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October 22, 2021

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Biden expects gasoline prices to fall in 2022

Reuters
U.S. President Joe Biden delivers remarks on infrastructure legislation at the Electric City Trolley Museum in Scranton, Pennsylvania, U.S. October 20, 2021. REUTERS/Jonathan Ernst WASHINGTON, Oct 21 (Reuters) – President Joe Biden said on Thursday he expects gasoline prices to fall in 2022 and that any further price reduction depends......

British gas pumps still dry, pig cull fears grow

Reuters
A worker guides vehicles into the forecourt as they queue to refill at a fuel station in London, Britain, September 30, 2021. REUTERS/Hannah McKay Many gas stations still closed – Reuters reporters Britain says crisis stabilising More than a quarter of gas stations dry Pig cull fears: farmers warn butcher......

Exxon offers new proposal to locked-out Texas refinery workers

Reuters
A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, U.S., May 15, 2021. Picture taken May 15, 2021. REUTERS/Kathleen Flynn/File Photo HOUSTON, Sept 29 (Reuters) – Exxon Mobil Corp (XOM.N) on Wednesday offered its first concession in a new contract proposal to locked-out workers at its Beaumont,......

U.S. natgas falls on mild weather, expected big storage build

Reuters
Natural gas is transferred into the SoCalGas system after being collected and purified at a Calgren collection facility in Pixley, California, U.S., October 2, 2019. Picture taken October 2, 2019. REUTERS/Mike Blake/File Photo Sept 29 (Reuters) – U.S. natural gas futures dropped almost 7% on Wednesday after posting a seven-year......

Oil drops for a second day after rally peters out

Reuters
A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo LONDON, Sept 29 (Reuters) – Oil prices fell on Wednesday after U.S. crude inventories unexpectedly rose and amid concerns about a slowing Chinese economy. Brent crude was down 46 cents, or 0.6......

Petrobras eyes Brazil price hikes despite political pressure

Reuters
People walk in front of the Brazil’s state-run Petrobras oil company headquarters in Rio de Janeiro, Brazil, October 16, 2019. REUTERS/Sergio Moraes//File Photo Sept 27 (Reuters) – Brazil’s state-run oil company, Petrobras (PETR4.SA), is considering raising fuel prices as the prices of some petroleum derivatives are out of line with......

APPEC Colombia’s Ecopetrol sees crude export share to Asia rising -CEO

Reuters
The entrance of Ecopetrol’s Castilla oil rig platform is seen in Castilla La Nueva, Colombia June 26, 2018. REUTERS/Luisa Gonzalez/File Photo SINGAPORE, Sept 27 (Reuters) – Asia will increasingly be a strategic market for Colombia’s majority state-owned energy company Ecopetrol (ECO.CN), its president and chief executive officer Felipe Bayón said......

Oil gains for fifth day amid supply constraints

Reuters
Oil drills are pictured in the Kern River oil field in Bakersfield, California November 9, 2014. REUTERS/Jonathan Alcorn/File Photo TOKYO, Sept 27 (Reuters) – Oil prices rose for a fifth straight day on Monday with Brent heading for $80 amid supply concerns as parts of the world sees demand pick......

EXCLUSIVE Oil producer Hilcorp eyes purchase of shut Louisiana refinery -sources

Reuters
HOUSTON, Sept 24 (Reuters) – Houston-based oil producer Hilcorp (HILCO.UL) is evaluating Phillips 66’s (PSX.N) refinery in Alliance, Louisiana, for conversion into an oil export terminal, said four sources familiar with the matter, a move that would eliminate it as a source of motor fuels. Hilcorp, the largest privately owned......

Oil looks set to test 3-year high as supplies tighten

Reuters
A worker collects a crude oil sample at an oil well operated by Venezuela’s state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS/Carlos Garcia Rawlins/File Photo TOKYO, Sept 24 (Reuters) – Oil prices rose for a fourth day on Friday, taking Brent towards three-year highs, as investors focused......

Oil prices rise on tight supply, renewed risk appetite

Reuters
A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas/File Photo U.S. crude stocks plunge to lowest since Oct 2018 -EIA Strong natgas prices support upside LONDON, Sept 23 (Reuters) – Oil prices extended gains on Thursday,......

New WHO air-quality guidelines aim to cut deaths linked to fossil fuels

Reuters
WHO issues first air quality guidelines since 2005 Slashes recommended limits for emissions linked to fossil fuels Says air pollution threat to health alongside climate change Blames exposure to air pollution for 7 million deaths a year GENEVA, Sept 22 (Reuters) – The World Health Organisation (WHO) tightened its air......

EXCLUSIVE Biden administration mulls big cuts to biofuel mandates in win for oil industry -document

Reuters
Signage is seen at the headquarters of the United States Environmental Protection Agency (EPA) in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly/File Photo NEW YORK, Sept 22 (Reuters) – The administration of U.S. President Joe Biden is considering big cuts to the nation’s biofuel blending requirements, according to a......

Oil prices rise on expected U.S. stocks draw

Reuters
A gas pump at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo API shows drop in U.S. crude, product stocks – sources Market awaits EIA inventory data due later on Wednesday OPEC+ struggles to pump more oil Gas price rally adds to the upside pressure LONDON, Sept......

OPEC+ struggles to pump more oil to meet rising demand

Reuters
The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File Photo LONDON, Sept 21 (Reuters) – OPEC and its allies struggled again to pump enough oil in August to meet global demand......

Oil prices advance amid U.S. supply tightness signals

Reuters
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo TOKYO, Sept 21 (Reuters) – Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global......

Oil down on stronger greenback, rising U.S. rig count

Reuters
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo MELBOURNE, Sept 20 (Reuters) – Oil prices fell on Monday, extending losses from Friday after the U.S. dollar jumped to a three-week high and the U.S. rig count......

Oil dips as U.S. storm-hit supply makes slow return

Reuters
A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. REUTERS/Todd Korol/File Photo Prices dip but set for near 4% weekly gains Slow post-Ida production recovery helped bolster prices SINGAPORE, Sept 17 (Reuters) – Oil prices fell on Friday as more supply came back......

Oil dips as U.S. storm-hit supply makes slow return

Reuters
A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. REUTERS/Todd Korol/File Photo Prices dip but set for near 4% weekly gains Slow post-Ida production recovery helped bolster prices SINGAPORE, Sept 17 (Reuters) – Oil prices fell on Friday as more supply came back......

Enbridge fined $3.32 mln for failings in Line 3 replacement project

Reuters
Protest signage on display at a camp established by indigenous leaders and water protectors at the Mississippi headwaters, one body of water the Line 3 pipeline will cross following a series of demonstrations in protest of the Line 3 pipeline, built by Enbridge Energy, in Solway, Minnesota, U.S., June 8,......

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