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Tag Archives: u.s. oil

Senators rally behind oil trade with Mexico

Last week, 21 senators sent a letter to the U.S. Department of Commerce urging officials to promptly sign off on an oil trade of heavy Mexican crude oil in exchange for Light U.S. crude. The letter, which includes endorsements from energy-state representatives such as Lisa Murkowski, R-Alaska, John Cornyn, R-Texas, Ted Cruz, R-Texas and Heidi Heitkamp, D-N.D. calls for an ...

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Mexico’s Pemex proposes to import US crude

MEXICO CITY — Mexico’s state oil company wants to import about 100,000 barrels of light U.S. crude a day to mix with this country’s heavier oil as a way to improve refinery processes. State-owned Pemex said Thursday that the deal was proposed last year and would simply trade heavier Mexican crude for light U.S. oil. While the deal has not ...

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Financial shocker of the year: Oil at $60

NEW YORK — For the first half of 2014 the oil market looked just as it had the year before — and the 2 years before that. Oil was over $100 and drivers in the U.S. were paying around $3.50 for gasoline. Economies around the world seemed to have adjusted to higher priced oil and oil companies were using high ...

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