Oil flat as U.S. rig count rise cools gains, gasoline jumps| Reuters
Jul 03, 2015 at 01:45 | Source:
NEW YORK Crude oil prices ended little changed on Thursday as the first weekly gain in the U.S. rig count this year pared earlier gains.Pulling crude futures off highs was the latest data on the U.S. oil rig count from Baker Hughes. The firm said the...
Oil up as U.S. data cools rate hike views; gasoline jumps| Reuters
Jul 03, 2015 at 00:30 | Source:
NEW YORK Oil prices rose slightly on Thursday after tame U.S. jobs and economic data signalled the Federal Reserve might be less hasty to raise interest rates and as a surge in gasoline futures drove expectations for more crude demand.But with the Gr...
Oil slides after U.S. stockpile build; Greece, Iran in focus| Reuters
Jul 01, 2015 at 23:15 | Source:
NEW YORK Oil prices slumped on Wednesday, with U.S. crude headed for its sharpest daily loss since late May, after the first rise in crude stockpiles in the United States in more than two months.The dollar's rally on Greece's debt default, Iran's ren...
Cult of personality: Turkmen leader gets park tribute on birthday| Reuters
Jun 30, 2015 at 02:31 | Source:
ASHGABAT Turkmenistan, which rights groups view as one of the most repressive countries in the world, celebrated President Kurbanguly Berdymukhamedov's 58th birthday on Monday by opening a park in the capital Ashgabat bearing his name.It was the late...
Oil steadies as stronger demand balances glut| Reuters
Jun 26, 2015 at 01:30 | Source:
LONDON Crude oil prices steadied just above $60 a barrel on Thursday as strong demand for oil products helped balance a global overhang of oil for immediate delivery.North Sea Brent crude oil traded within a narrow 58-cent range as investors eyed a v...
Oil slides after big weekly U.S. gasoline, products build| Reuters
Jun 25, 2015 at 00:45 | Source:
NEW YORK Crude futures fell about 2 percent on Wednesday after a government report showing an eighth straight weekly drop in U.S. crude stockpiles was offset by a large build in oil products, which have dominated market action lately.A firm dollar al...
Oil down 2 pct on Greek worries, weaker products markets| Reuters
Jun 20, 2015 at 02:30 | Source:
NEW YORK Crude oil fell about 2 percent on Friday, the first decline after three days of gains, as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market.Gasoline and diesel's proxy, heating...
Oil up third day on dollar slump, U.S. crude draw data| Reuters
Jun 19, 2015 at 01:30 | Source:
NEW YORK Oil prices settled up for a third straight day on Thursday, boosted by a slipping dollar and reports that data showed a draw in crude this week at Cushing, Oklahoma, the delivery point for U.S. crude futures.The dollar fell to a one-month lo...
Oil up on weak dollar, reports of new U.S. crude draws| Reuters
Jun 18, 2015 at 23:30 | Source:
NEW YORK Oil prices rose for a third straight day on Thursday, helped by a weaker dollar and data showing draws this week at the delivery point for U.S. crude futures.The dollar fell to a one-month low against a basket of currencies after the Federal...
A year after the crash, oil markets risk more trouble ahead | Reuters
Jun 18, 2015 at 00:45 | Source:
SINGAPORE/LONDON/NEW YORK/TOKYO A year on from the start of one of the biggest oil price crashes in history, the driving force behind the slide remains intact: there is still too much crude. While output continues to grow, the economic outlook has d...
Oil lower after EIA data shows gasoline stocks build | Reuters
Jun 18, 2015 at 00:30 | Source:
NEW YORK Crude oil and refined products futures turned lower on Wednesday in volatile trading after government data showed a surprise gasoline inventory build last week, even as production eased.Concerns about Greece's debt problems and the potential...
CORRECTED - Oil firmer but rally sapped by U.S. EIA data| Reuters
Jun 17, 2015 at 23:15 | Source:
(Corrects in paragraph 10 to say Shell, PetroChina are shareholders, not operators of Arrow LNG)By Simon FalushLONDON (Reuters) - Oil rose on Wednesday on U.S. demand although the finer points of weekly data from there tempered its rally.Brent future...
Asian margins: Gasoline comes out top, gasoil a flop| Reuters
Jun 06, 2015 at 04:15 | Source:
SINGAPOREAsia's gasoline refining profits have outperformed all other oil products this year as a combination of lower crude prices and both seasonally and structurally strong demand pushed margins to a record high. Margins for the motor fuel have go...
Ghana petrol station blast, flooding leave estimated 150 dead| Reuters
Jun 05, 2015 at 04:45 | Source:
ACCRA An explosion at a petrol station in Ghana's capital and flooding caused by torrential rains killed around 150 people, President John Mahama said on Thursday, marking the worst disaster to strike the West African country in more than a decade.Ar...
Up to 70 dead as Nigerian fuel tanker crashes into bus station| Reuters
Jun 02, 2015 at 02:31 | Source:
ONITSHA, Nigeria Up to 70 people were killed in Nigeria, many of them burnt alive, when a fuel tanker crashed into a busy bus station in the southeastern city of Onitsha on Sunday and exploded, Red Cross officials said. Dozens of others were injured ...
U.S. economy contracts in Q1; dollar hurts corporate profits| Reuters
May 29, 2015 at 23:45 | Source:
WASHINGTON The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly.The government on Friday slas...
Oil down on dollar strength, awaits weekly supply data| Reuters
May 28, 2015 at 01:15 | Source:
NEW YORK Oil fell on Wednesday as a resurgent dollar weighed on crude prices ahead of inventory data expected to show whether U.S. fuel demand was accelerating from a peak U.S. driving season under way.Other factors held little sway over the market, ...
Asian refiners forced to get creative to stay competitive| Reuters
May 21, 2015 at 02:30 | Source:
KUALA LUMPUR Faced with competition from mammoth new refineries in the Middle East and soft fuel demand in key markets, Asian refiners are trying a variety of tactics to cope from investing in refineries in emerging markets to using cheaper energy so...