Energy tycoon Boone Pickens predicted Friday that oil prices would be back near $70 or $80 a barrel by the fourth quarter of this year.» Read More
LONDON, Sept 24- The United States is experiencing the largest and most sustained drop in oil demand since the start of the petroleum era in 1859 thanks to improvements in efficiency and the switch to alternative fuels.
BISMARCK, North Dakota, Sept 23- Hess Corp and other major North Dakota oil producers told the state's top energy regulators on Tuesday that existing field practices used to prepare Bakken crude for rail transport are safe, and tighter standards could do more harm than good.
CHICAGO, Sept 19- U.S. wheat futures fell 2.9 percent to their lowest in more than four years on Friday, matching a similar low in Paris wheat futures, as a global supply glut overwhelmed demand and pressured prices.
*Soybeans, corn shrug off export news. *Soybeans on track for weekly loss of 12.2 percent. CHICAGO, Sept 19- U.S. wheat futures fell 2.1 percent to their lowest in more than four years on Friday, matching a similar low in Paris wheat futures, as a global supply glut overwhelmed demand and pressured prices.
WASHINGTON, Sept 16- Pipeline operator TransCanada Corp is likely to haul Canadian oil sands crude by rail whether or not its embattled Keystone XL pipeline project is finally approved by Washington, the company's chief executive said on Tuesday.
Lifting the 1970s ban on crude exports would go a long way to reducing energy prices and increasing jobs in the U.S., the CEO of Hess tells CNBC.
WASHINGTON, Sept 12- The United States hit Russia's largest bank, a major arms maker and arctic, deepwater and shale exploration by its biggest oil companies with new sanctions on Friday to punish Moscow for its intervention in Ukraine. They are the latest economic penalties imposed by the West since Russia annexed Crimea from Ukraine in March.
WASHINGTON, Sept 11- U.S. corn and soybean production in 2014, already pegged at record highs, will be higher than expected a month ago and somewhat above trade expectations, the U.S. government said on Thursday, triggering a swift drop in Chicago grain markets.
HOUSTON, Sept 10- Alon USA Energy intends to restart its refinery in Bakersfield, California in 2016 after a string of upgrades to enable it to process light inland U.S. crude that will arrive via a new oil-by-rail facility, Chief Executive Paul Eisman told Reuters on Wednesday.
HOUSTON, Sept 9- The first substantial oil-by-rail project at a California refinery won approval on Tuesday despite a last-minute push for more scrutiny by some environmental groups.
The U.S. energy renaissance's effects are being felt broadly, said the industry's main trade group.
WASHINGTON, Sept 9- U.S. studies of oil train dangers may have underestimated the perils of volatile vapor on the tracks and officials will in future use precision instruments for more thorough tests, a Transportation Department official said on Tuesday.
WASHINGTON, Sept 9- U.S. studies of oil train dangers may have underestimated the perils of volatile vapor on the tracks and officials will use precision instruments for more thorough tests in the future, a Transportation Department official said on Tuesday.
SAYS WILL IMPROVE TESTING OF OIL TRAIN CARGO FROM NORTH DAKOTA'S BAKKEN REGION- TRANSPORTATION DEPARTMENT OFFICIAL.
SAN FRANCISCO, Sept 5- A San Francisco Superior Court judge on Friday dismissed a lawsuit brought by environmental groups against Kinder Morgan's Richmond, California, rail terminal, which quietly began unloading crude oil from trains this year, saying the plaintiffs waited too long to file their complaint.
BISMARCK, N.D., Sept 4- North Dakota's oil boom has fueled a construction bonanza for new supermarkets, restaurants and clothing stores. But try finding a Rite Aid, Walgreens or other national pharmacy chain in the state, the fastest-growing economy in the nation, and you'll be largely out of luck.
WASHINGTON, Sept 3- The percentage of Americans regarded as "food insecure"- lacking access to enough food for a healthy life- has edged down in the past few years but still represents over 17 million households, the U.S. Agriculture Department said on Wednesday.
Although the prevalence of sporadic food insecurity has fallen, the number of households with very low food security is persistent, USDA said, even as the U.S. economy has moved on from a severe recession that ended in 2009 and the job market has slowly recovered.
Sept 2- Canada's Pembina Pipeline Corp said it would buy the Vantage pipeline system, gaining access to the prolific Bakken shale field in North Dakota. Vantage, a recently constructed pipeline system with a capacity of 40,000 barrels per day, originates in North Dakota and ends at Alberta.
Sept 2- Canada's Pembina Pipeline Corp said it would buy the Vantage pipeline system and Mistral Midstream Inc's interest in the Saskatchewan ethane extraction plant from Riverstone Holdings LLC for $650 million.