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Crude settles lower as Saudi attacks take back seat to growth concerns

48 mins ago DieselGasoil Comments Off on Crude settles lower as Saudi attacks take back seat to growth concerns
Highlights Trump downplays trade deal with China Risk premium remains Refined products weaker New York — Crude futures settled slightly lower Friday, as the recent attacks on Saudi Arabian oil infrastructure took a back seat to global demand growth worries. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX Read More

Bonanza Creek Energy to Participate in the 2019 Johnson Rice Energy Conference

2 hours ago DieselGasoil Comments Off on Bonanza Creek Energy to Participate in the 2019 Johnson Rice Energy Conference
DENVER, Sept. 20, 2019 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Company” or “Bonanza Creek”) today announced that members of the Company’s management will attend and participate in meetings at the 2019 Johnson Rice Energy Conference in New Orleans, Louisiana on Tuesday, September 24, 2019. An updated Corporate Presentation has been posted Read More

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

Saudis reveal extent of damage to Kuharis oilfield following attack

5 hours ago DieselGasoil Comments Off on Saudis reveal extent of damage to Kuharis oilfield following attack
By Anthony DiPaola on 9/20/2019 ABQAIQ, SAUDI ARABIA (Bloomberg) – Saudi Aramco revealed the significant damage caused by aerial strikes on its Khurais oil field and Abqaiq crude-processing plant last weekend, and insisted that the sites will be back to pre-attack output levels by the end of the month. Abqaiq crude processing facility Aramco took Read More

Oil heads for weekly gain of more than 7% after Saudi attacks

6 hours ago DieselGasoil Comments Off on Oil heads for weekly gain of more than 7% after Saudi attacks
NEW YORK (Reuters) – Oil prices rose about 1% on Friday, with Brent set for its biggest weekly gain since January, lifted by rising Middle East tensions and supply concerns after an attack on Saudi Arabia’s energy industry last weekend. Brent crude LCOc1 futures rose 45 cents, or 0.7%, to $64.85 a barrel by 11:32 Read More

Japan ships Khafji crude from reserves to Sinopec refineries in Shandong: sources

10 hours ago DieselGasoil Comments Off on Japan ships Khafji crude from reserves to Sinopec refineries in Shandong: sources
Highlights Two Sinopec refiners to share Khafji crude cargo Rare trade flow amid tightening heavy sour crude supply London — Japan has shipped a Khafji crude cargo from the Shibushi strategic petroleum reserves in Kagoshima to Sinopec refineries in China’s Shandong province, sources with direct knowledge of the matter told S&P Global Platts Friday. Not Read More

Kvaerner awarded contract for offshore preparations and recycling of the Gyda offshore platform

11 hours ago DieselGasoil Comments Off on Kvaerner awarded contract for offshore preparations and recycling of the Gyda offshore platform
20 September 2019 – The Gyda platform operated by Repsol has produced oil and gas at the Norwegian continental shelf since 1990. Kvaerner has now been awarded a contract from Allseas for offshore preparations assistance, onshore disposal and recycling of the platform when it is decommissioned. Kvaerner will work together with Allseas at the field Read More

Wide Image: Indonesia’s ragtag firefighters on frontline of Borneo’s forest blazes

14 hours ago DieselGasoil Comments Off on Wide Image: Indonesia’s ragtag firefighters on frontline of Borneo’s forest blazes
PULANG PISAU, Indonesia (Reuters) – From soon after sunrise, a group of volunteers gathers every day on Indonesia’s portion of Borneo island to throw themselves into the desperate fight against the worst forest fires in years. Firefighters try to extinguish forest fires at Sebangau National Park area in Palangka Raya, Central Kalimantan province, Indonesia, September Read More

FAA waiting for more software details before 737 MAX can return to service

18 hours ago DieselGasoil Comments Off on FAA waiting for more software details before 737 MAX can return to service
WASHINGTON (Reuters) – Boeing Co (BA.N) still has a series of steps to complete before the 737 MAX can return to service, including submitting a pre-production version of a software update, Federal Aviation Administration chief Steve Dickson said. FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field Read More

Refined products rally as storm disrupts USGC refinery operations

1 day 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