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International

Laura Sanicola

Oil settles down $10/bbl in largest daily drop since April 2020

2:20pm EST

Oil prices plunged $10 a barrel on Friday, their largest one-day drop since April 2020, as a new variant of the coronavirus spooked investors and added to concerns that a supply surplus could swell in the first quarter.

Logistics woes threaten ethanol supply needed for gasoline

Nov 24 2021

Supply chain snags are threatening to hamper deliveries of ethanol needed for blending with gasoline ahead of the Thanksgiving weekend, according to ethanol traders and producers.

Explainer - What is happening with U.S. gasoline prices?

Nov 24 2021

The United States uses more gasoline than any other nation in the world, and lately Americans have grown concerned about the swift rise in costs at the pump.

EXPLAINER-What is happening with U.S. gasoline prices?

Nov 24 2021

Nov 24 The United States uses more gasoline than any other nation in the world, and lately Americans have grown concerned about the swift rise in costs at the pump.

Limetree Bay refinery sold for $20 million to St. Croix company eying restart

Nov 18 2021

After investors poured $4.1 billion into reviving an aging refinery in the U.S. Virgin Islands, the bankrupt facility was auctioned off for tens of millions of dollars to a new company called St. Croix Energy LLP, the company confirmed on Thursday.

U.S. lawmakers weigh tax credit for soybean oil-based aviation fuel

Nov 18 2021

U.S. lawmakers are weighing a bill that would allow soybean oil-based jet fuel to qualify for an unprecedented tax credit, a win for biofuel producers and a blow to environmental groups that say crop-based materials undermine the benefits of making greener fuels.

St. Croix Energy wins auction of Limetree Bay refinery, eyes restart

Nov 18 2021

Nov 18 St. Croix Energy LLP won the auction for the shuttered Limetree Bay refinery in the U.S. Virgin Islands, the company confirmed Thursday.

Oil settles mixed on questions over crude supply, demand, strong dollar

Nov 15 2021

NEW YORK (Reuters) -Oil prices settled mixed on Monday as investors wondered whether crude supplies will increase and whether demand will be pressured by the recent surge in energy costs, the strong dollar and rising COVID-19 cases.

Shuttered Limetree Bay refinery gets $20 million from company eyeing a restart -court filing

Nov 14 2021

(Reuters) -The shuttered Limetree Bay refinery in the U.S. Virgin Islands received a $20 million stalking horse bid from a company looking to restart the facility, according to a Sunday court filing in a Texas bankruptcy court

Oil bounces around, settles up despite strong dollar, near $83/barrel

Nov 11 2021

(Corrects closing prices and price gains for Brent and WTI in paragraph 2)

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