Oil and Gas

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Oil prices recovered slightly on Tuesday as the producers' cartel OPEC predicted that crude demand would rise in 2010 after two years of negative growth.(AFP/File/Thomas Coex)

Enlarge Photo AFP/File Slideshow:Oil Industry

Oil rises above $60 as traders eye US inventories

AP - 1 hour 19 minutes ago

AP - Oil prices rose above $60 a barrel Wednesday in Asia as investors looked to a weekly inventory report for clues on U.S. gasoline demand.

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Rosneft, Lukoil Face Profit Squeeze on Higher Export Duties
Bloomberg - Tue Jul 14, 4:20 pm ET
July 14 (Bloomberg) -- Russian oil producers including OAO Rosneft and OAO Lukoil are likely to have their profit margins squeezed as the country prepares to raise export duties for the fourth straight month even as prices fall.
Kenya Petroleum Seeks to Buy Murban Crude Oil for September
Bloomberg - Mon Jul 13, 11:53 am ET
July 13 (Bloomberg) -- Kenya Petroleum Refineries Ltd., the East African nation’s only refining company, has requested offers for Murban crude oil for delivery in September.
Crude Oil Retreats on Forecast of U.S. Fuel Inventory Gain
Bloomberg - Tue Jul 14, 2:49 pm ET
July 14 (Bloomberg) -- Crude oil retreated on speculation that a government report will show U.S. fuel inventories climbed as the recession curbed consumption.
Oil Rises After Industry Report Shows Drop in Gasoline Supplies
Bloomberg - Tue Jul 14, 9:22 pm ET
July 15 (Bloomberg) -- Crude oil rose after an industry report showed a decline in gasoline inventories in the U.S., the world’s largest energy consumer.
Crude Oil Closes Below $60 Again
INO News - Tue Jul 14, 4:10 pm ET
(RTTNews) - Crude oil finished lower for the ninth time in ten sessions and below $60 for a third day in a row Tuesday. Light sweet crude for August delivery fell to $59.52 per barrel, down 17 cents on the session.
Crude Oil Rises on Signs of Recovery From Global Recession
Bloomberg - Tue Jul 14, 4:33 am ET
July 14 (Bloomberg) -- Crude oil rose for the first time in three days on signs of recovery from the global recession, prompting optimism fuel demand will increase.
Crude Oil Trades Near Eight-Week Low on Weak Demand Outlook
Bloomberg - Sun Jul 12, 11:05 pm ET
July 13 (Bloomberg) -- Crude oil was little changed near an eight-week low on speculation the global recession will sap demand for fuel and increase stockpiles.
Crude Oil Rises for First Time in 3 Days as U.S. Stocks Rally
Bloomberg - Mon Jul 13, 9:22 pm ET
July 14 (Bloomberg) -- Crude oil rose for the first time in three days as U.S. stocks rallied after analyst Meredith Whitney recommended buying shares of Goldman Sachs Group Inc.
Crude Oil Rises for First Time in Two Days as U.S. Stocks Rally
Bloomberg - Mon Jul 13, 7:05 pm ET
July 14 (Bloomberg) -- Crude oil rose for the first time in two days as U.S. stocks rallied after analyst Meredith Whitney recommended buying shares of Goldman Sachs Group Inc.
Crude Oil Falls a Second Day as Equities Drop, Stockpiles Gain
Bloomberg - Mon Jul 13, 5:19 am ET
July 13 (Bloomberg) -- Crude oil fell for a second day as equities declined, raising speculation that the global recession will sap demand for fuel and increase stockpiles.
Canadian Dollar Advances to Three-Week High as Crude Oil Rises
Bloomberg - Tue Jul 14, 10:36 am ET
July 14 (Bloomberg) -- Canada’s dollar strengthened to the highest level in more than three weeks as crude oil rose above $61 a barrel and investors speculated more corporate earnings will top estimates.
Crude oil prices rise slightly
UPI - Mon Jul 13, 6:15 pm ET
NEW YORK, July 13 (UPI) -- Crude oil nudged above $60 per barrel on the New York Mercantile Exchange Monday as stocks rallied on Wall Street.
Gasoline prices drop for the fourth straight week
USA Today - Tue Jul 14, 1:52 am ET
Gasoline prices fell for the fourth week in a row, dropping to the lowest level in six weeks, the U.S. Energy Department said Monday, as cheaper crude oil costs were passed onto consumers at the pump.
Canada’s Dollar Gains to Three-Week High as Crude Oil Advances
Bloomberg - Tue Jul 14, 8:51 am ET
July 14 (Bloomberg) -- Canada’s dollar strengthened to the highest level in three weeks as crude oil rose above $61 a barrel, global stocks rose for a second day and investors speculated corporate earnings will top estimates.
Crude oil prices head lower
UPI - Mon Jul 13, 9:45 am ET
NEW YORK, July 13 (UPI) -- Crude oil prices fell to nearly $59 per barrel on the New York Mercantile Exchange Monday as a slide in prices headed into its fifth week.
Soybean, Corn Futures Drop in Chicago as Crude Oil Declines
Bloomberg - Mon Jul 13, 6:37 am ET
July 13 (Bloomberg) -- Soybean and corn futures fell in Chicago as a drop in crude oil reduced the appeal of alternative fuels made from crops and favorable weather boosted supply prospects in the U.S.
Crude Oil Inventories Decline, Gasoline Stockpiles Rise In Recent Week
INO News - Wed Jul 8, 11:28 am ET
(RTTNews) - Crude oil stockpiles fell again in the recent week, according to data released by the Energy Information Administration on Wednesday. However, gasoline and distillate stockpiles rose more than expected, dragging prices lower.
Crude Oil Prices Remain Below $60
INO News - Mon Jul 13, 4:27 pm ET
(RTTNews) - Crude oil finished below $60 for a second straight session on Monday as demand concerns continued to linger. The drop took oil to an eight-week low.
Total’s Second-Quarter Refining Margins Slump on Weak Demand
Bloomberg - Wed Jul 15, 3:17 am ET
July 15 (Bloomberg) -- Total SA , Europe’s largest refiner, said profits from turning a barrel of crude oil into fuels slumped 69 percent in the second quarter compared with a year earlier, amid weak demand for gasoline and diesel.
Oil Falls to 8-Week Low, Gasoline Tumbles on Economic Concern
Bloomberg - Mon Jul 13, 3:07 pm ET
July 13 (Bloomberg) -- Crude oil fell to an eight-week low and gasoline tumbled on concern that the economy and fuel consumption won’t recover this year.