newszine

US to impose 10% tariff on $300 billion of Chinese goods September 1: Trump

2 months ago DieselGasoil Comments Off on US to impose 10% tariff on $300 billion of Chinese goods September 1: Trump
Washington — The US will impose a 10% tariff on the remaining $300 billion worth of Chinese goods September 1, when trade talks between the two countries resume, President Donald Trump said Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The tariff escalation, while scaled back from Trump’s Read More

Shell sidestepping UK-flagged tankers for Hormuz oil transport: CEO

2 months ago DieselGasoil Comments Off on Shell sidestepping UK-flagged tankers for Hormuz oil transport: CEO
London — Shell-operated operated tankers continue to lift crude and products from the Persian Gulf via the Strait of Hormuz but the oil major is not currently using any UK-flagged vessels for voyages in the key oil shipping artery, Shell’s CEO Ben van Beurden said Thursday. Not registered? Receive daily email alerts, subscriber notes & Read More

Jet fuel strength under threat from weak air freight demand

2 months ago DieselGasoil Comments Off on Jet fuel strength under threat from weak air freight demand
A recent slide in global demand for air freight could be a harbinger of weaker jet fuel prices, according to trading sources and analysts, despite current firm aviation fuel values on resilient spot demand. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now While global air passenger traffic has grown Read More

Shell’s Q2 production up 4% as weak prices hit earnings

2 months ago DieselGasoil Comments Off on Shell’s Q2 production up 4% as weak prices hit earnings
London — Shell’s second quarter production rose 4% on year but saw sharply weaker earnings for the period on lower oil and gas prices and thinner refining margins, the company said Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Oil and gas production in the second quarter of Read More

Indian LPG demand recovers as high stockpiles being drawn down: sources

2 months ago DieselGasoil Comments Off on Indian LPG demand recovers as high stockpiles being drawn down: sources
Singapore — India’s LPG demand has been recovering since July, as inventories are drawn down from the highs seen after the pre-election stocking up in April and May, which had slowed imports, trade sources said this week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now One Indian importer said Read More

Shell takes FID on US Gulf deepwater PowerNap tie-back project

2 months ago DieselGasoil Comments Off on Shell takes FID on US Gulf deepwater PowerNap tie-back project
London — Shell said Thursday it has taken the final investment decision on its deepwater PowerNap development in the US Gulf of Mexico, which is set to boost production from its Olympus production hub in 2021. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now PowerNap is a subsea tie-back Read More

Sour crude spreads strengthen on bullish fuel oil

2 months ago DieselGasoil Comments Off on Sour crude spreads strengthen on bullish fuel oil
Singapore — Benchmark Dubai crude futures’ discount to ICE Brent narrowed Thursday morning in Asia, with tighter supply for high sulfur fuel oil and bunker fuels resulting in medium sour crude spreads pushing upwards, market participants said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Crude oil markets entered Read More

Crude oil futures slump after Fed cuts, ignores US stocks draw

2 months ago DieselGasoil Comments Off on Crude oil futures slump after Fed cuts, ignores US stocks draw
Singapore — Crude oil futures were lower during mid-morning trade in Asia Thursday despite a draw reported in US crude inventory last week, as markets focused on the US interest rate cut which pushed the US dollar to multi-year highs. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At Read More

Oil closes higher, but later falls as rate cut pushes dollar to multi-year high

2 months ago DieselGasoil Comments Off on Oil closes higher, but later falls as rate cut pushes dollar to multi-year high
New York — Oil futures settled higher Wednesday following a larger-than-expected US crude inventory draw, but later fell into negative territory in after-market trading as the market digested the implications of a US Federal Reserve interest rate cut. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX September WTI Read More

Enlarged DNO boasts North Sea, KRG output growth in Q2

2 months ago DieselGasoil Comments Off on Enlarged DNO boasts North Sea, KRG output growth in Q2
Highlights Equinor asset swap boosts North Sea output Tawke field output declines 16% in year DNO pursuing further M&A activity London — Oslo-based DNO virtually doubled its net production in the second quarter of 2019 compared with a year earlier to 53,000 b/d of oil equivalent on the back of rising volumes from its Peshkabir Read More