02142016Sun
Last update: Sun, 14 Feb 2016 10pm

Americas

Markets - Energy - Americas

US July crude oil exports as much as 400,903 bpd in July NEW YORK: US crude oil exports reached as much as 400,903 barrels per day in July, according to data from the U.S. Census Bureau released on Thursday.The higher numbers in July come on the heels of exports of crude oil from U.S. shores in June reaching 396,000 bpd, the highest on record since 1957.Exports to Canada were as much as 372,701 bpd, Census data showed. Exports to Singapore were 2,840 bpd with exports to Switzerland were 11,731 bpd. Meanwhile, exports to Italy reached 13,630 bpd, which appears to be the first on record according to data available from the U.S. Energy Information Administration.Copyright Reuters, 2014 ...

Markets - Energy - Americas

Oil gains more than $2, Brent rebounds from 16-month low NEW YORK: Crude oil prices jumped by more than $2 a barrel on Wednesday off multimonth lows as the prospect of peace talks between Ukraine and Russia combined with strong US economic data to raise demand expectations. New orders for US factory goods jumped in July and automobile sales in August were unexpectedly robust, offering further signs of strength in the manufacturing sector. President Vladimir Putin outlined plans for a ceasefire in eastern Ukraine on ...

Markets - Energy - Americas

Oil rallies as Ukraine hopes lift sentiment NEW YORK: World oil prices rebounded Wednesday following the prior day's heavy losses in a rally spurred in part by hopes for a resolution to the Ukraine conflict.US benchmark West Texas Intermediate for October delivery gained $2.66 to close at $95.54 on the New York Mercantile Exchange, largely recovering from a more than $3 drop the prior day.European benchmark Brent oil for delivery in October jumped $2.43 to $102.77 a barrel in London, coming back ...

Markets - Energy - Americas

Oil rises over $1, Brent rebounds from 16-month low NEW YORK: Crude oil prices climbed by more than $1 a barrel on both sides of the Atlantic on Wednesday as oil markets bounced off multimonth lows hit in the previous session, as the prospect of peace talks between Ukraine and Russia as well as strong U.S. economic data raised demand expectations.New orders for U.S. factory goods jumped in July and automobile sales in August were unexpectedly robust, offering further signs of strength in the ...

Markets - Energy - Americas

Oil prices sink to multi-month lows on demand concerns NEW YORK: US oil prices plunged more than $3 Tuesday following weak manufacturing data from China and Europe and amid generous supplies around the world.US benchmark West Texas Intermediate for October delivery sank $3.08 to $92.88 a barrel on the New York Mercantile Exchange, its lowest level since January. NYMEX was closed Monday due to the Labor Day holiday in the US.European benchmark Brent oil for October delivery fell $2.45 to $100.34 a barrel. Earlier ...

Markets - Energy - Americas

Pelotas Basin, near Uruguay, in 2015 oil auction: source RIO DE JANEIRO: The Pelotas Basin, just north of Uruguay, is expected to be included in a licensing round for oil exploration blocks in Brazil next year and is likely to be one of the main draws, a source from the national regulator ANP told Reuters on Tuesday. The opening up of this new area could extend a string of large offshore discoveries which already stretch for more than a thousand kilometres from Brazil's state ...

Markets - Energy - Americas

Brent oil sinks to 15-month low NEW YORK: Brent crude oil futures fell to the lowest level in 15 months on Tuesday, pressured by the prospect of slowing oil demand growth in China and Europe, while a strong dollar and ample supplies pressured US prices. Oil prices on both sides of the Atlantic have been in steady decline since the end of June as concerns faded over supply disruptions from Iraq, Libya and Russia. Continued supply from key producing regions and ...