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The largest and most advanced pier in the Middle East at Kuwait's largest refinery of Al-Ahmadi just north of Al-Shuaiba. OPEC member Kuwait is forecast to post a budget surplus of up to 22.3 billion dollars this fiscal year on the back of better than expected oil prices, a local bank said.(AFP/File/Yasser al-Zayyat)

Enlarge Photo AFP/File Slideshow:Oil Industry

Oil below $79 as Ida weakens to tropical storm

AP - Tue Nov 10, 7:26 am ET

AP - Oil prices swung around $79 a barrel Tuesday, as a storm threatening oil installations in the Gulf of Mexico weakened and investors eyed a volatile dollar.

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Crude oil prices rise Monday
UPI - Mon Nov 9, 5:29 pm ET
NEW YORK, Nov. 9 (UPI) -- A late season storm, Ida, pushed oil markets higher during the weekend with prices topping $79 per barrel on the New York Mercantile Exchange.
Crude oil gains slightly on storm news
UPI - Mon Nov 9, 9:18 am ET
NEW YORK, Nov. 9 (UPI) -- A late season storm, Hurricane Ida, pushed oil markets higher during the weekend with prices rising near $80 per barrel on the New York Mercantile Exchange.
Oil below $79 as storm fears abate, stocks seen up
Reuters via Yahoo! News - Tue Nov 10, 1:44 am ET
Oil prices eased to below $79 a barrel on Tuesday, as tropical storm Ida, which cut U.S. oil and gas supplies, was downgraded from a powerful hurricane and U.S. crude oil stockpiles were forecast to rise slightly.
Oil below $79 as storm fears abate
Reuters via Yahoo! News - Tue Nov 10, 3:08 am ET
Oil prices fell to below $79 a barrel on Tuesday, as tropical storm Ida, which cut U.S. oil and gas supplies, was downgraded from a powerful hurricane and U.S. crude oil stockpiles were forecast to rise slightly.
Futures Movers: Crude rises above $80
Market Watch - Tue Nov 10, 7:25 am ET
Crude-oil futures rise to above $80 a barrel, pacing gains in U.S. stocks, as the U.S. dollar remained weak and as concerns over the Tropical Storm Ida's threat continued even though the storm reduced its strength as it approaches the Gulf Coast.
US lawmaker urges Obama to curb Iran’s gasoline supplies
WashingtonTV - 1 hour 9 minutes ago
Washington, 10 November (WashingtonTV)—US Republican Representative Mark Kirk on Monday called on President Barack Obama to form an international coalition to cut off gasoline deliveries to Iran, in response to its rejection of a United Nations-brokered nuclear fuel deal.
Sinopec, PetroChina Shares Gain After China Raises Fuel Prices
Bloomberg - Mon Nov 9, 11:07 pm ET
Nov. 10 (Bloomberg) -- China Petroleum & Chemical Corp. , and PetroChina Co. , the nation’s two largest oil refiners, rose in Hong Kong trading after the government increased gasoline, diesel and jet fuel prices for the first time in more than two months.
Crude Oil Falls as U.S. Jobless Rate Climbs to 26-Year High
Bloomberg - Fri Nov 6, 1:37 pm ET
Nov. 6 (Bloomberg) -- Crude oil fell after the Labor Department reported that the U.S. unemployment rate surged to a 26-year high, undermining speculation that fuel consumption will rebound next year.
Crude Oil Prices Ease Slightly
OfficialWire - Fri Nov 6, 3:26 am ET
Crude oil prices eased back below $80 per barrel on the New York Mercantile Exchange Thursday, despite U.S. stockpiles dropping.
Crude Oil Falls as Unemployment Rate Climbs to 26-Year High
Bloomberg - Fri Nov 6, 10:00 am ET
Nov. 6 (Bloomberg) -- Crude oil fell after the U.S. unemployment rate surged to a 26-year high, undermining speculation that fuel consumption will rebound next year.
Crude oil declines as unemployment hits 10.2%
WALB Albany - Mon Nov 9, 10:43 am ET
Oil analysts reason that if people aren’t working, they’re not likely to consume more fuel. The positive news for consumers is that retail prices have flattened, at least temporarily.
Crude Oil Falls, Erasing Earlier Gains on Inventory Concerns
Bloomberg - Fri Nov 6, 8:46 am ET
Nov. 6 (Bloomberg) -- Crude oil fell in New York, erasing earlier gains as concerns that fuels supplies remain high overrode signs of an economic recovery.
Oil Rises as Hurricane Ida Disrupts Output, Dollar Weakens
Bloomberg - Mon Nov 9, 1:35 am ET
Nov. 9 (Bloomberg) -- Crude oil rose from a one-week low as Hurricane Ida entered the Gulf of Mexico, forcing BP Plc and Chevron Corp. to cut output, and as the dollar weakened.
Crude Oil Rises, Poised for Weekly Gain, on Signs of Recovery
Bloomberg - Fri Nov 6, 3:23 am ET
Nov. 6 (Bloomberg) -- Crude oil rose in New York, poised for a weekly gain, on optimism fuel demand will increase amid improved prospects for an economic recovery in the U.S., the world’s biggest energy consumer.
Demand Worries Drag Crude Oil Down More Than $2
INO News - Fri Nov 6, 4:11 pm ET
(RTTNews) - Crude oil dropped on Friday morning as discouraging jobs data raised energy demand concerns. Prices are down for a second straight day to pull further below $80.
Retail gasoline-price rally hits the brakes, analysts say
Los Angeles Times - Mon Nov 9, 7:25 pm ET
Average cost at the pump in California falls 0.6 of a cent over the last week to $2.981 a gallon. The U.S. average falls 2.8 cents to $2.666. Analysts said Monday that the month-old rally in retail gasoline prices across the U.S. had fizzled.
Oil Climbs as Dollar Weakens, Tropical Storm Ida Curbs Output
Bloomberg - Mon Nov 9, 4:37 pm ET
Nov. 9 (Bloomberg) -- Crude oil rose as a falling dollar bolstered investor demand for commodities and Tropical Storm Ida entered the Gulf of Mexico, forcing BP Plc and Chevron Corp. to cut output.
Gazprom, Lukoil, Novatek Upgraded to ‘Overweight’ at HSBC
Bloomberg - Tue Nov 3, 2:05 am ET
Nov. 3 (Bloomberg) -- OAO Gasprom, the world’s biggest natural gas producer, OAO Lukoil and OAO Novatek were upgraded to “overweight” from “neutral” at HSBC Holdings Plc, which raised its price estimate on the Russian energy stocks citing a lower equity risk premium.
Crude Oil Rises Above $80 Per Barrel
INO News - Wed Nov 4, 4:26 pm ET
(RTTNews) - Crude oil prices rallied above $80 per barrel after the Energy Information Administration reported a drop in weekly inventories. Light sweet crude for December finished at $80.40 per barrel, up 80 cents for the session. Earlier, oil hit an intraday high of at $81.06.
Tax waivers for pipeline to cost local governments
San Francisco Chronicle - Mon Nov 9, 4:10 pm ET
Leaders from six Kansas counties want a chance to challenge the state's contention that the Canadian owner of a crude oil pipeline is eligible for millions of dollars in tax credits. The Kansas portion of the pipeline will run through Washington, Clay,... Kansas - Pipeline transport - Petroleum - Washington - Business

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