Energy http://www.porknetwork.com/pork-news/markets/energy RSS Feed for Energy en-us Fri, 18 May 2012 19:41:52 GMT Brent falls, posts biggest 3-week drop since May 2011 http://www.porknetwork.com/pork-news/markets/energy/Brent-falls-posts-biggest-3-week-drop-since-May-2011-152074655.html Brent crude oil futures dipped o n F riday, falling for the third day in a row, as investors pared holdings of risky assets such as oil and equities on fears that problems in Greece and Spain were spreading to other euro zone nations. Oil down near $107 on Greek exit fears http://www.porknetwork.com/pork-news/markets/energy/Oil-down-near-107-on-Greek-exit-fears-152028575.html Oil prices slipped towards $107 a barrel on Friday as investors fled risky, growth-sensitive assets on fears that Greece would leave the euro, although short-covering provided some support for Brent. Natural gas outlook: Futures market trended higher over the week http://www.porknetwork.com/pork-news/markets/energy/Natural-gas-outlook-Futures-market-trended-higher-over-the-week-151918715.html The natural gas futures market trended higher over the week. At the New York Mercantile Exchange, the June 2012 natural gas contract gained 15.3 cents per MMBtu to close at $2.618 per MMBtu yesterday. Cushing crude oil inventories at record levels http://www.porknetwork.com/pork-news/markets/energy/Cushing-crude-oil-inventories-at-record-levels-151748945.html Crude oil inventories at the Cushing, Oklahoma storage hub reached a record 45.1 million barrels on May 11, after rising 16.9 million barrels since January 13, a marked contrast to the relatively flat level of inventories over January through April in recent years. Gasoline prices fall for sixth straight week http://www.porknetwork.com/pork-news/markets/energy/Gasoline-prices-fall-for-sixth-straight-week-151746765.html The U.S. average retail price of regular gasoline decreased 4 cents this week to $3.75 per gallon, 21 cents per gallon lower than last year at this time. Commentary: Biofuel fantasy http://www.porknetwork.com/pork-news/markets/energy/Commentary-Biofuel-fantasy-151708055.html A glowing new report on the economic benefits of ethanol production contains some suspect calculations regarding the biofuel’s actual impact on American consumers. Crystal ball gazing: Ethanol http://www.porknetwork.com/pork-news/markets/energy/Crystal-ball-gazing-Ethanol-151693175.html At the end of 2011 Congress allowed the tax credit for ethanol blending to expire, along with the tariff on imported ethanol, as well as the blenders’ credit for biodiesel fuel. Brent rise boosts premium to slumping U.S. crude http://www.porknetwork.com/pork-news/markets/energy/Brent-rise-boosts-premium-to-slumping-US-crude-151600695.html Brent oil edged higher on Tuesday, snapping three days of declines and pushing its premium to slumping U.S. crude back above $18 a barrel, as supportive German economic growth helped counter political turmoil in Greece. Oil rises on easing euro zone worries http://www.porknetwork.com/pork-news/markets/energy/Oil-rises-on-easing-euro-zone-worries-151531335.html Brent crude oil futures firmed on Tuesday, as the euro zone narrowly avoided recession and as better-than-forecast German first-quarter GDP data raised hopes that Germany would steer the way through the European debt crisis. Does ethanol really lower the price of gasoline? http://www.porknetwork.com/pork-news/markets/energy/Does-ethanol-really-lower-the-price-of-gasoline-151523245.html The latest USDA Supply Demand Report indicated that corn processing for ethanol purposes would not increase much from the 2011 crop to the 2012 crop.