Oil prices underpinned by OPEC cuts Oil prices were mixed in trading on Monday as rising tensions in the Middle East underpinned values but concerns about increasing US production impacted gains. By 1:27 p.m. EST, benchmark Brent had fallen 35 cents to $63.17/barrel, but remained close to two-year highs after rising about 14 per cent
Oil prices mixed as Middle East tensions support market Read More »
US natural gas prices up by almost 10 per cent since beginning of November By John Kemp LONDON (Reuters) – US natural gas prices have bounced by almost 10 per cent since the start of the month as traders reassess their earlier bearish view this winter amid signs sentiment had become far too gloomy. Futures
Column: US natural gas prices rise as traders reassess gloomy outlook Read More »
Oil prices on track to rise for week Despite expectations that OPEC will extend their supply cut pact to the end of 2018, oil prices fell on Friday on concerns that US crude production will continue to rise. By 1:46 p.m. EST, benchmark Brent was down 34 cents to $63.59/barrel and US WTI dipped 36
Oil prices dip as weekly US rig count rises most since June Read More »
Flying taxis could be available by 2023 At the Web Summit conference in Lisbon, Portugal this week, Uber announced it hopes to launch a fleet of flying taxis by 2020. The ride-hailing service says it is developing project Elevate, which will offer commuters relief from congested roadways. The San Francisco-based company says it faces many
Uber, NASA developing flying taxis system Read More »
US exports of crude over 2 million b/d recently As US exports of crude topped 2 million barrels per day (b/d) in recent weeks, gasoline, distillate and LPG exports have also increased. Enterprise’s Morgan’s Point terminal located on the Gulf Coast came online last year along with Sunoco’s Marcus Hook terminal on the East Coast.
US exports of crude, gasoline, distillates, LPG booming Read More »
US gasoline and diesel stocks fall despite record refinery runs By John Kemp LONDON, Nov 9 – US stocks of gasoline and diesel continue to fall, despite record refinery runs, in a sign of strong demand at home and in export markets. U.S. refineries processed a seasonal record 16.3 million barrels per day (b/d) of
Column: US gasoline and diesel markets look tight Read More »
Oil prices “may have reached a short-term peak”: Analyst Oil prices rose slightly on Thursday on Saudi Arabia’s proposed export cuts for next month as well as political unrest in the kingdom. Brent crude was up by 56 cents to $64.05/barrel by 1:32 p.m. EST and US WTI rose 50 cents to $57.31/barrel. The Canadian
Oil prices up on Saudi supply cuts, political tensions Read More »
Chinese coal imports down to 21.28 million tonnes from 27.08 million tonnes in Sept. Chinese coal imports fell in October as Beijing continues its campaign to reduce air pollution by replacing coal with cleaner burning fuels in the northern part of the country. According to data from the General Administration of Customs, coal imports hit
Chinese coal imports fall in Oct. on air anti-pollution campaign Read More »
Carbon capture and storage (CCS) development has been held back due to high costs Carbon capture and storage, or CCS, technology could help industries known for having large carbon footprints reduce their CO2 emissions even though demand for their products is on the rise. The International Energy Agency forecasts the demand for steel, chemicals and
CCS technology a possible profit maker for oil majors Read More »
Oil prices slip in Wednesday trading Oil prices dipped in volatile trading Wednesday on rising tensions in the Middle East and despite US Energy Information Administration data that shows an increase in US production and a surprising increase in US crude stocks. By the end of the session, Brent crude was down 20 cents to
Oil prices lower on rising US crude stocks, Middle East tensions Read More »
