Energy
Oil-Dollar Link Tightens as Iran Tension Eases: Energy Markets
Oil-Dollar Link Tightens as Iran Tension Eases: Energy Markets Benchmark U.S. oil is moving more closely in line with the dollar than at any time in 19 months as investors bet that the standoff with Iran over its nuclear program won’t lead to a disruption in supply. The one-year inverse correlation between oil futures and [...]
Signs of Gasoline Price Drop Seen Thwarting Case Against Obama
Signs of Gasoline Price Drop Seen Thwarting Case Against Obama Signs that gasoline prices may have peaked signal relief to both American drivers and President Barack Obama, who Republicans have tried to tie to a climb in the costs. Average prices at the pump have hovered at $3.92 a gallon this month, after an almost [...]
Goldman Sees WTI-Brent Spread Narrowing on Seaway Reversal
Goldman Sees WTI-Brent Spread Narrowing on Seaway Reversal Goldman Sachs Group Inc. is maintaining a view that the West Texas Intermediate’s discount to Brent crude will narrow by more than half by early June. The New York-based bank says the difference between the U.S. and European benchmarks will narrow to $6.50 a barrel in three [...]
China Oil Imports Fall in March Amid Refinery Maintenance
China Oil Imports Fall in March Amid Refinery Maintenance ******************************************************************************** BN 04/09 23:07 *CHINA MARCH OIL PRODUCT IMPORTS 3.92 MLN TONS BN 04/09 23:07 *CHINA MARCH CRUDE OIL IMPORTS 23.55 MLN TONS BN 04/09 23:07 *CHINA MARCH OIL PRODUCT EXPORTS 2.06 MLN TONS BN 04/09 23:06 *CHINA MARCH CRUDE OIL EXPORTS 210,000 TONS ******************************************************************************** China, [...]
Iran Doesn’t Need Oil Exports, President Says Ahead of Talks
Iran Doesn’t Need Oil Exports, President Says Ahead of Talks President Mahmoud Ahmadinejad, speaking days ahead of a new round of talks on Iran’s nuclear program, said his country can last for years without exporting oil. “Some want to create problems for Iran by sanctioning oil,” Ahmadinejad said during a visit today to the southern [...]
Iran Stops Crude Oil Sales to Spain, Press TV Reports
Iran Stops Crude Oil Sales to Spain, Press TV Reports ******************************************************************************** BN 04/10 08:48 *IRAN STOPS OIL SALES TO SPAIN, PRESS TV SAYS ******************************************************************************** Iran stopped exporting crude oil to Spain, state-run Press TV reported without saying where it obtained the information. Iran has stopped oil exports to France, the U.K. and Greece following the [...]
Azerbaijan to Build $14 Billion Refinery Near BP’s Sangachal
Azerbaijan to Build $14 Billion Refinery Near BP’s Sangachal Azerbaijan will start building a $14 billion refinery complex south of the capital Baku in the first quarter of next year, according to the state oil company. The State Oil Fund of Azerbaijan and international export- import banks will provide financing, Rovnaq Abdullayev, the president of [...]
Trafigura Buys Gasoline Barge; ICE Gasoil Advances
Trafigura Buys Gasoline Barge; ICE Gasoil Advances Trafigura Beheer BV and BP Plc bought barges of European gasoline as profit from producing the fuel declined. Gasoil gained for the first time in four days on the ICE Futures Europe exchange in London. Light Products Gasoline barges in Amsterdam-Rotterdam-Antwerp traded from $1,180 to $1,183 a metric [...]
BP Restarts North Sea Valhall Oil, Gas Field After Maintenance
BP Restarts North Sea Valhall Oil, Gas Field After Maintenance ******************************************************************************** BN 04/10 06:41 *BP SAYS NORTH SEA VALHALL OIL, GAS PRODUCTION AT NORMAL RATES BN 04/10 06:40 *BP RESTARTS NORTH SEA VALHALL FIELD ON APRIL 7 :BP/ LN BN 04/10 06:40 *BP RESTARTS NORTH SEA VALHALL OIL, GAS FIELD AFTER MAINTENANCE ******************************************************************************** BP Plc [...]
Attack Halts Iraqi Oil Exports Through Turkey, Ministry Says
Attack Halts Iraqi Oil Exports Through Turkey, Ministry Says ******************************************************************************** BN 04/10 07:38 *IRAQ OIL EXPORTS VIA TURKEY HALT ON SABOTAGE, MINISTRY SAYS ******************************************************************************** Iraq stopped exporting crude from its northern fields after an attack on a pipeline in neighboring Turkey, the Iraqi Oil Ministry said. The network was attacked 68 kilometers (42 miles) from [...]
