Crude futures fell Friday after the International Energy Agency said global oil markets will remain oversupplied at least through 2016. NYMEX January crude settled $1.14 lower at $35.62/b. ICE January Brent settled down $1.80 at $37.93/b. ...
Unseasonably strong gasoline demand is proving for US refiners to be the gift that keeps on giving this holiday season, as support from seasonal diesel demand is tamped down by record high temperatures across much of the US. Gasoline ...
The Senate Energy and Natural Resources Committee chairman and ranking member have asked the Energy Information Administration to analyze the impact of lifting restrictions on US crude oil exports. "This is a complex puzzle that is best ...
Tags: Crude Export, EIA Study
Russian President Vladimir Putin and Rosneft President Igor Sechin took part in the launch of the most powerful Russian crude distillation unit CDU-12 at Tuapse refinery. Modernization of Tuapse refinery suggests in-process construction ...
Tags: Vladimir Putin, Igor Sechin, Russian crude distillation unit, CDU-12
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