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09/06/2017 Oil: News Stories

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Premarket: Hurricane Irma; No NAFTA breakthrough - Sep. 6, 2017

...... Irma is moving through the Caribbean, pushing up commodity prices and applying pressure to travel stocks. The price of orange juice futures for November delivery spiked 6.5% on Wednesday. U.S. oil futures rose 0.4% to trade just below $49 per barrel. On Tuesday, shares in cruise operators dropped as the storm gathered strength. Royal Caribbean Cruises ( RCL ) lost 4%, while Carnival ......

(268 words by cnn.com)
(09/06/2017)
Legislation
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Per: 0.35%
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Nigeria and South Africa emerge from recession - CNN

...... Kieron Monks, CNN Updated 9:32 AM ET, Tue September 5, 2017 Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds. Nigeria's economy has suffered from falling oil prices but the worst may be over. Story highlights (CNN) Two of the largest economies in Africa are growing again after recessions. Nigeria's GDP expanded by 0.55% in the second quarter of 2017 year- ......

(354 words by cnn.com)
(09/06/2017)
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Congress eyes China as it struggles for a North Korea solution - CNNPolitics

...... and its allies would lower their guard. "If we want the cooperation of the Chinese on the issue of this 22% increase in trade between China and North Korea over the last year, in cutting off the oil to North Korea, and giving China assurances that our goal is not to decapitate the North Korean regime but just end the ballistic missile and nuclear weapons program -- then we are going to have to ......

(575 words by cnn.com)
(09/06/2017)
Legislation
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Archbishop of Canterbury: 'Destabilizing' inequality is blighting Britain - Sep. 6, 2017

...... nearly a third of all children live in poverty. "Britain stands at a watershed moment where we need to make fundamental choices about the sort of economy we need," said Welby, a former oil industry executive and now Archbishop of Canterbury. "We are failing those who will grow up into a world where the gap between the richest and poorest parts of the country is significant and ......

(431 words by cnn.com)
(09/06/2017)
Legislation
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Indian Prime Minister meets blames Rohingya violence on extremists - CNN

...... the government accommodated some 300,000 people fleeing from what was then West Punjab, providing "100 tons of flour daily, along with large quantities of salt, rice, lentils, sugar and cooking oil," according to historian Ramachandra Guha. The government even provided entertainment, showing classic Disney films featuring Mickey Mouse and Donald Duck. ......

(401 words by cnn.com)
(09/06/2017)
Legislation
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The mural that disappears with the tide - CNN

...... surrounded with everything nature had to offer," he tells CNN. "The ocean was my playground and art didn't enter my life until my later teenage years." The artworks are created with traditional oil paint: "I use it in a traditional old masters' technique, mixing both loose brushwork with very tight strokes of sharp lines. I'm always trying to make the paint have a juicier texture to really ......

(781 words by cnn.com)
(09/06/2017)
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South Korea deploys U.S. anti-missile launchers amid clashes with protesters | Reuters

...... reprimands from neighbouring Japan and the United States. According to a United Nations draft resolution seen by Reuters on Wednesday, the United States wants the United Nations to impose an oil embargo on North Korea, ban the country’s exports of textiles and the hiring of North Korean labourers as part of new sanctions on the North. ......

(309 words by reuters.com)
(09/06/2017)

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2 Articles

Asian shares rise on relief over U.S. debt ceiling deal, euro eyes ECB | Reuters

...... December, eliminating the risk of a government shutdown for now. The euro maintained this week’s slim gains ahead of the European Central Bank’s policy event later in the day while oil prices were supported after U.S. Gulf Coast refineries reopened. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.3 percent while Japan's Nikkei .N225 rose 0.6 ......

(532 words by reuters.com)
(09/06/2017)

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Legislation
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3 Articles

Energy shares lead broad rebound on Wall Street | Reuters

...... some of the events, they realized that from a domestic point of view, it simply isn't that bad." The energy sector .SPNY rose 1.6 percent, for its biggest single-day gain in two months, as oil prices rose. Strong global refining margins and the reopening of U.S. Gulf Coast refineries provided a more bullish outlook after sharp drops due to Hurricane Harvey. Two-percent gains for shares ......

(527 words by reuters.com)
(09/06/2017)

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Oil markets dip storm Harvey fallout; Hurricane Irma heads into Caribbean | Reuters

...... SINGAPORE (Reuters) - Oil prices slipped on Wednesday as crude demand remained subdued due to the refinery closures that followed after Hurricane Harvey hit the U.S. Gulf coast 10 days ago. Although many refineries, pipelines and ports that were knocked out by Harvey are now restarting, analysts said it will take weeks before the U.S. petroleum industry is back to capacity. As of Tuesday, ......

(441 words by reuters.com)
(09/06/2017)

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Oil steady as U.S. refining demand rises but ample crude supplies weigh | Reuters

...... SINGAPORE (Reuters) - Oil prices held steady on Thursday, supported by rising demand from the United States where Gulf Coast refineries are restarting in the wake of Hurricane Harvey. But three more hurricanes in the Caribbean and Atlantic were threatening more disruption. Despite the storms, ongoing high crude output including from the Organization of the Petroleum Exporting Countries (OPEC) ......

(469 words by reuters.com)
(09/06/2017)

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Dollar steadies after Korea tensions weigh on stocks | Reuters

...... slide in reaction to North Korea’s sixth and biggest nuclear weapons test on Sunday may have been arrested. The S&P 500 suffered its biggest one-day fall in three weeks on Tuesday. Oil price rose, with Brent crude hitting its highest since late May. The dollar also made slight gains against the yen, having fallen 1 percent at one point on Tuesday. Yields on safe-haven U.S. ......

(587 words by reuters.com)
(09/06/2017)

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Legislation
Activism
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2 Articles

Nikkei takes cues from Wall Street rebound on debt ceiling deal | Reuters

...... * Trump forges deal for 3-month debt ceiling reprieve * Energy shares gain after crude oil rises on Wednesday By Lisa Twaronite TOKYO, Sept 7 (Reuters) - Japan’s Nikkei share average rose on Thursday, pulling away from the previous session’s four-month intraday lows after news of an agreement to extend the U.S. debt limit cheered Wall Street. The Nikkei was up 0.4 percent at 1 ......

(510 words by reuters.com)
(09/06/2017)

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Legislation
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2 Articles

Oil up after Harvey fallout, but Hurricane Irma heads to Caribbean | Reuters

...... SINGAPORE/LONDON (Reuters) - Oil prices rose on Wednesday as strong global refining margins and the reopening of U.S. Gulf Coast refineries provided a more bullish outlook after sharp drops due to Storm Harvey. Brent LCOc1 had gained 82 cents to $54.20 a barrel by 1215 GMT. U.S. West Texas Intermediate (WTI) crude futures Clc1 were up 55 cents at $49.21 a barrel. "Prices are extending the ......

(399 words by reuters.com)
(09/06/2017)

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Asian traders look to snap up U.S. crude in wake of Hurricane Harvey | Reuters

...... SINGAPORE (Reuters) - Some oil traders in Asia are looking to snap up crude cargoes from the United States after Hurricane Harvey closed U.S. refineries, denting local demand and pushing out the price spread between U.S and Atlantic Basin crude benchmarks. Hurricane Harvey barreled into the U.S. Gulf of Mexico coast around 10 days ago, closing nearly a quarter of the nation’s refining ......

(343 words by reuters.com)
(09/06/2017)

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2 Articles

U.S. stocks, dollar rise on Washington debt limit deal | Reuters

...... and pressure alone. In the Caribbean, dangerous Category 5 Hurricane Irma slammed across islands with pounding winds and raging surf en route to a possible landfall in Florida this weekend. Oil prices rose as strong global refining margins and the reopening of U.S. Gulf Coast refineries provided a more bullish outlook after sharp drops due to Storm Harvey. U.S. crude CLcv1 futures ......

(555 words by reuters.com)
(09/06/2017)

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Legislation
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2 Articles

Hurricane Katia churns off Mexican coast before expected drift to land | Reuters

...... southwest on Thursday, taking it towards the Mexican coast. Some additional strengthening is forecast during the next 48 hours, and the NHC’s projections showed the hurricane hitting the oil-rich state of Veracruz around the end of the week. State oil and gas company Pemex [PEMX.UL] has installations in and around the coast of Veracruz, but so far the firm has not reported any ......

(383 words by reuters.com)
(09/06/2017)

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Oil up after Harvey fallout; Irma heads toward Florida | Reuters

...... NEW YORK (Reuters) - Oil prices rose more than 1 percent on Wednesday as strong global refining margins and the reopening of U.S. Gulf Coast refineries provided a more bullish outlook after sharp drops due to Hurricane Harvey. But traders remained wary of Hurricane Irma, ranked as one of the five most powerful Atlantic hurricanes in the last 80 years, which was passing over the northernmost ......

(556 words by reuters.com)
(09/06/2017)

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2 Articles

Putin says sanctions, pressure alone won't resolve North Korea crisis | Reuters

...... nuclear crisis is impossible with sanctions and pressure alone, Russian President Vladimir Putin said on Wednesday after meeting his South Korean counterpart, adding that the impact of cutting oil would be worrying. Putin met South Korea’s Moon Jae-in on the sidelines of an economic summit in the eastern Russian city of Vladivostok amid mounting international concern that their ......

(911 words by reuters.com)
(09/06/2017)

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3 Articles

Trump says U.S. not 'putting up with' North Korea's actions | Reuters

...... take a harder line. He has asked the United Nations to consider tough new sanctions after North Korea’s latest nuclear test. The United States wants the Security Council to impose an oil embargo on North Korea, ban the country’s exports of textiles and the hiring of North Korean laborers abroad and subject leader Kim Jong Un to an asset freeze and travel ban, according to a ......

(962 words by reuters.com)
(09/06/2017)

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Legislation
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2 Articles

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