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 US posted a second consecutive year of record oil production growth in 2013 with its surging shale industry balancing out supply disruptions to underpin an unprecedented period of stable global oil prices, BP said Monday. US output ...
Tags: oil production, oil supply
US commercial crude stocks fell 10.3 million barrels to 390.69 million barrels for the reporting week ended May 16, American Petroleum Institute data showed Tuesday. The draw is far larger than analysts had expected. A Platts survey of ...
Tags: Crude Stocks, NYMEX crude
US crude stocks jumped 10 million barrels last week -- the largest build in 13 years -- on a surge in imports and lower refinery run rates in the US Gulf Coast, data from the US Energy Information Administration showed Wednesday. The ...
Tags: Crude Stocks, lower refinery
With US refineries expanding their capacity to process more domestic light oil in the coming years, the US Energy Information Administration on Tuesday said it expects refinery crude inputs to reach 15.52 million b/d this year and 15.61 ...
Tags: US Refinery, Domestic Production, light oil
US commercial crude stocks are expected to have risen 2.3 million barrels for the week ended March 7, according to a Platts analysis and survey of oil analysts Monday. The American Petroleum Institute will release its weekly report at ...
Tags: Crude, commercial crude stocks
Infrastructure will remain the watchword as US refiners look to further cement their role as world class product exporters in 2014, improving export capacity and rejigging refineries to increase their output of export-friendly diesel, ...
Tags: Refinery Output, gasoline
The front-month Brent/WTI spread narrowed Thursday to its lowest level in more than 20 months, dropping under $1/barrel as NYMEX crude broke above resistance levels on recent stock drops and an equities euphoria. The September Brent/WTI ...
Tags: Prompt Brent, Chemicals
The oil complex pushed sharply lower late in US trade Friday, extending an overnight selloff prompted by a stronger dollar, lower equities markets and OPEC's decision to roll over its 30 million b/d output target following Friday's meeting ...
Tags: Metallurgy, Mineral, Energy, Oil
US commercial crude stocks likely fell around 1.5 million barrels for the reporting week ended May 24, according to a Platts analysis and a survey of oil analysts Tuesday. The American Petroleum Institute will release its weekly report at ...
Tags: Chemicals, Metallurgy, Mineral, Energy
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
US commercial crude stocks likely rebounded slightly last week, following a massive bout of end of year destocking over the prior week, according to a Platts survey of analysts conducted Monday. Analysts polled expect crude stocks to have ...
Tags: US, commercial crude stocks, last week, analysts