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Exxon says no explosion at Joliet, Illinois refinery HOUSTON: Exxon Mobil Corp said there was no explosion on Thursday at its 238,600 barrel per day (bpd) Joliet, Illinois, refinery, contrary to multiple messages across social media platforms. "We also felt/heard something at my home about 20 miles (32 km) east of the refinery but refinery operations are 100 percent normal," said Exxon spokeswoman Tricia Simpson. "In fact, the shift superintendent (at the refinery) didn't hear or feel anything." Patti Thompson, spokeswoman for the Illinois Emergency Management Agency (IEMA), said there had been no reports received by IEMA of an explosion in the state. WGN-AM radio said there were several reports of a loud boom in the southern suburbs of Chicago, but the cause had not been identified. Copyright Reuters, 2015 ...

Oil eases on persistent supply glut, production outlook CALGARY: Oil prices fell on Thursday after six days of gains, as concerns that escalating tension in the Middle East could disrupt supply faded, and the focus returned to a persistent market glut. Brent crude settled down 71 cents at $45.46 a barrel, having earlier dropped more than $1 to a session low of $45.00 a barrel. West Texas Intermediate (WTI) futures, the US crude benchmark, were 53 cents lower at $42.51 per barrel at ...
Canadian Oil Sands in early-stage talks with potential bidders TORONTO: Canadian Oil Sands, which is trying to attract a white knight after a hostile bid from Suncor Energy, needs more time to review its options as more than two dozen parties have expressed an interest in the company, according to a regulatory filing. An affidavit submitted to the Alberta Securities Commission by the Royal Bank of Canada, which has been retained by Canadian Oil Sands to lead a review of the company's options, said ...
US crude stocks rise, gasoline inventories exceed expectations NEW YORK: US crude stocks rose less than expected last week, while gasoline and distillate inventories also increased, data from the Energy Information Administration showed on Wednesday. Crude inventories rose by 1 million barrels in the last week, compared with analysts' expectations for an increase of 1.2 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.744 million barrels, EIA said. Refinery crude runs rose by 304,000 barrels per day, EIA data ...
Big funds in rare bearish turn on gasoline, record diesel shorts NEW YORK: Big funds have turned bearish on US gasoline prices for only the third time in at least a decade, and expanded short diesel positions to a record high, on bets that a yearlong crude glut may spill into fuel markets. Managed money gasoline positions on the New York Mercantile Exchange turned net short last week for the third time since the Commodity Futures Trading Commission began collecting the data in 2006, according to ...
Average US gasoline prices resume slide, hit 10-month low NEW YORK: The average price of gasoline in the United States resumed its slide over the past two weeks, dropping 11 cents to $2.14 a gallon, the lowest since late January, according to a Lundberg survey released on Sunday. The 5 percent decline in gasoline prices came as oil refiners and gasoline wholesalers and retailers passed along lower oil-buying prices to consumers, said survey publisher Trilby Lundberg in emailed comments. Current retail gas prices were ...
Venezuelan oil minister says OPEC cannot allow a price war TEHRAN: OPEC cannot allow an oil price war and must take action to stabilise the crude market soon, Venezuelan oil minister Eulogio del Pino said on Sunday."OPEC has to do something very soon ... We don't agree with the position that says the market some way is going to dictate the price of crude oil. We don't agree with that position of Saudi Arabia," del Pino said on the sidelines of the Gas Exporting Countries ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
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Trade Balance $-2.197 bln
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WeeklyNovember 23, 2015
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