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Refinery Margin Tracker: Atlantic Coast margin rally aided by Philadelphia refinery fire

5 hours ago DieselGasoil Comments Off on Refinery Margin Tracker: Atlantic Coast margin rally aided by Philadelphia refinery fire
New York — US Atlantic Coast refinery margins moved up sharply on Friday after an early morning fire cut rates at the region’s largest refinery, with expectations higher margins will continue into the current week, an analysis from S&P Global Platts showed on Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Questerre reports voting results of Shareholders’ Meeting

3 days ago DieselGasoil Comments Off on Questerre reports voting results of Shareholders’ Meeting
THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICATO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, June 21, 2019 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported that all matters presented for approval at its annual and special meeting of shareholders held Read More

US shale oil, gas output to average 8.52 million b/d, 81.4 Bcf/d in July: EIA

1 week ago DieselGasoil Comments Off on US shale oil, gas output to average 8.52 million b/d, 81.4 Bcf/d in July: EIA
Washington — The US Energy Information Administration on Monday forecast US shale oil output to average 8.52 million b/d and shale gas production to average nearly 81.4 Bcf/d in July, up about 1.2 million b/d and nearly 11.9 Bc/fd, respectively, from July 2018. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Taiwan’s CPC to receive first US Bakken crude cargo in August

2 weeks ago DieselGasoil Comments Off on Taiwan’s CPC to receive first US Bakken crude cargo in August
Singapore — Taiwan’s CPC has bought its first cargo of the US Bakken crude for delivery in August, as the refiner looks to expand its US crude feedstock slate beyond the usual purchases of WTI Midland crude, a source with knowledge of the matter said Wednesday. Not registered? Receive daily email alerts, subscriber notes & Read More

Analysis: US-China trade tension unlikely to curb US-Asia crude flows as Taiwan steps up

2 weeks ago DieselGasoil Comments Off on Analysis: US-China trade tension unlikely to curb US-Asia crude flows as Taiwan steps up
Singapore — China’s appetite for US crude oil seems unlikely to show any meaningful recovery in the second half of 2019 amid prolonged Washington-Beijing trade tension, but the overall US-East Asia crude flows may still flourish as Taiwan continues to fill the demand gap left by Chinese buyers. Not registered? Receive daily email alerts, subscriber Read More

Refinery margin tracker: Midwestern margins sink on weak farm demand, stockbuilds

2 weeks ago DieselGasoil Comments Off on Refinery margin tracker: Midwestern margins sink on weak farm demand, stockbuilds
New York — Midwestern refinery margins last week showed the greatest decline of all US regions after US government inventory data showed the largest stock build in 20 years, with anemic diesel (gasoil) demand weighing on economics as wet weather kept farmers from planting, an analysis from S&P Global Platts showed Tuesday. Not registered? Receive Read More

Oil drillers scale back U.S. activity as crude falls into bear market

2 weeks ago DieselGasoil Comments Off on Oil drillers scale back U.S. activity as crude falls into bear market
By Caleb Mutua on 6/9/2019 NEW YORK (Bloomberg) — U.S. crude explorers reduced drilling to a 15-month low as oil dipped into bear-market territory. Working American oil rigs fell by 11 this week to 789, according to data released Friday by oilfield-services provider Baker Hughes. More than half the decline happened in the Permian basin, Read More

US oil, gas rig count falls 12 on week to 1,049: S&P Global Platts Analytics

3 weeks ago DieselGasoil Comments Off on US oil, gas rig count falls 12 on week to 1,049: S&P Global Platts Analytics
The US oil and natural gas rig count fell by 12 week on week to 1,049, S&P Global Platts Analytics said Thursday, amid continued slippage in crude prices into the low $50s/b and worries over global demand. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The decrease leaves the Read More

PetroValues offers free, accessible data to level playing field for mineral owners

3 weeks ago DieselGasoil Comments Off on PetroValues offers free, accessible data to level playing field for mineral owners
DENVER, June 04, 2019 (GLOBE NEWSWIRE) — A free website now gives mineral owners resources needed in the process of negotiating mineral sales and leases with oil and gas producers. PetroValues gives mineral owners, who are often farmers and ranchers, a clear view of the possible reserves under their own land and the true value Read More

Analysis: US crude inventories likely down 1.7 million barrels as refiners increase runs

3 weeks ago DieselGasoil Comments Off on Analysis: US crude inventories likely down 1.7 million barrels as refiners increase runs
New York — US crude inventories likely fell 1.7 million barrels the week ending May 31, as refiners increased runs while production remained stable, a survey of analysts by S&P Global Platts showed Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Crude inventories typically decline heading into the Read More