FuelFix
EPA raises ethanol mandate higher, riling oil companies
The amount of ethanol and other biofuels that must be blended into the nation’s fuel supply must increase by 6 percent next year, the U.S. Environmental Protection Agency announced Wednesday. That represented a significant gain...
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Oil stockpile slides, but prices stay flat
The amount of oil stored in U.S. tanks declined by 1.3 million barrels last week, the Energy Department said Wednesday, but crude prices remained flat. The decline came after two consecutive weekly inventory builds that...
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Market Currents: Iran exports into EU ramping up
Happy Thanksgiving Eve! A fairly neutral EIA report – tilted a wee bit bullish for crude, bearish for the products – has been a welcome distraction, before a surgical focus has returned to every rumor...
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Gas prices down; Thanksgiving travel up
Average U.S. gasoline prices are the second-lowest in eight years, driving projected Thanksgiving weekend travel to levels not seen since before the Great Recession. U.S. regular-grade gasoline averaged $2.16 per gallon this week, up 6...
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North Sea oil glut diminishes as supplies move east
A glut of North Sea oil that’s helped depress global prices and heap pressure on OPEC is poised for short-term relief after traders booked tankers to take as much as half of the region’s key...
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