Edition:
United Kingdom

Stephanie Kelly

Oil falls as China economic concerns outweigh rising refinery runs

18 Oct 2019

NEW YORK Oil prices edged lower on Friday, as concerns about China's economy outweighed bullish signals from its refining sector, but losses were limited on hopes for progress toward a U.S.-China trade agreement.

Oil rises, supported by U.S. fuel stock draws but weighed by crude build

17 Oct 2019

NEW YORK Oil prices rose about 1% on Thursday after draws in U.S. fuel inventories, but gains were capped by a larger-than-expected rise in crude stockpiles and a series of weak economic figures.

Trump administration proposes plan to raise U.S. biofuels use - EPA

16 Oct 2019

NEW YORK The Trump administration, in an effort to mend fences with the powerful corn lobby, proposed a new formula on Tuesday to boost biofuels demand, but the proposal instead only provoked more consternation from the industry.

Oil rises 2% after reports of Iranian tanker attack

11 Oct 2019

NEW YORK Oil prices rose more than 2% on Friday after Iranian media said a state-owned oil tanker was attacked in the Red Sea near Saudi Arabia, while optimism surrounding the U.S.-China trade war lifted sentiment.

U.S. diesel prices hit three-year low as farmers fear further harvest delays

10 Oct 2019

NEW YORK Diesel prices in the U.S. Midwest have sunk to a three-year seasonal low as farmers in the region face adverse weather conditions, further complicating an already delayed harvest season, traders and farmers said.

U.S. diesel prices hit 3-year low as farmers fear further harvest delays

10 Oct 2019

NEW YORK, Oct 10 Diesel prices in the U.S. Midwest have sunk to a three-year seasonal low as farmers in the region face adverse weather conditions, further complicating an already delayed harvest season, traders and farmers said.

Trump's fast-tracking of oil pipelines hits legal roadblocks

10 Oct 2019

NEW YORK The Trump administration's effort to cut red tape and speed up major energy projects has backfired in the case of the three biggest U.S. pipelines now planned or under construction.

Trump administration promises biofuel boost to farmers, angering Big Oil

04 Oct 2019

WASHINGTON/NEW YORK The Trump administration on Friday unveiled a plan to boost U.S. biofuels consumption starting next year to help struggling farmers, a move that cheered the agriculture industry but triggered a backlash from Big Oil.

Oil settles up as U.S. unemployment rate drops, but crude ends week down 5%

04 Oct 2019

NEW YORK Oil prices rose about 1% on Friday as an increase in U.S. jobs eased some financial market concerns that a slowing global economy could dent oil demand, but crude fell more than 5% on the week, its second consecutive weekly decline.

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