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Crude settles lower as Saudi attacks take back seat to growth concerns

1 hour ago DieselGasoil Comments Off on Crude settles lower as Saudi attacks take back seat to growth concerns
Highlights Trump downplays trade deal with China Risk premium remains Refined products weaker New York — Crude futures settled slightly lower Friday, as the recent attacks on Saudi Arabian oil infrastructure took a back seat to global demand growth worries. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX Read More

ICE refined products crack spreads weaken as USGC refiners return, post-Imelda

1 hour ago DieselGasoil Comments Off on ICE refined products crack spreads weaken as USGC refiners return, post-Imelda
New York — ExxonMobil ramps up Beaumont Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Energy Transfer’s Nederland terminal returns USGC well-supplied Refined products crack spreads weakened Friday as refinery operations were returning in the US Gulf Coast in the aftermath of Tropical Depression Imelda. The ICE front-month ULSD Read More

Oil slips on trade fears but soars in week after Saudi production attacked

3 hours ago DieselGasoil Comments Off on Oil slips on trade fears but soars in week after Saudi production attacked
NEW YORK (Reuters) – Oil prices eased on Friday on renewed concern over the U.S.-China trade war, but futures still posted weekly gains, with Brent marking its biggest weekly increase since January, after an attack on Saudi Arabia’s energy industry last weekend. Brent crude LCOc1 futures fell 12 cents to settle at $64.28 a barrel, Read More

Oil heads for weekly gain of more than 7% after Saudi attacks

6 hours ago DieselGasoil Comments Off on Oil heads for weekly gain of more than 7% after Saudi attacks
NEW YORK (Reuters) – Oil prices rose about 1% on Friday, with Brent set for its biggest weekly gain since January, lifted by rising Middle East tensions and supply concerns after an attack on Saudi Arabia’s energy industry last weekend. Brent crude LCOc1 futures rose 45 cents, or 0.7%, to $64.85 a barrel by 11:32 Read More

Stimulus soothes stocks as oil heads higher

11 hours ago DieselGasoil Comments Off on Stimulus soothes stocks as oil heads higher
LONDON (Reuters) – World shares climbed on Friday as stimulus measures by major central banks eased worries about growth, especially in Asian markets, while oil headed for its best week since January. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo China Read More

Oil set for biggest weekly gain since January after Saudi attack

12 hours ago DieselGasoil Comments Off on Oil set for biggest weekly gain since January after Saudi attack
By Grant Smith on 9/20/2019 LONDON (Bloomberg) – Oil was on track for its biggest weekly increase since January as traders waited to see whether Saudi Arabia can fulfill promises to swiftly repair a critical processing facility attacked last weekend. The world’s biggest crude exporter has vowed to restore its Abqaiq plant this month after Read More

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

17 hours 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

Crude oil futures move higher on Imelda storm concerns

19 hours ago DieselGasoil Comments Off on Crude oil futures move higher on Imelda storm concerns
Singapore — Crude oil futures rose during mid-morning trade in Asia Friday, finding support from bullish US products futures as Tropical Depression Imelda in Texas pushed prices higher. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:15 am in Singapore (0215 GMT), ICE Brent November crude futures rose Read More

After Abqaiq, analysts see higher oil price risk premium, more supply disruptions

1 day ago DieselGasoil Comments Off on After Abqaiq, analysts see higher oil price risk premium, more supply disruptions
Highlights Saudi attacks result in $5-$10/b premium Brent price rises $4.18/b since Saturday’s attack US-Iran tensions increase likelihood of similar supply attacks Washington — The unprecedented attacks on Saudi oil facilities over the weekend are widely viewed by analysts as the most significant supply disruption the oil market has ever seen, increasing the geopolitical risk Read More

Refined products rally as storm disrupts USGC refinery operations

1 day 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