The oil complex shrugged off largely bearish US Energy Information Administration data Wednesday as a rise in equities coupled with a technical bounce halted a four-day slide in June crude futures. NYMEX June crude rallied towards the ...
Tags: Oil Complex, Oil
Some predictions of surging global production of light, tight oil from unconventional source rocks may be overblown, with a of number of environmental and political question marks still hanging over the industry, delegates at a London oil ...
OPEC ministers should consider the needs of the global oil market in a year's time, rather than just the current demand/supply balance, when they meet to review the cartel's production ceiling in two weeks, the head of the International ...
Tags: OPEC, oil market
Santos has begun work to restore gas production at the Longtom field off the southeastern Australian state of Victoria, Longtom owner Nexus Energy said in a statement Tuesday. Nexus owns 100% of Longtom, in Victoria's Gippsland Basin, but ...
Tags: Gas Output, Gas
Editor’s Note: The following column By Mike Feinstein, vice president, sales and marketing, Digital Lumens, is part of Modern’s Other Voices column. The series features ideas, opinions and insights from end users, analysts, ...
Brand design consultancy in the UK, Coley Porter Bell has created new packaging for Beefeater Burrough’s Reserve gin produced by Desmond Payne. According to the agency, the new decanter-style bottle has a rounded glass structure and ...
Tags: Coley Porter, Beefeater Gin
The recent narrowing in the Brent premium to NYMEX crude, which fell to a 17-month low of $7.48/b on Thursday, is set to continue into the third quarter, with $5/b a possibility, before widening again early next year, Goldman Sachs analysts ...
Tags: Brent/WTI, Brent premium
Crate and Barrel is a leading chain of home furnishings today, with over 170+ stores across the country. The company is popular for its quality of both merchandise and its team of associates. Crate and Barrel produces over millions of ...
Tags: Barrel Furniture, Furniture, Furnishing
A new bill introduced late Wednesday to the US Senate aimed at strengthening Washington's sanctions against Iran could affect Asian countries that pay for Iranian crude in foreign currencies, sources familiar with the matter said Thursday. ...
Tags: Senate Bill, US Senate
Enbridge, the Calgary-based crude oil carrier, will have to "wait and see" whether it faces a replay of rival TransCanada's Keystone XL regulatory battle as it seeks US State Department approval for changes to its Alberta Clipper (Line 67) ...
Tags: Enbridge, Alberta Clipper
US propane and propylene stocks rose 500,000 barrels to nearly 41 million barrels the reporting week ended Friday, the Energy Information Administration said Wednesday. Midwest supplies rose 366,000 barrels to 11.94 million barrels, while ...
The June Northwest European-US Atlantic arbitrage swap has risen since market close Friday due to a higher NYMEX RBOB market, increasing the possibility of exports from Europe heading to the Atlantic coast, market sources said Monday. ...
Tags: June NWE-USAC, Gasoline
The Philippines' largest oil refiner and marketeer Petron Corp has sold 22 million barrels of oil products in the first quarter of this year, rising 66% from the same period in 2012, the company said in a statement Monday. The increase ...
Tags: Petron, Oil Products
As a result of renewed focus and restructuring over the past few years, BP now will direct as much as 75-80% of its capital expenditures to upstream projects over the next decade, BP's chief executive of upstream said Monday. The world ...
Enterprise Products Partners said Thursday it will expand its ECHO crude storage terminal in Houston as part of an overall plan to increase infrastructure in Southeast Texas. The Enterprise Crude Oil Houston (ECHO) storage terminal will ...
Tags: ECHO Crude Storage, Barrels