Edition:
United States

Stephanie Kelly

U.S. Midwest distillate stocks reach record high ahead of harvest

Sep 19 2018

NEW YORK Inventories for distillates, which include products such as diesel and jet fuel, are at their highest on record in the U.S. Midwest as the region gears up for heavy refinery maintenance and a strong soybean and corn harvest, market participants said.

Oil gains 1 percent on signs OPEC not prepared to boost output

Sep 18 2018

NEW YORK Oil futures rose more than 1 percent on Tuesday on signs that OPEC would not be prepared to raise output to address shrinking supplies from Iran, and as Saudi Arabia signaled an informal target near current levels.

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

Sep 17 2018

NEW YORK, Sept 17 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.

Oil near flat as market weighs U.S.-China trade tensions, Iran sanctions

Sep 17 2018

NEW YORK Oil prices were little changed on Monday as the market weighed deepening trade tension between the U.S. and China that is expected to dent global crude demand and potential supply tightening due to Iran sanctions.

FEMA faces Hurricane Florence with range of housing options from 2017 storms

Sep 14 2018

NEW YORK The U.S. Federal Emergency Management Agency has thousands of modular homes on hand along with other temporary housing options tested by last year's spate of storms, as Hurricane Florence bears down on the U.S. Southeast, the agency said on Thursday.

FEMA faces Hurricane Florence with range of housing options from 2017 storms

Sep 13 2018

NEW YORK The U.S. Federal Emergency Management Agency has thousands of modular homes on hand along with other temporary housing options tested by last year's spate of storms, as Hurricane Florence bears down on the U.S. Southeast, the agency said on Thursday.

FEMA faces Hurricane Florence with range of housing options from 2017 storms

Sep 13 2018

NEW YORK, Sept 13 The U.S. Federal Emergency Management Agency has thousands of modular homes on hand along with other temporary housing options tested by last year's spate of storms, as Hurricane Florence bears down on the U.S. Southeast, the agency said on Thursday.

Colonial will not change fuel specs ahead of Hurricane Florence

Sep 12 2018

NEW YORK A major pipeline operator that sends gasoline to the U.S. Southeast said on Wednesday it does not expect to take full advantage of a government waiver aimed at ensuring adequate fuel supplies to the region.

Brent reaches $80 a barrel after fall in U.S. crude stocks

Sep 12 2018

NEW YORK Oil futures rose on Wednesday, with Brent reaching $80 a barrel, after a larger-than-expected drop in U.S. crude inventories and as U.S. sanctions on Iran added to concerns over global oil supply.

Oil up over two percent on concerns over Iran, slower U.S. output growth

Sep 11 2018

NEW YORK Oil prices rose more than 2 percent on Tuesday as U.S. sanctions squeezed Iranian crude exports and after U.S. crude oil production in 2019 was forecast to grow at a slower rate than previously expected, prompting supply concerns.

World News

Trump rejects meeting Iran's Rouhani at U.N. gathering

U.S. President Donald Trump on Tuesday said he would not meet Iranian President Hassan Rouhani as world leaders gathered in New York but signaled he was open to a future meeting, despite ongoing tensions over Tehran's nuclear deal.