Japan's direct-burning crude oil demand for power generation has picked up since late December as a cold spell across the country has increased appetite for loadings into March in the absence of nuclear output, industry and trading sources ...
Tags: crude oil demand, power generation
Platts margins reflect the difference between a crude's netback and its spot price. Netbacks are based on crude yields, which are calculated by applying Platts product price assessments to yield formulas designed by Turner, Mason & Co. ...
Tags: Gas, Refining Margins
Researchers at The University of Texas at Austin's Cockrell School of Engineering have developed a new source of renewable energy, a biofuel, from genetically engineered yeast cells and ordinary table sugar. This yeast produces oils and ...
Tags: Consumer Electronics, Electronics
Oil prices fell Wednesday as the government report showed bigger-than-expected increases in gasoline supplies of the United States. Energy Information Administration (EIA), the U.S. Energy Department's statistical arm, on Wednesday ...
Tags: Oil Prices, Mineral
AWE Limited (ASX: AWE) advises that Marathon Oil, the Operator of the Sugarloaf Area of Mutual Interest (AMI) in Texas, USA, has provided an update on its 2013 drilling activity and 2014 development plans. AWE has a 10% working interest in ...
Tags: AWE, Marathon Oil, AMI, drilling activity, Sugarloaf, drilling program
The current volatility of crude oil spreads like Brent/WTI and Brent/LLS are a sign that, when it comes to light, sweet crude in the US, refining capacity limits are being reached, Ed Morse, head of commodities research at Citigroup, said ...
Tags: Chemicals
A chief executive officer of a U.S. energy giant on Tuesday called for the government to remove its current ban on crude oil exports so as to lower consumer prices and stimulate further shale oil production, the Houston Chronicle reported. ...
Tags: Crude Oil, Export Ban
Oil prices were little changed Monday as traders awaited U.S. crude inventories data for last week. Energy Information Administration (EIA), the Energy Department' s statistical arm, will on Wednesday release its report covering U. S. ...
Tags: Oil, Metallurgy, Mineral, Energy
U.S. crude-oil futures dropped to a four-month low Wednesday after government data showed inventories rose more than expected last week. The Energy Information Administration said crude oil stocks rose by 4.1 million barrels, compared ...
Tags: crude oil, Oil, Metallurgy, Mineral, Energy
U.S. crude-oil futures settled 1% lower Friday after the International Energy Agency warned that the U.S. fiscal crisis could harm demand and said supplies are rising faster than previously thought. Light, sweet crude oil for November ...
Tags: crude-oil, global oil demand
China will slash the per-tonne retail prices of gasoline by 245 yuan (39.84 US dollars) and that of diesel by 235 yuan, starting from Monday, the country's top economic planner said on Sunday. The adjustment will lower the benchmark ...
Tags: Retail Fuel, Energy
Oil prices declined Wednesday as a government report showed US crude supplies grew last year by the most in a year. The Energy Information Administration (EIA) said US crude supplies increased by 6.8 million barrels to 370.5 million ...
Tags: Oil Prices, Ample Supplies
Oil futures traded sharply lower during Monday’s Asian session after a critical economic data point out of China surprised to the downside. On the New York Mercantile Exchange, light, sweet crude futures for November delivery slid ...
Tags: Oil Futures, Mineral
Oil prices dropped Monday as investors paid close attention to speeches from Federal Reserve officials for clues on monetary policies. New York Fed President William Dudley on Monday defended the Fed's decision not to trim its massive ...
Tags: Oil Prices, Fed Tapering Fears
U.S. oil prices declined Friday, continuing to pull back from a mid-week rally sparked by the Federal Reserve's surprise decision to continue its easy money policies, while concerns over Middle East supply disruptions continued to fade ...
Tags: Oil, Metallurgy, Mineral, Energy