Crude Oil Headlines

  • Nebraska clears path for Keystone XL pipeline, in boost for Trump

    LINCOLN, Neb./CALGARY, Alberta (Reuters) - Nebraska regulators approved a route for TransCanada Corp's Keystone XL pipeline through the state on Monday, lifting the last big regulatory obstacle for the long-delayed project that U.S. President Donald Trump wants built.

    www.reuters.com
  • Lebanon's Hezbollah denies sending weapons to Yemen

    BEIRUT (Reuters) - The leader of Lebanon's Hezbollah said on Monday his Iran-backed group had not sent any weapons to Yemen and categorically denied that it was behind the firing of a ballistic missile that was launched at Riyadh from territory held by Yemeni Houthi rebels.

    in.reuters.com
  • In win for Trump, Nebraska approves Keystone XL pipeline route

    LINCOLN, Nebraska/CALGARY, Alberta (Reuters) - Nebraska regulators approved a route for TransCanada Corp's Keystone XL pipeline through the state on Monday, lifting the last big regulatory obstacle for the long-delayed project that U.S. President Donald Trump wants built.

    www.reuters.com
  • Nebraska Regulators Approve Keystone Pipeline Route Days After South Dakota Leak, Shutdown

    TransCanada received its final required pipeline route approval, winning Nebraska’s permission to build its long-delayed Keystone XL crude oil pipeline across the state... just days after a 5,000 barrel spill in South Dakota shut the pipeline. The decision will almost certainly be challenged in court. Just a few short days after 210,000 gallons of crude oil spilled in South Dakota, Bloomberg reports that Nebraska's Public Service Commission voted three to two Monday, removing one of the last...

    @zerohedge
  • Nebraska regulators approve Keystone XL pipeline route: panel vote

    LINCOLN, Nebraska (Reuters) - Nebraska regulators voted their approval on Monday for TransCanada Corp’s Keystone XL pipeline route through the state, lifting the last big regulatory obstacle for the long-delayed project that U.S. President Donald Trump wants built.

    www.reuters.com
  • Nebraska to decide fate of controversial Keystone XL pipeline

    LINCOLN, Nebraska/WASHINGTON (Reuters) - Nebraska regulators will announce their decision on Monday on whether to approve TransCanada Corp’s Keystone XL pipeline route through the state, the last big hurdle for the long-delayed project.

    www.reuters.com
  • The Coming Economic Downturn In Canada

    Authored by Deb Shaw via MarketsNow.com, Canadian GDP growth has outperformed this year, helping the Canadian dollar As GDP growth slows and the Bank of Canada turns neutral, catalysts turning negative Crude oil and real estate look set for a downturn, with negative implications for the currency Given its natural resource-based economy, Canada is a boom and bust kind of place. This year, the country has enjoyed a significant boom. Thanks to a government stimulus program, rising corporate...

    @zerohedge
  • Keystone pipeline spill pushes oil higher, fuels TransCanada opponents

    CALGARY, Alberta/LINCOLN, Neb. (Reuters) - A major oil spill on the Keystone pipeline in South Dakota helped push U.S. crude prices higher on Friday, while fueling opposition to another pipeline project by owner TransCanada Corp that faces a crunch decision in Nebraska next week.

    www.reuters.com
  • TransCanada's Keystone pipeline shut after 5,000-barrel leak in U.S.

    TransCanada Corphas shut part of its Keystone pipeline after 5,000barrels of oil leaked in Amherst, South Dakota, the company saidon Thursday, four days before the state of Nebraska is due todecide on an expansion of the system.

    U.S.
  • Goldman Reveals Its Top Trade Recommendations For 2018

    It's that time of the year again when with just a few weeks left in the year, Goldman unveils its top trade recommendations for the year ahead. And while Goldman's Top trades for 2016 was an abysmal disaster, with the bank getting stopped out with a loss on virtually all trade recos within weeks after the infamous China crash in early 2016, its 2017 "top trade" recos did far better. Which brings us to Thursday morning, when Goldman presented the first seven of its recommended Top Trades for 2018...

    @zerohedge
  • Record number of Americans forecast to travel over Thanksgiving weekend: AAA

    (Reuters) - Travelers will hit the roads, rails and skies this Thanksgiving holiday in their largest numbers in more than a decade, lured by cheap plane tickets and a growing economy, the nation's largest motor advocacy group said.

    U.S.
  • Keystone XL opponents make last-gasp effort in Nebraska

    LINCOLN, Nebraska/WASHINGTON (Reuters) - Opponents of TransCanada's Keystone XL pipeline have launched a last-minute public relations blitz before Nebraska regulators weigh in on its route next week in the last big regulatory hurdle for the long-delayed project.

    U.S.
  • Global Stocks Tumble, Asia Plunges On Chinese Commodity Carnage

    The euphoria of the past month has ended with a thud and BTFDers are strangely missing as the commodity chill out of China (which overnight became full blown carnage), has unleashed a global risk-off phase ahead of today's critical CPI data, resulting in broad and sharp selling across global markets, as European stocks followed declines in Asia while bonds and gold advanced. The equity retreat, which spread to U.S. stock futures, started with last night's sharp puke in Chinese commodities. As...

    @zerohedge
  • Asian stocks slip as oil woes sap sentiment, euro stands tall

    TOKYO (Reuters) - Asian stocks slipped on Wednesday after weaker crude oil prices took a toll on Wall Street, while the euro kept big gains after enjoying a boost from robust German economic growth.

    U.S.
  • Oil seen as real prize of Iran's Kurdish adventure

    After helping Iraq stifle a Kurdish push for independence, Iran is now positioning itself to take control of oil exports from the region's giant Kirkuk field, with the first deliveries expected within days, officials and trading sources said.

    U.S.
  • IEA Pours Cold Water On OPEC Optimism, Warns Global Oil Demand Shrinking

    Pouring cold water on yesterday's optimistic demand forecast projected by OPEC, which projected global crude demand growth to rise by 1.5mm b/d in 2018, this morning the International Energy Agency warned that the crude oil price rally could be short-lived because, contrary to OPEC's expectations, global oil demand will be weaker than expected this year and next. In its closely watched monthly oil report, the IEA cut its crude demand growth outlook by 100,000 barrels a day for 2017 and 2018, as...

    @zerohedge
  • The Bitcoin Hard Fork—A Tiger by the Tail

    It did not happen. The bitcoin hard fork scheduled for block number 494,784 that was agreed to at the Consensus meeting in May that was to be enacted in mid-November has been cancelled.  Mike Belshe, CEO of BitGo, stated, “we have not built sufficient consensus for a clean block size upgrade at this time.” SegWit2X, as the upgrade was to be known, would have doubled the bitcoin block size from one megabyte to two and removed the signature data now processed with each transaction. With the...

    @zerohedge
  • Hydrogen could deliver one fifth of world carbon cuts by 2050

    BONN, Germany (Reuters) - Increasing the use of hydrogen in power, transport, heat and industry could deliver around one fifth of the total carbon emissions cuts needed to limit global warming to safe levels by mid-century, a report by the Hydrogen Council said on Monday.

    IN
  • OPEC points to larger 2018 oil supply deficit as market tightens

    LONDON (Reuters) - OPEC raised its forecast on Monday for demand for its oil in 2018 and said its deal with other producers to cut output was reducing excess oil in storage, potentially pushing the global market into a larger deficit next year.

    U.S.
  • OPEC Reports 151Kbpd Drop In October Crude Output; Raises Demand Forecast For 2018

    True to its perpetually optimistic form, OPEC, which only last week for the first time conceded the threat posed by rising US shale production... ... sharply raised its demand forecast for cartel oil in 2018, ahead of a key meeting of the group’s ministers later this month. According to OPEC's monthly market report, the oil exporters said the forecast demand for its oil next year had been increased by around 400,000 barrels a day from the previous month to 33.4mmbpd, about 0.46mmbpd higher than...

    @zerohedge
  • "This Is A Dangerous Iranian Escalation": Bahrain Blames Pipeline Explosion On Iran, Terrorists

    There was something odd about Friday's night's explosion of an oil pipeline belonging to Bahrain's state-run oil company BAPCO, which local authorities initially said was the result of an accident: as we said, the giant fireball had all the hallmarks of either sabotage or a terrorist event, the only question is whether it was real or staged, and who would ultimately be blamed for it.   This video circulating on social media shows an #oil pipeline explosion in Bahrain. It look Nms Bahrain to...

    @zerohedge
  • Bahrain calls pipeline blast "terrorism" linked to Iran

    KHOBAR, Saudi Arabia (Reuters) - Bahrain said an explosion which caused a fire at its main oil pipeline on Friday was caused by "terrorist" sabotage, linking the unprecedented attack to its arch-foe Iran, which denies any role in the Gulf island kingdom's unrest.

    IN
  • Bahrain calls pipeline blast 'terrorism' linked to Iran

    KHOBAR, Saudi Arabia (Reuters) - Bahrain said an explosion which caused a fire at its main oil pipeline on Friday was caused by "terrorist" sabotage, linking the unprecedented attack to its arch-foe Iran, which denies any role in the Gulf island kingdom's unrest.

    U.S.
  • Blast causes fire in oil pipeline in Bahrain, says ministry

    (Reuters) - An explosion caused a fire in an oil pipeline in Bahrain on Friday, but there were no casualties, the Interior Ministry said.

    IN