newszine

The perfect storm that could drive oil even higher

19 hours ago DieselGasoil Comments Off on The perfect storm that could drive oil even higher
After rallying more than 30 percent year to date, oil prices could be set for a further upside in coming weeks as a combination of near-term bullish supply-side factors could push prices higher than current levels. Over the next few weeks, several critical geopolitical events could set the trend for even higher oil prices in Read More

U.S. prepares to end Iran oil waivers; Asian buyers to be hardest hit

20 hours ago DieselGasoil Comments Off on U.S. prepares to end Iran oil waivers; Asian buyers to be hardest hit
WASHINGTON/SINGAPORE (Reuters) – The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent jump in crude prices to their highest for 2019 so far. Officials in Asia opposed the expected move, Read More

U.S. prepares to end Iran oil waivers, triggering price spike

21 hours ago DieselGasoil Comments Off on U.S. prepares to end Iran oil waivers, triggering price spike
WASHINGTON/SINGAPORE (Reuters) – The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent jump in crude prices to their highest for 2019 so far. FILE PHOTO: Gas flares from an oil Read More

Oil prices climb as U.S. set to end Iran sanction waivers

22 hours ago DieselGasoil Comments Off on Oil prices climb as U.S. set to end Iran sanction waivers
SINGAPORE (Reuters) – Oil prices jumped on Monday as the United States looked set to announce that all buyers of Iranian oil must end their imports or be subject to sanctions. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July 21, 2014. REUTERS/Todd Korol/File Photo Brent crude futures Read More

U.S. prepares to end exemptions on Iran sanctions, and oil prices soar

23 hours ago DieselGasoil Comments Off on U.S. prepares to end exemptions on Iran sanctions, and oil prices soar
WASHINGTON/SINGAPORE (Reuters) – The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent jump in crude prices to their highest for 2019 so far. FILE PHOTO: Gas flares from an oil Read More

U.S. prepares end to Iran sanctions waivers, triggering oil price spike

24 hours ago DieselGasoil Comments Off on U.S. prepares end to Iran sanctions waivers, triggering oil price spike
WASHINGTON/SINGAPORE (Reuters) – The United States is expected to announce on Monday that all buyers of Iranian oil will have to end their imports shortly or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent rise in crude prices. FILE PHOTO: Gas flares from an oil production platform at the Read More

Financial market ‘pause party’ makes Fed rate cut less likely

2 days ago DieselGasoil Comments Off on Financial market ‘pause party’ makes Fed rate cut less likely
WASHINGTON/NEW YORK (Reuters) – Risk-taking has been the rage since the Federal Reserve quit hiking interest rates at the end of last year. U.S. stocks are back near record highs and investors are stockpiling the lowest-grade corporate bonds with only a smidgen of extra compensation for the added risk. Traders work on the floor at Read More

Venezuela congress to weigh 2020 PDVSA bond payment next week

3 days ago DieselGasoil Comments Off on Venezuela congress to weigh 2020 PDVSA bond payment next week
CARACAS (Reuters) – Venezuela’s opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA’s ad-hoc board of directors said. FILE PHOTO: Cutouts depicting images of oil operations are seen outside a building of Venezuela’s state oil Read More

U.S. homebuilding near two-year low; permits extend decline

4 days ago DieselGasoil Comments Off on U.S. homebuilding near two-year low; permits extend decline
WASHINGTON (Reuters) – U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family unit segment, suggesting the housing market continued to struggle despite falling mortgage rates. FILE PHOTO: A construction worker builds a single family home in San Diego, California, U.S. February 15, 2017. Picture taken February Read More

API: U.S. continues to lead the world in natural gas liquids, crude oil production

4 days ago DieselGasoil Comments Off on API: U.S. continues to lead the world in natural gas liquids, crude oil production
4/18/2019 Photo: Gulfport Energy. WASHINGTON — The American Petroleum Institute’s latest monthly statistical report showed that the U.S. sustained its position as the world’s leading oil producer, continuing a pace of 12.1 MMbopd, matching February 2019. In addition, petroleum demand in March was the strongest for that month in more than a decade at 20.7 Read More