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Brent/Dubai spread widens as September trading slows

2 months ago DieselGasoil Comments Off on Brent/Dubai spread widens as September trading slows
Singapore — Benchmark Dubai crude futures’ discount to ICE Brent widened Tuesday morning in Asia, as Brent and NYMEX futures gained strength on expectations of a drop in US crude stocks and a sharp decline in Iranian oil exports, while the Dubai end of the spread was lackluster amid sparse trading activity for Middle East Read More

Crude oil futures up on expected stock draw; looks to Fed, trade talks

2 months ago DieselGasoil Comments Off on Crude oil futures up on expected stock draw; looks to Fed, trade talks
Singapore — Crude oil futures were higher during mid-morning trade in Asia Tuesday, amid an expected fall in US crude inventories last week, while market participants were looking ahead for comments from the resumption of trade talks between the US and China. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Read More

India’s June naphtha exports slide 43% on month, but rapid rebound seen likely

2 months ago DieselGasoil Comments Off on India’s June naphtha exports slide 43% on month, but rapid rebound seen likely
Singapore — India’s naphtha exports slid 43% month on month in June, but a larger volume being offered via tender in July and a fall in freight costs point to a likely rebound in the near term, market participants said Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

US sanctions have caused 95% decline in Iran oil exports: Pompeo

2 months ago DieselGasoil Comments Off on US sanctions have caused 95% decline in Iran oil exports: Pompeo
Washington — US sanctions have taken 95% of Iranian crude oil exports off the world market, US Secretary of State Mike Pompeo said Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now In an appearance at The Economic Club of Washington, DC, Pompeo said sanctions, which were fully imposed Read More

LAGCOE announces winners of 2019 new technology showcase

2 months ago DieselGasoil Comments Off on LAGCOE announces winners of 2019 new technology showcase
7/29/2019 LAFAYETTE, LA- LAGCOE leadership has announced the winners of its New Technology Showcase, which will be featured at the 2019 Technical Exposition and Conference, October 9-11 in New Orleans. This year will mark the fifth iteration of the New Technology Showcase, which was created to provide innovative exhibitors with an opportunity to share new Read More

Oil advances most in almost three weeks as U.S. rate cut awaited

2 months ago DieselGasoil Comments Off on Oil advances most in almost three weeks as U.S. rate cut awaited
7/29/2019 NEW YORK (Bloomberg) – Oil rose the most in almost three weeks on speculation that demand will get a bump from a potential U.S. Federal Reserve rate cut aimed at spreading economic benefits more broadly. Futures in New York rose 1.2%, extending last week’s 1% advance. Later this week, the Fed is expected to Read More

Analysis: US crude draw extends amid firming refinery demand, US Gulf production headwinds

2 months ago DieselGasoil Comments Off on Analysis: US crude draw extends amid firming refinery demand, US Gulf production headwinds
Highlights Commercial crude stocks expected down 3.9 million barrels at 441.1 million barrels Refinery utilization likely firms 0.9 point to 94% of capacity Gasoline stocks dip 1.1 million barrels, distillates add 400,000 barrels New York — US commercial crude stocks likely fell last week for a seventh consecutive week amid firming refiner demand and flagging Read More

Refinery Margin Tracker: Heavy sweet crudes gain traction as US crude slate lightens

2 months ago DieselGasoil Comments Off on Refinery Margin Tracker: Heavy sweet crudes gain traction as US crude slate lightens
New York — Heavier sweet crudes are becoming more popular with refiners as shale production lightens up the crude slate, allowing refiners to keep run rates high by balancing out the lighter shale barrels with heavier grades, an analysis by S&P Global Platts showed Monday. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Venezuela loses appeal to shield Citgo assets from US court auction

2 months ago DieselGasoil Comments Off on Venezuela loses appeal to shield Citgo assets from US court auction
Highlights Canadian miner can go after Citgo to collect $1.2 billion judgment Platts Analytics sees Venezuelan output falling to 750,000 b/d Washington — A US appeals court ruled against Venezuela Monday in a case that could lead to state-owned PDVSA losing control of US refiner Citgo, its most valuable foreign asset, once US sanctions are Read More

‘Deliberate action’ in Colombia ignites 2,600 bbls of crude, hinders firefighters’ efforts

2 months ago DieselGasoil Comments Off on ‘Deliberate action’ in Colombia ignites 2,600 bbls of crude, hinders firefighters’ efforts
7/29/2019 BOGOTA – Ecopetrol and Cenit report that unidentified individuals deliberately set fire to four temporary crude oil retention pools containing 2,600 barrels of oil on the Las Acacias village in the Colombian municipality of Arauquita, Arauca. Officials report that this “deliberate action puts communities and water bodies in the area at risk, and generates Read More