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By Mark Shenk, Bloomberg |
September 19, 2012
Oil tumbled to a six-week low after U.S. crude inventories surged the most since March as production and imports rebounded from Hurricane Isaac.
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By Moming Zhou, Bloomberg |
September 14, 2012
The power of hurricanes to drive up oil prices is diminishing as the proportion of U.S. crude coming from the Gulf of Mexico falls to a 14-year low because of the increase in onshore shale production.
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By Phil Flynn |
September 11, 2012
Gas prices still are not really coming down in Chicago or in China. Motiva Enterprises LLC expects to need another week to get the main production units running at its Convent, La. refinery.
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By Phil Flynn |
September 7, 2012
About an hour before the pit session closed yesterday, a story circulated that there was going to be a release of oil from the Strategic Oil Reserve this weekend and that started the big sell-off.
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By Phil Flynn |
September 6, 2012
As of yesterday the Bureau of Safety and Environmental Enforcement said that from operator reports, it is estimated that approximately 49.33% of the current daily oil production in the Gulf of Mexico has been shut-in.
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By Dominick Chirichella |
September 5, 2012
The oil complex is in a battle between the perception traders, who look for more stimulative measures, and the reality traders, who see the global economy is slowing and demand for oil will continue to decline.
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By Phil Flynn |
September 4, 2012
Of the 11 Gulf Coast refineries affected by Isaac-related flooding and power outages, one has returned to normal operation and nine others are restarting or operating at reduced rates.
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By Phil Flynn |
August 30, 2012
If short sided oil traders thought they would be basking in sunny big time profits after the storm, I would have to say at this point, they have to be a bit disappointed.
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By Brian K. Sullivan and Mark Drajem, Bloomberg |
August 29, 2012
As Tropical Storm Isaac moves up the Mississippi River Valley with drenching rain, it will probably miss the drought-parched areas of the Midwest that need water most while ruining crops in other areas waiting for harvest.
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By Dominick Chirichella |
August 29, 2012
As Hurricane Isaac passes through the area over the next several days the industry will be able to quickly assess the condition of the oil and Nat Gas facilities. Until then, it focuses on inventories.
