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China to slap retaliatory tariffs on $75 billion-worth of US goods, resume levies on American cars

49 mins ago DieselGasoil Comments Off on China to slap retaliatory tariffs on $75 billion-worth of US goods, resume levies on American cars
Beijing has finally unveiled its response to Washington’s latest tariffs, vowing to hike levies on $75 billion-worth of US exports and to resume 25 percent tariffs on American automobiles. Beijing’s response measures will be implemented at the same stage as Washington’s, which plans to levy tariffs on $300 billion-worth of Chinese products on September 1 Read More

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

2 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

2 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

Demurrage costs mount for owners of contaminated Urals crude

2 hours ago DieselGasoil Comments Off on Demurrage costs mount for owners of contaminated Urals crude
Highlights 4 tankers hold 600,000 mt of contaminated oil Ships sailed in spring, when VLCC demurrage was $30,000/day Owners may now claim higher detention costs London — Demurrage costs for holding contaminated Urals crude are mounting, withfour tankers from Baltic Sea ports still waiting to unload cargoes more thanfour months after loading, sources said Thursday. Read More

Brent/Dubai EFS widens from 3-week low after fresh oil rig data

10 hours ago DieselGasoil Comments Off on Brent/Dubai EFS widens from 3-week low after fresh oil rig data
Singapore — The spread between ICE Brent futures and Dubai crude futures widened mid-morning Friday from a three-week low on the back of an uptick in Brent crude futures following the release of fresh oil rig data. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Brent/Dubai Exchange of Futures Read More

Facing farmer anger, Trump scrambles Cabinet to brainstorm on biofuel policy: sources

12 hours ago DieselGasoil Comments Off on Facing farmer anger, Trump scrambles Cabinet to brainstorm on biofuel policy: sources
WASHINGTON/NEW YORK (Reuters) – U.S. President Donald Trump, faced with mounting anger in the farm belt over policies that allow oil refineries to use less corn-based ethanol, summoned Cabinet members on Thursday to discuss ways to boost biofuel demand, four sources familiar with the matter said. FILE PHOTO: U.S. President Donald Trump returns after travelling Read More

Trade tariffs seen muting IMO 2020 impact for US refiners

16 hours ago DieselGasoil Comments Off on Trade tariffs seen muting IMO 2020 impact for US refiners
New York — Weakening export demand for US-made products is skewing the impact of the change to cleaner ship fuel on US refined products as marine gasoil prices fall and cracks widen ahead of the IMO’s mandated January 1, 2020, deadline to reduce sulfur content to 0.5% from 3.5% . Not registered? Receive daily email Read More

Indonesia tells some Jakarta supermarkets to remove ‘palm oil-free’ products

21 hours ago DieselGasoil Comments Off on Indonesia tells some Jakarta supermarkets to remove ‘palm oil-free’ products
JAKARTA (Reuters) – Indonesia, the world’s top palm oil producer, has told some retailers in Jakarta to remove food products with “palm oil-free” labels from their shops, a government official said, as it seeks to protect its key export. FILE PHOTO: An aerial photo of a palm oil plantation in Batanghari, Jambi province, Sumatra island, Read More

Oil eases as Fed’s Jackson Hole meeting gets underway

21 hours ago DieselGasoil Comments Off on Oil eases as Fed’s Jackson Hole meeting gets underway
NEW YORK (Reuters) – Oil prices weakened on Thursday as worries about the global economy weighed and equity markets were under pressure as uncertainty over the outlook for U.S. interest rate cuts left investors on edge. FILE PHOTO: A pump jack operates at sunset in an oil field in Midland, Texas U.S. August 22, 2018. Read More

Cuadrilla halts UK frac operation following “micro seismicity”

21 hours ago DieselGasoil Comments Off on Cuadrilla halts UK frac operation following “micro seismicity”
8/22/2019 A spokesman for privately-owned British exploration and production company Cuadrilla confirmed that micro seismicity had been detected at its shale gas exploration site at Preston New Road, near Blackpool, Lancashire, England. He added “We can confirm that a micro seismic event measuring 1.55ML (local magnitude) on the Richter scale occurred after we had completed Read More