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

17 mins 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

Analysis: Saudi disruptions expose Asia’s deficient emergency oil reserves

1 hour ago DieselGasoil Comments Off on Analysis: Saudi disruptions expose Asia’s deficient emergency oil reserves
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

India’s state-run refineries assured of ‘uninterrupted’ Saudi supplies in Oct

3 hours ago DieselGasoil Comments Off on India’s state-run refineries assured of ‘uninterrupted’ Saudi supplies in Oct
Singapore — Indian state-run refineries will receive uninterrupted crude supplies from Saudi Arabia in October, oil ministry officials said Thursday, allaying fears of any temporary supply disruption due to the recent attacks on Saudi Aramco’s key oil facilities. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now India’s oil minister Read More

Three state-run Chinese refineries face delays in Saudi crude shipments in Q4

3 hours ago DieselGasoil Comments Off on Three state-run Chinese refineries face delays in Saudi crude shipments in Q4
Singapore — Three state-run refineries in China expect delays in Saudi crude shipments in the fourth quarter, as loading schedules for some October term contract barrels have been pushed back due to the recent output disruption, said refinery sources with direct knowledge of the matter Wednesday. Not registered? Receive daily email alerts, subscriber notes & Read More

Crude oil futures steady amid US stockbuild, geopolitical risks

6 hours ago DieselGasoil Comments Off on Crude oil futures steady amid US stockbuild, geopolitical risks
Singapore — Crude oil futures were largely steady during mid-morning trade in Asia Thursday amid a combination of bullish and bearish factors emerging from a build in US crude stocks and ongoing supply and geopolitical risks in the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At Read More

Britain launches first major auction for offshore wind leases in a decade

11 hours ago DieselGasoil Comments Off on Britain launches first major auction for offshore wind leases in a decade
LONDON (Reuters) – Britain has launched its first major auction of offshore wind farm leases in a decade, offering sites with the combined potential to power more than six million homes. Britain is already the world’s largest offshore wind market, and plans to generate a third of its electricity from the technology by 2030 as Read More

Trump and California go to war over clean cars

14 hours ago DieselGasoil Comments Off on Trump and California go to war over clean cars
WASHINGTON (Reuters) – U.S. President Donald Trump and the state of California went to war on Wednesday over who should set the standards in the United States for vehicle emissions and electric cars, foreshadowing a legal battle over environmental policy issues that will affect the auto industry and consumers. In a morning flurry of tweets, Read More

Analysis: US crude stocks climb 1.06 million barrels as refiners cut runs, imports rise

14 hours ago DieselGasoil Comments Off on Analysis: US crude stocks climb 1.06 million barrels as refiners cut runs, imports rise
New York — US crude inventories climbed 1.06 million barrels last week to 417.13 million barrels, as refiners cut runs while imports edged higher, US Energy Information Administration data showed Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The stock build was considered bearish for NYMEX crude futures, Read More

Saudi attack damages kingdom’s role as guardian of the oil market

18 hours ago DieselGasoil Comments Off on Saudi attack damages kingdom’s role as guardian of the oil market
By Grant Smith on 9/18/2019 LONDON (Bloomberg) – Saudi Arabia is fixing its energy infrastructure and restoring crude production, but the weekend’s attacks may have done irreparable damage to one of the kingdom’s greatest assets — its role as guardian of global oil markets. For decades, Riyadh has kept a buffer of spare production capacity Read More

Oil markets well supplied, no need for emergency stock release: IEA’s Birol

19 hours ago DieselGasoil Comments Off on Oil markets well supplied, no need for emergency stock release: IEA’s Birol
Author Nick Coleman Editor James Leech Commodity Oil Author Nick Coleman Editor James Leech Commodity Oil London — Oil markets remain well supplied, with ample stocks available and no need for a release of emergency stocks, IEA Executive Director Fatih Birol said Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More