Cushing Newswire

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Results 1 - 20 of 82 for "u:reuters.com" in Cushing, OK

  1. Press Digest - Wall Street Journal - March 6Read the original story

    20 hrs ago | Reuters

    The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

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  2. U.S. oil rises, Brent pares losses on Iran newsRead the original story w/Photo

    Wednesday | Reuters

    U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles. Comments from Saudi Arabia's oil minister that prices ought to stabilize from the selloff of recent months also helped put a floor under prices, dealers said.

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  3. UPDATE 6-Brent below $60 on US crude build, Saudi sees recoveryRead the original story

    Wednesday Mar 4 | Reuters

    Brent crude oil extended losses to fall below $60 a barrel on Wednesday after a much larger-than-expected build in U.S. crude stocks, while Saudi Arabia's oil minister said he expected the market to balance itself and prices to recover. The U.S. Energy Information Administration said U.S. crude stocks jumped by 10.3 million barrels last week, more than double the amount predicted by analysts and the eighth weekly rise in succession.

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  4. UPDATE 1-Western Refining beats estimate as refining margins soarRead the original story

    Thursday Feb 26 | Reuters

    Western Refining Inc reported a better-than-expected adjusted quarterly profit on Thursday as lower crude oil prices helped improve refining margins. Growing output from the Permian Basin in Texas and New Mexico, where Western's refineries are located, has combined with inadequate pipeline infrastructure to create a glut and suppress crude prices in the region, boosting the company's refining margins.

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  5. RPT-UPDATE 10-Brent crude up 5 pct as Saudi sees improved demand for oilRead the original story

    Wednesday Feb 25 | Reuters

    Brent crude oil futures surged 5 percent on Wednesday, after Saudi Arabia's oil minister said oil demand was growing and data showed Chinese factories were producing more than expected. Falling refined products inventories reported by the government helped lift U.S. crude and countered data showing a larger-than-expected U.S. crude inventory build.

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  6. UPDATE 8-Oil rises above $59 as Saudis say demand growingRead the original story

    Wednesday Feb 25 | Reuters

    Brent crude oil rose above $59 a barrel on Wednesday after data showed Chinese factories were producing more than expected and Saudi Arabia's oil minister said oil demand was growing. Gains were capped, however, by data from the U.S. Energy Information Administration showing U.S. crude stocks rose 8.4 million barrels last week to a record level, including a 2.4 million barrel rise at Cushing, Oklahoma, delivery point of the U.S. crude oil contract.

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  7. Oil turns lower on expectations of crude oil inventory riseRead the original story w/Photo

    Tuesday Feb 24 | Reuters

    Crude oil futures fell on Tuesday as expectations that this week's reports will show U.S. crude inventories rose again countered supportive news of Libyan oilfields being shut. Prices faltered after being lifted by news the Sarir and nearby oilfields in Libya were shut by a power cut, dealing another blow to exports from the embattled OPEC member.

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  8. As U.S. oil tanks swell at record rate, traders ask: for how long?Read the original story

    Thursday Feb 12 | Reuters

    Oil is flooding into U.S. storage tanks at an unprecedented rate, leading traders to wonder how long the hub in Cushing, Oklahoma, can keep absorbing its share of the global supply glut. About half the surplus crude accumulating in tanks across the United States is flowing into Cushing.

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  9. India Morning Call-Global MarketsRead the original story

    Thursday Feb 12 | Reuters

    U.S. stocks ended sharply higher on Thursday, with a rally in technology stocks leading the Nasdaq to a 15-year high, while a ceasefire agreement between Russia and Ukraine also eased tensions. The day's gains were broad, with eight of the 10 primary S&P 500 sectors rising, and the S&P information technology sector rose 1.6 percent in its third straight daily advance.

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  10. UPDATE 1-Record Cushing crude build curbs U.S. oil futures' gainsRead the original story

    Thursday Feb 12 | Reuters

    Crude oil stockpiles at the Cushing, Oklahoma, delivery point rose by a record 3.2 million barrels since last Friday, according to oil services firm Genscape on Thursday, curbing U.S. crude oil futures' gains. Traders said Genscape reported stockpiles grew by a larger-than-expected 3.2 million barrels in the four days between Feb. 6 and Feb. 10 to 47.4 million barrels at the delivery point for U.S. crude futures.

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  11. UPDATE 10-Oil up over 4 pct on Libya raid, China easing; volatility seenRead the original story

    Thursday Feb 5 | Reuters

    Crude prices closed up more than 4 percent on Thursday as rising violence in producer Libya and an expected boost in oil demand from China's central bank easing helped the market rebound from a sharp rout in the previous session. Traders and analysts said they expect crude's rollercoaster ride which began last Friday to continue as it tries to find a bottom to a seven-month selloff that took prices near six-year lows.

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  12. Clock starts ticking on $5.3 bln tax break for North Dakota oilRead the original story

    Thursday Feb 5 | Reuters

    Tumbling crude oil prices have started the clock ticking on a potential $5.3 billion, two-year tax break for North Dakota's oil producers. The countdown, which started this week, holds the promise of a silver lining of sorts for oil producers and their contractors in the No.

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  13. UPDATE 1-Higher bitumen sales help MEG Energy post operating profitRead the original story

    Thursday Feb 5 | Reuters

    Canadian oil sands producer MEG Energy Corp reported a fourth-quarter operating profit, compared with a loss a year earlier, helped by an increase in bitumen sales and lower costs. MEG's results were also helped by a 32 percent rise in average bitumen realization to C$50.48 per barrel.

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  14. UPDATE 7-Oil rises on short covering but supply worries loomRead the original story

    Jan 29, 2015 | Reuters

    Global oil prices firmed slightly on Thursday but not before U.S. crude hit a near six-year low and benchmark Brent pared gains on data showing fresh additions to already record-high U.S. oil inventories. Oil prices had risen broadly earlier in the day after preliminary U.S. data showed weekly jobless claims at a near 15-year low, indicating further strength in the world's largest economy.

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  15. Global Markets-Stocks ease on earnings outlook, Greece worriesRead the original story

    Jan 29, 2015 | Reuters

    Global equity markets eased on Thursday, slipping over Greek concerns and a mixed earnings season so far, but Wall Street rebounded in a late surge and U.S. government bond yields rose on fresh signs of a strong American labor market. Major Wall Street indices reversed early losses to rally as Apple Inc and Boeing Co extended gains fueled by strong earnings reports earlier this week.

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  16. Canada FX Debt-C$ eases moderately after data and as bank policies weighRead the original story

    Jan 23, 2015 | Reuters

    U.S. crude prices , an influential driver for the oil-sensitive Canadian dollar, also fell on data that showed U.S. crude stockpiles in Cushing, Oklahoma, rose 2.7 million barrels in the week ending Tuesday and reports of a partial shutdown at a BP oil refinery in Whiting, Indiana. Canada is a significant crude exporter.

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  17. UPDATE 11-Brent closes up, U.S. crude down after Saudi king diesRead the original story

    Jan 23, 2015 | Reuters

    Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply. Saudi Arabia's new king, Salman, who took the throne on Friday morning after the death of his brother Abdullah, is expected to continue OPEC's policy of keeping oil output steady to protect market share.

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  18. UPDATE 2-Kinder Morgan entering Bakken with $3 billion dealRead the original story

    Jan 21, 2015 | Reuters

    Leading U.S. pipeline Kinder Morgan Inc said on Wednesday it will enter North Dakota's Bakken shale with a $3 billion acquisition of Hiland Partners, a pipeline and logistics company founded by Continental Resources Chief Executive Officer Harold Hamm. The deal includes acreage in the Bakken's top producing counties from which Kinder expects substantial oil output despite crude prices that have fallen by more than half since June.

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  19. Kinder Morgan to buy Hiland Partners for $3 billionRead the original story w/Photo

    Jan 21, 2015 | Reuters

    Hiland Partners builds and operates oil gathering and transportation pipelines and natural gas gathering and processing systems primarily in the Bakken shale oilfields in North Dakota and Montana. Hiland's customers include Continental and Hess Corp Pony Express pipeline in Wyoming.

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  20. UPDATE 1-Plains says crude on Texas, New Mexico pipeline getting too lightRead the original story

    Jan 16, 2015 | Reuters

    Plains All American's told shippers on Friday that crude moving through its West Texas and New Mexico pipeline systems is surpassing pressure limits, according to a notice reviewed by Reuters. It was the latest sign of how pipeline companies are struggling with higher volumes of very light crude from domestic shale plays when refiners have a limited appetite for it.

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