Edition:
United States

Catherine Ngai

Feb 27 2017

Funds prepare $2 billion oil market play as supply tightens

NEW YORK Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an energy market rally as a historic OPEC output cut slashes supply.

Feb 24 2017

Traders drain pricey U.S. oil storage as OPEC deal bites

NEW YORK/HOUSTON Traders are turning the spigots to drain the priciest storage tanks holding U.S. crude stockpiles as strengthening markets make it unprofitable to store for future sale and cuts in global production open export opportunities.

Feb 23 2017

Oil prices up but gains pared after 7th straight stock build

NEW YORK Oil prices rose but gains were pared Thursday after U.S. government data showed a seventh straight build in crude stocks, suggesting high inventories could undermine OPEC's move to cut output.

Feb 03 2017

Traders rush to ship U.S. oil as export window to Asia opens

NEW YORK/SINGAPORE Oil majors and trading houses are set to ship an unprecedented volume of U.S. crude oil to Asia in coming weeks, boosting already high flows to the region due to higher prices from OPEC production cuts.

Feb 03 2017

Traders rush to ship U.S. oil as export window to Asia opens

NEW YORK/SINGAPORE Feb 3 Oil majors and trading houses are set to ship an unprecedented volume of U.S. crude oil to Asia in coming weeks, boosting already high flows to the region due to higher prices from OPEC production cuts.

Jan 30 2017

American steel unlikely to get Keystone boost despite Trump order

When U.S. President Donald Trump signed orders to revive two controversial energy pipeline projects this week, he pledged to require new pipelines to use American-made steel, a gesture to workers in the hard-hit industry who helped propel him to power.

Jan 27 2017

Border tax ideas roil oil markets, favor Gulf Coast refiners

HOUSTON/NEW YORK As with many industries now fretting over the uncertain future of U.S. trade policy, the oil business is sizing up the potential impact of the various protectionist measures being bandied about Washington - which have sent crude markets into a tizzy.

Jan 27 2017

Energy pipelines back in investor favor after Trump orders

NEW YORK Investors have rushed back into North American pipelines after U.S. President Donald Trump revived growth prospects in a sector that struggled to cope with a two-year oil price slump and strident opposition from environmental and Native American activists.

Jan 27 2017

American steel unlikely to get Keystone boost despite Trump order

When U.S. President Donald Trump signed orders to revive two controversial energy pipeline projects this week, he pledged to require new pipelines to use American-made steel, a gesture to workers in the hard-hit industry who helped propel him to power.

Jan 20 2017

TrailStone buys Cargill's power and gas group: sources

HOUSTON Commodities trader and investor TrailStone Group has purchased Cargill Inc's gas and power trading group, three sources familiar with the deal said this week.

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