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Reduction in Fuel use Puts Refiners in Bind
Published July 10, 2009, 7:39 am, DTN / The Progressive Farmer
Stricter fuel economy standards and rising mandates for blending ethanol and other biofuels into the fuel supply, according to the Houston Chronicle, are expected to cut into demand for gasoline in coming years leading many companies in the oil refining industry to close shop.
Platts Survey: June OPEC Oil Output Rose to 28.47 Million Barrels Per Day
Published July 10, 2009, 7:34 am, Oil Online
The Organization of the Petroleum Exporting Countries (OPEC) increased crude oil production by 80,000 barrels per day (b/d) to 28.47 million b/d in June, according to a just-released Platts survey of OPEC members, oil industry officials and analysts.
Oil below $60 as investors look to company earnings for demand signs
Published July 10, 2009, 7:33 am, MSN Money Canada
VIENNA - Oil prices slid well below US$60 a barrel Friday as investors braced for company earnings reports next week that will provide clues on the strength of crude demand.
Oil falls below $59 a barrel as investors brace for company earnings report
Published July 10, 2009, 7:23 am, The Trucker
VIENNA — Oil prices slid well below $60 a barrel Friday as investors braced for company earnings reports next week that will provide clues on the strength of crude demand.
Murphy Oil announces first production at the Thunder Hawk Field in the Gulf of Mexico
Published July 10, 2009, 7:19 am, Oil Online
Murphy Oil Corporation has announced that the Thunder Hawk field located in Mississippi Canyon Block 734 in the Gulf of Mexico has commenced production. The field lies in over 5,700 feet of water, approximately 145 miles southeast of New Orleans, Louisiana.
Knoxville gas continues to slide, oil falls
Published July 10, 2009, 7:08 am, Knoxville News Sentinel
Retail gasoline prices in the Knoxville area on Friday continued to retreat from 2009 highs set last month, while oil prices slid well below $60 a barrel as investors braced for company earnings reports next week that will provide clues on the strength of crude demand.
Oil prices dip below $60 a barrel
Published July 10, 2009, 7:07 am, u.tv
Oil prices fell below $60 a barrel today, putting them on course for their worst week since January, as traders worried about the uncertain global economic outlook.
Allendale Early Calls: August Live Cattle Lower, Corn Market Under Short Term Pressure
Published July 10, 2009, 6:49 am, CattleNetwork.com
December corn called 5 to 10 lower. November soybeans called 5 lower. September CBOT wheat called 3 to 5 lower.
CORRECT: DATA SNAP: US Trade Deficit Unexpectedly Narrows In May
Published July 10, 2009, 6:48 am, The Forex Market
("DATA SNAP: US Trade Deficit Unexpectedly Narrows In May," at 8:30 a.m. EDT, misstated how much capital goods exports rose in the 13th paragraph. The correct version follows:)
PetroChina Cleared to Buy Into Osaka
Published July 10, 2009, 6:27 am, Zacks.com via Yahoo! Finance
The Osaka deal - which will be PetroChina's second overseas refinery transaction - would allow the company to take charge of all crude supply and product offtake of the refinery.
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