09272016Tue
Last update: Tue, 27 Sep 2016 03pm

Americas

Markets - Energy - Americas

US Cash Crude-Grades flat on thin volumes NEW YORK: US cash crude differentials were little changed on Monday on thin volumes, dealers said.The market was expected to remain quiet ahead of a holiday weekend, traders added.In the Gulf of Mexico, some US oil and gas producers shut production, moved drilling rigs and evacuated non-essential workers as Tropical Depression Nine began to disrupt operations.While some offshore crude grades, including Poseidon and Thunder Horse, saw a rise in differentials, Southern Green Canyon fell to its weakest in a month.Meanwhile, US crude oil commercial inventories were seen rising for the second straight week, while gasoline stocks likely fell in the week to Aug. 26, according to a preliminary Reuters poll on Monday.* Light Louisiana Sweet for October delivery was unchanged at a midpoint of $1.60, trading at $1.60 a barrel premium to US crude futures.Mars Sour rose 8 cents to a midpoint of negative $3.17 and traded at $3.25 a ...

Markets - Energy - Americas

Statoil expects ‘loads of’ M&A deals coming up, strategy chief says STAVANGER: John Knight, Statoil's executive vice-president for global strategy and business development, told Reuters on the sidelines of the ONS oil conference in Stavanger, Norway on Monday: ** "Absolutely, I think there are loads of deals out there," he said when asked whether he expects more deals coming up ** Says: "If you look at the acquisition and divestment markets for upstream oil and gas on a global basis over the last five years, they ...

Markets - Energy - Americas

Latam stocks, currencies seesaw on Fed rate hike bets SAO PAULO: Latin American stocks and currencies seesawed on thin trading volumes on Monday as comments from US Federal Reserve policymakers boosted uncertainty about the prospect of an imminent rate hike.Fed Chair Janet Yellen said on Friday the case for an increase has grown but refrained from mentioning a specific timeframe.But her Vice Chair Stanley Fischer later said her comments were consistent with the possibility of a September hike, boosting the dollar's value all over ...

Markets - Energy - Americas

Mexico gov't to propose liberalizing gas prices from Jan 2017 MEXICO CITY: Mexico's government will next week propose that Congress bring forward one year, to January 2017, the planned liberalization of gasoline prices, the finance ministry said on Monday. The measure aims to foster competition in the retail gasoline market, which is currently in the hands of state oil company Pemex. The state giant produces and imports gasoline consumed within Mexico. Private companies are already allowed to enter the gasoline market under a landmark energy ...

Markets - Energy - Americas

Shell Deer Park FCCU to shut Sept 12 for overhaul HOUSTON: Royal Dutch Shell Plc plans to shut the gasoline-producing fluidic catalytic cracking unit for a planned overhaul at the its joint-venture 285,500 barrel per day (bpd) Deer Park, Texas refinery by Sept. 12, said sources familiar with plant operations on Monday. The overhaul of the 70,000 bpd FCCU is expected to last through at least the end of October, the sources said. Copyright Reuters, 2016 ...

Markets - Energy - Americas

Oil up on reports of Yemen missiles hitting Saudi oil facilities NEW YORK: Oil prices rose about 2 percent on Friday after reports of Yemeni missiles hitting Saudi Arabia's oil facilities. Yemeni forces have fired ballistic missiles at the facilities belonging to the Saudi state oil giant Aramco in the kingdom's southwest, according to traders citing reports by Iran Press TV and Yemen TV. Prices were also supported dollar tumbled against a basket of currencies after US Federal Reserve Chair Janet Yellen's comments at an international ...

Markets - Energy - Americas

Oil prices rise as Iran joins OPEC meet NEW YORK: Oil prices cautiously rose on Thursday as Iran said it would join talks on global output with other OPEC members and Russia, and the dollar fell slightly.A barrel of West Texas Intermediate for October delivery finished up 56 cents over Wednesday, closing at $47.33 on the New York Mercantile Exchange.In London, North Sea Brent for October delivery settled up 62 cents at $49.67 per barrel on the Intercontinental Exchange.Investors in recent weeks have ...