newszine

Schulich buys 5% of MEG Energy despite Canadian energy concerns

3 days ago DieselGasoil Comments Off on Schulich buys 5% of MEG Energy despite Canadian energy concerns
By Doug Alexander and Michael Bellusci on 6/14/2019 TORONTO (Bloomberg) –Canadian investor Seymour Schulich said he bought about 5% of MEG Energy for the first time “in the last couple of weeks,” underscoring his bullish view on energy despite his concerns that Canada is squandering its resource legacy. “We’ve got a window here and it’s Read More

Softening Brent crude spreads pull Dubai complex lower

6 days ago DieselGasoil Comments Off on Softening Brent crude spreads pull Dubai complex lower
Singapore — Backwardation in the Dubai intermonth spreads followed Brent spreads lower in mid-morning trading in Asia on Tuesday, as tepid demand played on the global crude structure. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now However, the fall in Brent intermonth structure outstripped that for Dubai, with a Read More

Keystone XL pipeline no closer to construction despite Montana court win

7 days ago DieselGasoil Comments Off on Keystone XL pipeline no closer to construction despite Montana court win
Washington — Court lifts injunction that banned work since November Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now TC Energy has yet to make final investment decision Pipeline expected to shrink WCS discount to WTI Construction of the proposed 830,000 b/d Keystone XL heavy oil pipeline is not expected Read More

Alberta’s oil supply cuts find a sweet spot

1 week ago DieselGasoil Comments Off on Alberta’s oil supply cuts find a sweet spot
By Robert Tuttle on 6/10/2019 CALGARY (Bloomberg) –Alberta may have finally found the right level for its oil curtailment program that has sent local oil prices on a roller coaster for the last few months. Last week, Jason Kenney’s new provincial government announced it would roll the 3.71 MMbpd June production limit into July. That Read More

YOUR MONEY – Do the math before you pick the expensive school zone

1 week ago DieselGasoil Comments Off on YOUR MONEY – Do the math before you pick the expensive school zone
NEW YORK (Reuters) – For John Bohnsack, it was a classic parental dilemma: Get a small, expensive house in a high-quality school district, or pay less and get more house in a worse neighborhood. The financial planner, 34, and his wife opted for the better school district in College Station, Texas, a university town that Read More

Japan sells 1.73 mil barrels of Khafji crude from SPR in Shibushi

1 week ago DieselGasoil Comments Off on Japan sells 1.73 mil barrels of Khafji crude from SPR in Shibushi
Tokyo — Japan’s Ministry of Economy, Trade and Industry Monday sold via tender around 275,283 kiloliters or 1.73 million barrels of Khafji crude oil from the Shibushi strategic petroleum reserves in Kagoshima, a ministry official said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now This is part of Japan’s Read More

Kuwait’s KPC inks Aug 2019-Jul 2020 naphtha term deals at higher premiums

2 weeks ago DieselGasoil Comments Off on Kuwait’s KPC inks Aug 2019-Jul 2020 naphtha term deals at higher premiums
Singapore — Kuwait Petroleum Corporation has concluded its August 2019-July 2020 naphtha term deals at higher premiums versus the April 2019-March 2020 cycle, a source close to the company said late Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The cash differential for full-range naphtha was concluded at Read More

US court reverses Enbridge Line 3 approval in latest blow to Alberta oil producers

2 weeks ago DieselGasoil Comments Off on US court reverses Enbridge Line 3 approval in latest blow to Alberta oil producers
Highlights Order could delay 375,000 b/d expansion beyond H2 2020 Project was set to beat stalled Keystone XL, Trans Mountain WCS rises as Alberta wildfire concerns shut some production Washington — Minnesota’s Court of Appeals on Monday reversed state regulators’ approval of Enbridge’s Line 3 replacement project, potentially delaying the first relief for Alberta’s constrained Read More

Brunei Shell raises Apr Seria Light, Champion crude OSPs from Mar

2 weeks ago DieselGasoil Comments Off on Brunei Shell raises Apr Seria Light, Champion crude OSPs from Mar
Singapore — Brunei Shell has raised the official selling price of Seria Light crude lifted in April by $5.24/b from March to $75.36/b, market sources said Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The April OSP for Champion crude was set at $75.41/b, $5.24/b higher month on Read More