http://www.oilintel.com Real time news on the oil industry, energy markets, spot prices, gasoline, natural gas and petroleum. us-en Thu, 02 Jul 2009 23:48:03 -0500 Thu, 02 Jul 2009 16:42:00 -0500 CFWebtools.com http://blogs.law.harvard.edu/tech/rss editor@oilintel.com jason@cfwebtools.com http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8746 July 2 2009 4:42 PM ET The NYMEX August crude, RBOB gasoline and heating oil contracts all ended the day below yesterday's settles. The market reacted to a worse than expected government jobs report for June that cut payroll by 467,000 and unemploym... [More] Energy News Thu, 02 Jul 2009 16:42:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8746 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8745 July 2, 2009 2:39 PM ET The offices of Oilintel.com will be closed on Friday, July 3, due to the July 4th holiday. Energy News Thu, 02 Jul 2009 14:39:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8745 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8744 July 2, 2009 11:15 AM ET The August NYMEX crude and August RBOB gasoline and heating oil contracts all remain well into negative territory as market participants continue to liquidate long positions, with some traders now taking positions on the sho... [More] Energy News Thu, 02 Jul 2009 11:15:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8744 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8743 July 2, 2009 8:32 AM ET The August NYMEX crude, RBOB gasoline and heating oil contracts heating oil are called to open below Tuesday's settles as many market participants (mostly those that have been pressing for ever higher price) appear to be liq... [More] Energy News Thu, 02 Jul 2009 08:32:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8743 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8742 July 2, 2009 6:39 AM ET The price of the OPEC basket of thirteen crudes stood at $69.26 per barrel on Wednesday, down $0.30 from Tuesday, June 30, according to OPEC Secretariat calculations. The basket of OPEC crude grades is made up of the followin... [More] Energy News Thu, 02 Jul 2009 06:39:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8742 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8741 July 1 2009 3:35 PM ET The NYMEX August crude, RBOB gasoline and heating oil contracts, all ended the day below yesterday's settles. It was another volatile session as it rallied overnight due to evening's API data that revealed a very unexpected d... [More] Energy News Wed, 01 Jul 2009 15:35:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8741 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8740 July 1, 2009 11:50 AM ET The August NYMEX crude and August RBOB gasoline and heating oil contracts all moved lower after the EIA released its weekly data this morning. The pull drop from highs set earlier was due to the EIA inventory data that we ... [More] Energy News Wed, 01 Jul 2009 11:50:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8740 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8739 July 1, 2009 8:20 AM ET The August NYMEX crude, RBOB gasoline and heating oil contracts heating oil are called to open above Tuesday's settles as many market participants have covered short-positions set yesterday. We believe the short-covering is ... [More] Energy News Wed, 01 Jul 2009 08:20:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8739 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8737 July 1, 2009 7:54 AM ET In response to the action taken yesterday by the Environmental Protection Agency to allow California and 13 other states to implement their own fuel economy and greenhouse gas program, John McEleney, chairman of the National ... [More] Energy News Wed, 01 Jul 2009 07:54:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8737 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8735 July 1, 2009 6:55 AM ET The price of the OPEC basket of thirteen crudes stood at $69.83 per barrel on Tuesday, up $0.40 from Monday, June 29, according to OPEC Secretariat calculations. The basket of OPEC crude grades is made up of the following: Sa... [More] Energy News Wed, 01 Jul 2009 06:55:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8735 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8734 July 1, 2009 6:54 AM ET This one is going to create a little controversy, especially in the Arab-American community. Michael D'Antuono, the artist who created an uproar with his controversial painting "The Truth" on President Obama's 100th day in... [More] Energy News Wed, 01 Jul 2009 06:54:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8734 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8732 July 1, 2009 6:34 AM ET The U.S. Department of Energy has approved 16 State Energy Program spending plans authorized as part of the federal economic stimulus package signed into law in February. With the approval of these plans, 16 of the nation's S... [More] Energy News Wed, 01 Jul 2009 06:34:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8732 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8731 July 1, 2009 6:24 AM ET The Conference Board Consumer Confidence Index(TM), which had improved considerably in May, retreated in June. The Index now stands at 49.3 (1985=100), down from 54.8 in May. The Present Situation Index decreased to 24.8 from... [More] Energy News Wed, 01 Jul 2009 06:24:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8731 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8730 July 1, 2009 6:22 AM ET The Saudi Arabian Oil Company (Saudi Aramco) and ConocoPhillips (NYSE:COP) announced the re-launch of the bidding process for the construction of the planned 400,000 barrel-per-day export refinery at the Yanbu Industrial City... [More] Energy News Wed, 01 Jul 2009 06:22:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8730 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8728 July 1, 2009 6:15 AM ET Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that Plantation Pipe Line Company is the first pipeline company in the United States to transport biodiesel for commercial purposes. Plantation completed the fir... [More] Energy News Wed, 01 Jul 2009 06:15:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8728 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8726 July 1, 2009 6:15 AM ET EPA is granting California's waiver request enabling the state to enforce its greenhouse gas emissions standards for new motor vehicles, beginning with the current model year. Using the law and science as its guide, EPA has t... [More] Energy News Wed, 01 Jul 2009 06:15:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8726 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8727 July 1, 2009 6:13 AM ET Southern California Edison (SCE), the nation's leading utility for renewable energy, has launched its annual call for more renewable contracts. Proposals for all renewable technologies in all locations are welcome. The utilit... [More] Energy News Wed, 01 Jul 2009 06:13:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8727 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8724 July 1, 2009 6:08 AM ET For the second time in two months, Reliant Energy is lowering prices for current residential customers on month-to-month flex plans. Following this reduction, prices for many will have been reduced by as much as 20 percent si... [More] Energy News Wed, 01 Jul 2009 06:08:00 -0500 http://www.oilintel.com/newshome.cfm?action=showstory&news_id=8724