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Oil dips as China's economy slows but OPEC-led cuts support

29 mins ago DieselGasoil Comments Off on Oil dips as China's economy slows but OPEC-led cuts support
SINGAPORE (Reuters) – Oil prices dipped on Monday as China reported its weakest annual economic growth in 28 years, although oil prices remain relatively well supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC). FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan Read More

Oil dips on weak economic outlook, but OPEC-led cuts support

1 hour ago DieselGasoil Comments Off on Oil dips on weak economic outlook, but OPEC-led cuts support
SINGAPORE (Reuters) – Oil prices dipped on Monday, weighed down by expectations that China will report its weakest economic growth in almost three decades amid waning domestic demand and painful U.S. tariffs. FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. Read More

How OPEC is helping U.S. oil reach a tipping point

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By Julian Lee on 1/20/2019 Photo: OPEC building. NEW YORK (Bloomberg Opinion) — The U.S. Energy Information Administration has published its first detailed monthly oil forecast for 2020 and it shows something that should strike fear into the hearts of OPEC ministers — from the fourth quarter, America will export more oil than it imports. Read More

Oil gloom turns to boom as China, Fed allay worst fears

2 hours ago DieselGasoil Comments Off on Oil gloom turns to boom as China, Fed allay worst fears
By Carlos Caminada and Alex Nussbaum on 1/20/2019 Photo: Federal Reserve Bank of New York CALGARY and NEW YORK (Bloomberg) — Investors are the most optimistic on oil in two months as the worst fears that roiled markets at the end of the year start to dissipate. Hedge funds boosted their net wagers on rising Read More

Buckeye Partners, L.P. to Release Earnings and Hold Conference Call for 2018 Fourth Quarter and Full Year Financial Results

2 days ago DieselGasoil Comments Off on Buckeye Partners, L.P. to Release Earnings and Hold Conference Call for 2018 Fourth Quarter and Full Year Financial Results
HOUSTON, Jan. 18, 2019 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) is scheduled to release its 2018 fourth quarter and full year earnings on February 8, 2019. Interested parties are invited to listen to the conference call on the 2018 fourth quarter and full year financial results. About Buckeye Partners, L.P. Buckeye Partners, Read More

Buckeye Partners, L.P. Announces Closing of Sale of Its Equity Interest In VTTI B.V.

2 days ago DieselGasoil Comments Off on Buckeye Partners, L.P. Announces Closing of Sale of Its Equity Interest In VTTI B.V.
HOUSTON, Jan. 18, 2019 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) announced today that it completed the sale of its equity interest in VTTI B.V. (“VTTI”) to Vitol Investment Partnership II Ltd and IFM Investors for cash proceeds of $975 million.  The proceeds from the sale will be used to pay down debt. Read More

U.S. crude gains, slowing global economy challenge oil market in 2019: IEA

3 days ago DieselGasoil Comments Off on U.S. crude gains, slowing global economy challenge oil market in 2019: IEA
FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo LONDON (Reuters) – U.S. oil production growth combined with a slowing global economy will put oil prices under downward pressure Read More

After billion-barrel bonanza, BP goes global with seismic tech

3 days ago DieselGasoil Comments Off on After billion-barrel bonanza, BP goes global with seismic tech
LONDON (Reuters) – Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil. BP’s Wolfspar seismic source device is pictured at Mad Dog oil field in the deepwater Gulf of Mexico, January 19, Read More

Oil rebound fizzles as Treasury denies U.S. easing China tariffs

3 days ago DieselGasoil Comments Off on Oil rebound fizzles as Treasury denies U.S. easing China tariffs
By Alex Nussbaum on 1/17/2019 NEW YORK (Bloomberg) — Oil’s after-market rebound waned Thursday after the U.S. Treasury Department disputed a report that the Trump administration might ease trade tariffs against China. Futures in New York climbed as much as 0.5%, erasing what had been a losing session, before slipping again. The turnaround came after Read More

CVR Refining Announces CVR Energy’s Exercise of Right to Purchase Common Units

3 days ago DieselGasoil Comments Off on CVR Refining Announces CVR Energy’s Exercise of Right to Purchase Common Units
SUGAR LAND, Texas, Jan. 17, 2019 (GLOBE NEWSWIRE) — CVR Refining, LP (NYSE: CVRR) (the “Partnership”) announced today that CVR Energy, Inc. (“CVR Energy”) (NYSE: CVI) has elected to exercise the right (the “Call Right”) assigned to it by CVR Refining GP, LLC (the “General Partner”), the general partner of the Partnership and an indirect Read More