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Interview: Corpus Christi aims to rival Houston with 4 million b/d crude export capacity

3 days ago DieselGasoil Comments Off on Interview: Corpus Christi aims to rival Houston with 4 million b/d crude export capacity
Highlights Port CEO wants Corpus to be ‘Cushing of the coast’ Export market crowded with deepwater, onshore proposals Corpus Christi studies 75-foot-deep shipping channel Washington — The Port of Corpus Christi aims to become the “Cushing of the coast” by drawing more and more North American crude oil barrels with 4 million b/d of export Read More

Buggin’ out: Last ever Volkswagen Beetle rolls off Mexican production line

4 days ago DieselGasoil Comments Off on Buggin’ out: Last ever Volkswagen Beetle rolls off Mexican production line
Volkswagen’s iconic Beetle car rolled off the production line in Mexico for the final time this week. The sendoff ceremony was accompanied by a Mariachi band. The Volkswagen factory in Puebla was the only one left in the world making the original Beetle cars and more recently the only one making the modern version. The Read More

Property speculators hope for investment paradise in southwest China

4 days ago DieselGasoil Comments Off on Property speculators hope for investment paradise in southwest China
XISHUANGBANNA, China (Reuters) – A bus came to a halt amid a tropical rainforest not far from China’s border with Myanmar, dropping off about 30 investors on a property tour, some with children in tow. Villas of real estate property “Viva Villa” developed by Ping An Real Estate are seen under construction in Xishuangbanna Dai Read More

New Orleans port closes, refinery shuts as Tropical Storm Barry targets Louisiana

4 days ago DieselGasoil Comments Off on New Orleans port closes, refinery shuts as Tropical Storm Barry targets Louisiana
New York — Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Port of New Orleans has been closed to incoming traffic and Phillips 66 is shutting its Alliance refinery as Louisiana prepares to weather the hit from Tropical Storm Barry. Phillips 66 spokesman Dennis Nuss said Thursday non-essential Read More

US to sanction China if Iranian crude trade continues: State

4 days ago DieselGasoil Comments Off on US to sanction China if Iranian crude trade continues: State
US views Chinese imports as weakening ‘maximum pressure’ Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now China importing an estimated 150,000-200,000 b/d of Iranian crude The US will sanction China if it continues to import Iranian crude in violation of American sanctions, a US Department of State spokeswoman warned Read More

Phillips 66 shuts in Alliance refinery ahead of Tropical Storm Barry: company

4 days ago DieselGasoil Comments Off on Phillips 66 shuts in Alliance refinery ahead of Tropical Storm Barry: company
Highlights Gulf Coast spot gasoline, jet prices on the rise Refined product, crude futures slightly higher Chevron Fourchon, Empire terminals still operating Houston — Phillips 66 is preparing to shut its 253,600 b/d Alliance refinery in Belle Chasse, the company said Thursday, the first plant to shut ahead of the storm bearing down on the Read More

Saudis pledge to keep doing OPEC’s heavy lifting as shale surges

4 days ago DieselGasoil Comments Off on Saudis pledge to keep doing OPEC’s heavy lifting as shale surges
By Anthony DiPaola on 7/11/2019 DUBAI (Bloomberg) — Saudi Arabia is fulfilling its pledge to make deeper cuts in oil output than the OPEC+ agreement on output requires, according to the first indication of the kingdom’s production since the supplier group extended curbs earlier this month. The de facto leader of the Organization of Petroleum Read More

US refinery casualty set to ease Europe’s gasoline glut

4 days ago DieselGasoil Comments Off on US refinery casualty set to ease Europe’s gasoline glut
London — The planned closure of the fire-damaged Philadelphia refinery, the biggest on the US East Coast, has already riled the gasoline-hungry local market but will likely extend a limited lifeline to European refiners struggling to find buyers for their surplus gasoline. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Read More

Firmer Asia gasoline fundamentals push Aug/Sep timespread to near 2-month high

5 days ago DieselGasoil Comments Off on Firmer Asia gasoline fundamentals push Aug/Sep timespread to near 2-month high
Singapore — Firmer sentiment and strong fundamentals in the Asian gasoline market drove the front-month August/September timespread to a near two-month high Wednesday, as fresh demand emerged in the physical market, industry sources said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now On the derivatives market, the August/September Singapore Read More

Parkland Announces Closing of Senior Unsecured Notes Offering

5 days ago DieselGasoil Comments Off on Parkland Announces Closing of Senior Unsecured Notes Offering
CALGARY, Alberta, July 10, 2019 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”) (TSX:PKI), announced today the closing of its previously announced private offering (the “offering”) of US$500 million aggregate principal amount of senior unsecured notes due 2027 (the “notes”). The notes bear interest at a rate of 5.875% per annum and were priced at par, Read More