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

4 hours 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

4 hours 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

Huawei takes on Apple’s new iPhone 11 with Mate 30 range

5 hours ago DieselGasoil Comments Off on Huawei takes on Apple’s new iPhone 11 with Mate 30 range
MUNICH (Reuters) – Huawei launched its Mate 30 smartphone range on Thursday in a challenge to Apple’s (AAPL.O) new iPhone 11, saying the Chinese firm’s new devices were more compact, their cameras superior and wraparound screens brighter. Richard Yu, CEO of Huawei’s consumer business group, launches the Mate 30 smartphone range at the Convention Read More

Huawei hails own apps in Mate 30 challenge to iPhone 11

9 hours ago DieselGasoil Comments Off on Huawei hails own apps in Mate 30 challenge to iPhone 11
MUNICH (Reuters) – Huawei directly challenged Apple’s (AAPL.O) new iPhone 11 with its new Mate 30 smartphone range on Thursday, highlighting its own apps brand while sidestepping the critical issue of access to Google (GOOGL.O) services. At a glitzy launch in the German city of Munich, the Chinese firm said its new Mate 30 Pro Read More

Filling Aramco’s crude orders will get tricky if repair timetable slips

9 hours ago DieselGasoil Comments Off on Filling Aramco’s crude orders will get tricky if repair timetable slips
By Verity Ratcliffe on 9/19/2019 DUBAI (Bloomberg) – Saudi Arabia’s pledge to fulfill all commitments to oil buyers after a strike on the giant processing plant at Abqaiq means the world’s largest crude exporter must continue to draw heavily on its inventories until production capacity returns. State oil company Saudi Aramco has more than enough Read More

Huawei takes on Apple’s new iPhone 11 with Mate 30 range

12 hours ago DieselGasoil Comments Off on Huawei takes on Apple’s new iPhone 11 with Mate 30 range
MUNICH (Reuters) – Huawei launched its Mate 30 smartphone range on Thursday in a challenge to Apple’s (AAPL.O) new iPhone 11, saying the Chinese firm’s new devices were more compact, their cameras superior and wraparound screens brighter. Richard Yu, CEO of Huawei’s consumer business group, launches the Mate 30 smartphone range at the Convention Read More

Factbox: Attacks on Saudi oil units affecting major Asian crude buyers differently

15 hours ago DieselGasoil Comments Off on Factbox: Attacks on Saudi oil units affecting major Asian crude buyers differently
Singapore — The attacks on Saudi Aramco’s oil facilities have exposed Asia’s vulnerabilities in absorbing supply disruptions with purpose-built emergency stocks, which either don’t exist or fall short of global standards. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now While organizations like the International Energy Agency have coordinated strategic Read More

Exxon puts $15 billion of global assets up for sale

15 hours ago DieselGasoil Comments Off on Exxon puts $15 billion of global assets up for sale
By James Thornhill on 9/19/2019 SYDNEY (Bloomberg) –Exxon Mobil Corp. is again trying to sell its oil and gas operations in southeast Australia as part of a move to shed assets and boost shareholder returns. The U.S. supermajor “will be testing market interest” for global assets, including what it operates in Australia, the company said Read More

Saudi Arabia looking to buy Iraqi crude in wake of recent attacks: sources

21 hours ago DieselGasoil Comments Off on Saudi Arabia looking to buy Iraqi crude in wake of recent attacks: sources
Highlights Aramco contacted SOMO for Basrah Light barrels SOMO yet to comply with request Saudi focusing on diverting more barrels for export Singapore — The world’s largest crude exporter, Saudi Arabia has approached Iraq’s State Oil Marketing Organization to buy Iraqi crude as it looks to fill a supply shortfall in the wake of the Read More

Trump names new US national security advisor, likely maintaining Iran policy

1 day ago DieselGasoil Comments Off on Trump names new US national security advisor, likely maintaining Iran policy
Highlights New advisor has called Iran ‘sworn enemy’ of US O’Brien appointed as US debates response to Saudi oil attacks Pompeo meeting with Saudi crown prince Washington — US President Trump on Wednesday named Robert C. O’Brien as his new national security advisor, diminishing the dim prospect that US sanctions on Iranian oil flows may Read More