Oil and Gas
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LONDON, April 5- Britain's biggest gas storage site ran dry of normal supply on Friday and is using gas usually reserved for the technical operation of the site, National Grid data showed.
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LONDON, April 5- Britain's biggest gas storage site ran dry of normal supply on Friday and is using gas usually reserved for the technical operation of the site, National Grid data showed.
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NEW ORLEANS, April 5- A U.S. judge again upheld an agreement to pay individuals and businesses for claims related to BP Plc's 2010 Gulf of Mexico spill, as the oil company seeks to avoid the potential for escalating costs from the settlement it reached last year.
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NEW YORK, April 5- Brent crude oil fell to an eight-month low below $105 a barrel on Friday as data showed a much sharper slowdown in hiring by U.S. employers than analysts had expected, feeding worries about the economy and potential fuel demand.
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Fewer jobs added means fewer drivers on the road and weaker demand for gasoline and crude, reports CNBC's Sharon Epperson.
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JUNEAU, Alaska-- Opponents of a proposed oil tax overhaul rallied across the Alaska, including on the steps of the state Capitol, Thursday, while a rewritten tax bill advanced in the state House. Supporters of a tax change say Alaska can't stand by as production continues to decline. Alaska relies heavily on oil revenues to run.
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LONDON, April 5- Brent crude oil fell to a five-month low near $105 per barrel on Friday as bleak U.S. jobs data and bulging inventories dimmed the outlook for economic growth and fuel demand.
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The Saudi's investment in a Texas refinery's expansion is meant to ensure that it will retain an important market for its crude in the United States at a time when American politicians intend to wean the country off imported oil, The New York Times reports.
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LONDON, April 5- Brent crude oil fell to a five-month low near $105 per barrel on Friday as bleak U.S. jobs data and bulging inventories dimmed the outlook for economic growth and fuel demand.
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LA PLATA, Argentina-- Argentine police and soldiers searched house to house, in creeks and culverts and even in trees for bodies on Thursday after floods killed at least 57 people in the province and city of Buenos Aires.
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WASHINGTON-- The White House says the crown prince of the Emirati capital of Abu Dhabi will visit with President Barack Obama later this month. Sheik Mohammed bin Zayed Al Nahyan will meet with Obama at the White House on April 16.
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WASHINGTON, April 5- The U.S. trade gap narrowed unexpectedly in February as crude oil imports fell to their lowest level since March 1996 and overall exports increased slightly, a U.S. Commerce Department report on Friday showed. The consensus estimate of Wall Street analysts surveyed before the report was for the trade gap to widen slightly to $44.6 billion.
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WASHINGTON-- The U.S. trade deficit likely widened in February for a second consecutive month, reflecting a rising foreign oil bill. The Commerce Department will release the report at 8:30 a.m. EDT Friday. In January, the deficit increased by a sharp 16.5 percent to $44.4 billion, as U.S. exports fell, reflecting declines in sales to Europe, China, Japan and Brazil.
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*Korea tensions, Iran talks eyed. LONDON, April 5- Brent crude oil steadied close to five-month lows around $106 per barrel on Friday as bleak U.S. data and bulging inventories dimmed the outlook for demand.
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*Korea tensions, Iran talks eyed. SINGAPORE, April 5- Brent crude edged up toward $107 per barrel on Friday after hitting a 5- month low in the prior session, but prices were headed for their worst week in a month as bleak U.S. data and bulging inventories dimmed the outlook for demand. Brent crude rose 13 cents to $106.47 a barrel by 0436 GMT, off an earlier high of $106.65.
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--Clyde Russell is a Reuters market analyst. That's the question that should be asked after Thursday's announcement by Royal Dutch Shell that it would close its Geelong refinery in Victoria state and convert it to an import terminal if a buyer couldn't be found.
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*Korea tensions, Iran talks eyed. SINGAPORE, April 5- Brent crude edged up toward $107 per barrel on Friday after hitting a 5- month low in the prior session, but prices were headed for their worst week in a month as bleak U.S. data and bulging inventories dimmed the outlook for demand. Brent rose 14 cents to $106.48 a barrel by 0236 GMT, off an earlier high of $106.65.
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PERTH, April 5- U.S. crude futures rose on Friday in the wake of the Bank of Japan's decision to inject $1.4 trillion into the world's third largest economy, reversing widespread selling in oil markets the day before on a jump in U.S. jobless claims. *U.S. crude for May delivery had climbed 21 cents to $93.47 per barrel by 0047 GMT.
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You say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.
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NEW YORK, April 4- Brent crude prices hit a five-month low near $105 a barrel on Thursday as a jump in U.S. jobless claims triggered a second day of widespread selling in oil markets, but the benchmark crude pared losses late in New York as the euro strengthened. Brent crude settled down 77 cents at $106.34 a barrel.
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*Corn hits 9- mth bottom, Brent crude slips to 5- mth low. NEW YORK, April 4- Corn, oil and gold prices hit multi-month lows on Thursday while cotton joined the selloff in commodities that extended to a fourth day after another disappointing U.S. economic report raised worries about the health of the world's largest economy.