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Surging Middle East oil increases tanker rates

The oil-refining wave in the Middle East is filling tankers to export the region’s processed fuels and driving freight rates to the highest for the time of year since 2008.  More »

Gasoline futures surge, crude prices decline

Gasoline futures gained 5.42 cents, or 2 percent, to end at $2.718 a gallon on the New York Mercantile Exchange.  More »

Crude advances after inventories drop to 8-month low

Oil for November delivery gained $1.24 to end at $92.80 a barrel.  More »

Suncor looks east to find buyers for Western Canada crude

Suncor Energy Inc., the largest Canadian oil company by market capitalization, loaded its first tanker of heavy crude out of Canada’s eastern coast this week  More »

Oil rises on Chinese manufacturing numbers

Crude for November delivery rose 69 cents to $91.56 a barrel on the New York Mercantile Exchange.  More »

OPEC yet to decide on supply cuts as crude prices extend retreat

OPEC has yet to decide to cut its production target, the United Arab Emirates’ energy minister said, as crude prices extend a slide since June amid a boom in U.S. shale oil and signs of slower demand growth in China.  More »

Coal mogul Murray says more bankruptcies possible

The CEO of Murray Energy Corp. targeted environmental regulation for the coal industry’s woes in his stump speech at an industry conference in Pittsburgh on Monday.  More »

U.S. crude falls for third day on dollar strength

Oil for October delivery dropped 66 cents to end at $92.41 on the New York Mercantile Exchange.  More »

Drillers can return to fight oil slump after Scotland’s ‘No’

After the failure of a referendum on Scottish independence, Shell and BP say they’ll continue working to combat an energy slump in the United Kingdom.  More »

Bakken Shale speculator is charged with arranging murders

Federal prosecutors have accused the owner of a fracking venture of plotting the shooting death of his partner.  More »

Libya halts biggest oilfield amid rebel attacks

The disruption “serves as a reminder that despite recovering export rates and the National Oil Corp.’s reassurances of stable supplies, the country remains in a state of civil war, where anything can happen,” Andrey Kryuchenkov, an analyst at VTB Capital in London, said.  More »

Oil rises on prospect of OPEC output cut

Oil for October delivery rose $1.96 to $94.88 a barrel.  More »