US Gulf Coast premium gasoline differentials spiked Monday as Colonial Pipeline's 6th shipping cycle deadline loomed, leaving traders scrambling to cover short positions. During the Platts Market on Close assessment process, Lukoil bought ...
Tags: US Gulf Coast, gasoline, gasoline industry
OPEC Secretary General Abdalla el-Badri said Monday that world oil markets were well balanced and likely to remain well supplied through the current year to meet expected growth in demand, but that the oil producer group did not envisage a ...
Tags: OPEC, world oil markets, oil prices
As southbound pipeline capacity is built and there's less demand in the Midwest, West Texas Intermediate will stabilize and trade at about $7/b under Light Louisiana Sweet, an industry expert said at an event Friday. Less demand for WTI, ...
Tags: Pipe Capacity, pipeline, Midwest
The NYMEX February crude contract broke out of a narrow trading band immediately ahead of the 1:15 p.m. EST (1815 GMT) cessation of trading on the NYMEX contract to end the day 9 cents lower at $95.47/b. Prior to 12:30 p.m. EST (1730 ...
Tags: crude oil, NYMEX, macroeconomic indications, US
The sharemarket rose yesterday after US housing data suggested economic growth in the world's biggest economy was likely to continue, and above-consensus GDP data from China showed that an economic recovery in Australia's biggest trading ...
Tags: stocks, sharemarket, economic
The Australian sharemarket rose after US housing data suggested economic growth in the world's biggest economy was likely to continue, and above-consensus GDP data from China showed that an economic recovery in Australia's biggest trading ...
Tags: Shares, economic growth, sharemarket
US Gulf Coast premium gasoline differentials fell Thursday amid thin buying interest, as spot demand for the fuel remained weak despite an upward move in the underlying NYMEX February RBOB futures basis. The 13.5 RVP premium gasoline ...
Tags: US, gasoline, gasoline differentials
Australian shares rose slightly yesterday as global equity markets remained supported by tentative signs of improvement in China's economy. Fund managers tipped continued yield-based demand for Australian equities in particular, although ...
Tags: China, shares, global equity markets, economy
NYMEX crude futures tread water for most of the session Tuesday, settling nearly unchanged after news of improved investor confidence in Europe failed to spark buying. NYMEX February crude settled 4 cents lower at $93.15/barrel. On ...
Tags: NYMEX, crude futures, crude, finance
The sharemarket closed higher for a second day yesterday, buoyed by a last-minute budget deal in the US that drove global equities and commodity prices sharply higher on Wednesday night. The benchmark S&P/ASX 200 finished up 0.7 per cent ...
Tags: sharemarket, US, global equities, commodity prices
The sharemarket started the new year with a bang as US politicians agreed on a budget deal to avoid the worst of the so-called fiscal cliff, which had threatened to derail the world's biggest economy. The benchmark S&P/ASX 200 closed up ...
Tags: sharemarket, bang, US, fiscal cliff
The sharemarket started 2013 with a bang as US lawmakers agreed a budget deal to avoid the worst of the so-called fiscal cliff that had threatened to derail the world's biggest economy. The benchmark S&P/ASX 200 closed up 1.2 per cent at ...
Tags: sharemarket, 2013, US, fiscal cliff
US crude stocks fell 12.032 million barrels last week, while US distillate stocks jumped 6.71 million barrels, according to American Petroleum Institute data Thursday. The data painted a bullish picture for NYMEX crude futures, and a ...
Tags: US crude stocks, distillate stocks, Gulf Coast Draw, AP
Weekly oil data from the US Energy Information Administration and the American Petroleum Institute should show a 1 million-barrel draw in US commercial crude inventories for the week ending December 28, analysts polled by Platts said ...
Tags: oil data, US Energy Information Administratio, crude inventories
Coal traders returned to their posts on Wednesday, snapping the streak of low volume sessions in the US over-the-counter thermal coal market since the Christmas holiday. Central Appalachian barge and rail (CSX) contracts, as well as ...
Tags: coal market, US, coal, coal industry, swap products