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Crude-Oil Futures Settle Down 10 Cents at $94.15/Barrel, a 3-Week Low
(Friday, May 24, 2013) Crude-oil futures prices fell for the fourth day Friday amid concerns over future growth in oil demand by the world's two biggest oil consumers.
API's Felmy: Sound Energy Policy Could Help Address High Gasoline Prices
(Thursday, May 23, 2013) The Obama Administration could do more to address gasoline prices by supporting more U.S. oil and natural gas development and by avoiding harmful tax increases and unnecessary regulations, API's chief economist told reporters Thursday morning.
Crude-Oil Futures Settle 3 Cents Lower at $94.25/Barrel
(Thursday, May 23, 2013) Crude-oil futures prices slash early losses and rebound with equities prices to settle just three cents lower at $94.25 a barrel.
Oil Drops as Gasoline Stocks Rise, Fed Weighs Winding Down of Stimulus
(Wednesday, May 22, 2013) Crude futures drop 2% on a government report showing rising fuel supplies and signs that the Federal Reserve may be closer to winding down stimulus efforts.
Oil Drops as Gasoline Stocks Rise, Fed Weighs Winding Down of Stimulus
(Wednesday, May 22, 2013) Crude futures drop 2% on a government report showing rising fuel supplies and signs that the Federal Reserve may be closer to winding down stimulus efforts.
Flood of Russian Diesel Puts Pressure on European Refiners
(Tuesday, May 21, 2013) Russia's slowing economy is leading to a flood of Russian diesel flowing to Europe, which could force a new round of European refinery closures.
Shell CFO: Platts Provides Great Oil Price Transparency
(Tuesday, May 21, 2013) Royal Dutch Shell PLC does not know what exactly European Union regulators are investigating in a probe of the oil market, beyond what has been disclosed in public statements, the company's Chief Financial Officer, Simon Henry, said Tuesday.
Nymex Crude Falls After Four-Session Rally
(Tuesday, May 21, 2013) US crude futures fall, snapping a four-session rally as investors pause ahead of weekly oil-inventory data and testimony from Ben Bernanke.
Nymex Crude Falls After Four-Session Rally
(Tuesday, May 21, 2013) US crude futures fall, snapping a four-session rally as investors pause ahead of weekly oil-inventory data and testimony from Ben Bernanke.
Crude-Oil Futures Climb to Seven-Week High
(Monday, May 20, 2013) Oil futures climb to a seven-week high amid optimism over the US economic recovery and the prospect of rising crude demand this summer.
Oil Futures Follow Broader Markets to One-Week High
(Friday, May 17, 2013) Oil futures rise to a one-week high, as broader markets rally on positive US economic data.
Hungarian Ethanol Firm Says it Tipped E.U. to Platts Pricing
(Friday, May 17, 2013) A Hungarian ethanol producer said it alerted the European Commission over the role of price agency Platts in setting prices, feeding into an investigation of three major oil companies.
Supplier: Europe Will Continue to Be Net Importer of Jet Fuel
(Friday, May 17, 2013) Pressure on European production from "super" refineries in the Middle East and Asia will see more jet kerosene shipped to Europe instead of being produced locally, a supplier said May 9.
Could Philadelphia Become 'Cushing East'?
(Friday, May 17, 2013) A crude-by-rail terminal under development near Philadelphia could become an East Coast oil trading hub.
Crude-Oil Futures Settle up 86 Cents at $95.16/Barrel
(Thursday, May 16, 2013) Crude-oil futures prices settle higher, climbing on hopes for rising demand as the peak summer gasoline demand season approaches.
E.U. Oil Price Probe Puts Platts in Spotlight
(Thursday, May 16, 2013) A European investigation into alleged price rigging by major oil companies has drawn attention to leading price agency Platts and the way it sets oil price benchmarks.
Venezuela Became Net Gasoline Importer in 2012
(Thursday, May 16, 2013) Venezuela in 2012 became a net importer of gasoline as a result of escalating problems at its refineries and increasing demand for fuel in its internal market.
Oil-Price Discounts Will Persist Unless Oil-Sands Pipelines Are Built, IAE
(Wednesday, May 15, 2013) Failure to build needed oil sands pipelines--particularly Keystone XL--could result in persistent price discounts and slow expansion of the sector, even as North American production booms, the International Energy Agency warned Tuesday.
European Authorities Raid Offices in Oil Pricing Probe
(Wednesday, May 15, 2013) European authorities have raided offices of oil giants BP, Shell and Statoil in a major cross-border investigation into suspected manipulation of oil prices.
Crude-Oil Futures Edge Higher After Inventory Report
(Wednesday, May 15, 2013) Crude-oil futures end a turbulent session little changed, after a report shows an unexpected drop in US oil stockpiles but also points to sliding gasoline demand.