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Bakken oil-train loadings up again on Monday: Genscape NEW YORK: Oil-by-rail shipments via a dozen major loading terminals in the Bakken region in North Dakota rose again on Monday after running at unusually low rates last week following new US testing and shipping regulations, Genscape data showed on Tuesday. A total of 688,425 barrels of crude was loaded at 11 terminals on Monday, up from 665,000 on Sunday and more than double the average rate of the four days proceeding Sunday, according to an assessment by industry intelligence group Genscape, which uses cameras to count the number of tank cars loaded at major terminals. In the two weeks prior to Tuesday's emergency order imposing new oil testing rules, shipments had been running at about 550,000 barrels per day (bpd), on average. But in the four days following the order, shipments dropped to some 312,000 bpd. On Friday and Saturday, an average of 280,000 barrels was loaded. Oil traders ...

Oil prices jump on supply fears over Ukraine crisis NEW YORK: Global oil prices soared to the highest levels this year on Monday as the Ukraine crisis raised concerns about disruptions to energy supplies.New York's main contract, West Texas Intermediate (WTI) for April, surged $2.33, or 2.3 percent, to settle at $104.92 a barrel, the highest close since September.Brent North Sea crude for delivery in April shot up $2.13 (2.0 percent), finishing at $111.20 a barrel in London trade."The on-going uncertainty in Ukraine has ...
For oil traders, a vexing new risk: US politics NEW YORK: Oil traders are past masters at handicapping geo-political risks, from war in the Middle East to resource nationalists in Latin America. Lately, they face another confounding political landscape: Washington. As a bounty of shale oil transforms the trading landscape across North America, US policymakers are being confronted with a host of issues that hold immediate and material implications to energy companies, investors and traders. While energy policy has typically ...
U.S. oil prices rise as Bakken crude rail shipments fall NEW YORK: U.S. oil on Friday had its eighth straight week of gains on market talk of fewer oil rail shipments from the booming Bakken shale in North Dakota.Brent oil settled moderately higher but ended the week lower, weighed down by an outlook for dampening demand in China and another for stymied European growth due to uprisings in Ukraine.Crude oil loadings at a dozen major North Dakota rail terminals fell by more than 200,000 barrels ...
Kerry stays mum on Keystone pipeline deliberations WASHINGTON: US Secretary of State John Kerry Wednesday refused to give away any hint on whether he will approve a controversial Canada to US oil pipeline, saying he was intensely studying the plan.The Keystone XL pipeline, first proposed in 2008, is slated to cross US borders bringing oil from the tar sands of Alberta to refineries in the US state of Nebraska and then further south to Texas.But it has been long delayed awaiting an ...
US oil rises after stockpiles report points to demand NEW YORK: Global oil prices rose on Wednesday, with US prices gaining a boost from a bullish stockpiles report and another wintry blast of cold hitting the country.New York's main contract, West Texas Intermediate (WTI) for delivery in April, gained 76 cents over the session, closing at $102.59 a barrel.Brent North Sea crude for April ticked up one cent to settle at $109.52 in London trade.The US Department of Energy's weekly petroleum stockpiles report lifted ...
Oil prices fall ahead of US stockpiles report NEW YORK: Oil prices sank on Tuesday as traders expected a rise in US commercial crude stockpiles and worried about China's economic health.New York's main contract, West Texas Intermediate for delivery in April, sank 99 cents to close at $101.83 a barrel.In London trade, Brent North Sea crude for April tumbled to $109.51 a barrel, down a hefty $1.13 from Monday's close.The markets appeared under pressure from profit taking ahead of Wednesday's weekly US petroleum ...


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