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  • Reuters4 days ago

    U.S. crude stocks rise as refining slows, gasoline builds unexpectedly -EIA

    U.S. crude oil stockpiles rose last week for the third consecutive weekly build as refineries continued to reduce output for seasonal maintenance, while gasoline inventories grew unexpectedly, the Energy Information Administration said on Thursday. The build was in part due to a 2.4 million-barrel increase in stocks at the Cushing, Oklahoma, delivery hub for U.S. crude futures.. Net U.S. crude imports fell last week by 1.4 million barrels per day to 4.8 million bpd, the lowest rate since at least 2001 when the EIA began tracking the data.

  • Reuters6 days ago

    Trump raises ethanol use in gasoline, appeases farmers ahead of elections

    WASHINGTON/NEW YORK, Oct 9 (Reuters) - U.S. President Donald Trump launched an effort on Tuesday to increase ethanol use in the nation's gasoline pool, delivering a long-sought political victory to the country's Farm Belt and angering oil refiners ahead of November's congressional elections. Trump announced the lifting of a ban on summer sales of gasoline blended with 15 percent ethanol, known as E15, at a closed-door meeting at the White House, Republican senators told reporters after the meeting.

  • Rigzone.com6 days ago

    Gasoline Prices Surge in Northwest After Canada Gas-Pipe Rupture

    A natural gas pipeline rupture in British Columbia is forcing refineries in Washington to cut output.

  • One Day After Catastrophic UN Climate Report, Trump Removes Restrictions on Ethanol Gasoline
    Fortune6 days ago

    One Day After Catastrophic UN Climate Report, Trump Removes Restrictions on Ethanol Gasoline

    One Day After Catastrophic UN Climate Report, Trump Removes Restrictions on Ethanol Gasoline

  • Reuters6 days ago

    Republican senators say Trump lifting summer ban on higher-ethanol gasoline

    WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday announced plans to lift a ban on summer sales of higher-ethanol blend of gasoline, known as E15, Republican senators said. Senator Charles ...

  • Reuters6 days ago

    Trump to lift summer ban on higher-ethanol gasoline ahead of elections

    U.S. President Donald Trump on Tuesday plans to lift a ban on summer sales of higher-ethanol blend of gasoline, known as E15, delivering a long-sought win to the Farm Belt ahead of November's midterm elections and angering the refining industry. The move will be coupled with restrictions, a senior administration official said on Monday, on the multibillion-dollar biofuel credit trading industry sought by merchant refiners like Valero Energy Corp and PBF Energy Inc. Those rules will seek stop parties from hoarding the credits and driving up the cost of complying with biofuels blending laws. The announcement will cap a months-long effort by the White House to bring rival corn and oil industries together over reforms to boost ethanol demand while alleviating compliance costs for refiners.

  • Israel will ban sale of new gasoline or diesel vehicles in 2030
    Autoblog6 days ago

    Israel will ban sale of new gasoline or diesel vehicles in 2030

    Israelis will no longer be able to buy new gasoline or diesel-powered vehicles after 2030, the Energy Ministry said on Tuesday, unveiling a plan to replace them with electric cars and trucks that run on natural gas. The challenge will be creating an initial "critical mass" of cars that will move the local industry away from gasoline and diesel engines, Energy Minister Yuval Steinitz said. "We are already encouraging by funding charging stations, more than 2,000 new charging stations around the country," Steinitz told Reuters.

  • Oil Tumbles On U.S. Stockpile Surge; Signs That Iran Worry Overplayed
    Investing.com11 days ago

    Oil Tumbles On U.S. Stockpile Surge; Signs That Iran Worry Overplayed

    Investing.com - Oil prices retreated on Thursday from their highest levels since 2014, a day after data showing the biggest U.S. crude stockpile build in 19 months and signs that worries about a supply squeeze from upcoming Iranian sanctions may have been overplayed.

  • Best Commodity ETFs of Q3
    Zacks12 days ago

    Best Commodity ETFs of Q3

    While metals and soft commodities were the major losers, energy and palladium were the bright spots.

  • Bioscience Breakthrough Turns Plant Waste Into Gasoline
    Oilprice.com16 days ago

    Bioscience Breakthrough Turns Plant Waste Into Gasoline

    Bioscience engineers have been making gasoline from plant waste for some time, but a new breakthrough could send make the process more sustainable on a commercial scale

  • Oil Prices Continue to Rise on Supply Concerns
    Investing.com17 days ago

    Oil Prices Continue to Rise on Supply Concerns

    Investing.com - Oil prices were higher on Friday as supply concerns weighed and investors looked ahead to weekly rig count data.West Texas crude oil futures for November rose 0.22% to $72.28 a barrel as of 9:54 AM ET (13:54 GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., increased 0.69% to a four-year-high of $81.94.Late on Wednesday, the U.S. said it would not increase supply to offset the decrease in production.Energy Secretary Rick Perry told a news conference that the Trump Administration was not considering a release of oil from the U.S. ...

  • U.S. gasoline prices at seasonal four-year high ahead of midterm elections
    Reuters19 days ago

    U.S. gasoline prices at seasonal four-year high ahead of midterm elections

    U.S. gasoline prices are sitting at four-year seasonal highs headed into the November midterm elections, even as President Donald Trump has called repeatedly for OPEC to push prices lower. While gasoline prices typically drop following peak summer demand season, they have not fallen as fast as expected, said Jeanette Casselano, spokeswoman for the American Automobile Association. Fuel prices have risen due to a surge in crude oil prices.

  • Rise in Gasoline and Crude Oil Stocks Might Drag Oil Prices
    Market Realist19 days ago

    Rise in Gasoline and Crude Oil Stocks Might Drag Oil Prices

    The EIA (U.S. Energy Information Administration) reported a rise of 1.9 MMbbls (million barrels) in US crude oil inventories to 396 MMbbls for the week ending September 21. However, a Reuters poll indicated a fall of ~1.28 MMbbls. At ~10:27 AM EST, US crude oil November futures were at $71.77—down $0.51 from the last closing level. The rise left US crude oil inventories 2% below their five-year average, which dismayed oil bulls. A week ago, US crude oil inventories were 3% below their five-year average.

  • Brent Crude Rises to Near 4-Year Highs as Trump Vows No Turnback on Iran
    Investing.com20 days ago

    Brent Crude Rises to Near 4-Year Highs as Trump Vows No Turnback on Iran

    Investing.com - Brent oil prices rose to near four-year highs for a second day in a row on Tuesday as U.S. President Donald Trump vowed in a U.N. speech that there will be no reprieve for Iran from sanctions on its oil exports.

  • Oil Prices near 4-Year Highs on Looming Supply Crunch Fears
    Investing.com20 days ago

    Oil Prices near 4-Year Highs on Looming Supply Crunch Fears

    Investing.com - Oil prices were trading within reach of four year highs on Tuesday amid fears over a looming supply crunch after global producers decided against any increase in production despite calls from U.S. President Donald Trump for action to cool prices.

  • Brent Oil Hits 4-Year High as OPEC Shrugs Off Trump’s Call
    Investing.com21 days ago

    Brent Oil Hits 4-Year High as OPEC Shrugs Off Trump’s Call

    Investing.com - OPEC’s dismissal of Donald Trump’s demand for higher oil supplies bolstered crude markets on Monday, with UK Brent hitting four-year highs and West Texas Intermediate a July peak as traders feared global inventories were inadequate to match demand.

  • Oil Prices Surge on Supply Concerns
    Investing.com21 days ago

    Oil Prices Surge on Supply Concerns

    Oil prices continued to climb on Monday as an Iranian official said Saudi Arabia and Russia lack the capacity to add more oil to the market. West Texas Crude oil futures for November rose 1.96% to $72.17 a barrel as of 10:49 AM ET (14:49 GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., increased 2.21% to an almost four-year-high of $79.97.

  • Oil Prices Surge amid Market Tightening, Upcoming Iran Sanctions
    Investing.com22 days ago

    Oil Prices Surge amid Market Tightening, Upcoming Iran Sanctions

    Prices of oil have been rising in recent months over concern of supply tightening due to U.S. sanctions against Tehran, which are expected to go into effect on November 4 and have already caused Iran’s crude exports to fall.

  • Oil Prices Mixed as Investors Look to Weekly Oil Rig Numbers
    Investing.com24 days ago

    Oil Prices Mixed as Investors Look to Weekly Oil Rig Numbers

    The Organization of the Petroleum Exporting Countries (OPEC) and Russia and its allies are scheduled to gather in Algeria on Sunday to discuss how to allocate higher supply to offset the shortage of Iranian supplies. The sanctions, which are expected to go into effect on Nov. 4, have already caused Iran’s crude exports to fall.

  • Rigzone.com26 days ago

    Crude Oil and Gasoline Tumble in Twitterverse Tizzy

    Just one of the four commodity benchmarks Rigzone tracks was unfazed by a tizzy in the Twitterverse.

  • Crude Oil Prices Flat After Hike in Inventories
    Investing.com26 days ago

    Crude Oil Prices Flat After Hike in Inventories

    West Texas Crude oil futures for November fell 0.01% to $69.58 a barrel as of 5:09 AM ET (9:09 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., decreased 0.18% to $78.89 but still remained near four-year highs.

  • Oil Higher as Trade, Saudi Arabia Comments Drive Prices Higher
    Investing.com27 days ago

    Oil Higher as Trade, Saudi Arabia Comments Drive Prices Higher

    West Texas crude oil futures for November surged 1.35% to $69.61 a barrel as of 10:35 AM ET (14:35 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., increased 1.46% to $79.19.

  • Oil Prices Jump After Saudi Arabia Says It Is Okay With Brent at $80 a Barrel
    Investing.com27 days ago

    Oil Prices Jump After Saudi Arabia Says It Is Okay With Brent at $80 a Barrel

    West Texas Crude oil futures surged 1.22% to $69.52 a barrel as of 5:29 AM ET (9:29 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., increased 1.29% to $79.06.

  • Reuters28 days ago

    U.S. East Coast gasoline prices steady despite unit shutdowns

    Strong gasoline inventories on the U.S. East Coast have kept cash prices for the product steady, traders said on Monday, despite refiners recently shutting gasoline-making units in the region due to leaks or to make repairs. High imports into the East Coast have kept inventories up, offsetting any potential supply disruptions from unit shutdowns at Philadelphia Energy Solutions' (PES) refinery complex in Philadelphia and Phillips 66's Bayway refinery in Linden, New Jersey, market sources said. Gasoline and blending components imports into the East Coast have been higher than year-ago levels for each of the last seven months, said Matt Smith, director of commodities research at ClipperData.

  • The Zacks Analyst Blog Highlights: United States Gasoline, Invesco Dynamic Building & Construction, Materials Select Sector SPDR Fund and AdvisorShares VICE
    Zacks28 days ago

    The Zacks Analyst Blog Highlights: United States Gasoline, Invesco Dynamic Building & Construction, Materials Select Sector SPDR Fund and AdvisorShares VICE

    The Zacks Analyst Blog Highlights: United States Gasoline, Invesco Dynamic Building & Construction, Materials Select Sector SPDR Fund and AdvisorShares VICE