Energy Update
It used to be that a $3 million deal for 25,000 barrels of Gulf Coast gasoline happened almost every trading day.
* Genscape cites another big U.S.
HOUSTON, March 12 (Reuters) - The United Steelworkers union and oil companies have reached a tentative deal to end the largest U.S. refinery strike in 35 years, sources familiar with the negotiations for a new labor accord said on Thursday.
In an effort to support U.S. President Obama’s “all of the above” energy strategy, today the DOE released a report focused on the wind industry and how it could provide up to 35 percent of the nations energy by 2050.
BRUSSELS, March 12 (Reuters) - European Union leaders are unlikely to tighten sanctions on Russia when they meet next week but will haggle over whether they need to act now to prolong economic sanctions on Russia expiring in July, diplomats said on Thursday.
Platts editors shed some light on what impact recent changes in Suezmax and VLCC freight rates have had on the WAF crude oil market.
East Africa's nascent oil sector could be about to take some significant strides forward as several countries in the region make developing regional oil infrastructure a strategic priority.
LONDON, March 12 (Reuters) - UK shares rose on Thursday, led by domestic bank TSB after it received a takeover offer, and by drugs group AstraZeneca on optimism about key trial results.
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