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Oil slips on trade fears but soars in week after Saudi production attacked

3 hours ago DieselGasoil Comments Off on Oil slips on trade fears but soars in week after Saudi production attacked
NEW YORK (Reuters) – Oil prices eased on Friday on renewed concern over the U.S.-China trade war, but futures still posted weekly gains, with Brent marking its biggest weekly increase since January, after an attack on Saudi Arabia’s energy industry last weekend. Brent crude LCOc1 futures fell 12 cents to settle at $64.28 a barrel, Read More

Stimulus soothes stocks as oil heads higher

11 hours ago DieselGasoil Comments Off on Stimulus soothes stocks as oil heads higher
LONDON (Reuters) – World shares climbed on Friday as stimulus measures by major central banks eased worries about growth, especially in Asian markets, while oil headed for its best week since January. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo China Read More

Saudi Oct term propane CP expected above $400/mt as supply worries linger

14 hours ago DieselGasoil Comments Off on Saudi Oct term propane CP expected above $400/mt as supply worries linger
Singapore — Saudi Aramco is expected to set the October propane term contract price at just above $400/mt, versus $350/mt for September, traders said Friday, as details emerged that some Indian companies had their October-loading term cargoes deferred in the recent acceptances of nominations. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Singapore light distillate stocks post sharpest fall in 9 months as gasoline exports rise

19 hours ago DieselGasoil Comments Off on Singapore light distillate stocks post sharpest fall in 9 months as gasoline exports rise
Singapore — Commercial onshore light distillate stocks in Singapore, the region’s largest oil trading hub, posted the sharpest decline in nine months, as healthy regional demand spurred an increase in gasoline exports from the city- state last week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Stocks of light Read More

Asian shares gain on economy hopes, oil edges up on Mideast tensions

21 hours ago DieselGasoil Comments Off on Asian shares gain on economy hopes, oil edges up on Mideast tensions
TOKYO (Reuters) – Asian share prices inched higher on Friday as economic stimulus around the world eased fears of economic deceleration while crude oil prices climbed on concerns that last weekend’s attacks on Saudi Arabia’s oil facilities still pose supply risks. FILE PHOTO: Pedestrians walk pass an electronic board showing the Japan’s Nikkei average (R) Read More

Shares rise after Fed rate cut, oil prices gain

1 day ago DieselGasoil Comments Off on Shares rise after Fed rate cut, oil prices gain
NEW YORK (Reuters) – A gauge of global equity performance rose within 1% of a record high on Thursday, a day after the Federal Reserve cut interest rates, but crude oil prices climbed higher on concerns last weekend’s attacks on Saudi Arabia’s oil facilities pose supply risks. Iran warned U.S. President Donald Trump against being Read More

New York extends lead over Brexit-hit London in finance: center poll

1 day ago DieselGasoil Comments Off on New York extends lead over Brexit-hit London in finance: center poll
LONDON (Reuters) – New York has extended its lead as the world’s top financial center, with London barely holding on to second place ahead of Hong Kong as uncertainty over Brexit takes its toll on the UK capital, a Z/Yen Group survey for 2019 showed on Thursday. FILE PHOTO: The midtown Manhattan skyline is seen Read More

New York extends lead over Brexit-hit London in finance center poll

2 days ago DieselGasoil Comments Off on New York extends lead over Brexit-hit London in finance center poll
LONDON (Reuters) – New York has extended its lead as the world’s top financial center, with London barely holding on to second place ahead of Hong Kong as uncertainty over Brexit takes its toll on the UK capital, a Z/Yen Group survey for 2019 showed on Thursday. FILE PHOTO: The midtown Manhattan skyline is seen Read More

Trump names new US national security advisor, likely maintaining Iran policy

2 days ago DieselGasoil Comments Off on Trump names new US national security advisor, likely maintaining Iran policy
Highlights New advisor has called Iran ‘sworn enemy’ of US O’Brien appointed as US debates response to Saudi oil attacks Pompeo meeting with Saudi crown prince Washington — US President Trump on Wednesday named Robert C. O’Brien as his new national security advisor, diminishing the dim prospect that US sanctions on Iranian oil flows may Read More

Analysis: US crude stocks climb 1.06 million barrels as refiners cut runs, imports rise

2 days ago DieselGasoil Comments Off on Analysis: US crude stocks climb 1.06 million barrels as refiners cut runs, imports rise
New York — US crude inventories climbed 1.06 million barrels last week to 417.13 million barrels, as refiners cut runs while imports edged higher, US Energy Information Administration data showed Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The stock build was considered bearish for NYMEX crude futures, Read More