M&A is alive and well in the energy sector. Here's the buzz about which companies might be next, says NYSE floor trader Kenny Polcari.» Read More
NEW YORK, Aug 18- Washington's decision to allow exports of an ultra light crude offers a potential boon to U.S. producers that will bypass drillers in the Permian basin, because the country's fastest growing shale play lacks pipelines or affordable trucking.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
*Panamax freight rates from U.S. to Asia rise. NEW YORK/ SINGAPORE, Aug 13- Asian buyers of ultra light oil from the United States are struggling to find small-sized ships willing to undertake the month-long voyage at affordable rates as U.S.- Asia oil trade flows grow. "Why would you want to send a Panamax to Asia?
*Kate Spade plunges 23 pct in busiest trading day. NEW YORK, Aug 12- U.S. stocks fell modestly on Tuesday afternoon, with energy shares leading losses as investors monitored developments in Russia and Ukraine and the price of oil fell. Russia sent a convoy of 280 trucks carrying humanitarian aid to eastern Ukraine on Tuesday.
*NATO says Russia massed 20,000 combat-ready troops on Ukraine border. NATO said Russia had massed large amounts of troops on Ukraine's border and could use the pretext of a humanitarian mission to invade.
*NATO says Russia massed 20,000 combat-ready troops on Ukraine border. SINGAPORE, Aug 7- Brent crude climbed towards $105 a barrel on Thursday, supported by a decline in U.S. oil inventories and an escalation of East-West tension over the conflict in Ukraine.
*NATO says Russia massed 20,000 combat-ready troops on Ukraine border. SINGAPORE, Aug 7- Brent crude rose from near four-month lows toward $105 a barrel on Thursday, supported by a decline in U.S. oil inventories and an escalation of East-West tension over the conflict in Ukraine.
*Fox rallies, Time Warner falls as Fox withdraws merger bid. NEW YORK, Aug 5- U.S. stocks ended down on Tuesday, nose-diving in the afternoon as concerns mounted over escalating tensions in Ukraine. Markets were weak for most of the session, but selling accelerated in the afternoon on reports that Russian troops were massing near the Ukraine border.
*Market sells off in afternoon after Ukraine- related headlines. NEW YORK, Aug 5- U.S. stocks fell on Tuesday in broad selling led by energy shares as crude prices fell and as traders cited concern about possible escalation of military action in eastern Ukraine.
U.S. oil production continues to boom, and a loophole in a law has allowed the first export of unrefined American oil in decades.
LONDON, July 29- Somewhere in an office at the Bureau of Industry and Security in Washington, D.C., a mid-ranking government official is sitting down with a stack of dictionaries.
Jim Cramer thinks key developments in today's stock market could be telegraphing critical information about tomorrow.
HOUSTON, July 16- Plains All American may build new pipelines dedicated solely to a very light form of crude oil known as condensate in parts of the Permian Basin in West Texas as output increases, an executive of the U.S. company said this week.
WASHINGTON, July 14- The U.S. Commerce Department will likely approve a new round of permits to export a lightly processed form of crude oil, but it is unlikely that there will be an avalanche of barrels that can be exported, a lawyer representing oil companies said.
One week after U.S. authorities confirmed a ruling easing a 40- year ban on shipping lightly processed oil abroad, Enterprise Product Partners has sold its first cargo to a Japanese trading house and was seeking more buyers in Latin America, according to trading sources.
Jim Cramer says recent developments in the oil business aren’t getting nearly the attention they deserve.
WASHINGTON, July 2- Two senators on Wednesday asked the U.S. Commerce Department to explain why it approved exports of a form of super-light oil known as condensate, saying the action may have violated the decades-long ban on U.S. crude oil exports.
Philly Tankers AS, majority-owned by Aker Philadelphia Shipyard is building four ships on spec, and Seabulk Tankers Inc, an indirect wholly-owned subsidiary of SEACOR Holdings Inc, is building another two.
NEW YORK, June 30- After decades of isolation, the United States is set to become a major player in the global trade of ultra light oil as recent government export approvals attract interest across the world.
Texas- based companies Pioneer Natural Resources and Enterprise Product Partners had sought clarity from the government over whether stabilized condensate could be exported as a petroleum product without a special license, which is needed to export unprocessed domestic crude.