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By Barbara Powell, Bloomberg |
October 30, 2012
Gasoline fell on speculation that demand will decline on the East Coast as Atlantic superstorm Sandy causes widespread flooding and power outages.
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By Phil Flynn |
October 24, 2012
Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7% this year to an average of 10.9 million barrels per day.
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By Rita Nazareth, Bloomberg |
October 23, 2012
U.S. stocks fell, sending the Dow Jones Industrial Average toward its biggest loss since June, amid disappointing results at companies from 3M Co. to DuPont Co. and as commodities erased their gain for the year.
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By Jeff Wilson, Bloomberg |
October 11, 2012
Corn futures jumped the most in two weeks after a government report showed global inventories will drop more than expected as the worst U.S. drought in more than 50 years cuts output by the most since 1996.
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By Barbara J Powell, Bloomberg |
October 3, 2012
U.S. gasoline prices at the pump are poised to drop by year end, if history is any guide, as refineries resume production, Europe exports more fuel to the East Coast and Americans drive less.
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By Paul D. Cretien |
October 1, 2012
Because energy companies are subject to the crack spread, we explore whether the price of one refined product can be used to forecast the other.
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By Phil Flynn |
September 27, 2012
US oil production last week hit the highest level since January 1997! Not only that, but America, in the first six months of this year, met 83% of its energy needs with its own domestic production.
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By Jeff Wilson and Alan Bjerga, Bloomberg |
September 12, 2012
Corn production in the U.S., the world’s largest grower and exporter, will drop 13 percent to a six-year low after the worst drought in more than 50 years damaged Midwest fields, the government said.
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By Dan Murtaugh, Bloomberg |
September 7, 2012
The U.S. shale boom has driven the cost of Gulf Coast light, sweet oil to its lowest level versus Brent crude in almost a quarter century as the nation’s dependence on foreign supplies wanes.
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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.
