Currently viewing the tag: "Media & News"

Oil mixed after OPEC-fueled bounce

On September 17, 2014 - 8:41 AM By

NEW YORK (MarketWatch) — Oil futures are mixed Wednesday, a day after long-suffering crude posted a sharp rebound on talk of a potential production cut by the Organization of the Petroleum Exporting Countries and expectations the Federal Reserve won’t be more aggressive in signaling future rate hikes. West Texas intermediate crude for October delivery on [...]

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Oil up on Opec production cut talk

On September 16, 2014 - 1:15 PM By

NEW YORK — Brent and US crude futures rose more than a dollar on Tuesday on the prospect of a possible Organisation of the Petroleum Exporting Countries (Opec) production cut and on news that Libya curbed output after rockets hit an area near a refinery. Oil prices pushed higher early after Opec secretary general Abdallah [...]

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Quartz (qz.com) | US oil companies plan a massive campaign in the coming months to persuade president Barack Obama to overturn a ban on the export of crude oil that has held since the Arab embargoes of the 1970s. Their motivation is understandable enough: profit. Crude oil exports are opposed by the US chemical and [...]

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The Globe and Mail | World oil prices sank to their lowest intraday level in more than two years after the West’s energy-security watchdog cut its forecast for demand growth, threatening the earnings momentum that had returned to the Canadian oil patch. The International Energy Agency said in its September oil market report that economic [...]

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By Robert Gibbons | Reuters NEW YORK, Sept 11 (Reuters) – Benchmark Brent crude dropped to a two-year low on Thursday, falling for a sixth straight session as increasing supply and signs of weakening demand countered worries that conflicts in the Middle East could curb output. Oil prices fell in tandem early in the day, [...]

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By Dan Murtaugh and Lynn Doan | Bloomberg Drivers across the U.S. enjoying the lowest pump prices for this time of year since 2010 will probably see further declines as refineries benefiting from the shale boom produce record amounts of fuel. The average is $3.433 a gallon, down 6 percent since Memorial Day on May 26, AAA data show. [...]

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Its USDA Time Already! [PRICE Links Video]

On September 5, 2014 - 10:19 AM By

  Its USDA Time Already! With Jack Scoville. [PRICE Links Video Series] Recorded on: 9/4/2014 Learn More about the Rogers International Commodity Index® (RICI®) You can reach Phil Flynn at (888) 264-5665 or pflynn@pricegroup.com View All of the PRICE Links Videos The PRICE Links Video Series gives you access to the minds of the industry’s [...]

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By Anna Louie Sussman and Robert Gibbons | NEW YORK, Sept 3 (Reuters) – Crude oil prices rose by more than $2 a barrel on Wednesday off multimonth lows as the prospect of peace talks between Ukraine and Russia combined with strong U.S. economic data raised demand expectations. New orders for U.S. factory goods jumped [...]

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By Moming Zhou | BloombergBusinessweek Brent crude rebounded from a 16-month low on speculation cease-fire talks between Russia and Ukraine will ease sanctions against the biggest energy exporter. Russian President Vladimir Putin outlined a peace plan for Ukraine after agreeing with his Ukrainian counterpart Petro Poroshenko on steps toward a cease-fire in the conflict that [...]

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Aaron Nathans | The News Journal | Delmarva Power’s natural gas heating customers are expected to pay less this winter, according to a filing the utility made with the Public Service Commission on Friday. The decrease comes as domestic sources of once-expensive natural gas have allowed the company to charge less for the fuel in [...]

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by Dan Weissmann | Marketplace Business International commodity markets are full of little mysteries. For example: Why would a market player buy a whole bunch of something when the market is full of that very thing? In this case, the thing is diesel fuel in Europe. The continent’s last winter was mild, so there’s plenty in [...]

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New York (Platts) NYMEX October crude settled $1.41 higher at $95.96/barrel Friday amid still-strong fundamentals and a repricing-in of geopolitical risk.ICE October Brent lagged slightly, setting 73 cents higher at $103.19/b. Products finished in positive territory as well, led by NYMEX September RBOB, which settled 3 cents higher at $2.7827/gal. September ULSD closed 79 points [...]

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