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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 - 4 minutes ago

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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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
Tesoro 3Q profit plunges 87 pct on weaker margins
INO News - Mon Nov 9, 10:41 am ET
(AP:SAN ANTONIO) Independent oil refiner Tesoro Corp. on Monday said its net income tumbled 87 percent as lower energy prices cut away at margins. Crude oil prices have climbed steadily since March, but gasoline prices haven't matched the pace, hurting margins for refiners.
Crude Oil Drops On Demand Worries Ahead Of Jobs Report
INO News - Thu Nov 5, 4:43 pm ET
(RTTNews) - Crude oil fell for the first time in four sessions on Thursday amid demand worries. Traders expressed caution ahead of tomorrow's big jobs report.
Crude oil back above $80 a barrel
Tulsa World - Thu Nov 5, 5:45 am ET
Crude oil prices bounced above $80 per barrel once again Wednesday, a level that even OPEC leaders have said is too high given the fragile state of the global economy.
Venezuela, Iran mull gasoline deal, joint oil company
UPI - Mon Nov 9, 6:03 pm ET
CARACAS, Venezuela, Nov. 9 (UPI) -- Venezuela and Iran are considering a wide-ranging energy cooperation deal that will give Iran a sanctions-busting option to import up to 20,000 barrels a day of gasoline from this Latin American country.
Lukoil Fined $225 Million In Russia Fuel-Market Probe
Nasdaq - Thu Nov 5, 9:47 am ET
MOSCOW -(Dow Jones)- Russian non-state oil giant OAO Lukoil (LKOH.RS) was fined RUB6.55 billion ($225 million) Thursday by the Russian antitrust regulator for abusing its dominant position in the refined oil-products market.
Illinois Rep. Kirk Calls on Obama to Cut Gasoline Deliveries to Iran
Fox News - Mon Nov 9, 5:45 pm ET
Rep. Mark Kirk, R-Ill., called Monday for an international coalition to block gasoline deliveries to Iran because of its rejection of a U.N. plan to curb its enriched uranium stockpile.
Oil Falls as Tropical Storm Ida Weakens in Gulf, Dollar Gains
Bloomberg - Tue Nov 10, 3:05 am ET
Nov. 10 (Bloomberg) -- Crude oil fell in New York after Tropical Storm Ida weakened in the Gulf of Mexico as it approached the U.S. coast, reducing the potential of further supply disruptions.
Crude oil supplies drop
UPI - Wed Nov 4, 1:23 pm ET
WASHINGTON, Nov. 4 (UPI) -- U.S. crude oil inventories fell by 4 million barrels in the week ending Oct. 30, the U.S. Energy Information Administration said Wednesday.
Stull, Stull & Brody Announces Investigation on Behalf of Investors in ProShares UltraShort DJ-UBS Crude Oil Fund
Business Wire via Yahoo! Finance - Fri Nov 6, 4:03 pm ET
NEW YORK----Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders ProShares UltraShort DJ-UBS Crude Oil Fund , an exchange-traded fund offered by ProShares Trust for possible violations of Sections 11 and 15 of the Securities Act of 1933 .
Oil settles above $79; Knoxville gasoline edges lower
Knoxville News Sentinel - Mon Nov 9, 11:01 am ET
Knoxville retail gasoline prices edged lower and oil prices shot above $80 a barrel Monday as a weakened U.S. dollar created more turbulence in energy markets than a tropical storm heading into the Gulf of Mexico. The average price of a gallon of regular unleaded in metropolitan Knoxville fell two-tenths of a cent overnight to $2.492, according to the AAA Daily Fuel Gauge Report. Although ...
Crude Oil Stockpiles Tumble by 4 Million Barrels
ABC News - Wed Nov 4, 11:41 am ET
Energy Dept. says crude oil inventories, gasoline stockpiles fell last week
Gazprom, Sberbank, GAZ, Lukoil: Russian Equity Market Preview
Bloomberg - Thu Nov 5, 1:08 am ET
Nov. 5 (Bloomberg) -- The following may be active in Russian trading. Stocks symbols are in parentheses and share prices are from the previous close. The 30-stock Micex Index sank 3.8 percent to 1,218.42 on Nov. 3, with all stocks declining.
Crude Oil Trades Above $79 on Economic Growth Data, Gold Gains
Bloomberg - Wed Nov 4, 2:07 am ET
Nov. 4 (Bloomberg) -- Crude oil traded little changed above $79 a barrel after rising yesterday on signs the U.S. economic expansion may spur fuel demand in the world’s largest energy consumer.
Crude Oil Futures Decline Before Data on U.S. Fuel Inventories
Bloomberg - Tue Nov 3, 8:20 am ET
Nov. 3 (Bloomberg) -- Crude oil fell in New York before a report forecast to show that crude-oil inventories increased for a fourth week. The industry-funded American Petroleum Institute publishes its weekly inventory figures today.
Crude Oil Rises a Third Day as Weak Dollar Bolsters Commodities
Bloomberg - Wed Nov 4, 9:53 am ET
Nov. 4 (Bloomberg) -- Crude oil rose a third day and gold surged to a record as a weaker U.S. dollar bolstered the appeal of commodities as an alternative investment.

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