09282016Wed
Last update: Wed, 28 Sep 2016 10pm

Americas

Markets - Energy - Americas

Oil down 2pc as US crude build offsets gasoline draw NEW YORK: Oil prices fell 2 percent on Wednesday after the second-biggest weekly draw in US gasoline this summer was countered by an unseasonal growth in crude stockpiles. Data showing Saudi Arabia pumping oil at record high volumes in July added to worries about a global crude glut.US crude inventories gained 1.1 million barrels in the week ended Aug. 5, the US Energy Information Administration (EIA) reported, in a third straight week of builds that surprised the market. Analysts polled by Reuters had expected a 1.0 million-barrel crude draw instead. The EIA also reported that US gasoline stocks fell 2.8 million barrels last week in the second-biggest weekly draw for gasoline since mid-April.The draw, coming despite US East Coast refinery runs hitting 2011 lows, exceeded expectations for a gasoline stockpile drop of only 1.1 million barrels. US West Texas Intermediate (WTI) crude futures were down 88 cents, or 2 percent, ...

Markets - Energy - Americas

Oil reverses gains on surprise US crude build NEW YORK: Oil prices were largely unchanged on Wednesday, giving up earlier gains after the U.S. government reported a surprise crude stockpile build.Crude inventories rose 1.1 million barrels in the week ended Aug. 5, compared with analysts' expectations for a decrease of 1.0 million barrels, the U.S. Energy Information Administration (EIA) said.U.S. West Texas Intermediate (WTI) crude futures fell 5 cents to $42.75 per barrel by 10:50 a.m. EDT (1450 GMT).U.S. gasoline futures rose nearly ...

Markets - Energy - Americas

Oil prices down as OPEC meeting awaited NEW YORK: Oil prices fell slightly on world markets on Tuesday, with investors taking profits after consecutive rises in recent days.A barrel of West Texas Intermediate for September delivery fell 25 cents to $42.77 on the New York Mercantile Exchange, after having risen nearly a dollar and a half the day before.In London, a barrel of North Sea Brent for October delivery fell 41 cents to $44.98 on the Intercontinental Exchange.The slight declines followed Monday's ...

Markets - Energy - Americas

US WCoast Products-Los Angeles gasoline extends losses HOUSTON: Los Angeles gasoline differentials slipped slightly on Monday, while jet fuel differentials in Southern California firmed.Tesoro Corp on Monday said it completed planned maintenance at its 240,000 barrel per day Los Angeles refinery over the weekend.August CARBOB in Los Angeles dipped 0.5 cent to sell at a 10.5-cent-a-gallon discount to NYMEX RBOB futures . September-delivering CARBOB was pegged at parity to the NYMEX.In San Francisco, August CARBOB was unchanged at roughly a 2-cent-a-gallon discount ...

Markets - Energy - Americas

US Cash Crude-Grades mostly stable in moderately active trading NEW YORK: US cash crude differentials were mostly stable on Monday in moderately active trading.Market intelligence reported crude inventories at Cushing, Oklahoma rose by more than 307,000 barrels the week to Aug. 5, traders said on Monday.Light Louisiana Sweet for September delivery fell 2 cents to a midpoint of $1.63 and traded between $1.60 and $1.65 a barrel premium to US crude futures.Mars Sour fell 3 cents to a midpoint of minus $3.08 and traded ...

Markets - Energy - Americas

Grades steady, Whiting output still below capacity CALGARY: Canadian heavy crude prices were unchanged in thin trade on Monday as BP Plc worked to restore full production at its 413,500 barrel-per-day Whiting, Indiana, refinery, which is a major consumer of oil sands crude.Sources familiar with plant operations said gasoline production from the refinery had increased after issues last week caused BP to cut production by nearly 20 to 25 percent.Western Canada Select heavy blend crude for September delivery last traded at $14.90 ...

Markets - Energy - Americas

Hungarian stocks fall as Richter shares drop; currencies firm BUDAPEST/WARSAW: Hungary's main equities index fell on Friday, led lower by drug maker Richter , after the company said its drug cariprazine failed a clinical trial in the United States.Richter and its US partner, Allergan, said a clinical trial of cariprazine as treatment for a major depressive disorder failed, but the trials would continue . Richter's stocks fell 3 percent by 1514 GMT.Budapest's stock index fell one percent. Warsaw's blue-chip index was little changed.Polish assets ...