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Nymex Overview: Small Gains Dot Petroleum Futures Sector — OPIS
Morningstar· 15 hours agoCrude and refined products rose, but only moderately, despite another weekend attack by Ukrainian drones on Russian refineries. Some of the reticence among buyers to chase futures higher Monday ...
U.S. Treasury Department Allowing Some Venezuelan Transactions Through Nov. 15 — OPIS
Morningstar· 3 days agoThe U.S. Department of the Treasury is giving companies still doing business in Venezuela more time to wrap up operations. The department on Friday issued a new license giving the companies ...
Top Senate Democrat Targets Chevron/Hess Merger -- OPIS
Market Watch· 16 hours agoThe top Democrat in the U.S. Senate is calling on federal regulators to "pump the brakes" on Chevron's $53 billion purchase of Hess Corp. In a tweet Sunday, Senate Majority Leader Chuck Schumer ...
Vertex Energy to 'Pause' Renewable Diesel Production at Alabama Refinery -- OPIS
Market Watch· 5 days agoVertex Energy on Thursday said it will "pause" renewable diesel production at its Mobile, Ala., refinery and use that capacity to produce more fossil-based fuels. Vertex said it made 4,090 b ...
Nymex Overview: Futures Ease After Moderate Early Increases — OPIS
Morningstar· 4 days agoThere was little enthusiasm on either the buy or sell side for petroleum futures this week, and prices for most contracts ticked lower Friday despite still-elevated tensions in the Middle East. Crude-oil benchmarks were positive for most of the
Citi Maintains Bearish View on Oil, Sees $74/bbl Brent This Summer -- OPIS
Market Watch· 4 days agoThe commodities team at Citigroup Thursday expressed a simple view of "sell any rally," maintaining its position as perhaps the most bearish set of analysts among large investment banks. In ...
USDA Raises Ethanol Industry Corn Use Forecast -- OPIS
Market Watch· 4 days agoThe agency's May World Agricultural Supply and Demand Estimates released on Friday said ethanol producers are expected to run through about 5.45 billion bu of corn in the 2023-2024 marketing ...
Enbridge Expanding Gulf Coast Operations as Export Demand Remains High — OPIS
Morningstar· 4 days agoEnbridge is planning to increase capacity on its Gray Oak Pipeline and expand docking operations in the Corpus Christi, Texas, area as part of its efforts to boost exports of Permian Basin liquids ...
NYMEX Overview: Crude, Product Futures Edge Up on Chinese Oil Import Gain -- OPIS
Market Watch· 5 days agoPetroleum futures were moderately higher, and prices were supported by global demand optimism after China's customs data showed the country oil imports rose...
Canada’s Gusher: Winners From a New Oil Pipeline
Barrons.com· 4 days ago“To me, this seems like West Texas and the Permian Basin 10 to 12 years ago,” said Denton Cinquegrana, chief oil analyst at OPIS. The Permian Basin of...
