• The Energy Report - Is the rebound in oil a good thing?

    Well if you consider that perhaps it is a sign that things on the East Coast may have a chance at some sense of normal, that would be a good thing. Yet the truth is that it may be too soon for the market to be reacting to the rebound in demand. The late day spike seemed to start in Brent Crude and could be a sign of the market growing unease with the violence on the Saudi Yemen border. Brent crude spiked late in the session on a report that two Saudi border guards were killed in a terror attack on the Yemen border. The tensions seem to rise even more when Saudi Arabia abruptly changed its interior minister.
  • Conoco cuts rates at Bayway after weekend CDU fire

    ConocoPhillips said on Monday it reduced rates at its 238,000-barrel-per-day Bayway refinery in Linden, New Jersey, after a fire early Sunday morning in the crude distillate unit.
  • 4 Charged in Plot to Blow up NYC Airport

    Federal authorities said a plot by a suspected Muslim terrorist cell to blow up John F. Kennedy International Airport, its fuel tanks and a jet fuel artery could have caused unthinkable devastation.