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Analysis: Asian distillate refining margins receive boost from plant issues

1 day ago DieselGasoil Comments Off on Analysis: Asian distillate refining margins receive boost from plant issues
Singapore — A recent slew of issues at refineries around the globe has provided a much-needed boost to Asian refining margins in July, improving overall regional fundamentals and opening arbitrage opportunities. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The gasoline market, which has been grappling with a supply Read More

Philadelphia refinery closure props up gasoline; could boost diesel (gasoil)

4 days ago DieselGasoil Comments Off on Philadelphia refinery closure props up gasoline; could boost diesel (gasoil)
London — The closure of the Philadelphia Energy Solutions refinery has not only stretched the trans-Atlantic gasoline arbitrage wide open but it leaves a gaping hole in US East Coast supply that could last for months, with demand for diesel (gasoil) also possibly getting a boost this winter. Not registered? Receive daily email alerts, subscriber Read More

SEACOR Marine Announces Departure of Chief Operating Officer

4 days ago DieselGasoil Comments Off on SEACOR Marine Announces Departure of Chief Operating Officer
HOUSTON, Texas, July 12, 2019 (GLOBE NEWSWIRE) — SEACOR Marine Holdings Inc. (NYSE:SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide, today announced that Robert Clemons has stepped down as Executive Vice President and Chief Operating Officer, effective Read More

Parkland Fuel Corporation Announces July 2019 Dividend

5 days ago DieselGasoil Comments Off on Parkland Fuel Corporation Announces July 2019 Dividend
CALGARY, Alberta, July 11, 2019 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”) (TSX:PKI) announces that a dividend of $0.0995 per share will be paid on August 15, 2019 to shareholders of record on July 22, 2019. The dividend will be an ‘eligible dividend’ for Canadian income tax purposes. The ex-dividend date is July 19, 2019. Read More

U.S. to extend nuclear reactor lifespans in bid to revive industry

5 days ago DieselGasoil Comments Off on U.S. to extend nuclear reactor lifespans in bid to revive industry
PARIS (Reuters) – The United States plans to extend the lifespans of existing nuclear reactors and support new technologies as it seeks to revive an industry seen as crucial to its energy security, a senior U.S. official said on Thursday. FILE PHOTO: Deputy Secretary of the U.S. Department of Energy Dan Brouillette attends a meeting Read More

Parkland Announces Closing of Senior Unsecured Notes Offering

6 days ago DieselGasoil Comments Off on Parkland Announces Closing of Senior Unsecured Notes Offering
CALGARY, Alberta, July 10, 2019 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”) (TSX:PKI), announced today the closing of its previously announced private offering (the “offering”) of US$500 million aggregate principal amount of senior unsecured notes due 2027 (the “notes”). The notes bear interest at a rate of 5.875% per annum and were priced at par, Read More

Fed’s Powell says trade, global growth concerns continue to weigh on U.S. economy

6 days ago DieselGasoil Comments Off on Fed’s Powell says trade, global growth concerns continue to weigh on U.S. economy
WASHINGTON (Reuters) – Concerns about trade policy and a weak global economy “continue to weigh on the U.S. economic outlook” and the Federal Reserve stands ready to “act as appropriate” to sustain a decade-long expansion, Fed Chairman Jerome Powell said on Wednesday in remarks that could bolster expectations of an interest rate cut later this Read More

UBS creates team to promote private capital markets deals

6 days ago DieselGasoil Comments Off on UBS creates team to promote private capital markets deals
ZURICH (Reuters) – UBS Group (UBSG.S) has created a private capital markets team to help wealth management clients invest in the burgeoning sector, the Swiss bank said on Wednesday. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland, Oct. 25, 2018. REUTERS/Arnd Wiegmann/File Photo The new team will focus on transactions Read More

Fed chief likely to focus on trade-inspired policy shift in testimony

6 days ago DieselGasoil Comments Off on Fed chief likely to focus on trade-inspired policy shift in testimony
WASHINGTON (Reuters) – The U.S. Federal Reserve over the course of its 105-year history has changed monetary policy in reaction to property crashes, war, financial bubbles and policymakers’ gut instincts about where the economy was heading. But the U.S. central bank is now laying the groundwork for its first policy shift triggered by tweets, as Read More