06262016Sun
Last update: Sun, 26 Jun 2016 06pm

Americas

Markets - Energy - Americas

Oil up in choppy trade ahead of Britain's EU vote NEW YORK: Oil prices rose in volatile trade on Thursday, with investors less worried about prospects for the global economy after the last pre-vote opinion polls showed Britain was likely to remain in the European Union. Oil prices were also supported by market intelligence firm Genscape's report of a drawdown of nearly 1 million barrels at the Cushing, Oklahoma storage base for US crude futures during the week to June 21, traders who saw the data said. Brent crude was up 35 cents, or 0.8 percent, at $50.23 a barrel by 12:11 p.m. EDT (1602 GMT). During the session it rose as much as 2 percent, hitting an intra-day high of $50.90. US crude was at $49.46 a barrel, up 33 cents. It traded between $50 and a session low of $49.08. Commodities and other financial markets have been on tenterhooks ahead of Britain's referendum on EU membership. Most results ...

Markets - Energy - Americas

Canada oil output to jump 28pc by 2030, transport an issue CALGARY: Oil output from Canada's vast reserves is set to outpace infrastructure to bring that crude to market in coming years, the Canadian Association of Petroleum Producers (CAPP) said on Thursday, even as it scaled back its long-term growth forecast.The industry group representing Canada's oil and natural gas producers predicted in its annual growth forecast that output will grow by 28 percent to 4.9 million barrels per day (bpd) by 2030. This was lower than ...

Markets - Energy - Americas

US Cash Soymeal-CIF offers firm on freight gains, export demand CHICAGO: Basis offers for US soymeal were higher in the export barge market on Thursday, lifted by increased shipping costs on Midwest rivers and good export demand along the Gulf Coast, dealers said.Seasonal downtime at some soybean processing plants also limited available supplies, further underpinning export offers. However, sluggish domestic demand weighed on offers in the soymeal truck market with truck offers easing by $3 per ton in Minnesota, the dealers said.The US Department of ...

Markets - Energy - Americas

US refineries boosted output by 349,948 bpd in 2015: EIA NEW YORK: US crude oil refining capacity grew by 349,948 barrels per calendar day (bpd), or 2 percentage points, in 2015 to 18.3 million bpd, according to the US Energy Information Agency's refinery capacity report posted late Wednesday. Most of the growth was in Texas, which added 218,503 bpd, as condensate splitters were built in Houston and Corpus Christi, Texas and existing refineries removed inefficiencies to boost crude oil intake. The number of operating refineries ...

Markets - Energy - Americas

Oil slips on modest US draw; market swings seen pre-UK vote NEW YORK: Oil prices fell about 1 percent on Wednesday after a smaller-than-expected weekly US inventory draw erased early gains in crude futures. Investors also anticipated more market volatility ahead of Thursday's vote on whether Britain should stay in the European Union. Brent crude was down 55 cents, or 1.1 percent, at $50.07 a barrel by 11:08 a.m. EDT (1508 GMT), after climbing to $51.24 at the session high.US crude's West Texas Intermediate (WTI) futures ...

Markets - Energy - Americas

Oil up, awaiting US stockpile data; swings seen pre-UK vote NEW YORK: Oil prices rose above $50 a barrel on Wednesday, helped by an industry report showing a large drop in US crude inventories and on expectations that Britain will vote to stay in the European Union in an impending referendum. US crude stockpiles fell by 5.2 million barrels last week, the American Petroleum Institute (API) said on Tuesday, a figure three times more than that projected by industry analysts. Official inventory data is due ...

Markets - Energy - Americas

US natgas futures rally stalls as some generators switch to coal A four-week rally in US natural gas futures fueled by an unusually hot start to the summer stalled on Tuesday despite forecasts for above-normal heat through at least early July as rising prices make it economical for some generators to switch from gas- to coal-fired plants.Out West, California passed its first test on Monday to keep the gas flowing and lights on during an early summer heat wave that pushed next-day gas prices at the ...