Russian state gas export monopoly Gazprom may buy U.S.-based Hunt Oil s stake in Yemen s liquefied natural gas plant, possibly in tandem with Saudi Arabia, Russia s government said on Wednesday.
Gasoline prices were flat Wednesday despite an uptick in supply as cautious consumers weigh taking a road trip against the latest worries about the economy.
Biofuels company Poet LLC has bought an Indiana ethanol plant. The 90 million-gallon-per-year plant in Cloverdale, Ind., was opened and operated under Altra Biofuels for a short time in 2008.
* Fire at W. Va. coal processing plant * Blaze previously destroyed same plant NEW YORK, June 30 – Coal miner Massey Energy Co , which is being investigated for a deadly mine blast in April, said on Wednesday a coal processing plant under construction was damaged by fire.
Crude-oil futures reverse lower after a Department of Energy report shows a decline in oil inventories as expected but data on other energy products are seen as bearish.
Grains futures jumped Wednesday on the Chicago Board of Trade. Wheat for September delivery soared 24.5 cents to $4.815 a bushel; September corn jumped 30 cents to $3.6325 a bushel; November soybeans rose 5.5 cents to $9.175 a bushel; and September oats added 14 cents to $2.64 a bushel.
Gold futures reverse higher Wednesday, as investors weighed a disappointing jobs report against a hopeful read on manufacturing activity in the Chicago area.