Cushing Newswire

Cushing Newswire

Comprehensive Real-Time News Feed for Cushing, OK.

Results 1 - 20 of 64 for "u:reuters.com" in Cushing, OK

  1. UPDATE 1-U.S. fuel stocks rise, driving prices lower despite big crude buildRead the original story

    Wednesday Aug 26 | Reuters

    U.S. crude oil stockpiles fell sharply last week as imports tumbled, while gasoline and distillate inventories rose despite a reduction in refinery runs, data from the Energy Information Administration showed on Wednesday. Crude inventories fell 5.5 million barrels in the week to Aug. 21, the biggest one-week decline since early June and counter to analysts' expectations for an increase of 1 million barrels.

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  2. HollyFrontier says Tulsa refinery operations not affected by fireRead the original story

    Sunday Aug 23 | Reuters

    HollyFrontier Corp said operations at the West plant of its 125,000 barrel-per-day Tulsa, Oklahoma, refinery, were not affected by a fire on Sunday morning and that there were no injuries. "The Refinery emergency response team was immediately mobilized and the fire was extinguished with no injuries or impact to plant operations," company spokeswoman Julia Heidenreich said in a statement.

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  3. Fire hits HollyFrontier's Tulsa refinery: local reporterRead the original story

    Sunday Aug 23 | Reuters

    A fire at HollyFrontier Corp's 125,000 barrels per day refinery in Tulsa, Oklahoma, is being handled by the company's in-house fire crews, according to a Twitter message by a local journalist. The Tulsa Fire Department told Reuters it had not been notified of a fire that required outside assistance.

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  4. U.S. oil glut heads north as traders in Canada scramble for storageRead the original story

    Thursday Aug 20 | Reuters

    The U.S. oil glut is about to repeat itself north of the border in Canada, raising prospects that the world's cheapest oil may be set to get even cheaper. Oil traders are scrambling to secure more storage space in western Canada as crude stockpiles in the region surge to record highs and rental rates in the normally sleepy spot market jump.

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  5. Oil prices steady ahead of U.S. stockpiles dataRead the original story w/Photo

    Wednesday Aug 19 | Reuters

    Oil prices steadied on Wednesday ahead of U.S. oil data expected to show falling crude and gasoline stockpiles, raising hopes of increased demand for crude. Prices consolidated after a six-week rout driven by global oversupply and concerns about falling demand in Asian economies and the United States.

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  6. UPDATE 6-U.S. crude oil hits 6-1/2-year low on high stocks, ChinaRead the original story

    Friday Aug 14 | Reuters

    U.S. crude oil fell to its lowest in almost 6-1/2 years on Friday as huge stockpiles and refinery shutdowns heightened concerns about global oversupply and the Chinese economy. Oil had already tumbled more than 3 percent on Thursday, driven by a report that stocks at Cushing, Oklahoma, the delivery point for U.S. crude futures, rose more than 1.3 million barrels in the week to Aug. 11. U.S. crude hit an intraday low of $41.35 a barrel, its lowest since March 4, 2009, before recovering to $42.13 by 1040 GMT, down 10 cents on the day.

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  7. UPDATE 1-Canadian heavy crude slumps to lowest in at least a decadeRead the original story

    Wednesday Aug 12 | Reuters

    Heavy Canadian crude slumped to its lowest level in at least a decade on Wednesday after Enbridge Inc closed two of its main pipelines in the United States because of a leak, piling fresh misery on Canadian oil companies that are close to producing at a loss. Western Canada Select heavy blend crude for September delivery last traded at $20.75 per barrel below the West Texas Intermediate benchmark, according to Shorcan Energy brokers, having settled at $19.80 per barrel below on Tuesday.

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  8. U.S. crude, gasoline stocks dip; refiners ease from record runsRead the original story

    Wednesday Aug 12 | Reuters

    U.S. crude stocks dipped last week as refineries slightly pared record-high output, while gasoline stocks decreased and distillate inventories rose, data from the Energy Information Administration showed on Wednesday. Crude inventories fell by 1.7 million barrels in the last week, compared with analysts' expectations for an decrease of 1.8 million barrels.

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  9. Exclusive: Tesoro held unsuccessful talks to buy HollyFrontier - sourcesRead the original story w/Photo

    Thursday Jul 30 | Reuters

    Both companies were in discussions in the first quarter of 2015, but the negotiations were scuttled after HollyFrontier's board of directors balked at Tesoro's terms, including the proposed price, the sources said this week. The sources did not disclose Tesoro's offer price for HollyFrontier, which has a market capitalization of around $9 billion.

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  10. Oil steady; U.S. crude holds below $50 as stockpiles riseRead the original story w/Photo

    Jul 22, 2015 | Reuters

    Oil prices held steady in early Asian trade on Thursday, with U.S. crude trading below $50 a barrel near its lowest in more than three months as rising U.S. stockpiles and a strong dollar weighed on the commodity. Crude oil stocks in the United States rose 2.5 million barrels last week to above the five-year seasonal average, data from the Energy Information Administration showed, contrasting with expectations of a 2.3 million-barrel drawdown.

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  11. Oil prices fall on unexpected rise in U.S. crude stocksRead the original story w/Photo

    Jul 22, 2015 | Reuters

    Oil prices fell on Wednesday after an unexpected rise in U.S. crude stocks, adding to a picture of global oversupply that has dragged down values over the past year. Industry data released on Tuesday by the American Petroleum Institute showed crude inventories at the Cushing, Oklahoma, hub rose 2.3 million barrels last week, compared with analyst expectations for a decrease of the same volume.

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  12. UPDATE 1-Oil prices steady as Greece crisis abatesRead the original story

    Jul 16, 2015 | Reuters

    Brent crude oil rose slightly on Friday, underpinned by a weaker dollar and a power outage at Britain's largest oilfield, though a supply glut kept prices pinned near $57 per barrel. Brent crude was up 15 cents at $57.07 by 0827 GMT.

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  13. Oil prices rise in early Asian tradeRead the original story

    Jul 16, 2015 | Reuters

    Oil prices rose slightly on Friday in thin trade in Asia, underpinned by a power outage at Britain's largest oilfield, though risks of oversupply following the Iranian nuclear deal and mixed economic data held back prices. A decision on Thursday to reopen funding to near-bankrupt Greece, enabling it to make debt payments, improved risk sentiment, though lower jobless claims in the U.S. boosted expectations for a rate hike.

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  14. Global Markets-Asia up on Wall Street rise and Greece relief, dollar extends gainsRead the original story

    Jul 16, 2015 | Reuters

    Asian shares opened higher on Friday, aided by a higher Wall Street and eased tensions over Greece, while the dollar extended gains versus the euro and yen as economic indicators bolstered expectations for a U.S. rate hike by year-end. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent.

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  15. UPDATE 9-Brent up on UK outage, U.S. crude falls on Cushing dataRead the original story

    Jul 16, 2015 | Reuters

    Front-month Brent crude prices rose on Thursday after a power outage shut production at Britain's largest oilfield and as the August contract approached expiration. U.S. crude futures settled lower after giving up gains reacting to data from industry intelligence firm Genscape showing higher crude inventories at the Cushing, Oklahoma, hub, traders said.

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  16. Asia shares mostly higher after Greek vote, dollar up after YellenRead the original story w/Photo

    Jul 15, 2015 | Reuters

    Asian stocks were mostly higher on Thursday after the Greek parliament approved a bailout plan while the dollar stood tall after Federal Reserve Chair Janet Yellen reinforced expectations for a U.S. rate hike. Japan's Nikkei .N225 rose 0.5 percent, as did Australian shares .AXJO.

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  17. UPDATE 1-WTI-Brent spread hits 3-wk high after surprise U.S. oil stock buildRead the original story

    Jul 1, 2015 | Reuters

    U.S. crude oil futures' discount to Brent, one of the biggest plays in oil, widened to more than $5 a barrel for the first time in three weeks on Wednesday after U.S. government data showed a surprise inventory build. Crude stockpiles in the United States rose 2.4 million barrels last week, the first weekly rise since April, after analysts in a Reuters poll had forecast a 2 million-barrel draw.

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  18. UPDATE 9-Oil lower after EIA data shows gasoline stocks buildRead the original story

    Jun 17, 2015 | Reuters

    Crude oil and refined products futures turned lower on Wednesday in volatile trading after government data showed a surprise gasoline inventory build last week, even as production eased. Concerns about Greece's debt problems and the potential effect on Europe's demand for petroleum also helped pressure crude futures.

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  19. UPDATE 2-U.S. oil price manipulation lawsuit settled for $16.5 mlnRead the original story

    Jun 4, 2015 | Reuters

    Oil traders have reached a $16.5 million settlement of a U.S. class action lawsuit accusing Arcadia Petroleum Ltd, its Parnon Energy unit and two traders of illegally manipulating the price of crude oil in early 2008. It resolves charges that the companies, Arcadia trader Nicholas Wildgoose and Parnon trader James Dyer violated federal antitrust and commodities laws by using futures and options to benefit financially from an artificial crude oil shortage they created at a key hub in Cushing, Oklahoma.

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  20. UPDATE 1-U.S. oil price manipulation lawsuit settled for $16.5 mlnRead the original story

    Jun 4, 2015 | Reuters

    Arcadia Petroleum Ltd, its Parnon Energy unit and two traders have reached a $16.5 million settlement of a U.S. class-action lawsuit accusing them of illegally manipulating the price of crude oil in early 2008. It resolves charges by other traders that the companies, Arcadia trader Nicholas Wildgoose and Parnon trader James Dyer violated federal antitrust and commodities laws by using futures and options to benefit from an artificial crude oil shortage they created at a key hub in Cushing, Oklahoma.

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