Antoine Halff News
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The U.S., the world’s largest oil consumer, will continue to import crude from Colombia and Venezuela, according to the International Energy Agency.
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Refiners’ profit from turning oil into gasoline more than doubled this month as plants along the U.S. East Coast shut for repairs and imports from Europe declined in the aftermath of a French strike.
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The natural gas market in New York is contracting as prices head for the first three-year drop on record, helping to expand trading in heating oil.
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U.S. crude-oil inventories probably rose to the highest level in more than three months as refineries idled units to perform seasonal maintenance, a Bloomberg News survey showed.
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U.S. oil inventories probably fell to a one-month low last week as imports tumbled, a Bloomberg News survey showed.
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The European Union tightened sanctions on Iran in a bid to persuade Tehran to permit more international scrutiny of its nuclear program and avert a possible military conflict.
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Oil may return to $100 a barrel for the first time since the 2008 financial crisis as the U.S. Federal Reserve’s stimulus measures weaken the dollar, drawing investors to raw materials.
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The natural gas market in New York is contracting as prices head for the first three-year drop on record, helping to expand trading in heating oil.
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The U.S. will “ratchet up the pressure” on Iran to address international concerns about that country’s nuclear program, the Treasury Department’s top counterterrorism official said.
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The European Union reached a preliminary agreement to tighten sanctions on Iran to increase pressure on the Gulf nation’s nuclear program, according to two EU diplomats with knowledge of the matter.
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