US panel to back oil inventories rethink
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A US government advisory panel is to recommend a revision to the minimum level of crude inventories required to ensure adequate supplies of crude oil to the nation&#39;s refiners to produce gasoline
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The US government is to let oil refineries borrow crude from its emergency stockpile to make up for supplies disrupted by Hurricane Ivan.
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The Bush administration announced Thursday it would provide US refineries with &quot;limited quantities&quot; of crude oil from the nation&#39;s emergency stockpile to help offset supply
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US crude oil inventories fell over the past week, but stockpiles of refined fuels showed surprising gains, the Department of Energy reported.
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The Bush administration announced Thursday it would provide US refineries with ``limited quantities&#39;&#39; of crude oil from the nation&#39;s emergency stockpile to help offset supply
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The chairman of the Senate Foreign Relations Committee wants to know what contingency plans the United States has in place to counter a disruption in crude oil and petroleum product imports from Venezuela.
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Oil prices inched closer to $50 a barrel Thursday even as the Bush administration considered tapping the nation&#39;s emergency stockpile of crude on behalf of refiners whose supply was disrupted by Hurricane Ivan.
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A senior US Federal Reserve official said Thursday the recent spike in oil prices would almost certainly impact on the US economy, although it may not be as significant as the shocks of the 1970s and 1980s.
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A House subcommittee investigating the United Nations oil-for-food program expanded its inquiry on Tuesday to the Bush administration&#39;s postwar stewardship of Iraq&#39;s oil money.
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Crude oil futures may decline next week on speculation the US is importing enough to boost inventories, easing concern about a shortage of winter fuel, according to a Bloomberg survey.
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This year's oil price surge will not be a replay of the oil shocks of the 1970s and 1980s that sent the United States into a series of recessions, Federal Reserve Chairman Alan Greenspan said Friday.
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Mounting concerns over a U.S. recession have obscured the demand outlook for OPEC's oil this year, the producer group said on Tuesday, dimming the prospect of an increase in supplies at its meeting next week.
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Analysts say OPEC could cut of oil production quota on Fridayâs meeting if US oil prices keep sliding. LONDON - Oil prices rebounded Monday after falling sharply last week on receding supply worries, buoyed
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Oil supplies may fall short of demand by 13 million barrels a day by 2030, according to a study led by former Exxon Mobil Corp. chairman Lee Raymond and based on forecasts from the world's largest oil companies.
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SINGAPORE (Dow Jones)--Oil futures traded on London&#39;s International Petroleum Exchange are largely expected to head higher Thursday, given the continued worries over a shortage in US heating oil inventories.
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NEW YORK -- Oil prices rose yesterday, reversing seven days of declines after the US government reported a decrease in the nation's crude inventories.
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With oil prices close to &#36;50 a barrel, the Bush administration is set to allow oil refineries to borrow crude from the government's emergency petroleum stockpile to make up for supplies disrupted by Hurricane Ivan, a congressional source briefed on the pending decision told Reuters on Thursday.