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‘It’s theft’: RT’s Keiser Report unearths ugly truth about negative yield bonds

2 days ago DieselGasoil Comments Off on ‘It’s theft’: RT’s Keiser Report unearths ugly truth about negative yield bonds
RT’s latest episode of The Keiser Report looks at what the infamous negative yielding bonds are made of, who profits from them – and who suffers losses. The negative yielding bonds are, in truth, an “instrument of forced inflation” aimed at the “destruction of purchasing power,” Karl Denninger ofMarket-Ticker.org told Max Keiser in the episode. “Negative Read More

Feature: USGC ULSD jumps as export demand to Brazil surges

3 days ago DieselGasoil Comments Off on Feature: USGC ULSD jumps as export demand to Brazil surges
Houston — Brazilian demand for US Gulf Coast diesel (gasoil) this month — spurred by a refinery outage and state-run pricing — has helped drain supplies and push spot differentials past a one-month high. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now S&P Global Platts assessed USGC ULSD Thursday 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

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

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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

Harvest Oil & Gas Announces Second Quarter 2019 Results

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HOUSTON, Aug. 14, 2019 (GLOBE NEWSWIRE) — Harvest Oil & Gas Corp. (OTCQX: HRST) (“Harvest” or the “Company”) today announced results for the second quarter of 2019 and the filing of its Form 10-Q with the Securities and Exchange Commission (“SEC”) on August 14, 2019. Harvest is the successor reporting company to EV Energy Partners, Read More

Asian middle distillates supply may balloon as refineries restart from maintenance

7 days ago DieselGasoil Comments Off on Asian middle distillates supply may balloon as refineries restart from maintenance
Singapore — The Asian middle distillates complex is likely to face headwinds thisweek as fresh barrels are expected to hit the spot market with the restart ofseveral regional refineries following completion of scheduled turnarounds. Meanwhile, weaker demand for middle distillate cargoes towards the end ofthe peak travel season could also weigh on prices, market participants Read More

Low crude gives airlines opportunity to increase jet fuel hedging

2 weeks ago DieselGasoil Comments Off on Low crude gives airlines opportunity to increase jet fuel hedging
London — Airlines are topping up their hedging levels in the wake of falling Brent crude, low sulfur gasoil futures and outright jet fuel swap prices, sources say. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Airlines hedge the majority of their fuel costs against Brent crude but have Read More

Ultra Petroleum Corp. Announces Second Quarter 2019 Results Outperforming Guidance on Production and Controllable Cash Costs and Provides Operations Update with Decision to Reduce Capital Expenditures by Reducing Activity to a Single Operated Drilling Rig

2 weeks ago DieselGasoil Comments Off on Ultra Petroleum Corp. Announces Second Quarter 2019 Results Outperforming Guidance on Production and Controllable Cash Costs and Provides Operations Update with Decision to Reduce Capital Expenditures by Reducing Activity to a Single Operated Drilling Rig
ENGLEWOOD, Colo., Aug. 09, 2019 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (“Ultra Petroleum” or the “Company”) (OTCQX: UPLC) announces financial and operating results for the quarter ended June 30, 2019. Financial and Operating Highlights: Second quarter production was 62.5 billion cubic feet equivalent (“Bcfe”), above guidance, The Company brought 26 gross (26.0 net) operated vertical Read More

Contango Announces Second Quarter 2019 Financial Results and Provides Operational Update

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HOUSTON, Aug. 08, 2019 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today its financial results for the second quarter ended June 30, 2019 and provided an operational update. Second Quarter Highlights Production of 2.9 Bcfe for the quarter, or 32.3 Mmcfe per day, approximate mid-point of Read More

Targa Resources Corp. Reports Second Quarter 2019 Financial Results and Announces Grand Prix NGL Pipeline is Fully In-Service to Mont Belvieu

2 weeks ago DieselGasoil Comments Off on Targa Resources Corp. Reports Second Quarter 2019 Financial Results and Announces Grand Prix NGL Pipeline is Fully In-Service to Mont Belvieu
HOUSTON, Aug. 08, 2019 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“TRC”, the “Company” or “Targa”) today reported second quarter 2019 results. Second Quarter 2019 Financial Results Second quarter 2019 net income (loss) attributable to Targa Resources Corp. was ($10.2) million compared to $109.1 million for the second quarter of 2018. The Company reported quarterly Read More