Oil futures settled higher Monday on support from firm US equities, geopolitical tensions and an easing of Libyan oil output, but the upside was limited by weak Chinese and eurozone data. NYMEX April crude settled 62 cents higher at ...
Tags: Oil Futures, oil output
Tom Biery/Trans Pixs Diesel fell 2.4 cents to $3.886 a gallon, its first decline in four weeks, the Department of Energy reported Jan. 13. Diesel had gained almost 4 cents in the previous three weeks of increases, and its current price ...
Tags: diesel, fuel, decline, current price, gasoline
NYMEX February crude settled $1.48 lower at $93.96/barrel Friday, as a large draw in stockpiles was overshadowed by a sharp drop off in product demand and rising distillate stocks. ICE February Brent settled 89 cents lower at $106.89/b. ...
Tags: stockpiles, crude, Mineral
Taiwan's CPC and Formosa Petrochemical have both raised domestic retail prices of gasoline and diesel by T$0.50/liter ($0.020/liter) effective Monday, according to the companies' websites. The change raises both refiners' retail prices ...
Tags: Gasoline, Diesel Prices
The global oil market is currently well supplied but growing demand pressures and ongoing disruptions in some OPEC producing countries could soon reverse a recent spate of softer oil prices, the International Energy Agency said Thursday. ...
Tags: Oil Prices, oil market
US propane and propylene stocks fell 533,000 barrels to 65.97 million barrels for the reporting week ended October 18, data from the Energy Information Administration showed Wednesday. The change in stocks was in line with market ...
Bitumen futures on China's Shanghai Futures Exchange opened up more than 3 percent on their trading debut Wednesday in brisk volumes, reflecting strong investor interest as the bourse lays the ground for the launch of a crude futures ...
Tags: Bitumen futures, Futures Exchange
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
The slide in LPG prices over the past four days on abundant supply and an Asian demand pause has sent physical values to six-week lows and flipped the paper market to the steepest contango structure since early July 2012, market sources ...
Tags: Metallurgy, Mineral, Energy
Relative strength in premiums for the sour Middle Eastern crude market seen in recent days showed continued upward momentum Wednesday, as Asian refiners look to cover winter requirements and Chinese buyers look to re-stock, trading sources ...
Tags: Premiums, Metallurgy, Mineral, Energy
The Asian toluene market led a price surge in most Asian aromatic products early Wednesday, driven by crude oil futures rising on geopolitical tensions in Syria. Front-month ICE Brent crude futures hit a six-month high Wednesday, with ...
US commercial crude stocks fell 9.87 million barrels to 373.92 million barrels for the reporting week ended July 5, Energy Information Administration data showed Wednesday. The latest decline marks the sharpest two-week draw in US crude ...
Tags: Crude Stocks, Crude imports
The oil complex nudged slightly higher during light trading Tuesday. Those gains were led by NYMEX August RBOB, which settled 4.23 cents higher at $2.9260/gal. NYMEX August crude settled 39 cents higher at $103.53/barrel, while ICE August ...
China's Shanghai Futures Exchange is hoping its new asphalt futures contract -- to be launched next month -- will revive interest in oil trading on the bourse, after activity on its fuel oil contract fizzled out, Zhang Zheng, SHFE's ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Crude oil futures settled slightly higher Tuesday as a pipeline shutdown in Alberta, Canada, and escalating tensions in the Middle East lent the complex a bullish note, amid rising equities markets. NYMEX August crude settled 14 cents ...
Tags: Crude Futures, Crude oil