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Top U.S. CEOs say companies should put social responsibility above profit

7 hours ago DieselGasoil Comments Off on Top U.S. CEOs say companies should put social responsibility above profit
NEW YORK (Reuters) – Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday. The group’s “statement of corporate purpose” was signed by the heads of more than 180 U.S. companies, including the CEOs of Amazon.com Inc (AMZN.O), American Airlines (AAL.O), the largest airline Read More

Brazilian states bypass Bolsonaro to discuss rainforest protection funding directly

7 hours ago DieselGasoil Comments Off on Brazilian states bypass Bolsonaro to discuss rainforest protection funding directly
FILE PHOTO: An aerial view of a section of deforested Amazon rainforest turned into farmland near the city of Alta Floresta, Para state, Brazil, June 19, 2013. REUTERS/Nacho Doce/File Photo BRASILIA (Reuters) – Brazilian states containing the country’s Amazon rainforest said they want to negotiate directly with European nations who fund projects to curb deforestation Read More

‘Massive f*** up’: Bungled auction turns cheers to jeers as Nazi-era ‘Porsche’ fails to sell

18 hours ago DieselGasoil Comments Off on ‘Massive f*** up’: Bungled auction turns cheers to jeers as Nazi-era ‘Porsche’ fails to sell
A Nazi-era Porsche that was set to become one of the most expensive automobiles in history failed to sell at auction after a technical mix-up. The race car, a 1939 Porsche Type 64, hit the auction block at RM Sotheby’s in Monterey, California, on Saturday, with predictions estimating it would sell for hefty $20 million. Read More

U.S. oil export race accelerates as Enterprise makes leap ahead

18 hours ago DieselGasoil Comments Off on U.S. oil export race accelerates as Enterprise makes leap ahead
By Sheela Tobben on 8/19/2019 NEW YORK (Bloomberg) – The race to develop oil terminals that can fully load supertankers on the U.S. Gulf Coast remains congested, even as one of North America’s largest pipeline operators decided to push its project ahead. Over a year, more than 10 projects have been proposed for terminals that, Read More

Amazon.com defeats IRS appeal in U.S. tax dispute

3 days ago DieselGasoil Comments Off on Amazon.com defeats IRS appeal in U.S. tax dispute
(Reuters) – Amazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary. FILE PHOTO: An Amazon package is seen after being delivered in London, Britain February 29, 2016. REUTERS/Toby Melville/Files In Read More

Frac companies get fresh hope UK government will loosen rules

4 days ago DieselGasoil Comments Off on Frac companies get fresh hope UK government will loosen rules
By Timothy Abington and Jeremy Hodges on 8/16/2019 LONDON (Bloomberg) – A change of British government has given the much-maligned fracing industry another opportunity to make out its case for stimulating the controversial technique to tap unconventional natural gas reserves. Prime Minister Boris Johnson and his new business minister, Andrea Leadsom, have come out in Read More

Benzene market tightens on naphtha supply buildup

4 days ago DieselGasoil Comments Off on Benzene market tightens on naphtha supply buildup
Highlights Naphtha-benzene spread hits two-year high Naphtha oversupply pressuring pricing London — The spread between benzene and naphtha hit a two-year high this week at $385/mt Wednesday — the widest point since December 2017. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The spread was last seen at $353/mt Read More

Refinery news roundup: Minor works at Russian refineries, Antipinsky back

4 days ago DieselGasoil Comments Off on Refinery news roundup: Minor works at Russian refineries, Antipinsky back
London — Only minor works were heard at Russian refineries before the start of the autumn refinery turnaround season in October. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Meanwhile, the Antipinsky refinery resumed operations on July 18, Sberbank said in a statement. Socar Energoresurs, a joint venture between Read More

TransGlobe Energy Corporation Announces an Update to a Significant Shareholder

4 days ago DieselGasoil Comments Off on TransGlobe Energy Corporation Announces an Update to a Significant Shareholder
CALGARY, Alberta, Aug. 16, 2019 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (AIM & TSX: “TGL” & NASDAQ: “TGA”) understands that as of August 14, 2019, Morgan Stanley, through various funds, individuals and/or institutional clients of the foregoing, beneficially own an aggregate interest in 5,006,884 common shares of the Company, which represents Read More

Analysis: Oct light sour crude sees upside potential on firm Asian demand

4 days ago DieselGasoil Comments Off on Analysis: Oct light sour crude sees upside potential on firm Asian demand
Light, high sulfur crude grades loading from the Persian Gulf in October and flowing into Asia have the potential to trade at higher premiums than previously expected due to firm product margins and robust demand from North Asian refiners, traders told S&P Global Platts this week. Not registered? Receive daily email alerts, subscriber notes & Read More