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US to raise tariffs on $550 billion of Chinese imports by 5 percentage points: Trump

4 hours ago DieselGasoil Comments Off on US to raise tariffs on $550 billion of Chinese imports by 5 percentage points: Trump
Washington — The US will raise the tariff on $250 billion worth of Chinese imports from 25% to 30% on October 1, and raise the current 10% tariff on another $300 billion of Chinese imports to 15% on September 1, President Trump tweeted late Friday. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

China to impose 5% tariff on US crude from Sep 1: State Council

10 hours ago DieselGasoil Comments Off on China to impose 5% tariff on US crude from Sep 1: State Council
Singapore — China’s plans to levy 5% tariff on US crude imports from September 1 caused a drop in benchmark crude prices Friday, jeopardized seaborne US crude shipments heading to China and limiting buying interest in US crude from Chinese refiners. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Poland getting ready to welcome major shipments of America’s ‘freedom gas’

13 hours ago DieselGasoil Comments Off on Poland getting ready to welcome major shipments of America’s ‘freedom gas’
Poland will be ready to purchase large volumes of US liquefied natural gas (LNG) starting 2022 or 2023, the country’s state-run natural gas company PGNiG has announced. At the present time, the country is actively buying LNG from a number of countries, according to PGNiG’s Vice-President of the Management Board for Trade, Maciej Woźniak. “Since Read More

Indonesia’s Duri crude gets a boost from IMO 2020 demand for LSFO

15 hours ago DieselGasoil Comments Off on Indonesia’s Duri crude gets a boost from IMO 2020 demand for LSFO
Singapore — Indonesia’s Duri crude oil this month traded at strong premiums forAugust and September loading, driven up by blending requirements ahead of theIMO 2020 low sulfur marine fuel regulation, several trade sources said thisweek. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Both the August-loading and September-loading cargoes Read More

Thyssenkrupp, Kloeckner in talks over co-operation in materials trading: sources

17 hours ago DieselGasoil Comments Off on Thyssenkrupp, Kloeckner in talks over co-operation in materials trading: sources
FRANKFURT (Reuters) – Thyssenkrupp (TKAG.DE) is in talks with Kloeckner & Co (KCOGn.DE) over future cooperation in materials trading, but is not exploring a near-term takeover of the metals firm, three people familiar with the matter said. FILE PHOTO: A logo of Thyssenkrupp AG is pictured at the company’s headquarters in Essen, Germany, November 21, Read More

Facing farmer anger, Trump scrambles Cabinet to brainstorm on biofuel policy: sources

1 day ago DieselGasoil Comments Off on Facing farmer anger, Trump scrambles Cabinet to brainstorm on biofuel policy: sources
WASHINGTON/NEW YORK (Reuters) – U.S. President Donald Trump, faced with mounting anger in the farm belt over policies that allow oil refineries to use less corn-based ethanol, summoned Cabinet members on Thursday to discuss ways to boost biofuel demand, four sources familiar with the matter said. FILE PHOTO: U.S. President Donald Trump returns after travelling Read More

Hasbro takes home Peppa Pig, PJ Masks in $4 billion eOne deal

1 day ago DieselGasoil Comments Off on Hasbro takes home Peppa Pig, PJ Masks in $4 billion eOne deal
(Reuters) – Hasbro Inc will buy Entertainment One Ltd for about $4 billion (3.27 billion pounds) in cash, expanding into the lucrative infant and preschool market by gaining access to popular TV shows like Peppa Pig and PJ Masks. FILE PHOTO: A Monopoly board game by Hasbro Gaming is seen in this illustration photo August Read More

Markets doubt Fed’s ability to defend economy, spur inflation

1 day ago DieselGasoil Comments Off on Markets doubt Fed’s ability to defend economy, spur inflation
JACKSON HOLE, Wyo. (Reuters) – The U.S. Federal Reserve wanted to do two things when it cut rates for the first time in a decade last month: Support the economy and spark inflation expectations. FILE PHOTO: Federal Reserve Chairman Jerome Powell (R) speaks with New York Fed President John Williams and Kansas City Fed President Read More

‘Not our kind of shopping’: Kremlin says ‘buying Greenland’ strictly between US & Denmark

2 days ago DieselGasoil Comments Off on ‘Not our kind of shopping’: Kremlin says ‘buying Greenland’ strictly between US & Denmark
The Kremlin doesn’t want anything to do with the row between the US and Denmark over the ham-fisted proposal to sell Greenland, the spokesman for the Russian president said. “This is not our business. We do not engage in this kind of international shopping,” Dmitry Peskov told journalists on Thursday when asked about the Greenland Read More

China buys U.S. soybeans after declaring ban on American farm goods

2 days ago DieselGasoil Comments Off on China buys U.S. soybeans after declaring ban on American farm goods
CHICAGO (Reuters) – China snapped up a small volume of U.S. soybeans last week after pledging to halt purchases of American farm products due to the escalating trade war between Washington and Beijing, U.S. Department of Agriculture data showed on Thursday. FILE PHOTO: Soybeans fall into a bin as a trailer is filled at a Read More