Petroleum
Crude prices have been exhibiting a bullish tone recently, with the October crude contract on the New York Mercantile Exchange (Nymex) settling up 2 cents at $18.95/bbl. Despite expectations of a build in crude stocks, solid support at $18.80-$18.90/bbl suggests that crude is poised
Petroleum
Washington -- Inventory data showing gasoline stocks had dropped to a 24-year low has triggered a surge in gasoline prices. The September gasoline contract on the New York Mercantile Exchange (Nymex) settled up 0.94 cents at 56.45 cents/gallon, with prices reaching as high as 1.24 cents.
Petroleum
Crude prices on the New York Mercantile Exchange (Nymex) tested $18/bbl, but failed to sustain the momentum, drifting off daily highs due to lack of follow-through buying. The October crude contract settled down 4 cents at $17.82/bbl, after reaching a high of $18.09. The initial uptick
Petroleum industry
The top travel destinations for Washington state travelers during the Labor Day holiday weekend are Vancouver and Victoria, B.C., the Oregon Coast, the Olympic Peninsula, the Washington Coast, and Yellowstone National Park. According to AAA Washington, motorists planning to hit the road will find gasoline prices relatively stable, with
Petroleum industry
Maryland's decision to file with federal regulators to opt out of the winter oxygenated fuels program sent a positive signal to gasoline prices on the New York Mercantile Exchange (Nymex), supporting price increases. Meanwhile, crude prices ended the day unchanged, with the October contract on Nymex settling at
Petroleum
Crude futures prices on the New York Mercantile Exchange (Nymex) surged to $17.68/bbl on Thursday due to trader concerns over a potential US military response to Iraqi movements along the Kuwaiti border. The September contract later settled at $17.66/bbl, up 11 cents from the previous day.
Petroleum
Crude futures prices showed remarkable resilience, shrugging off a larger-than-expected stock build, as traders described the move as "very positive". The September crude contract on the New York Mercantile Exchange (Nymex) settled up 8 cents at $17.55/bbl, after recovering from a new daily low of $17.
Petroleum industry
Pakistan's natural resources minister, Anwar Saifullah Khan, is on a Canadian tour to attract foreign capital, particularly from the energy sector. Khan emphasizes the need for investment in the country's oil refineries, pipelines, and storage facilities, citing a significant gap between oil demand and production. Pakistan
Petroleum industry
The Environmental Protection Agency (EPA) plans to issue a notice of proposed rulemaking on new pollution limits for a 49-state car this month, with a final rule expected in the fall. The goal is to impose a nationwide version of California's plan for cutting vehicle emissions, without California&
Petroleum
The Canadian government is intensifying its efforts to reduce greenhouse gas emissions from industries, with Natural Resources Minister Anne McLellan writing to 1,564 company presidents and chief executives to ask for letters of intent to cut carbon dioxide and other gas emissions. This move comes as Canada is still
Petroleum
Crude prices saw a slight dip on the New York Mercantile Exchange (Nymex) as the September contract settled down 6 cents at $17.42 per barrel. However, gasoline prices rose due to disruptions at several refineries, including a fire at Lyondell Citgo Refining Co. Ltd.'s Houston plant and
Petroleum
Crude oil stocks continued to shrink last week, dipping to an eight-year low as refineries operated at higher levels of capacity. Despite increased import volumes, the decline in crude inventories was the largest in the West Coast region. Meanwhile, gasoline and heating oil production increased, with stocks of both products
