Joshua's Feed
Sep 16, 2011

Analysis: Oil releases a gamechanger, despite price bounce

NEW YORK (Reuters) – It might not sound like much of a victory. The United States and other oil consuming countries release emergency stocks of oil to put a lid on prices. The result: oil prices in London rise by $1 since the program began, three months ago.

But many oil experts say the strategic releases — just the third-ever by a group of consumer countries — were a major success. Not only did they likely avert a further rise in oil prices during the peak U.S. driving season, but they set a precedent for consuming countries to keep bullish oil speculators in check.

Sep 7, 2011

Bakken oil shipping to get boost from rail terminal

NEW YORK, Sept 7 (Reuters) – Kansas-based Lario Logistics
said it will open a 100,000 barrel-per-day crude-by-rail
terminal in North Dakota’s Bakken Shale oil area this month, a
move that will boost the region’s capacity to ship crude on
railways by about 75 percent.

Lario’s terminal, known as the Bakken Oil Express (BOE) and
located near Dickinson, North Dakota, will serve oil shippers
including the Wyoming-based True Companies, which hold oil and
gas stakes in several North American regions, BOE managing
director Steve Magness said in an interview on Wednesday.

Sep 2, 2011

Oil falls as U.S. job growth stalls

NEW YORK (Reuters) – Oil fell on Friday as stalled U.S. job growth in August rekindled worries there will be another recession, which would slow oil and gasoline use, traders said.

Pressure from the jobs data more than offset support from oil companies shutting down nearly half of the production in the Gulf of Mexico ahead of Tropical Storm Lee.

Aug 30, 2011

Energy operations resume after Irene, 5 million lose power

NEW YORK (Reuters) – Energy firms along the Eastern Seaboard scrambled on Monday to resume operations after Hurricane Irene left millions of customers without power.

Refineries and other energy facilities escaped serious damage, while utilities, whose power lines were battered by the storm over the weekend, faced the most daunting workload, with over 5 million homes and businesses from North Carolina to Maine still cut off on Monday.

Aug 29, 2011

Irene leaves 5.5 mln without power, hits refining

NEW YORK, Aug 29 (Reuters) – Energy firms along the U.S.
Eastern Seaboard scrambled on Monday to resume operations after
Hurricane Irene left 5.5 million customers without power.

Utility firms whose transmission lines were battered by the
storm over the weekend faced the most daunting workload, with
millions of homes and businesses from North Carolina to Maine
still cut off. They said the work would take days, and up to
weeks in the hardest-hit zones, as they dealt with flooding and
debris.

Aug 29, 2011

Irene leaves 5.5 million without power, refineries hit

NEW YORK (Reuters) – Energy firms along the U.S. Eastern Seaboard scrambled on Monday to resume operations after Hurricane Irene that left 5.5 million customers without electric power.

Utility firms whose transmission lines were battered by the storm, which hit over the weekend, faced the most daunting workload ahead, with millions of homes and businesses from North Carolina to Maine still cut off. Crews said the work would take days, and up to weeks in the hardest-hit zones, as they dealt with flooding and debris.

Aug 28, 2011

Irene cuts power to 2.5 million, shuts nuclear plants

NEW YORK (Reuters) – Hurricane Irene knocked out power to 2.5 million homes and businesses, forced two nuclear plants to shut and idled oil ports and refining as it advanced towards New York City early on Sunday.

Mid-Atlantic coast states reported more power losses even as the hurricane spun northward and blackouts in Delaware, New Jersey and New York jumped.

Aug 28, 2011

Irene cuts power to 1.8 million

NEW YORK (Reuters) – Hurricane Irene knocked out power to 1.8 million homes and businesses, disrupted oil refineries and forced nuclear plants to reduce power as it barreled toward New York City.

As the Southeast made small progress toward restoring power as Irene spun northward, blackouts in Delaware, Maryland and New Jersey jumped.

Aug 28, 2011

Irene cuts power to 1.8 mln, shuts refineries, nukes

NEW YORK, Aug 28 (Reuters) – Hurricane Irene knocked out
power to 1.8 million homes and businesses, disrupted oil
refineries and forced nuclear plants to reduce power as it
barrelled toward New York City.

As the Southeast made small progress toward restoring power
as Irene spun northward, blackouts in Delaware, Maryland and
New Jersey jumped.

Aug 26, 2011

Irene to deal blackouts, oil disruptions to U.S. East

NEW YORK (Reuters) – Energy companies on Friday activated emergency plans as the densely populated U.S. East Coast braced for blackouts from Hurricane Irene that could affect millions.

Oil refineries in the U.S. Northeast scaled back operations and pipeline operators warned of potential delays for fuel distribution. The Coast Guard said it had no plans yet to shut the New York Harbor, but energy traders said delays could affect the delivery hub for millions of barrels a day in crude and oil products, by pipeline, barge and ship.