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Oil firms as U.S. supply concerns ease but Iran tension lingers

3 hours ago DieselGasoil Comments Off on Oil firms as U.S. supply concerns ease but Iran tension lingers
LONDON (Reuters) – Oil prices rose on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Read More

Oil steadies as U.S. supply concerns ease, Iran tension unresolved

4 hours ago DieselGasoil Comments Off on Oil steadies as U.S. supply concerns ease, Iran tension unresolved
LONDON (Reuters) – Oil prices steadied on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Read More

Analysis: Singapore 95/92 RON gasoline spread at 14-month high on octane booster demand

7 hours ago DieselGasoil Comments Off on Analysis: Singapore 95/92 RON gasoline spread at 14-month high on octane booster demand
The FOB Singapore 95/92 RON gasoline spread rebounded Monday from multi-year lows seen in June to a 14-month high, fueled by a surge in octane boosters demand, industry sources told S&P Global Platts. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The 95/92 RON gasoline spread — the difference Read More

Oil steady as U.S resumes Gulf of Mexico output amid signs of further supply

9 hours ago DieselGasoil Comments Off on Oil steady as U.S resumes Gulf of Mexico output amid signs of further supply
TOKYO (Reuters) – Oil prices were steady on Tuesday after falling in the previous session as output in the U.S. Gulf of Mexico resumed after Hurricane Barry swept through over the weekend and as U.S. shale production is expected to rise to a record. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Read More

Oil down for a second day as U.S. Gulf of Mexico output returns

13 hours ago DieselGasoil Comments Off on Oil down for a second day as U.S. Gulf of Mexico output returns
TOKYO (Reuters) – Oil prices fell for a second day on Tuesday as more production facilities returned to operation in the U.S. Gulf after Hurricane Barry swept through over the weekend, while Chinese economic data dimmed the outlook for crude demand. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November Read More

U.S. Gulf of Mexico oil, gas producers begin restarting after Barry

17 hours ago DieselGasoil Comments Off on U.S. Gulf of Mexico oil, gas producers begin restarting after Barry
HOUSTON (Reuters) – U.S. oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said. There was 1.3 million barrels per day (bpd) of oil production off line in the U.S.-regulated areas of the Gulf Read More

Analysis: US crude stocks likely dip last week in wake of Barry-induced shut-ins

18 hours ago DieselGasoil Comments Off on Analysis: US crude stocks likely dip last week in wake of Barry-induced shut-ins
Highlights Crude stocks expected down 4.2 million barrels at 454.8 million barrels Hurricane Barry shuts-in bulk of Gulf of Mexico offshore production Export slowdown likely blunts overall crude draw New York — Production shut-ins in the Gulf of Mexico ahead of Hurricane Barry likely contributed to a sharp decline in US crude stocks last week, Read More

Oil prices fall on fading storm impact, Chinese economic data

19 hours ago DieselGasoil Comments Off on Oil prices fall on fading storm impact, Chinese economic data
NEW YORK (Reuters) – Oil prices edged lower on Monday on signs that the impact of a tropical storm on U.S. Gulf Coast production and refining would be short-lived, while Chinese economic data dimmed the crude demand outlook. A horizontal drilling rig on a lease owned by Parsley Energy operates at sunrise in the Permian Read More

U.S. Gulf of Mexico oil, gas production begins restarting after Barry

19 hours ago DieselGasoil Comments Off on U.S. Gulf of Mexico oil, gas production begins restarting after Barry
HOUSTON (Reuters) – U.S. offshore oil producers restarted 4% of the production shut by Tropical Storm Barry last week, according to a report on Monday by the U.S. Bureau of Safety and Environmental Enforcement (BSEE). A total of 69%, or 1.3 million barrels per day (bpd), of oil production in the U.S.-regulated areas of the Read More