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Analysis: Asian distillate refining margins receive boost from plant issues

7 hours ago DieselGasoil Comments Off on Analysis: Asian distillate refining margins receive boost from plant issues
Singapore — A recent slew of issues at refineries around the globe has provided a much-needed boost to Asian refining margins in July, improving overall regional fundamentals and opening arbitrage opportunities. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The gasoline market, which has been grappling with a supply Read More

U.S. underlying inflation stirring; labor market tightening

4 days ago DieselGasoil Comments Off on U.S. underlying inflation stirring; labor market tightening
WASHINGTON (Reuters) – U.S. underlying consumer prices increased by the most in nearly 1-1/2 years in June amid solid gains in a range of goods and services, but that did not change expectations the Federal Reserve would cut interest rates this month. FILE PHOTO: People shop at an H&M store during the grand opening of 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

Oil gains after U.S. stockpiles drop, rigs evacuated

5 days ago DieselGasoil Comments Off on Oil gains after U.S. stockpiles drop, rigs evacuated
TOKYO (Reuters) – Oil prices rose on Wednesday after industry data showed U.S. stockpiles fell far more than expected, alleviating concerns about oversupply, while major U.S. producers evacuated rigs in the Gulf of Mexico ahead of a brewing storm. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, Read More

Oil rises on falling U.S. stockpiles, Gulf storm forecast

5 days ago DieselGasoil Comments Off on Oil rises on falling U.S. stockpiles, Gulf storm forecast
TOKYO (Reuters) – Oil prices rose on Wednesday after industry data showed U.S. stockpiles fell far more than expected, alleviating concerns about oversupply, while major U.S. producers evacuated rigs in the Gulf of Mexico ahead of a brewing storm. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, Read More

Air quality plummets as wildfire smoke hits Alaska’s most populous cities

5 days ago DieselGasoil Comments Off on Air quality plummets as wildfire smoke hits Alaska’s most populous cities
ANCHORAGE, Alaska (Reuters) – Smoke and soot from central Alaska wildfires have afflicted the subarctic city of Fairbanks with some of the world’s worst air pollution in recent days, forcing many residents indoors and prompting one hospital to set up a “clean air shelter.” FILE PHOTO: A general view of the skyline obscured by smoke Read More

Oil rises more than 1% after U.S. stockpile drop; Brent nears $65

5 days ago DieselGasoil Comments Off on Oil rises more than 1% after U.S. stockpile drop; Brent nears $65
TOKYO (Reuters) – Oil prices gained more than 1% in early trade on Wednesday, led by U.S. crude after an industry group reported that U.S. stockpiles fell for a fourth week in a row, alleviating concerns about oversupply. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. Read More

In 2018, 90% of the natural gas used in the United States was produced domestically

6 days ago DieselGasoil Comments Off on In 2018, 90% of the natural gas used in the United States was produced domestically
July 9, 2019 Natural gas is one of the main sources of energy in the United States. In 2018, more than 90% of the natural gas consumed in the United States was produced domestically. EIA’s U.S. natural gas flow diagram helps to visualize the elements of U.S. natural gas supply (production, imports, and withdrawals from Read More