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Crude treads water as market looks to G-20 for direction

6 hours ago DieselGasoil Comments Off on Crude treads water as market looks to G-20 for direction
New York — Crude futures finished Tuesday’s session mixed as the market treaded water ahead of the G-20 summit beginning later this week in Osaka, Japan. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now ICE August Brent settled up 19 cents at $65.05/b while NYMEX August WTI fell 7 Read More

Asian sweet crude market weakens for August cycle on poor margins

5 days ago DieselGasoil Comments Off on Asian sweet crude market weakens for August cycle on poor margins
Singapore — Traded differentials for Asian sweet crude grades fell across the board for the August trading cycle, weighed down by greater supply this month and weak demand as refiners cut run rates amid poor refining margins, trade sources said Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Crude oil futures rise on bullish EIA data, clarity on OPEC meet

6 days ago DieselGasoil Comments Off on Crude oil futures rise on bullish EIA data, clarity on OPEC meet
Singapore — Crude oil futures were higher during mid-morning trade in Asia Thursday amid a draw reported in US crude inventories last week, while more clarity emerged on the schedule of OPEC’s bi-annual meeting. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:30 am Singapore time (0230 GMT), Read More

NYMEX RBOB jumps after counter-consensus US inventory draw

6 days ago DieselGasoil Comments Off on NYMEX RBOB jumps after counter-consensus US inventory draw
Houston — NYMEX product futures settled higher Wednesday after US Energy Information Administration data showed counter-consensus draws in both gasoline and distillate inventories last week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX July RBOB settled up 1.41 cents at $1.7355/gal and July ULSD was 16 cents stronger Read More

Analysis: US crude stocks slide as export surge weighs heavily on USGC inventories

6 days ago DieselGasoil Comments Off on Analysis: US crude stocks slide as export surge weighs heavily on USGC inventories
New York — Crude stocks fall 3.11 million barrels to 482.36 million barrels Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Exports jump to 3.42 million b/d Record gasoline demand drives inventories 1.7 million barrels lower US crude inventories fell last week amid a surge in export activity, US Read More

Analysis: Persian Gulf tensions offer South Korea the chance to clear surplus naphtha barrels

1 week ago DieselGasoil Comments Off on Analysis: Persian Gulf tensions offer South Korea the chance to clear surplus naphtha barrels
Highlights South Korea’s naphtha stockpiles reach 2019 peak in April Ethylene producers keen to absorb domestic naphtha stockpiles Taiwan’s CPC Corp. seeks replacement naphtha after tanker fire Logistics jitters in Persian Gulf waters following the latest tanker fire incident could provide South Korea with a golden opportunity to offload its growing naphtha stockpiles as regional Read More

Oil settles lower amid dimming demand outlooks

1 week ago DieselGasoil Comments Off on Oil settles lower amid dimming demand outlooks
An afternoon selloff pushed oil futures to settle just off session lows as economic growth concerns weighed on demand outlooks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX product futures saw steep declines Monday. July ULSD settled down 2.99 cents at $1.7995/gal and July RBOB was 4.17 cents Read More

Refinery news roundup: Midwest refineries restart as flood waters recede; planned work ends

2 weeks ago DieselGasoil Comments Off on Refinery news roundup: Midwest refineries restart as flood waters recede; planned work ends
New York — The Midwest refining complex is getting back to normal as a particularly heavy turnaround season ends and flood waters recede after a spate of heavy rain impacted local operations. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now HollyFrontier restarted the 70,000 b/d East Plant of its Read More

Analysis: Crude futures tumble as US supply continues to climb

2 weeks ago DieselGasoil Comments Off on Analysis: Crude futures tumble as US supply continues to climb
New York — Crude futures tumbled Wednesday following a US crude stock build reported by the US Energy Information Administration. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX July crude settled $2.13 lower at $51.14/b. ICE August Brent settled $2.32 lower at $59.97/b. This is the first time Read More

Fujairah data: Oil product stocks fall to 4-week low amid soft holiday trading

2 weeks ago DieselGasoil Comments Off on Fujairah data: Oil product stocks fall to 4-week low amid soft holiday trading
Dubai — Refined oil product stockpiles at Fujairah in the UAE fell to a four-week low as of Monday, amid muted trading during the Eid-al-Fitr holidays last week, according to data released Wednesday by the Fujairah Oil Industry Zone. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Total inventories Read More