HOUSTON Oil fell for a third day on Tuesday as the U.S. dollar rose to its highest in more than a week in the wake of a sharp sell-off early this week on Wall Street and other stock markets.

Oil closes lower as stock market plunges, stronger dollar weighs

Feb 05 2018

HOUSTON Oil prices settled lower on Monday as rising U.S. output, a weaker physical market and recent dollar strength added to the pressure from a widespread decline across equities and commodities markets.

Crude volumes on BridgeTex pipeline seen up 16 percent this year: Magellan

Feb 01 2018

HOUSTON Magellan Midstream Partners LP expects crude volumes this year to increase 16 percent on the BridgeTex pipeline to accommodate shipments of more oil from the Permian Basin of West Texas and New Mexico, the largest U.S. oilfield, to exporters and refineries in the Houston Gulf Coast area, executives said.

Enterprise Products eyes expansion of Midland-to-Sealy crude pipeline

Jan 31 2018

HOUSTON Enterprise Products Partners LP said on Wednesday it could expand capacity on its Midland-to-Sealy crude oil pipeline by more than 20 percent to help transport even more oil from the Permian Basin of West Texas and New Mexico, the largest U.S. oilfield.

Oil falls for second day on stock market selloff, supply concerns

Jan 30 2018

HOUSTON Oil prices dipped for a second straight day on Tuesday, driven by ongoing evidence of rising U.S. crude output, while wary investors sold off stocks, bonds and commodities.

Oil settles lower after dollar strengthens, rising U.S. output

Jan 29 2018

HOUSTON Oil prices settled lower on Monday, pressured by a strengthening dollar and rising U.S. crude output, but prices remained on track for the biggest January increase in five years.

Diamond Pipeline disrupts oil flows around U.S.

Jan 29 2018

NEW YORK The Diamond Pipeline has scrambled crude oil flows around the U.S. Gulf Coast and Midwest since it opened in December, cutting supply at the Cushing hub and hammering Louisiana oil prices.

Oil settles higher, posts weekly gain as weak dollar underpins

Jan 26 2018

HOUSTON Oil prices settled higher on Friday after hitting three-year highs, with crude also posting a weekly gain as a weaker U.S. dollar underpinned prices.

Five missing after Oklahoma oil and gas drilling site explosion

Jan 22 2018

HOUSTON Five workers were missing after a fiery explosion on Monday at an oil and gas drilling site in eastern Oklahoma, officials said. | Video

Oil prices fall as rally falters on growing U.S. output concerns

Jan 19 2018

Houston Oil prices ended down on Friday and broke a four-week winning streak after a rally that had taken benchmarks to three-year highs, as investors sold positions on re-emerging U.S. production concerns.

World News