Energy Update
Is the Obama administration moving away from the conventional thinking on future reserves of US crude?
(Thu, 25 Jun 2015) Increased refinery runs?based on increases in both capacity and utilization?have helped accommodate increases in U.S. crude oil production. The United States' capacity to refine crude oil into petroleum products?measured as operable atmospheric crude distillation unit capacity?increased by 0.2% in 2014, reaching 18.0 million barrels per calendar day, according to EIA's recently released annual Refinery Capacity Report.
--Clyde Russell is a Reuters columnist.
NEW YORK, June 25 (Reuters) - Two big trades in oil options worth nearly $60 million last week boosted volatility in that market and revived speculation among traders that U.S. producers are placing hedges to guard against another price rout this fall.
ANCHORAGE, Alaska, June 24 (Reuters) - A 5.8 magnitude earthquake hit Alaska about 75 miles (121 km) northwest of Anchorage on Wednesday at a depth of 71 miles (115 km), the U.S.
LONDON, June 25 (Reuters) - Business chiefs from companies including BT, easyJet and a local cider maker called on Prime Minister David Cameron to keep Britain in the European Union as he prepared to ask EU leaders for a new deal.
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