Platts

Crude futures settle higher on US-China trade talks

49 mins ago DieselGasoil Comments Off on Crude futures settle higher on US-China trade talks
New York — Crude futures settled higher Thursday, rising with equities on news that China’s commerce ministry said it would resume trade talks with the US later this month. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now October ICE Brent settled 67 cents higher at $71.43/b, while September NYMEX Read More

Energy-independent Mexico no threat to US refiners: Perry

3 hours ago DieselGasoil Comments Off on Energy-independent Mexico no threat to US refiners: Perry
Mexico City — An energy independent Mexico would be no threat to US refiners, US Energy Secretary Rick Perry said at a media roundtable in Mexico City. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We are going to have more markets, most likely, than we are going to Read More

TransCanada's Keystone XL oil pipeline sees new court setback, may delay Q2 2019 construction start

6 hours ago DieselGasoil Comments Off on TransCanada's Keystone XL oil pipeline sees new court setback, may delay Q2 2019 construction start
Washington DC — The US Department of State must conduct another environmental review of the 870,000 b/d Keystone XL heavy oil pipeline, potentially delaying TransCanada’s second-quarter 2019 target for starting construction. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Canadian producers are still looking to the decade-old pipeline proposal Read More

North Sea oil workers' union to press on with strike after latest talks with Total

7 hours ago DieselGasoil Comments Off on North Sea oil workers' union to press on with strike after latest talks with Total
London — North Sea oil workers’ union Unite vowed Thursday to go ahead with a fifth day of strike action at Total’s North Sea platforms next Monday after discussions with the company ended without a breakthrough. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now In a statement, Unite said Read More

Crude oil futures linger around unchanged territory; ICE Brent unchanged at $70.76/b, NYMEX WTI up to $65.08/b

7 hours ago DieselGasoil Comments Off on Crude oil futures linger around unchanged territory; ICE Brent unchanged at $70.76/b, NYMEX WTI up to $65.08/b
New York — Crude oil futures were lingering around unchanged levels midday Thursday, as the market was in consolidation mode following Wednesday’s steep drop. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 1500 GMT, October ICE Brent was unchanged at $70.76/b, while September NYMEX crude was up 8 Read More

Norway's July oil and gas output recovers after trouble-prone H1 2018

8 hours ago DieselGasoil Comments Off on Norway's July oil and gas output recovers after trouble-prone H1 2018
London — Norway’s oil production in July rose 3% month on month to 1.91 million b/d, the Norwegian Petroleum Directorate said Thursday, continuing a recovery after steep declines in the first half but remaining below official forecasts and significantly down on a year earlier. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Crude oil futures steady, US and China look to resolve tensions; ICE Brent up at $70.91/b, NYMEX WTI $65.11/b

11 hours ago DieselGasoil Comments Off on Crude oil futures steady, US and China look to resolve tensions; ICE Brent up at $70.91/b, NYMEX WTI $65.11/b
London — Crude oil futures remained steady Thursday during the European morning trading session following the release of bearish Energy Information Administration data Wednesday and news that the US and China will endeavor to resolve their trade dispute that has rocked the market over the last few weeks. Not registered? Receive daily email alerts, subscriber Read More

Russia's Gazprom Neft boosts Q2 crude oil, condensate output on Iraq, Arcticgas share hike

11 hours ago DieselGasoil Comments Off on Russia's Gazprom Neft boosts Q2 crude oil, condensate output on Iraq, Arcticgas share hike
Moscow — Russia’s Gazprom Neft increased its second-quarter daily crude and condensate output by 2.4% on the quarter to 1.28 million b/d, due to rising production in Iraq and its increased share in Arcticgas, the company said Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now In absolute volumes, Read More

Nov Dubai crude OSP set at 25 cents/b premium to Nov DME Oman futures

15 hours ago DieselGasoil Comments Off on Nov Dubai crude OSP set at 25 cents/b premium to Nov DME Oman futures
Singapore — The official selling price for Dubai crude loading in November has been set at a premium of 25 cents/b to the average settlement of November Oman crude futures traded on the Dubai Mercantile Exchange in September, the Department of Petroleum Affairs in Dubai said Thursday. Not registered? Receive daily email alerts, subscriber notes Read More

Asian gasoline market rallies after Indian RIL declares force majeure on exports

15 hours ago DieselGasoil Comments Off on Asian gasoline market rallies after Indian RIL declares force majeure on exports
Singapore — Asia’s gasoline market rallied to near one-year highs Wednesday, following Indian refiner Reliance Industries Limited’s declaration of force majeure on gasoline cargoes from its export-oriented Refinery in Jamnagar. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The supply disruption came at a time when several Refinery outages Read More