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NHC says 60% chance of tropical cyclone near Andros Island, Bahamas

27 mins ago DieselGasoil Comments Off on NHC says 60% chance of tropical cyclone near Andros Island, Bahamas
(Reuters) – An area of low pressure located near Andros Island in the Bahamas has a 60% chance of becoming a tropical cyclone in the next 48 hours, the U.S. National Hurricane Center said on Monday. The low is expected to move northwestward around 15 miles-per-hour on Monday and north-northwestward to northward on Monday night Read More

Iran says it seized ship for smuggling, stoking tensions

4 days ago DieselGasoil Comments Off on Iran says it seized ship for smuggling, stoking tensions
7/18/2019 TEHRAN – Iran said it seized a foreign ship that was smuggling fuel in the Persian Gulf, an act that threatens to heighten already tense relations in the world’s biggest oil-exporting region. The description of the vessel looks similar to that of a tanker that disappeared from global satellite tracking systems four days ago. Read More

June 2019 was the hottest on record across the globe – NOAA

4 days ago DieselGasoil Comments Off on June 2019 was the hottest on record across the globe – NOAA
(Reuters) – June 2019 was the hottest in 140 years, setting a global record, according to the latest monthly global climate report released on Thursday by the U.S. National Oceanic and Atmospheric Administration. FILE PHOTO: A woman cools off at a fountain during hot weather at the Word War Two Memorial in Washington, DC, U.S., Read More

Strong U.S. retail sales boost economic outlook

6 days ago DieselGasoil Comments Off on Strong U.S. retail sales boost economic outlook
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment. FILE PHOTO: A sign is shown in the window of a retail store in San Francisco, California May 13, 2013. REUTERS/Robert Galbraith Read More

U.S. retail sales increase solidly in boost to economy

6 days ago DieselGasoil Comments Off on U.S. retail sales increase solidly in boost to economy
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment. FILE PHOTO: A sign is shown in the window of a retail store in San Francisco, California May 13, 2013. REUTERS/Robert Galbraith Read More

New EPA ruling expands sale of 15% ethanol blended motor gasoline

6 days ago DieselGasoil Comments Off on New EPA ruling expands sale of 15% ethanol blended motor gasoline
July 16, 2019 Source: U.S. Energy Information Administration, based on data from Growth Energy On May 31, 2019, the U.S. Environmental Protection Agency (EPA) issued a final rule allowing the year-round sale of motor gasoline blends containing up to 15% fuel ethanol, or E15. The ruling increases the availability of E15 blends in the United Read More

U.S. Gulf of Mexico oil, gas producers begin restarting after Barry

7 days ago DieselGasoil Comments Off on U.S. Gulf of Mexico oil, gas producers begin restarting after Barry
HOUSTON (Reuters) – U.S. oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said. There was 1.3 million barrels per day (bpd) of oil production off line in the U.S.-regulated areas of the Gulf Read More

Wall Street set open higher as banks rise after Citi results

1 week ago DieselGasoil Comments Off on Wall Street set open higher as banks rise after Citi results
(Reuters) – Wall Street was set to extend last week’s gains at the open on Monday as second-quarter corporate earnings got off to an upbeat start with results from the third largest U.S lender, Citigroup, beating expectations. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, Read More