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 US natural gas rig count fell to a nearly 18-year low Friday, as Baker Hughes reported there were 354 gas rigs for the week ending Friday, down 12 from the prior week. The last time the gas rig count was this low was June 16, 1995, ...
US commercial crude stocks surged 6.696 million barrels over the week ended April 26 to hit a record high level of 395.284 million barrels, data from the Energy Information Administration showed Wednesday. The climb, due largely to a ...
Tags: commercial crude stocks, Energy Information Administration
While US policymakers, legislators and others are focused on whether the fundamentals of US gas market would change significantly if large volumes of LNG are exported, there are emerging questions about the federal government's ability to ...
Tags: LNG Exports, Chemicals
As natural gas prices hit an average of $10.46/MMBtu in New York City in February, the switch from gas back to coal for power generation was on, data released Monday by the US Energy Information Administration showed. "All parts of the ...
Tags: Gas-to-Coal Switch, Gas Prices
The NYMEX May natural gas futures contract continued to rise Thursday after the US Energy Information Administration's storage report showed an above-average draw, yet the data came in below analysts' expectations. As of 12:28 p.m. EDT ...
Tags: NYMEX, Gas, Storage Data
Italy's Constitutional Court has rejected an appeal by Taranto-based prosecutors who sought to have production at local steel producer Ilva halted due to environmental concerns. The court stated that the so-called ‘Save Ilva' decree ...
Tags: Mineral, Constitutional Court
The NYMEX May natural gas futures contract bounced above the $4/MMBtu mark early Friday on heavy volume as traders continued to digest Thursday's bullish storage data, sources said. As of 10:12 a.m. EDT (1412 GMT), the contract was ...
Tags: NYMEX, Gas Bounces, Storage Rally
US commercial crude stocks likely rose 2.5 million barrels in the reporting week that ended Friday, analysts polled by Platts said Tuesday. The American Petroleum Institute will release its weekly report at 4:30 p.m. EDT (2030 GMT), while ...
Tags: Crude Stocks, Petroleum, Chemicals
Boao Forum for Asia 2013 Annual Conference will be held from April 6 to 8 in Boao, Hainan Province. Recently, Boao Forum for Asia's magazine "Boao Observation" teams up new institutional economics originator Ronald Coase, Nobel Laureate ...
Tags: Mineral, Baosteel, Internationalization Road
The US exported crude oil to China for the first time since November 2005 in January, according to data the Energy Information Administration released Thursday. US crude oil exports to China averaged 9,000 b/d in January, the EIA's data ...
Tags: Oil, Metallurgy, Mineral, Energy
Distillate futures closed US trading sharply higher Wednesday, holding onto boosts seen in the wake of an unexpectedly bullish inventory report released in the morning by the Energy Information Administration. NYMEX April heating oil ...
Tags: NYMEX, Oil Futures, Distillate Markets
Oil futures settled higher Wednesday, partially rebounding from Tuesday's sharp selloff on uncertainty in Cyprus, after weekly inventory data from the US Energy Information Administration proved to be unexpectedly bullish. NYMEX April ...
Tags: Oil, Chemicals, Metallurgy
The latest data of the U.S. Energy Department (EIA) showed, supported by rich shale oil field production, U.S. crude oil production has reached the highest level in the nearly 20 years. The mature shale technology helped the United States ...
Tags: United States, liquid fuels, energy
US commercial crude stocks are expected to have increased by 2.3 million barrels for the reporting week ended March 8, analysts polled Monday by Platts said. The American Petroleum Institute will release its weekly report at 4:30 p.m. EDT ...
Tags: refinery, crude oil imports, crude oil