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Latest Oil Headlines : Platts.com

• Pickens praises Obama, urges action on reducing foreign oil use
  Houston (Platts) -- 6Jan2009 -- Legendary energy investor T. Boone Pickens unveiled his eponymous energy plan in July, when gasoline cost $4/gallon, alternative energy was a hot topic in the presidential campaign and the global financial...
• Obama pledges to eliminate earmarks in economic recovery package
  Washington (Platts) -- 6Jan2009 -- President-elect Barack Obama pledged Tuesday that he will not allow lawmakers to insert any "earmarks," or Congressional pet projects, into his massive economic recovery package proposal. Renewable...
• Weak carbon black demand contributes to USGC slurry glut: sources
  Houston (Platts) -- 6Jan2009 -- The supply of slurry oil in the US Gulf Coast has increased significantly in recent weeks amid weak carbon black demand and stronger fluid catalytic cracker output at US refineries, market sources said...
• NYMEX crude climbs on ongoing row between Ukraine, Gazprom
  New York (Platts) -- 6Jan2009 -- NYMEX February crude futures on CME's Globex system were $1.36/barrel higher at $50.17/b Tuesday as the ongoing row between Russia's Gazprom and Ukraine has reduced gas supply to Europe and caused gasoil...
• Suez Canal ship traffic falls around 50% in December: source
  London (Platts) -- 6Jan2009 -- The amount of shipping passing through the Suez Canal has fallen between 35-50% in December compared to the previous month and the year-ago month, a shipping source said Tuesday. "There's a big reduction...