March 6, 2013 |
NEW YORK - Reaction in the oil market to the death of Venezuelan President Hugo Chavez was muted Tuesday, with the price of crude rising slightly in electronic trading in New York. Chavez, 58, battled cancer for two years. In December, he underwent what officials described as a complicated six-hour, cancer-related surgery. The full impact of his death on the oil market may not be known until Venezuela elects new leadership. In the short term, analysts expect the country's long decline in oil production to continue.
February 5, 2013
PBF Energy Inc. said it expects to receive its first train delivery this week of North Dakota light crude oil at its Delaware City Refinery, and also announced that it will double the amount of heavy Canadian oil-sands crude it can receive by rail by the end of this year. The refinery can now receive 70,000 barrels of light crude a day and 40,000 barrels of heavy crude. The heavy crude capacity will double to 80,000 under a $50 million plan to expand the unloading facility. PBF is also securing an additional 2,500 rail cars through 2015 to transport the crude oil. PBF and other East Coast refiners are scrambling to incorporate lower-cost domestic crudes from new discoveries into their mix to reduce their production costs, which typically have been higher because of their reliance on expensive imported petroleum.
November 30, 2012
Crate + Barrel marks its 50th anniversary with a collection of limited-edition teapots. Twelve contemporary artists were commissioned to put their stamp on the ceramic Arzberg teapot, a staple of its inventory since the company opened in 1962. For December is this one from Janine Rewell, combining Scandinavian design with Slavic folk art. Only 200 of each design will be produced. Arzberg Teapot for December, $200, online only at crateandbarrel.com . - Maureen Fitzgerald A simple tart This fun little kit, created by Michelin-star French chef Jacky Dallais, contains most everything you need to put together an impressive 6-inch tart - except the fruit, of course.
October 25, 2012 |
NEW YORK - U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer. Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7 percent this year to an average of 10.9 million barrels per day. This will be the fourth straight year of crude increases and the biggest single-year gain since 1951. The boom has surprised even the experts. "Five years ago, if I or anyone had predicted today's production growth, people would have thought we were crazy," says Jim Burkhard, head of oil markets research at IHS CERA, an energy consulting firm.
October 22, 2012
The whiskey gospel has gone global. Just taste how India's Amrut Fusion and Sullivan's Cove from Tasmania (each featured in meet-the-distiller events at restaurants this week, as well as Thursday's Whiskey Fest) emphasize how traditionally made spirits take on distinctive terroirs. For Amrut , a Bangalor distillery that began as rum producer for the Indian army, copper pot-stilled northern Indian malt ages at a significantly faster rate than in Scotland in India's warmer climate (a max of seven years)
September 8, 2012 |
Who knew that the economic solution for the region's beleaguered oil refineries would arrive on a slow train from North Dakota? Delta Air Lines, the new owner of the Trainer refinery that is scheduled to reopen later this month, on Thursday became the third fuel producer in the Philadelphia area to announce plans to bring in crude oil by rail from the Bakken oil field in the upper Midwest. Edward Bastian, the airline's president, told an investor conference in New York that Delta plans to replace some imported oil at Trainer with domestic crude brought in by rail.
May 25, 2012 |
Oil tumbled below $90 a barrel in New York Wednesday, erasing gains through 2011, as U.S. supplies increased to a 22-year high and European leaders met to discuss the euro region's debt crisis. Futures fell 2.1 percent after the Energy Department said stockpiles rose 883,000 barrels to 382.5 million barrels last week. The European Union summit is the 18th since Greece was shaken by debt and the first since an anti-austerity campaign carried Francois Hollande to France's presidency.
May 4, 2012 |
It's been 139 years since they served beer in Haddonfield's Indian King Tavern. But that will change Saturday when barrels of Colonial style beers will be tapped at a fund-raiser for the museum and historic site, meeting place of the New Jersey Rebel Assembly in 1777. Since Haddonfield has been dry since 1873, organizers have obtained a special permit from the state to sell beer to help pay for renovations at the tavern. Philadelphia's Yards Brewery is supplying the beer and food will be served.
January 22, 2012
The mere mention of a truffled beer is enough to incite shudders and raised eyebrows. Even accomplished brewer Scott Morrison conceded that the "terrible" task of melding such a powerful savory flavor with beer brought trepidation: "How am I going to pull this off?" But with his recent return to Dock Street Brewing Co., he knew this first of several planned seasonal collaborations with the Four Seasons Hotel had to be ambitious. So Morrison didn't hold back, crafting a sturdily malted English strong ale, then sending it off to the hotel to be aged in used chardonnay barrels, after which it was blended with a measured dose of truffle-steeped vodka.