U.S. The prospect of summer drivers filling up on the highway is gaining ground in the price of gasoline, a sign of economic recovery and an epidemic devastation is a boon for the energy industry. Considering oil recovery and growing consumer demand, gasoline prices at U.S. pumps hit an average …
Read More »Oil jumps on significant crude inventory draw
Crude oil prices rose further today after the RJD registered a 1.1 million barrel oil draw for the week of December 25. A day earlier, the American Petroleum Agency also helped push up crude oil inventories by estimating a drop of 4.78585 million barrels in the same week. Last week, …
Read More »Residents of Louisiana, Cuba evacuate as twin storms target a U.S. coast
(Reuters) – Coastal residents in low-lying areas of Louisiana and Cuba were evacuated on Sunday as roads turned into rivers in Haiti’s capital as twin hurricanes threatened the Caribbean Sea and the Gulf Coast. Marco, which intensified after a hurricane on Sunday and is expected to hit the Louisiana coast …
Read More »Japan ship deviates from shipping before Mauritius influence, data show
TOKYO (Reuters) – The Japanese owner of a bulk carrier that ran around Mauritius and spilled oil over rough waters and fragile coral reefs pulled more than 100 kilometers from a normal shipping lane, according to data from a maritime analysis company. A part of the Japanese-owned bulk company MV …
Read More »US eyes October deadline to end exemptions over Venezuela oil sanctions: sources
LONDON / MEXICO CITY (Reuters) – The United States is considering an October deadline to end exemptions from Venezuelan sanctions that allow some companies and refiners to still receive the South American producer’s oil, two sources said, as Washington seeks to increase heat on President Nicolas Maduro. FILE PHOTO: A …
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