Joshua's Feed
Dec 11, 2012

Oil up on OPEC output decline, ahead of group’s meeting

NEW YORK, Dec 11 (Reuters) – Oil futures rose modestly on
Tuesday after OPEC said its members pumped less oil last month
and as a weaker U.S. currency helped to firm dollar-denominated
commodity prices.

Brent crude rose for a second day and U.S. crude
rose for the first time in six trading sessions.

Dec 10, 2012

Brent oil gains after Chinese oil imports grow

NEW YORK, Dec 10 (Reuters) – Brent oil prices rose slightly
on Monday after Chinese data showed oil imports increased last
month, a sign of robust demand for commodities in the world’s
No. 2 oil consuming country.

Chinese customs data showed imports rose to 5.69 million
barrels per day last month, which tried for the third-highest
monthly level ever and was up 3 percent from a year-earlier
figures. Iron ore imports also rose, and China’s oil refinery
runs reached a record last month above 10.1 million barrels a
day.

Nov 29, 2012

Oil up on U.S. budget optimism, Middle East tensions

NEW YORK, Nov 29 (Reuters) – Oil prices rose on Thursday for
the first time this week on optimism that U.S. lawmakers will
resolve a budget fight to avert an economic slowdown and on
increasing Middle East tensions that stoked fear about
disruptions to oil supplies.

A U.S. budget deal would help avoid what has been called the
“fiscal cliff,” which could be caused by automatic tax increases
and spending cuts. In recent days, Republican and Democratic
lawmakers have expressed optimism that a deal will be reached.

Nov 29, 2012

Shell sees big output boost from Chesapeake acreage buy

NEW YORK, Nov 29 (Reuters) – Royal Dutch Shell
expects “years and years” of production from oil and natural gas
acreage it recently bought from Chesapeake Energy Corp
and plans to add more drilling rigs, the head of Shell’s
Americas operations said on Thursday.

Shell paid $1.94 billion last September for 618,000 acres in
the Permian Basin, a vast oil and natural gas source in western
Texas.

Nov 27, 2012

Sandy gives New York oil supply lesson

NEW YORK, Nov 27 (Reuters) – At 4 p.m. on Oct. 29, as heavy
winds battered the East Coast ahead of Superstorm Sandy’s
landfall, the Coast Guard’s regional command center on Staten
Island lost power and its hulking backup generators hummed into
action.

Commander Linda Sturgis, who oversees emergency prevention
at the Port of New York, was buzzed through two thick security
doors into the Port’s hive-like vessel traffic center, the
maritime equivalent of an air traffic control tower. The Port
had been bracing for Sandy for days, and a few hours earlier,
its Captain had halted all commercial vessel traffic, an
emergency lockdown known as Condition Zulu.

Nov 27, 2012

Sandy gives NY oil supply lesson, will it sink in?

NEW YORK, Nov 27 (Reuters) – At 4 p.m. on Oct. 29, as heavy
winds battered the East Coast ahead of Superstorm Sandy’s
landfall, the Coast Guard’s regional command center on Staten
Island lost power and its hulking backup generators hummed into
action.

Commander Linda Sturgis, who oversees emergency prevention
at the Port of New York, was buzzed through two thick security
doors into the Port’s hive-like vessel traffic center, the
maritime equivalent of an air traffic control tower. The Port
had been bracing for Sandy for days, and a few hours earlier,
its Captain had halted all commercial vessel traffic, an
emergency lockdown known as Condition Zulu.

Nov 27, 2012

Insight: Sandy gives New York oil supply lesson, will it sink in?

NEW YORK (Reuters) – At 4 p.m. on October 29, as heavy winds battered the East Coast ahead of Superstorm Sandy’s landfall, the Coast Guard’s regional command center on Staten Island lost power and its hulking backup generators hummed into action.

Commander Linda Sturgis, who oversees emergency prevention at the Port of New York, was buzzed through two thick security doors into the Port’s hive-like vessel traffic center, the maritime equivalent of an air traffic control tower. The Port had been bracing for Sandy for days, and a few hours earlier, its Captain had halted all commercial vessel traffic, an emergency lockdown known as Condition Zulu.

Nov 27, 2012

Sandy gives New York oil supply lesson, will it sink in?

NEW YORK, Nov 27 (Reuters) – At 4 p.m. on Oct. 29, as heavy
winds battered the East Coast ahead of Superstorm Sandy’s
landfall, the Coast Guard’s regional command center on Staten
Island lost power and its hulking backup generators hummed into
action.

Commander Linda Sturgis, who oversees emergency prevention
at the Port of New York, was buzzed through two thick security
doors into the Port’s hive-like vessel traffic center, the
maritime equivalent of an air traffic control tower. The Port
had been bracing for Sandy for days, and a few hours earlier,
its Captain had halted all commercial vessel traffic, an
emergency lockdown known as Condition Zulu.

Nov 16, 2012

Oil platform blaze off Louisiana leaves workers missing

HOUSTON/NEW YORK, Nov 16 (Reuters) – An oil platform in the
Gulf of Mexico and operated by Houston-based Black Elk Energy
burst into flames on Friday, leaving at least two people missing
and badly injuring several others, U.S. and Louisiana officials
said.

The fire has been extinguished, Black Elk
spokeswoman Leslie Hoffman said. She said an emergency response
is under way, but declined further comment, saying the company
will issue a statement later Friday.

Nov 6, 2012

Easing NY pump pain could net oil traders millions

NEW YORK/LONDON (Reuters) – With gas lines still snaking from filling stations in the U.S. Northeast after Hurricane Sandy, nimble oil traders like BP Plc (BP.L: Quote, Profile, Research, Stock Buzz) may be poised to reap millions in profit by supplying fuel to the storm-struck region.

Call it disaster arbitrage: Aided by Friday’s federal government waiver allowing foreign tankers to ship oil between U.S. ports, a few firms are racing to deliver fuel from the U.S. Gulf Coast to the East Coast, where it can fetch a handsome premium.