Oil prices edge up slightly on voting day By Scott DiSavino NEW YORK, Nov 8 (Reuters) – Oil prices edged higher on Tuesday after trading either side of unchanged all morning, keeping crude in line with a small increase in U.S. stock markets as voters headed to the polls to elect the next president of the […]
Oil prices hold steady with Wall St as the U.S. votes Read More »
Previous disruption to Colonial pipeline flows from Sept. 9 to Sept. 21 resulted in record changes in gasoline stocks Following an outage that began on Oct. 31, Colonial Pipeline’s Line 1 resumed shipping gasoline early Sunday morning, according to the US Energy Information Administration. Line 1 carries gasoline from the Gulf Coast to as far east and
Colonial Pipeline restarts Line 1, resumes gasoline shipments to U.S. Southeast Read More »
Concerns about viability of OPEC deal growing By John Kemp LONDON, Nov 7 (Reuters) – Hedge funds and other money managers have reduced bullish bets on crude oil amid reported differences among OPEC members about how to implement their recently agreed output ceiling. Hedge funds cut their net long position in crude futures and options
Opinion: Hedge funds pare bullishness on oil, wait for OPEC deal Read More »
Bank looks for “a more constructive process to find a solution to the conflict” over Dakota Access Pipeline OSLO, Nov 7 (Reuters) – Norwegian bank DNB will reconsider its participation in the financing of the Dakota Access Pipeline if concerns raised by Native American tribes against its construction are not addressed, it said late on
Bank DNB says considering pulling financing on Dakota Access Pipeline Read More »
Gasoline prices up in Georgia by 8 cents from a week ago NEW YORK, Nov 7 (Reuters) – Retail U.S. gasoline prices remained elevated in some states on Monday following the restart of Colonial Pipeline’s main gasoline line early on Sunday after a fatal explosion last week. Prices in Georgia, one of the most affected states,
Gasoline prices still higher in some U.S. states after Colonial restart Read More »
Cushing Oklahoma home to storage tanks holding 60 million barrels of crude By Jessica Resnick-Ault NEW YORK, Nov 7 (Reuters) – U.S. pipeline companies with operations in Cushing Oklahoma, at the heart of the country’s commercial oil industry, restarted on Monday after a 5.0-magnitude earthquake late on Sunday triggered safety shutdowns. The epicenter of the
Cushing works to resume normal operations after 5.0 earthquake Read More »
Up 300,000 b/d from Sept. and 5th consecutive monthly increase Oil production from the Organization of the Petroleum Exporting Countries (OPEC) rose to another record, at 33.54 million b/d in Oct., according to survey of OPEC and oil industry officials by S&P Global Platts. Recoveries in strife-torn Libya and Nigeria significantly boosted the organization’s output and more
OPEC Oct. output sets new record of 33.54 million b/d -Platts Read More »
Egyptian oil imports part of Saudi aid deal CAIRO/ABU DHABI, Nov 7 (Reuters) – Egyptian oil imports from Saudi Arabia, part of a $23 billion aid deal from the kingdom. have been halted indefinitely, suggesting a deepening rift between the Arab world’s richest country and its most populous. Saudi Arabia has been a major donor to Egypt
Egyptian oil imports from Saudi Arabia halted indefinitely, Egyptian officials say Read More »
PDVSA oil spill affected drinking water in nearby communities CARACAS, Nov 7 (Reuters) – Venezuela’s state oil company PDVSA said on Monday there had been an oil spill in central Anzoategui state and it was supplying drinking water to affected communities during an operation over a radius of 50 kilometers (31 miles). PDVSA said in
PDVSA oil spill in Anzoategui state reported Read More »
Moroccan foreign minister says there has been “unrivalled progress” on climate change this year By Alister Doyle MARRAKESH, Morocco, Nov 7 (Reuters) – Almost 200 nations began work on Monday to turn promises for fighting climate change into action at a U.N. conference that played down threats to a 2015 global agreement if Republican Donald
Ignoring Trump, UN talks seek to turn climate change pledges into action Read More »
