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ENERGY MARKETS REPORT INCLUDING: Iran wants to sell oil to EgyptSeptember 06 2012, 11:48am
WTI crude futures traded higher overnight and during early European trade as riskier assets benefit from optimism ahead of the well anticipated ECB press conference at 1330BST (0730CDT).
Oil & Gas News
New power supply problems brought a temporary halt to Philips 66's attempt to restart its 247,000 BPD refinery in Alliance, Louisiana, the hardest hit of six plants shut by hurricane Isaac.
Veteran Iraqi oilmen have moved north to autonomous Kurdistan to help build a strategic refinery that will meet the region's need for fuel.
According to Iran's governor, Iran wants to sell oil to Egypt, days after Egypt said it had no objection to importing crude from the state.
ConocoPhillips' Boreas-1 exploration well in western Australia's Browse basin has hit its primary reservoir target.
TransCanada has submitted an application to re-route its controversial Keystone XL pipeline around a sensitive environmental region in Nebraska, as politicians on both sides of the political divide said they expected the project to eventually be approved.
According to Weather Derivatives, temperatures in the US are to be 0.2% lower over the next 6-10 days with particularly cool weather in the North-west region. Using data accurate as of the 5th September.
Hurricane Leslie is creeping northward with no change in strength. Leslie is located about 440miles SSE of Bermuda, and is a category one hurricane, with gradual strengthening is forecast during the next 48 hours