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Gastech: Permian oil growth could transform US’ second-wave LNG-export market

20 hours ago DieselGasoil Comments Off on Gastech: Permian oil growth could transform US’ second-wave LNG-export market
Houston — Permian Basin oil producers could become the driving force behind the US’ second wave of LNG supply. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now That was the seemingly contrarian wisdom of a panel of chief executives at Gastech, the annual global conference held this week in Read More

Wall Street futures rise on global stimulus efforts

1 day ago DieselGasoil Comments Off on Wall Street futures rise on global stimulus efforts
(Reuters) – U.S. stock index futures rose on Friday as China became the third country to trim interest rates in the past few days, raising hopes that major central banks stand ready to blunt the impact of a prolonged Sino-U.S. trade war on global growth. FILE PHOTO: Traders work on the floor at the New Read More

Dubai futures: Crude spreads firm as traders mull Saudi-Iraq supply deal

1 day ago DieselGasoil Comments Off on Dubai futures: Crude spreads firm as traders mull Saudi-Iraq supply deal
Singapore — The Middle East sour crude complex, led by benchmark Dubai crude futures spreads, continued to strengthen in mid-morning trading in Asia Friday, as traders digested overnight developments on reports that Saudi Aramco may have approached Iraq for Basrah crude supplies. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Read More

Refined products rally as storm disrupts USGC refinery operations

2 days ago DieselGasoil Comments Off on Refined products rally as storm disrupts USGC refinery operations
New York — NYMEX refined products futures jumped Thursday as Tropical Depression Imelda disrupted refinery operations in Texas. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Front-month RBOB settled 4.30 cents higher at $1.7007/gal, while front-month ULSD settled 3.16 cents higher at $2.0049/gal. The rally caused crack spreads to Read More

TC Energy shuts oil line as flooding disrupts U.S. Gulf terminals: traders

2 days ago DieselGasoil Comments Off on TC Energy shuts oil line as flooding disrupts U.S. Gulf terminals: traders
NEW YORK (Reuters) – TC Energy Corp’s Marketlink oil pipeline from Cushing, Oklahoma, to Nederland, Texas, was shut as flooding disrupted operations at U.S. Gulf Coast terminals, traders familiar with the matter said on Thursday. Dangerous flash floods inundated parts of southeastern Texas on Thursday as Tropical Depression Imelda dumped the last of its rains, Read More

Microsoft nudges S&P 500 toward record high

2 days ago DieselGasoil Comments Off on Microsoft nudges S&P 500 toward record high
(Reuters) – Microsoft and healthcare companies lifted Wall Street on Thursday, a day after the Federal Reserve cut interest rates as expected and left the door open for further monetary easing. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid Microsoft Read More

Shares rise after Fed rate cut, oil prices gain

2 days ago DieselGasoil Comments Off on Shares rise after Fed rate cut, oil prices gain
NEW YORK (Reuters) – A gauge of global equity performance rose within 1% of a record high on Thursday, a day after the Federal Reserve cut interest rates, but crude oil prices climbed higher on concerns last weekend’s attacks on Saudi Arabia’s oil facilities pose supply risks. Iran warned U.S. President Donald Trump against being Read More

Upbeat data suggest U.S. economy still on moderate growth path

2 days ago DieselGasoil Comments Off on Upbeat data suggest U.S. economy still on moderate growth path
WASHINGTON (Reuters) – The number of Americans filing applications for unemployment benefits increased less than expected last week, pointing to strong labor market conditions that should continue to support an economy growing at a moderate pace. FILE PHOTO: Job seekers line up at TechFair in Los Angeles, California, U.S. March 8, 2018. REUTERS/Monica Almeida/File Photo Read More

Shares inch higher after Fed cut; BOJ, SNB, BoE keep powder dry

2 days ago DieselGasoil Comments Off on Shares inch higher after Fed cut; BOJ, SNB, BoE keep powder dry
LONDON (Reuters) – World share markets and bond yields nudged modestly higher on Thursday as the U.S. Federal Reserve’s second interest rate cut of the year and promises of support from other top central banks kept global recession jitters at bay. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of Read More

Wall Street futures tick lower after mixed policy signals from Fed

2 days ago DieselGasoil Comments Off on Wall Street futures tick lower after mixed policy signals from Fed
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid (Reuters) – U.S. stock index futures were lower on Thursday after the Federal Reserve delivered a widely expected interest rate cut but played down hopes of further monetary easing. New projections showed Read More