Business


Exxon discloses refinery emissions as storm hits Gulf Coast

It also helps that few major USA refiners have reported extensive damage from Harvey so far. The difference now is that soaring oil production in North Dakota and West Texas has made the US less reliant on oil rigs in the Gulf, which are vulnerable to hurricanes.



US Energy Dept releases 500000 barrels from strategic reserve

The AAA said early Wednesday - the latest data available - that retail gasoline prices were up 6 cents from a week ago at US$2.404 per gallon of regular gasoline nationwide. Traders said that EIA data would take weeks to fully reflect the impact of the storm and floods. Analysts estimate that about 40 oil tankers have been contracted to carry oil products from Europe to compensate for lost production in the USA form the Gulf of Mexico refinery shutdowns.



Hurricane Harvey To Send Gas Prices Higher As Refineries Remain Shutdown

On Wednesday, oil prices fell despite a weekly drop in closely watched USA commercial crude stocks of 5.39 million barrels. "In contrast, oil prices retreated", ANZ bank said. It now is at 679 million barrels. Onshore, numerous nation's refineries remain offline because of heavy flooding in and around the Houston area. The U.S.


More customers affected by Wells Fargo scandal

More customers affected by Wells Fargo scandal

Another trade for 24,708 shares valued at $1.34M was made by Pelos Petros G on Monday, June 12. It has outperformed by 23.50% the S&P500. The findings show that Wells Fargo's problems are worse than the bank previously admitted to when the scandal began nearly a year ago.


Harvey effect: Gas surges, oil drops

Harvey effect: Gas surges, oil drops

Nearly 3 million barrels of oil a day can not be refined into gasoline and other products - about 16% of U.S. refining capacity, according to Goldman Sachs . Gasoline margins RBc1-CLc1 climbed, as the gasoline crack spread jumped to $24.02 a barrel early in the session, the highest on a seasonal basis since 2012.


May seeks to ease Japan's Brexit fears during trade visit

May seeks to ease Japan's Brexit fears during trade visit

Wednesday May is welcomed to Kyoto at a tea ceremony with Japan's prime minister, Shinzo Abe , before the pair travel together to Tokyo on the high speed bullet train, or Shinkansen. North Korea launched a ballistic missile over Japan and into the Pacific Ocean on Tuesday. She was accompanied by International Trade Secretary Liam Fox and a 15-strong delegation of United Kingdom business leaders for the three-day visit.