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U.S. House votes to force approval of Keystone pipeline
ReutersWASHINGTON (Reuters) - The House of Representatives approved a bill as expected on Wednesday declaring that a presidential permit was not needed to approve the Canada-to-Nebraska leg of the Keystone XL oil pipeline, a move that would take a decision on...Tags: Petroleum Industry, American Petroleum, Fred Upton, U.S. Department of State, Jeff Denham
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Wall Street falters in volatile session on Fed worries
ReutersNEW YORK (Reuters) - Stocks fell on Wednesday with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the...Tags: Raymond James Financial Incorporated, Financial Markets, Websense Incorporated, U.S. Department of Energy, Environmental Issues
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US Cash Products-Group Three gasoline extends declines
Reuters* Group Three falls further, Chicago rebounds slightly * Gulf gasoline down on robust supply, pipeline scheduling * Harbor gasoline slips on higher stocks HOUSTON, May 22 (Reuters) - Group Three gasoline differentials extended their slide from last week'...Tags: Energy Resources, Petroleum Industry, Kerosene, Enterprise Products Partners LP, Diesel Fuel
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COMMODITIES-Oil down on high gasoline stocks, gold slips on Fed
Reuters* Brent crude slips below $103 as gasoline inventories surge * Gold falls as Bernanke cautions about low US rates * Copper hits 6-week high after no word on Grasberg restart By Barani Krishnan NEW YORK, May 22 (Reuters) - Oil prices slumped on...Tags: Petroleum Industry, Casino and Gambling Industry, Ben Bernanke, Environmental Issues, Federal Reserve
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U.S. cash crude differentials weaker on first day of roll trade
Reuters* First day of three-day roll trade * Crude futures slide on U.S. gasoline inventory rise * Brent/U.S. crude spread wider NEW YORK, May 22 (Reuters) - Cash crude differentials in the United States weakened on Wednesday, the first day of the roll period...Tags: Petroleum Industry, Derivative Securities, Inventories
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Maine pipeline eyes plan to ship Canada oil sands crude
Reuters* Maine pipeline plan hinges on flows to Montreal * Recent spills inflame Canadian oil debate * Towns oppose oil sands, line passes through tourist zone By Dave Sherwood SOUTH PORTLAND, Maine, May 22 (Reuters) - The little-known operator of a pipeline...Tags: International Travel, Royal Dutch Shell Plc, Imperial Oil Limited, U.S. Department of State, Canada
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BP to invest $2.85 billion in Iraq's largest oilfield
ReutersBASRA, Iraq (Reuters) - Oil major BP has allocated $2.85 billion to develop Iraq's Rumaila oilfield in 2013, up from $2.2 billion last year, the head of the joint management committee for the field told Reuters On Wednesday. Boosting output from Rumaila,...Tags: Petroleum Industry, BP Plc, Science and Technology, Iraq, China
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CP Railway reopens line, cleans up after oil spill
ReutersTORONTO, May 22 (Reuters) - Canadian Pacific Railway Ltd said on Wednesday it has repaired and reopened a rail line near Jansen, Saskatchewan, and continues to clean up after a derailment that spilled 575 barrels of crude oil on Tuesday. CP, the country'...Tags: Oil Spills, Water Pollution, Canadian Pacific Railway Limited, Railway Transportation, Canada
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Manipulation probe draws attention to oil firms' trading desks
Reuters* Disclosure levels at oil majors lags those of secretive traders * Risk appetite bigger at top Wall Street banks * Pressure for stricter oversight rises both in US, EU By Dmitry Zhdannikov and Claire Milhench LONDON, May 22 (Reuters) - Europe's...Tags: Justice System, Petroleum Industry, European Union, Market and Exchange, Crime, Law and Justice
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Japan's central bank keeps policy unchanged, says economy 'picking up,' as trade deficit grows
AP Business WriterTOKYO (AP) — Japan's central bank says the world's third-biggest economy is "picking up" as demand recovers in other countries and remains resilient at home, though the trade deficit widened in April, for the tenth straight month. The Bank of Japan...Tags: Energy Resources, Petroleum Industry, Trade Balance, European Union, Imports
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Indonesia re-arrests Chevron exec amid tension with Big Oil
ReutersBy Fergus Jensen JAKARTA, May 22 (Reuters) - Authorities have bypassed a court order and re-arrested an executive at Chevron Corp's Indonesian unit in a graft case that highlights growing tension with big oil companies in a country struggling to...Tags: Energy Resources, Justice System, Exxon Mobil Corporation, Petroleum Industry, Human Rights
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Azeri SOCAR to borrow $20 billion to boost exports to Europe
ReutersBAKU (Reuters) - Azeri state energy firm SOCAR plans to borrow more than $20 billion over the next five years to finance energy projects to help boost gas exports to Europe, a challenge to plans by neighboring Russia. SOCAR, one of the world's oldest oil...Tags: Russia, Energy Resources, Petroleum Industry, Ratings, Singapore
May 22, 2013
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May 21, 2013
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May 22, 2013
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