Increased buying interest for North Sea crude oil cargoes, resulting in a sharp increase in price for a number of key grades, has negatively impacted Northwest European refinery margins, according to traders Wednesday. The cracking yield ...
Tags: Refinery, crude oil cargoes
A team of Harvard scientists and engineers has demonstrated a new type of battery that could fundamentally transform the way electricity is stored on the grid, making power from renewable energy sources such as wind and solar far more ...
Tags: battery, renewable energy, grid-scale battery, metal-free flow battery
In the U.S., many states have declared a state of emergency due to bad weather, waiving the HOS rules for truckers hauling propane. The waivers are in effect until: • Jan 17 or until emergency conditions no longer exist, whichever ...
Tags: HOS Waivers, Trucking News, U.S Bad Weather
A group at Harvard University has created an aqueous flow battery that uses a quinone, a type of organic molecule that happens to have favorable electrochemical properties. The particular quinone they used is nearly identical to one found ...
Tags: Electrical, Electronics
World Fuel Services Corporation (NYSE: INT), announced today that a wholly-owned subsidiary of the company has signed a definitive agreement to acquire Watson Petroleum Limited, a leading distributor of gasoline, diesel, heating oil, ...
Tags: World Fuel Services Corporation, Watson Petroleum Limited, acquisition
Greece's government Wednesday ruled out reducing a tax on heating oil despite a sharp increase in smog resulting from extensive wood-burning. "Reducing the price is not the solution (to the smog problem)," Finance Minister Yannis ...
Tags: Greece, heating oil, extensive wood-burning, tax hikes, energy prices
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
The price of crude oil fell below $100 a barrel Monday (October 21) after the U.S. government reported an increase in supplies. Metals prices were broadly higher and crop prices were mixed. Crude oil for November delivery fell $1.59, or ...
Tags: Crude Oil, oil, Metallurgy, Mineral, Energy
The Group 3 ULSD differential plummeted Tuesday, down 2.45 cents/gal to NYMEX November ULSD futures minus 9.25 cents/gal -- the lowest level the differential has been since April when the ULSD contract succeeded the former heating oil ...
Tags: ULSD Basis, Group 3 ULSD
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
France is to use profits from nuclear power plants along with a new carbon tax to help fund growth in renewable power and energy efficiency, Prime Minister Jean-Marc Ayraut said Saturday. In a speech in Paris marking the end of France's ...
Tags: Nuclear Tax, Carbon Tax
The April switch in the NYMEX basis for distillates to ULSD from heating oil has led to decreased volatility in the Gulf Coast ULSD differential, the most liquid product Platts assesses in the Americas. The specification for the NYMEX ...
Tags: Metallurgy, Mineral, Energy
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
Representatives of CITGO Petroleum Corporation were joined by hundreds of Bronx residents today to celebrate the 2013 edition of the CITGO-Venezuela Energy Efficient Lighting Program (EELP) at the Bronx Spanish Evangelical Church in the ...
The premium of ultra low sulfur diesel barges over 50 ppm gasoil barges has moved to its widest point since May 1, with ULSD trading at a $9.75/mt premium to 50 ppm, Platts data showed Monday. Rising ULSD premiums in Northwest Europe have ...
Tags: Gasoil Barges, Mineral