Archives for 2016
Oil companies press House to cap ethanol blend below 10 percent
The fight over the federal ethanol mandate that has pitted corn farmers and oil refineries against one another is not taking a break now Donald Trump is heading to the White House. Executives from BP...
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Market Currents: OPEC hopes offset EIA inventory builds
Oil is rallying for a second consecutive day, despite a bearish-tilted EIA report. As more weight is placed on behind-the-scenes OPEC meetings, financial positioning is shifting bullish once more. Hark, here are six things to...
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U.S. oil stockpile rises by 5.3 million barrels
The nation’s oil stockpile increased by 5.3 million barrels last week, coming in well above the amount analysts had forecast, a new report shows. U.S. crude edged lower after the Energy Information Administration said U.S....
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Refiners export gasoline as glut continues
The U.S. has more gasoline than it knows what to do with. Exports have risen above imports for three consecutive weeks as recurring pipeline outages and higher production levels by refiners caused Gulf Coast inventories...
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Market Currents: Nigerian & Libyan oil exports up over a million barrels per day
After a strong sell-off in recent days, option expiry combines with OPEC cut expectations to emphatically rally prices on this third Tuesday in November. Hark, here are five things to consider in oil markets today:...
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