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BP says biofuel to add to rather than replace gasoline in Brazil

13 mins ago DieselGasoil Comments Off on BP says biofuel to add to rather than replace gasoline in Brazil
LONDON (Reuters) – BP (BP.L) does not expect supply from additional biofuel capacity in Brazil – where it is combining its unit with U.S. grain trader Bunge’s (BG.N) – to replace diesel (gasoil) and gasoline demand, BP’s head of Alternative Energy, Dev Sanyal, told Reuters. Through the deal BP will increase its biofuel production to Read More

Bunge and BP team up for Brazil sugar and ethanol venture

13 mins ago DieselGasoil Comments Off on Bunge and BP team up for Brazil sugar and ethanol venture
SAO PAULO (Reuters) – U.S. commodities trader Bunge Ltd (BG.N) and British energy company BP Plc (BP.L) said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor. FILE PHOTO: The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Read More

Emerson helps complete first Caspian subsea project ahead of schedule, under budget

2 hours ago DieselGasoil Comments Off on Emerson helps complete first Caspian subsea project ahead of schedule, under budget
7/22/2019 SOUTHHAMPTON — Emerson has completed its $48-million contract for automation systems and cloud engineering software-as-a-service for the Shah Deniz 2 project in Azerbaijan and is fulfilling an ongoing five-year services contract to help ensure reliable, safe operations. Emerson’s support services, predictive reliability software and digital twin solutions will help optimize operations and achieve reliable Read More

Asia stocks dip on likely smaller Fed rate cut, oil gains

14 hours ago DieselGasoil Comments Off on Asia stocks dip on likely smaller Fed rate cut, oil gains
TOKYO (Reuters) – Asia stocks eased on Monday as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve, while heightened Middle East tensions following an Iranian seizure of a British tanker lifted crude oil prices. FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) Read More

Iran seizes two UK tankers, ratchets up Strait of Hormuz oil flow risks

3 days ago DieselGasoil Comments Off on Iran seizes two UK tankers, ratchets up Strait of Hormuz oil flow risks
Highlights Stena Impero chemical tanker seized, VLCC Mesdar released Iran’s IRGC says it seized Stena Bulk for shipping violation: state TV UK foreign secretary ‘extremely concerned’ by incidents Washington — Iran seized a UK chemical tanker and briefly detained a UK-owned VLCC in the Strait of Hormuz Friday, ratcheting up regional tensions and risks to Read More

UK chemicals tanker attacked in Strait of Hormuz: owner Stena Bulk

3 days ago DieselGasoil Comments Off on UK chemicals tanker attacked in Strait of Hormuz: owner Stena Bulk
Washington — The UK-flagged Stena Impero chemicals tanker was attacked Friday by “unidentified small crafts and a helicopter” while transiting the Strait of Hormuz and is heading toward Iran, owner Stena Bulk confirmed. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Iran’s Islamic Revolutionary Guard Corps said it seized Read More

Fed rate cut bets buoy stocks, dollar steadies

3 days ago DieselGasoil Comments Off on Fed rate cut bets buoy stocks, dollar steadies
LONDON (Reuters) – Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar. FILE PHOTO: The German share price index DAX Read More

Asia stocks firm as Fed props up rate cut expectations

3 days ago DieselGasoil Comments Off on Asia stocks firm as Fed props up rate cut expectations
TOKYO (Reuters) – Asian stocks rose on Friday after a top Federal Reserve official cemented expectations of a U.S. interest rate cut later this month, fuelling appetite for riskier assets and keeping a cap on the dollar. FILE PHOTO: A man in a bicycle stops in front of an electronic board showing the Nikkei stock Read More

Asia stocks gain, dollar sags as Fed reinforces rate cut expectations

4 days ago DieselGasoil Comments Off on Asia stocks gain, dollar sags as Fed reinforces rate cut expectations
TOKYO (Reuters) – Asian stocks gained and the dollar sagged on Friday after a top Federal Reserve official all but cemented expectations of a U.S. interest rate cut later this month. FILE PHOTO: A man in a bicycle stops in front of an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Read More

Trump says USS Boxer destroyed Iranian drone in Strait of Hormuz

4 days ago DieselGasoil Comments Off on Trump says USS Boxer destroyed Iranian drone in Strait of Hormuz
Washington — A US Navy ship shot down an Iranian drone Thursday in the Strait of Hormuz, President Donald Trump said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The drone came within 1,000 yards of the ship, the USS Boxer, and ignored “multiple calls to stand down,” Trump Read More