Cushing News

North Dakota's already burgeoning oil production could soar another 50 percent next year as the state's capacity to export crude catches up with its ability to pump it, state regulators and industry officials say.

For Saudi Arabia, it is a philosophical issue that the black gold pouring out of its deserts should be treated as a tangible, physical commodity not the paper plaything of traders on Wall Street hedging against the weak dollar.

Ongoing shifts in the dynamics of the global oil industry are undermining the relevance of one of its best-known price markers.

FT.com Blow to Nymex as Saudis drop benchmark Move could encourage other producers to abandon the benchmark and threatens the dominance of the most heavily traded oil futures contract Javier Blas London - FT.com Published on Thursday, Oct.

Eighty-five million barrels a day. That's the world's current production of crude oiland that may very well be close to the world's PEAK production of crude oil.

A man hid in the bushes outside a Tulsa credit union Thursday morning, ambushed an employee as she arrived at work and then robbed the business.

Volatility is nothing new for crude oil prices, which can be swayed by a wide range of factors, ranging from fundamental supply and demand levels to speculative behavior.

Faltering returns on a popular oil trade strategy - holding crude off the market and committing to sell it later - is drawing millions of barrels into the world's physical markets.

Crude inventories continue to swell as oil prices rise on improved demand for gasoline.

Popular interest in energy ETFs is on the rise and an ETF provider has responded by launching a new fund in order to capture the short side of oil.

SemGroup Energy Partners, L.P. today announced that Brian Billings will resign as a member of the Board of Directors of SemGroup Energy Partners G.P., L.L.C., the general partner of SGLP, effective at the end of his existing term on September 30, 2009.

A man accused of killing three people in February has been granted a second delay in his arraignment.

A U.S. energy information company has brought a James Bond approach to the otherwise bland job of gathering oil inventory data, hoping high-tech detective work will attract the business of petroleum traders hungry for accurate supply figures.

The National Tactical Officers Association opened its 26th annual conference in Tulsa this week.

Dr. Jennifer Mazer places her stethoscope on Krystal Barrett's chest. "Deep breaths," she instructs the 15-year-old on a recent Thursday, " ... in and out." Fifteen-year-old Krystal Barrett takes deep breaths during a routine sports physical performed by Dr.

Late last year and into early 2009, West Texas Intermediate crude prices entered what was dubbed "super contango." The spot price for oil was far below the futures price, guaranteeing a huge profit for anyone who bought and stored barrels of oil and sold an offsetting futures contract.

On a still afternoon under a hot Oklahoma sun, neither a cloud nor an ounce of "volatility" was in sight.

File photo... The RM of Grey will get a boost to the coffers when the TransCanada Keystone Pipeline is completed and running.

A 13-year-old boy has been killed in a one-car crash in Payne County. It happened Wednesday morning at about 8:50 a.m. about a half mile west of State Highway 18 on Eseco Road, about six miles west of Cushing.

Oil prices fell to near $71 a barrel Friday as investors looked to U.S. monthly employment figures due later in the day for signs the economy may be recovering.