Wed, 29/09/2010 - 04:07 by harsheeb
Washington-- Predictions this summer of oil-fouled beaches across Florida and all the way up the East Coast from the Gulf of Mexico oil spill got it wrong, scientists say.
National Center for Atmospheric Research scientist Synte Peacock said that as of Friday there have been no reports of oil or residue from the spill anywhere along the East Coast, USA Today reported.
A June 2 NCAR press release said oil was "likely to reach Florida's Atlantic coast within weeks. It can then move north as far as about Cape Hatteras, N.C., with the Gulf Stream."
So where's the oil on the East Coast?
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Tue, 28/09/2010 - 09:46 by harsheeb
Washington -- Crude oil prices, following a rise in Asian markets, bumped above $77 on the New York Mercantile Exchange early Monday before losing ground by day's end.
November delivery light, sweet crude initially jumped to $77.05 per barrel before falling back to $76.52 for a 3-cent gain on the day.
"The underlying situation is that fundamentals are still bearish," Darin Newsom, a senior analyst with DTN Telvent in Omaha, Neb., told Marketwatch. "There's just this lack of commercial support in the market ... . We anticipate the market will still be under pressure."
Heating oil prices dropped 0.0049 cents to $2.1179 per gallon. Reformulated gasoline blendstock gained 4 cents to $1.95 per gallon.
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Tue, 28/09/2010 - 09:38 by harsheeb
Washington -- Crude oil prices, following a rise in Asian markets, bumped above $77 on the New York Mercantile Exchange early Monday before losing ground by day's end.
November delivery light, sweet crude initially jumped to $77.05 per barrel before falling back to $76.52 for a 3-cent gain on the day.
"The underlying situation is that fundamentals are still bearish," Darin Newsom, a senior analyst with DTN Telvent in Omaha, Neb., told Marketwatch. "There's just this lack of commercial support in the market ... . We anticipate the market will still be under pressure."
Heating oil prices dropped 0.0049 cents to $2.1179 per gallon. Reformulated gasoline blendstock gained 4 cents to $1.95 per gallon.
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Mon, 27/09/2010 - 21:40 by harsheeb
Washington -- Crude oil prices rose above $77 on the New York Mercantile Exchange Monday morning as stock markets moved higher in Asia.
November delivery light, sweet crude added 56 cents from a prior settlement to $77.05 per barrel. Heating oil prices dropped 0.0029 cents to $2.147 per gallon.
Reformulated gasoline blendstock gained 0.0033 cents to $1.9437 per gallon.
Henry Hub natural gas pries shed 0.079 cents to $3.93 per million British thermal units.
At the pump, the national average price of unleaded gasoline was $2.694 per gallon, down from Sunday's $2.70, AAA said.
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Sun, 26/09/2010 - 16:31 by Jamie Anderson
Kenneth Feinberg, administrator of the fund set up to help victims of the Gulf of Mexico oil spill, has promised to expedite the process of payments to the affected.
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Sun, 26/09/2010 - 12:20 by Surojit Chatterjee
Brazilian energy giant Petroleo Brasileiro SA, better known as Petrobras (NYSE: PBR) , shattered previous share-sale records by raising nearly $70 billion from a share sale, proving wrong the critics who had warned that the company's offering would not draw investors because of high government influence, wrong. |
Sat, 25/09/2010 - 07:11 by harsheeb
New York -- Crude oil prices climbed to more than $76 per barrel after the dollar returned to a recent downward trend, the dollar index dropping 0.95 percent Friday.
After 13 days of declines, the dollar index rose Thursday, up 0.35 percent. But the upswing lasted just one day.
Equities also soared on Wall Street, the Dow Jones industrial average closing 2.4 percent higher for the week, suggesting demand is holding up.
November delivery light, sweet crude added $1.32 on the New York Mercantile Exchange to $76.50 per barrel. Heating oil prices added 0.0137 cents Friday to $2.1472 per gallon. Reformulated gasoline blendstock added 0.0276 cents to $1.9405 per gallon. Henry Hub heating oil prices lost 0.136 cents to $3.883 per million British thermal units.
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Fri, 24/09/2010 - 07:38 by harsheeb
New York-- An independent measure of oil released into the Gulf of Mexico during the BP well disaster made use of a new imaging method, researchers said.
Scientists at Columbia University used a new technique to analyze underwater video of the leaking well riser to determine it leaked some 56,000 to 68,000 barrels daily -- maybe more -- until the first effective cap was installed July 15, a university release says.
Their estimate of the amount of oil that escaped into the open ocean is about 4.4 million barrels -- close to the most recent consensus of government advisers, whose methods have not been detailed publicly.
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Fri, 24/09/2010 - 07:19 by harsheeb
Reno -- An experiment to transform wastewater sludge into electrical power is being successfully tested at a Nevada wastewater treatment plant, researchers say.
University of Nevada, Reno, researchers say the immediate goal is producing enough power on site to meet the plant's electrical needs, a university release said.
"We are very pleased with the results of the demonstration testing of our research," Chuck Coronella, UNR associate professor of chemical engineering, said.
"The process to dry the sludge to make it burnable for a gasification process, which could then be transformed into electricity, is working very well.
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Fri, 24/09/2010 - 04:00 by harsheeb
Beckley -- U.S. coalmining giant Massey Energy Co. asked a judge to stop investigators from forcing its employees to answer questions about a blast that killed 29 miners.
Massey of Richmond, Va., argued in a filing before Raleigh County, W.Va., Circuit Court the U.S. Mine Safety and Health Administration used the state Office of Miners' Health Safety and Training -- which is jointly investigating the April 5 Upper Big Branch mine explosion in Montcoal, W.Va., the worst U.S. mine disaster since 1970 -- to broaden its narrow subpoena power.
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Fri, 24/09/2010 - 03:39 by harsheeb
New York-- Crude oil prices rose to close to $75 per barrel Thursday, recovering lost ground while the U.S. dollar index rose 0.35 percent after a 13-day slide.
Oil prices have also mirrored stock markets, which were mixed in Asia but lower in Europe and on Wall Street.
November delivery light, sweet crude on the New York Mercantile Exchange added 22 cents from a recent settlement to $74.93 per barrel. Heating oil prices gained 0.0026 cents to $2.1276 per gallon. Reformulated gasoline prices rose 0.0087 cents to $1.91 per gallon. Natural gas prices added 0.063 cents to $4.029 per million British thermal units.
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Thu, 23/09/2010 - 19:40 by harsheeb
New York -- Crude oil prices shimmied under $74 per barrel Thursday while the U.S. dollar index rose 0.24 percent after a 13-day slide.
Oil prices have also mirrored stock markets, which were mixed in Asia, but lower in Europe in midday trading.
Overnight, November delivery light, sweet crude on the New York Mercantile Exchange dropped 89 cents to $73.82 per barrel. Heating oil prices lost 0.0266 cents to $2.0984 per gallon. Reformulated gasoline prices lost 0.0258 cents to $1.8755 per gallon. Natural gas prices added 0.047 cents to $4.013 per million British thermal units.
At the pump, the national average price of unleaded gasoline dropped a half cent from Wednesday's $2.72 per gallon to $2.715, AAA said.
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