Edition:
United Kingdom

Stephanie Kelly

Oil falls $1/bbl as resurgent pandemic prompts worries about U.S. demand

09 Jul 2020

NEW YORK Oil prices fell about $1 a barrel on Thursday as investors worried that renewed lockdowns to contain the spread of coronavirus in the United States would again sink fuel consumption.

U.S. crude stocks build on higher imports, distillates inventories hit 37-year high: EIA

08 Jul 2020

NEW YORK U.S. crude oil stockpiles grew last week and inventories on the Gulf Coast hit a record high as imports from Mexico rose to an eight-year high, the Energy Information Administration said on Wednesday.

UPDATE 3-U.S. crude stocks build on higher imports, distillates inventories hit 37-yr high -EIA

08 Jul 2020

NEW YORK, July 8 U.S. crude oil stockpiles grew last week and inventories on the Gulf Coast hit a record high as imports from Mexico rose to an eight-year high, the Energy Information Administration said on Wednesday.

End of an era? Series of U.S. setbacks bodes ill for big oil, gas pipeline projects

08 Jul 2020

WASHINGTON/NEW YORK A rapid-fire succession of setbacks for big energy pipelines in the United States this week has revealed an uncomfortable truth for the oil and gas industry: environmental activists and landowners opposed to projects have become good at blocking them in court.

U.S. Midwest products prices due to rise from Dakota Access pipeline shutdown

06 Jul 2020

NEW YORK Prices for gasoline and diesel in the U.S. Midwest could rise in the coming months, market participants said, because of a U.S. court ruling on Monday that ordered the largest pipeline from the North Dakota shale oil fields to be shut within a month. | Video

U.S. Midwest products prices due to rise from Dakota Access pipeline shutdown

06 Jul 2020

NEW YORK, July 6 Prices for gasoline and diesel in the U.S. Midwest could rise in the coming months, market participants said, because of a U.S. court ruling on Monday that ordered the largest pipeline from the North Dakota shale oil fields to be shut within a month.

U.S. EPA puts 2021 biofuel blending mandate proposal on hold indefinitely, sources say

02 Jul 2020

NEW YORK The U.S. Environmental Protection Agency has put on hold indefinitely a proposal for the amount of biofuels refiners must blend into their fuel next year, two sources familiar with the matter said.

UPDATE 1-US EPA puts 2021 biofuel blending mandate proposal on hold indefinitely -sources

02 Jul 2020

NEW YORK, July 2 The U.S. Environmental Protection Agency has put on hold indefinitely a proposal for the amount of biofuels refiners must blend into their fuel next year, two sources familiar with the matter said.

U.S. Senator Cruz will block EPA nomination over biofuels costs to refiners

01 Jul 2020

NEW YORK U.S. Senator Ted Cruz said on Wednesday he would block the nomination of an Environmental Protection Agency official until the agency brings stability to the rising costs borne by oil refiners for complying with U.S. biofuel blending laws.

Oil rises over 1% on U.S. crude stockpile draw, manufacturing activity

01 Jul 2020

NEW YORK Oil prices rose more than 1% on Wednesday following a drawdown in U.S. crude inventories from record highs and a string of positive manufacturing data, but a surge in coronavirus cases tempered gains.

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