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Crude oil futures steady as more clarity emerges on OPEC meet, API data

9 hours ago DieselGasoil Comments Off on Crude oil futures steady as more clarity emerges on OPEC meet, API data
Singapore — Crude oil futures were largely steady during mid-morning trade in Asia Wednesday as more clarity emerged on the dates for the upcoming bi-annual OPEC/non-OPEC meeting for Vienna, while a mildly bullish weekly report on US crude inventories also provided some support. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Wall Street nears record as mood on trade again turns optimistic

16 hours ago DieselGasoil Comments Off on Wall Street nears record as mood on trade again turns optimistic
(Reuters) – Wall Street surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the Fed will cut interest rates this year. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, Read More

Crude oil futures dip on bearish economic data, geopolitical tensions

1 day ago DieselGasoil Comments Off on Crude oil futures dip on bearish economic data, geopolitical tensions
London — Crude oil futures continued to slip during European trading Tuesday morning, amid bearish economic data and ongoing geopolitical tensions. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 1200 BST (1100 GMT), ICE August Brent crude futures were 40 cents/b lower at $60.54/b, while the NYMEX July Read More

Crude oil futures fall amid uncertainty over next OPEC meeting

1 day ago DieselGasoil Comments Off on Crude oil futures fall amid uncertainty over next OPEC meeting
Crude oil futures ticked lower during mid-morning trade in Asia Tuesday amid uncertainty over the timing of bi-annual OPEC/non-OPEC meeting, while market participants waited for the latest US stock data. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:45 am Singapore time (0245 GMT), ICE Brent August futures Read More

Faith in the Fed nudges Wall Street higher

2 days ago DieselGasoil Comments Off on Faith in the Fed nudges Wall Street higher
(Reuters) – Wall Street edged higher on Monday, supported by Facebook, Amazon and Apple, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year. The U.S. central bank is expected to leave borrowing costs unchanged at its two-day policy meeting starting Tuesday, Read More

Ivory Coast rains make cocoa farmers hopeful for next main crop

2 days ago DieselGasoil Comments Off on Ivory Coast rains make cocoa farmers hopeful for next main crop
ABIDJAN (Reuters) – Above average rains in most of Ivory Coast’s cocoa growing regions last week should boost the next main crop in autumn, while the April to September mid-crop is tailing off, farmers said on Monday. In the center-western region of Daloa, farmers said weather conditions were ideal for the next main crop after Read More

Huawei prepares for 40%-60% fall in international smartphone shipments: Bloomberg

3 days ago DieselGasoil Comments Off on Huawei prepares for 40%-60% fall in international smartphone shipments: Bloomberg
(Reuters) – Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in international smartphone shipments, Bloomberg reported on Sunday. FILE PHOTO: Huawei’s new Honor 20 smartphone at a product launch event in London, May 21, 2019. REUTERS/Peter Nicholls/File Photo The Chinese technology company is looking at options that include pulling the latest Read More

Canada set to approve hotly-debated pipeline expansion, Trudeau unlikely to benefit

3 days ago DieselGasoil Comments Off on Canada set to approve hotly-debated pipeline expansion, Trudeau unlikely to benefit
OTTAWA/CALGARY, Alberta (Reuters) – Canada looks set to approve a hotly-debated plan to expand an oil pipeline this week, people familiar with the process told Reuters, but the move is unlikely to help Prime Minister Justin Trudeau rebuild flagging support ahead of an October election. FILE PHOTO: Steel pipe to be used in the oil Read More

Could John Bolton soon be SACKED? Will it avert Iran war? Former CIA agent Kiriakou positive on both

5 days ago DieselGasoil Comments Off on Could John Bolton soon be SACKED? Will it avert Iran war? Former CIA agent Kiriakou positive on both
Hawkish National Security Advisor John Bolton has steered the Trump administration towards multiple conflicts. However, CIA whistleblower John Kiriakou tells RT he’s learned that Bolton’s days in the White House may be numbered. Since joining the Trump administration in April of last year, Bolton has taken the hardest line possible on every geopolitical flare-up. From Read More

Analysis: Asian refiners may trim sour crude intake on Dubai backwardation, tanker fire

5 days ago DieselGasoil Comments Off on Analysis: Asian refiners may trim sour crude intake on Dubai backwardation, tanker fire
Singapore — Asian refiners are increasingly finding reasons to cut their exposure to Middle Eastern crude in the second half of 2019 amid prolonged backwardation in the Dubai benchmark price structure and the latest tanker fire incident in the Gulf of Oman. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Read More