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Stephanie Kelly

Oil falls $1/bbl as resurgent pandemic prompts worries about U.S. demand

   Jul 09 2020

   NEW YORK Oil prices fell about $1 a barrel on Thursday as investors worried that renewed lockdowns to contain the spread of coronavirus in the United States would again sink fuel consumption.

U.S. crude stocks build on higher imports, distillates inventories hit 37-year high: EIA

   Jul 08 2020

   NEW YORK U.S. crude oil stockpiles grew last week and inventories on the Gulf Coast hit a record high as imports from Mexico rose to an eight-year high, the Energy Information Administration said on Wednesday.

End of an era? Series of U.S. setbacks bodes ill for big oil, gas pipeline projects

   Jul 08 2020

   WASHINGTON/NEW YORK A rapid-fire succession of setbacks for big energy pipelines in the United States this week has revealed an uncomfortable truth for the oil and gas industry: environmental activists and landowners opposed to projects have become good at blocking them in court.

U.S. Midwest products prices due to rise from Dakota Access pipeline shutdown

   Jul 06 2020

   NEW YORK Prices for gasoline and diesel in the U.S. Midwest could rise in the coming months, market participants said, because of a U.S. court ruling on Monday that ordered the largest pipeline from the North Dakota shale oil fields to be shut within a month. | Video

U.S. EPA puts 2021 biofuel blending mandate proposal on hold indefinitely, sources say

   Jul 02 2020

   NEW YORK The U.S. Environmental Protection Agency has put on hold indefinitely a proposal for the amount of biofuels refiners must blend into their fuel next year, two sources familiar with the matter said.

U.S. Senator Cruz will block EPA nomination over biofuels costs to refiners

   Jul 01 2020

   NEW YORK U.S. Senator Ted Cruz said on Wednesday he would block the nomination of an Environmental Protection Agency official until the agency brings stability to the rising costs borne by oil refiners for complying with U.S. biofuel blending laws.

Oil rises over 1% on U.S. crude stockpile draw, manufacturing activity

   Jul 01 2020

   NEW YORK Oil prices rose more than 1% on Wednesday following a drawdown in U.S. crude inventories from record highs and a string of positive manufacturing data, but a surge in coronavirus cases tempered gains.

U.S. Senator Grassley backs plan to block EPA nomination over biofuel waivers

   Jun 30 2020

   NEW YORK U.S. Senator Chuck Grassley said on Tuesday he supported a plan by one of his Senate colleagues to block the nomination of an Environmental Protection Agency official until the agency makes clear how it would handle requests from oil refiners for retroactive exemptions from their biofuel blending mandates.

Oil rises on improving economic data but new coronavirus cases loom

   Jun 29 2020

   NEW YORK Oil prices rose about $1 a barrel on Monday, after bullish data from Asia and Europe, but investors are wary about sharp spikes in new coronavirus infections around the world.
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World News


Erdogan declares Hagia Sophia a mosque after Turkish court ruling


   President Tayyip Erdogan declared Istanbul's Hagia Sophia a mosque on Friday with the first Muslim prayers to begin in two weeks, after a top court ruled the ancient building's conversion to a museum by modern Turkey's founding statesman was illegal.

Trump says he is not thinking about a 'Phase 2' U.S. - China trade deal


Pressure rises on Canada's Trudeau as parliamentary rivals seize on charity controversy


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