Western Union options trading surges to 10,701 contracts
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Canadian Oil Refinery Shut Down Could Crimp Northeast US Supply
(Bloomberg) — Canada’s largest oil refinery is planning to shut down for maintenance in the fall, potentially exacerbating fuel market tightness in northeastern US states that rely on the plant for gasoline and diesel imports. Read More
Ukraine Says It Hit Russia’s Yanos Oil Refinery Thursday
(Bloomberg) — Ukrainian forces struck the oil refinery in Yaroslavl, northeast of Moscow, on Thursday, as drone attacks deepen fuel shortages across Russia. Read More
Hammack Sees No Conflict in Fed’s Goals, Inflation Her Worry
(Bloomberg) — Federal Reserve Bank of Cleveland President Beth Hammack said persistently high inflation is her bigger concern as consumer spending holds up and unemployment remains low. Read More
India Plans Rules to Boost Car Fuel Economy to Curb Oil Imports
(Bloomberg) — India has proposed rules to improve fuel efficiency of passenger vehicles as it seeks to curb oil imports and reduce emissions from one of the top contributors to pollution in cities. Read More