BEIJING, Dec 6- China is expected to post an increase in imports of major commodities in November compared with the preceding month, helped by stock building ahead of winter and after a week-long holiday disrupted shipments in October.» Read More
NEW YORK, July 12- Oil rose on Friday, led by the biggest surge in gasoline futures in four months as a string of refinery outages stoked concerns about fuel supplies in the heart of the U.S. summer driving season.
Valero says surging crude is hitting the company's margins, and the FMHR traders debate how to trade refiners. Betsy Graseck, Morgan Stanley, provides insight on impressive bank earnings. "Rising home prices will be a tail wind to large cap banks" says Graseck.
TOKYO, July 12- U.S. crude futures extended falls toward $104 a barrel on Friday, weighed down by profit-taking after hitting a 15- month high above $107 a day earlier, though still on course for a third weekly gain. *London Brent crude for August delivery was down 41 cents at $107.32 a barrel, after settling down 78 cents at $107.73.
GUATEMALA CITY, July 11- Mexican billionaire Carlos Slim is interested in investing in oil and natural gas exploration in Guatemala, a Guatemalan presidential spokesman said on Thursday.
*Today marks 5 year anniversary of highest ever Brent futures price of $147.50. NEW YORK, July 11- U.S. crude oil futures fell the most in three weeks on Thursday, retreating from a 15- month high as traders took profits on a three-week rally that has upended price spreads and reshaped the forward market.
*Today marks 5 year anniversary of highest ever Brent futures price of $147.50. Brent's premium to U.S. crude narrowed to the smallest since November 2010 at $1.32, a day after U.S. data showed the biggest two-week drop on record in crude stockpiles, indicating strong U.S. demand for domestic crude oil.
*Cargoes head to Mexico, Brazil, Argentina, Ecuador and Chile. LONDON, July 11- Gasoline flows from Europe to Latin America have already nearly doubled in July compared with recent months as a slump in demand in Europe and U.S. markets force traders to look elsewhere for opportunities.
SINGAPORE, July 11- Brent crude held near three-month highs on Thursday, supported by hopes the U.S. "Previously there was an anticipation that we would see a tapering of stimulus at the end of the summer, so that spooked traders and we saw that steep drop in June," said Carl Larry, president of Houston- based consultancy Oil Outlooks and Opinions LLC.
*Brent/WTI spread at lowest since December 2010. SINGAPORE, July 11- Brent crude steadied around three-month highs on Thursday, supported by expectations the Federal Reserve will keep its stimulus programme to aid the U.S. economy, while a sharp decline in crude inventories lifted U.S. oil to near 16- month peaks.
The Canadian authorities have launched a criminal investigation, and Quebec police inspector Michel Forget has said criminal negligence is one lead they are looking into. The question of whether enough of the train's handbrakes were used may affect the liability of the rail company- Montreal, Maine& Atlantic Railway- and could spur an overhaul in regulation.
TOKYO, July 11- U.S. crude futures traded near a 16- month high above $106 a barrel on Thursday, holding onto gains of nearly $3 a barrel made the previous day after data showed the biggest two-week decline on record in U.S. crude stockpiles. *NYMEX crude for August delivery was down 7 cents at $106.45 a barrel by 0028 GMT, after settling up $2.99 at $106.52 on Wednesday.
NEW YORK, July 10- U.S. crude oil prices surged nearly $3 a barrel on Wednesday to their highest in 16 months, narrowing its discount to Brent crude to less than $2 after U.S. data showed the biggest two-week decline in crude stockpiles on record.
Andy Lipow, president of Lipow Oil Associates, talks about the huge drop in inventories. "World oil demand is growing," he said, and he expects sticker shock for consumers.
*China crude imports down 1.4 percent over first six months. The restart of a new crude distillation unit at BP's 400,000- barrel per day Whiting refinery and increased transport capacity out of Cushing helped drain swollen supplies from the Midwestern hub.
LONDON, July 10- European refineries are seeing their bills soar by billions of dollars a year as Russia shifts oil exports to Asia, driving up the values of Urals, one of their preferred crudes.
BEIJING/ SINGAPORE, July 10- China's crude imports fell in the first half of 2013 compared with a year ago, raising the prospect that slowing growth in the world's second-largest economy may lead to lower-than-expected global fuel consumption this year.
*China's crude imports fell 1.4 percent in the first half. SHANGHAI, July 10- China's imports of crude and iron ore hit multi-month lows in June as the world's second-largest economy lost momentum, trade data showed on Wednesday, raising the prospect of weaker demand for commodities in the second half.
LAC-MEGANTIC, Quebec, July 9- Shipments of crude oil along the rail route disrupted by the Quebec train derailment could be out of service for "a while", an official with Canada's Transportation Safety Board said on Tuesday.
HERMON, Maine, July 8- Maine has no plans to review shipments of crude through the state on rail lines after a deadly oil train derailment just across the border in the Quebec town of Lac-Megantic over the weekend, the state Department of Transportation said.
CALGARY, Alberta, July 7- The crude oil train that derailed and exploded in Lac-Megantic, Quebec, on Saturday was destined for Irving Oil Ltd's refinery in Saint John, New Brunswick, the company confirmed.