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Private equity can still find ‘diamonds in the rough’: Apollo exec

1 min ago DieselGasoil Comments Off on Private equity can still find ‘diamonds in the rough’: Apollo exec
FILE PHOTO: Joshua Harris, co-founder and a member of the board of directors at Apollo Global Management speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. REUTERS/Lucy Nicholson/File Photo NEW YORK (Reuters) – Private equity billionaire Joshua Harris thinks there are still plenty of undervalued companies to improve and Read More

Delisting of Tenaris’s shares in Argentina to become effective on October 11, 2019

31 mins ago DieselGasoil Comments Off on Delisting of Tenaris’s shares in Argentina to become effective on October 11, 2019
LUXEMBOURG, Sept. 19, 2019 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE, Buenos Aires and Mexico: TS and MTA Italy: TEN) (“Tenaris”, or the “Company”) announced today that the Argentine National Securities Commission (Comisión Nacional de Valores, or “CNV”) has authorized the delisting of the Company’s shares in Argentina, through a voluntarily withdrawal from listing pursuant to Read More

After Abqaiq, analysts see higher oil price risk premium, more supply disruptions

2 hours ago DieselGasoil Comments Off on After Abqaiq, analysts see higher oil price risk premium, more supply disruptions
Highlights Saudi attacks result in $5-$10/b premium Brent price rises $4.18/b since Saturday’s attack US-Iran tensions increase likelihood of similar supply attacks Washington — The unprecedented attacks on Saudi oil facilities over the weekend are widely viewed by analysts as the most significant supply disruption the oil market has ever seen, increasing the geopolitical risk Read More

Refined products rally as storm disrupts USGC refinery operations

2 hours ago DieselGasoil Comments Off on Refined products rally as storm disrupts USGC refinery operations
New York — NYMEX refined products futures jumped Thursday as Tropical Depression Imelda disrupted refinery operations in Texas. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Front-month RBOB settled 4.30 cents higher at $1.7007/gal, while front-month ULSD settled 3.16 cents higher at $2.0049/gal. The rally caused crack spreads to Read More

India’s Tata Motors to launch new EV in 2020

2 hours ago DieselGasoil Comments Off on India’s Tata Motors to launch new EV in 2020
MUMBAI (Reuters) – Indian automaker Tata Motors will launch an electric vehicle (EV) early next year based on a new powertrain technology it has developed to grow its portfolio of clean energy cars, the company’s chief executive said on Thursday. The government’s incentive scheme supporting electric transport and a recent cut in taxes on electric Read More

TC Energy shuts oil line as flooding disrupts U.S. Gulf terminals: traders

3 hours ago DieselGasoil Comments Off on TC Energy shuts oil line as flooding disrupts U.S. Gulf terminals: traders
NEW YORK (Reuters) – TC Energy Corp’s Marketlink oil pipeline from Cushing, Oklahoma, to Nederland, Texas, was shut as flooding disrupted operations at U.S. Gulf Coast terminals, traders familiar with the matter said on Thursday. Dangerous flash floods inundated parts of southeastern Texas on Thursday as Tropical Depression Imelda dumped the last of its rains, Read More

Torrential Imelda rains flood homes, snarl travel around Houston

3 hours ago DieselGasoil Comments Off on Torrential Imelda rains flood homes, snarl travel around Houston
HOUSTON (Reuters) – Rescuers in boats pulled people from flooded Houston-area homes, the city’s airport temporarily halted flights and tens of thousands of people lost power on Thursday as the remnants of Tropical Storm Imelda dumped torrential rains over the region. Officials warned millions of people in the area to hunker down as the National Read More

Shares rise after Fed rate cut, oil prices gain

3 hours 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

Exxon shuts Beaumont, Texas refinery, others cut back due to storm: sources

4 hours ago DieselGasoil Comments Off on Exxon shuts Beaumont, Texas refinery, others cut back due to storm: sources
HOUSTON (Reuters) – Exxon Mobil Corp shut its 369,024 barrel per day (bpd) Beaumont, Texas, crude oil refinery on Thursday because of flooding from Tropical Storm Imelda, sources familiar with plant operations said. Other refineries in southeast Texas cut back production as heavy rain continued to fall for a second day from Houston to western Read More

Hydrostor Announces Close of US$37 Million Growth Financing

5 hours ago DieselGasoil Comments Off on Hydrostor Announces Close of US$37 Million Growth Financing
TORONTO, Sept. 19, 2019 (GLOBE NEWSWIRE) — Hydrostor, a leading developer of Advanced Compressed Air Energy Storage (A-CAES) projects, announced today the closing of US$37 million (C$49 million) in growth financing. RBC Capital Markets acted as Hydrostor’s advisor on the transaction. Meridiam, the global developer, asset and fund manager specializing in sustainable infrastructure and energy Read More