newszine

Crude treads water as market looks to G-20 for direction

3 hours ago DieselGasoil Comments Off on Crude treads water as market looks to G-20 for direction
New York — Crude futures finished Tuesday’s session mixed as the market treaded water ahead of the G-20 summit beginning later this week in Osaka, Japan. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now ICE August Brent settled up 19 cents at $65.05/b while NYMEX August WTI fell 7 Read More

PG&E bondholders propose bankruptcy exit plan worth up to $30 billion

5 hours ago DieselGasoil Comments Off on PG&E bondholders propose bankruptcy exit plan worth up to $30 billion
SAN FRANCISCO (Reuters) – A committee of bondholders of PG&E Corp’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires. FILE PHOTO: A PG&E truck carrying an American Flag drives past Read More

WTI structure strengthens as Middle East tensions simmer

1 day ago DieselGasoil Comments Off on WTI structure strengthens as Middle East tensions simmer
New York — The NYMEX WTI forward structure continued to strengthen Monday after the front-month contract settled at a three-week high in a turbulent session. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX August WTI settled up 47 cents at $57.90/b, while ICE August Brent was still down Read More

Philadelphia refinery fire extinguished; alkylation unit destroyed: sources

1 day ago DieselGasoil Comments Off on Philadelphia refinery fire extinguished; alkylation unit destroyed: sources
New York — The fire in the alkylation unit at Philadelphia Energy Solutions’ refinery was extinguished Sunday, according to company spokeswoman Cherice Corley. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We can confirm that the fire in the alkylation unit has been extinguished,” Corley said in an email. Read More

Eldorado Resorts takes on bigger rivals with $8.5 billion Caesars buy

1 day ago DieselGasoil Comments Off on Eldorado Resorts takes on bigger rivals with $8.5 billion Caesars buy
(Reuters) – U.S. casino operator Eldorado Resorts Inc has agreed to buy rival Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on larger companies such as Las Vegas Sands and Wynn Resorts. FILE PHOTO: The 550 foot-tall (167.6 m) High Roller observation wheel, the Read More

Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion

1 day ago DieselGasoil Comments Off on Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion
(Reuters) – Eldorado Resorts Inc has agreed to buy Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on competition from larger companies such as Las Vegas Sands and Wynn Resorts. FILE PHOTO: The 550 foot-tall (167.6 m) High Roller observation wheel, the tallest in Read More

Eldorado Resorts to merge with Caesars Entertainment in $17.3 billion deal

2 days ago DieselGasoil Comments Off on Eldorado Resorts to merge with Caesars Entertainment in $17.3 billion deal
FILE PHOTO: The 550 foot-tall (167.6 m) High Roller observation wheel, the tallest in the world, is the centerpiece of the $550 million Linq project, a retail, dining and entertainment district by Caesars Entertainment Corp, in seen in Las Vegas, Nevada April 9, 2014. REUTERS/Las Vegas Sun/Steve Marcus/File Photo (Reuters) – U.S. casino operator Eldorado Read More

Nissan shareholders set to back CEO Saikawa amid fraying ties with Renault

2 days ago DieselGasoil Comments Off on Nissan shareholders set to back CEO Saikawa amid fraying ties with Renault
TOKYO (Reuters) – Nissan Motor shareholders are widely expected to back Chief Executive Hiroto Saikawa at an annual general meeting on Tuesday, extending his tumultuous tenure at an automaker shaken by scandal and the loss of trust with alliance partner Renault. FILE PHOTO: The logo of Nissan is seen on a car during the Prague Read More

California governor proposes a $21 billion wildfire fund

4 days ago DieselGasoil Comments Off on California governor proposes a $21 billion wildfire fund
LOS ANGELES (Reuters) – California Governor Gavin Newsom has proposed helping utilities create a fund of up to $21 billion to compensate future victims of wildfires sparked by the companies’ equipment or employees, an aide said on Friday. FILE PHOTO: Firefighters keep watch on the Thomas wildfire in the hills and canyons outside Montecito, California, Read More

California governor proposes $21 billion wildfire fund: media

4 days ago DieselGasoil Comments Off on California governor proposes $21 billion wildfire fund: media
FILE PHOTO: California’s Governor Gavin Newsom speaks during the California Democratic Convention in San Francisco, California, U.S. June 1, 2019. REUTERS/Stephen Lam LOS ANGELES (Reuters) – California Governor Gavin Newsom has proposed a fund of up to $21 billion to help utilities pay for future wildfire damage, according to media reports on Friday. The proposal Read More