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.

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.

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.

In Eastern Syria Oil Smugglers Benefit From Chaos
(Tuesday, May 14, 2013) In Syria's eastern province of Deir al-Zor, a network of tribes and smugglers has exploited the chaos of war to create an illicit oil trade that makes European hopes of buying crude from President Bashar al-Assad's opponents a distant prospect.

Crude Oil Futures Settle 1% Lower at $94.21/Barrel
(Tuesday, May 14, 2013) US crude oil futures fall for a fourth straight Tuesday, shedding 1% to settle at a two-week low of $94.21 a barrel on worries over high inventory and sluggish demand.

Centrica Sees UK Gas Consumption Rise, Continues US Export
(Monday, May 13, 2013) Centrica plans to continue aligning its U.K. and U.S. gas businesses

Oil Futures Weighed by Demand Worries, OPEC Output
(Monday, May 13, 2013) Oil futures settle lower for the third straight session, weighed by concerns over weakening demand in China and robust global production.

Canada Minister Sees Better Prospect of Change to EU Oil-Sands Law
(Friday, May 10, 2013) A Canadian official said the possibility of changes to a proposed EU law that seeks to treat Canadian oil-sands crude as dirtier than conventional fuel have improved.

Nymex Crude Falls as Dollar, Weak Fuel Demand Weigh
(Friday, May 10, 2013) Crude-oil futures fall on a stronger US dollar and new indications of sluggish global fuel demand.

Turkish Energy Hub Plan Faces Hurdles
(Friday, May 10, 2013) Israel's rapprochement with onetime strategic ally Turkey is a vital element in Ankara's drive to become the intercontinental east-west energy hub in the Mediterranean and many expect it to produce an energy alliance that will transform the region.

Russian Oil Giants Cut Gasoline Prices
(Wednesday, May 08, 2013) As world petroleum product prices fall, Russian oil companies report record inventories of gasoline, totaling 1.9 million tons. Russian oil giants see slashing prices as a way out.

Crude Settles at One-Month High After Modest Inventory Rise
(Wednesday, May 08, 2013) Crude-oil futures settle at a one-month high after a report shows US oil stockpiles rose less than expected last week.

Petrovietnam to Import Australian Coal As Power Needs Rise
(Tuesday, May 07, 2013) Natural gas is expected to play a big role in the future, but exploitation of abundant offshore reserves is going slowly.