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Crude oil futures steady as markets await fresh cues

56 mins ago DieselGasoil Comments Off on Crude oil futures steady as markets await fresh cues
Crude oil futures were largely steady during mid-morning trade in Asia Tuesday, after the more than $1/b surge overnight, as concerns over the global economy continue to take center stage, industry sources said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Market participants were also waiting for fresh cues Read More

Oil climbs as Huawei sanctions delay offers sign of trade war truce

8 hours ago DieselGasoil Comments Off on Oil climbs as Huawei sanctions delay offers sign of trade war truce
By Alex Nussbaum and Grant Smith on 8/19/2019 NEW YORK (Bloomberg) – Oil climbed as the U.S. delayed sanctions against Huawei Technologies, offering a hint of progress in its trade war with China, and a drone attack in Saudi Arabia highlighted simmering Middle East tensions. Futures jumped 2.4% to top $56/bbl in New York on Read More

Saudi Aramco asks banks to pitch for roles in IPO: sources

10 hours ago DieselGasoil Comments Off on Saudi Aramco asks banks to pitch for roles in IPO: sources
DUBAI (Reuters) – Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources said, in what could be the world’s biggest IPO. FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Read More

Saudi Aramco asks banks to pitch for roles in planned IPO: sources

11 hours ago DieselGasoil Comments Off on Saudi Aramco asks banks to pitch for roles in planned IPO: sources
DUBAI (Reuters) – Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources with direct knowledge of the matter said. FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Arabia May Read More

Oil up after drone attack on Saudi field, but OPEC report caps gains

16 hours ago DieselGasoil Comments Off on Oil up after drone attack on Saudi field, but OPEC report caps gains
LONDON (Reuters) – Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs of progress in U.S.-China trade negotiations. FILE PHOTO: A pump jack operates in the Permian Basin oil and natural gas production area near Odessa, Texas, U.S., February 10, Read More

Iran warns US against seizing its tanker as tensions flare in Persian Gulf

16 hours ago DieselGasoil Comments Off on Iran warns US against seizing its tanker as tensions flare in Persian Gulf
Iran cautioned the US against seizing its tanker Grace 1, which has been renamed Adrian Darya-1 and set sail from Gibraltar after more than a month of detention amid continued rising tensions in the Persian Gulf region. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Foreign ministry spokesperson Abbas Read More

U.S. oil poses threat to Mideast sellers with Asia trading debut

17 hours ago DieselGasoil Comments Off on U.S. oil poses threat to Mideast sellers with Asia trading debut
By Sharon Cho on 8/19/2019 SINGAPORE (Bloomberg) –The rivalry between U.S. and Middle Eastern oil producers has jumped up a notch as American crude makes its way right to the heart of Asia, the world’s most-prized energy market. Royal Dutch Shell Plc has offered a cargo of U.S. West Texas Intermediate Midland crude that’s priced Read More

Saudi oil field targeted by drone attack, production unaffected

18 hours ago DieselGasoil Comments Off on Saudi oil field targeted by drone attack, production unaffected
By Javier Blas and Verity Ratcliffe on 8/19/2019 LONDON (Bloomberg) – Yemeni rebels attacked oil and gas facilities at the Shaybah field in southeast Saudi Arabia, but failed to disrupt production. Saudi Arabian Oil Co., or Aramco as the company is known, extinguished a small fire at a natural gas liquids plant at Shaybah on Read More

Oil rises after drone attack on Saudi field

20 hours ago DieselGasoil Comments Off on Oil rises after drone attack on Saudi field
LONDON/SINGAPORE (Reuters) – Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs that Sino-U.S. trade tensions could ease. FILE PHOTO: A pump jack operates in the Permian Basin oil and natural gas production area near Odessa, Texas, U.S., February 10, Read More

Oil prices climb after Saudi oilfield attack, but recession worries drag

1 day ago DieselGasoil Comments Off on Oil prices climb after Saudi oilfield attack, but recession worries drag
SINGAPORE (Reuters) – Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for any signs that Sino-U.S. trade tensions could ease. FILE PHOTO: A pump jack operates in the Permian Basin oil and natural gas production area near Odessa, Texas, U.S., February Read More