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Stephanie Kelly

Oil rises 1% on optimism for a U.S.-China trade deal

12 Dec 2019

NEW YORK Oil prices gained nearly 1% on Thursday on hopes that the United States and China were close to reaching a deal on an ongoing trade dispute that has raised concerns about global demand for crude.

Senator Grassley says White House assured him on 2020 biofuels plan

10 Dec 2019

NEW YORK U.S. Senator Chuck Grassley said on Tuesday he has been assured by the White House that 2020 biofuel blending mandates will be finalized in accordance with a September agreement between the administration and biofuel and corn producers.

Trump administration sees partial waivers as potential fix in biofuel debate: sources

06 Dec 2019

NEW YORK The Trump administration believes it can assuage farmer anger over its biofuels policy by agreeing to use more partial waivers for oil refineries, signaling a potential solution to a protracted battle between Big Corn and Big Oil, two key political constituencies in next year's presidential election, according to three sources familiar with the matter.

EPA chief says addressing biofuel industry concerns over blending mandates: source

05 Dec 2019

NEW YORK U.S. Environmental Protection Agency Administrator Andrew Wheeler told a biofuels company on Thursday that the agency is working to address industry concerns over biofuel blending rules that have sparked outrage across the Farm Belt, according to a source familiar with the matter.

Oil steadies after slide on Trump's U.S-China trade comments

03 Dec 2019

NEW YORK Oil steadied on Tuesday, settling narrowly mixed as expectations of output cuts from OPEC and allied producers helped prices bounce after a slide following comments from U.S. President Donald Trump that a trade deal with China may be delayed.

Oil gains, bolstered again by U.S.-China trade talks

26 Nov 2019

NEW YORK Oil prices rose on Tuesday after news that U.S. and Chinese officials discussed trade, while predictions for a weekly draw on U.S. crude stockpiles lent some support as well.

White House asks Iowa senator for input on biofuels policy: sources

22 Nov 2019

NEW YORK The White House has asked Iowa Senator Chuck Grassley's office for input on the administration's latest proposal to boost the ethanol market in 2020, according to two sources familiar with the matter on Friday, after a flurry of conversations between President Donald Trump and corn-state advocates critical of the plan.

Oil slumps on oversupply fears, trade talk concerns

19 Nov 2019

NEW YORK Oil fell more than $1 a barrel on Tuesday on concerns about excess global crude supply and limited progress toward resolving the U.S.-China trade dispute that has clouded the outlook for oil demand.

World News

U.S. House committee postpones votes on articles of impeachment

U.S. lawmakers will vote Friday on whether to move forward with impeaching Republican President Donald Trump, as the Democratic head of the Judiciary Committee shocked Republicans by declining to hold a late-night vote after a hearing that lasted more than 14 hours.