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Fed’s commitment to act upstaged by Trump’s furor

6 hours ago DieselGasoil Comments Off on Fed’s commitment to act upstaged by Trump’s furor
JACKSON HOLE, Wyo. (Reuters) – Federal Reserve Chair Jerome Powell said the central bank would “act as appropriate” to keep the U.S. economy healthy, stopping short of committing to rapid-fire rate cuts and drawing fire from President Donald Trump. Powell’s words were barely out of his mouth when Trump ratcheted up his war of words Read More

Ghosts of 2002 ‘corralito’ spur Argentines to shun banks, stash cash at home

8 hours ago DieselGasoil Comments Off on Ghosts of 2002 ‘corralito’ spur Argentines to shun banks, stash cash at home
BUENOS AIRES (Reuters) – It happened in 1989. It happened in 2002. Argentines who are old enough to remember do not want to go through it again. FILE PHOTO: A man shows Argentine pesos outside a bank in Buenos Aires’ financial district, Argentina August 30, 2018. REUTERS/Marcos Brindicci/File Photo A run on the peso since Read More

Powell’s speech support U.S. rate-cut bets

10 hours ago DieselGasoil Comments Off on Powell’s speech support U.S. rate-cut bets
NEW YORK (Reuters) – U.S. interest rates futures rose on Friday as Federal Reserve Chair Jerome Powell said the central bank will do what it can to preserve the longest U.S. economic expansion on record, supporting bets on a further decline in key borrowing costs. FILE PHOTO: A screen shows the numbers after the closing Read More

U.S. rates futures slip ahead of Powell’s speech

13 hours ago DieselGasoil Comments Off on U.S. rates futures slip ahead of Powell’s speech
NEW YORK (Reuters) – U.S. interest rates futures declined on Friday for a third straight day ahead of a highly anticipated speech by Federal Reserve Chair Jerome Powell, which traders will scour for clues on whether the central bank is ready to lower rates again. FILE PHOTO: A screen shows the numbers after the closing Read More

EU piles pressure on Brazil over Amazon fires

14 hours ago DieselGasoil Comments Off on EU piles pressure on Brazil over Amazon fires
DUBLIN/BRUSSELS (Reuters) – The European Union piled pressure on Friday on Brazilian President Jair Bolsonaro over fires raging in the Amazon basin, with Ireland and France saying they could block a trade deal and Finland urging a ban on Brazilian beef imports. FILE PHOTO: Indigenous people from the Mura tribe show a deforested area in Read More

The United States tends to produce lighter crude oil and import heavier crude oil

14 hours ago DieselGasoil Comments Off on The United States tends to produce lighter crude oil and import heavier crude oil
August 23, 2019 In 2018, total U.S. crude oil production grew by 17%, led by increased production of relatively light, less dense crude oil. The increase in light crude oil production is largely the result of the growth in crude oil production from shale and tight rock formations, which are now more accessible because of Read More

Russia data: July fuel oil exports down 11.6% on year to 2.532 mil mt

15 hours ago DieselGasoil Comments Off on Russia data: July fuel oil exports down 11.6% on year to 2.532 mil mt
London — Russian fuel oil exports in July fell 11.6% year on year to 2.532 million mt while domestic deliveries were up 0.6% to 0.944 million mt, according to data released late Thursday by the Central Dispatching Unit of the Russian energy ministry. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Indonesia’s Duri crude gets a boost from IMO 2020 demand for LSFO

15 hours ago DieselGasoil Comments Off on Indonesia’s Duri crude gets a boost from IMO 2020 demand for LSFO
Singapore — Indonesia’s Duri crude oil this month traded at strong premiums forAugust and September loading, driven up by blending requirements ahead of theIMO 2020 low sulfur marine fuel regulation, several trade sources said thisweek. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Both the August-loading and September-loading cargoes Read More

Tesla in advanced talks with LG Chem on battery supply in China: source

17 hours ago DieselGasoil Comments Off on Tesla in advanced talks with LG Chem on battery supply in China: source
(Reuters) – U.S. electric vehicle maker Tesla Inc (TSLA.O) is in advanced talks with South Korea’s LG Chem Ltd (051910.KS) to source batteries for vehicles to be made in its Shanghai plant, a person familiar with the matter said. FILE PHOTO – Tesla super chargers are shown in Mojave, California, U.S. July 10, 2019. REUTERS/Mike Read More