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Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact

3 days ago DieselGasoil Comments Off on Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact
BRASILIA (Reuters) – Brazil’s backsliding on Amazon conservation under right-wing President Jair Bolsonaro and a likely Peronist return to power in Argentina could delay or even derail ratification of an EU-Mercosur trade agreement that took two decades to negotiate. FILE PHOTO: An aerial view of a tract of Amazon jungle recently cleared by loggers and Read More

Oil slumps more than 4% on weak global economic data, U.S. crude build

5 days ago DieselGasoil Comments Off on Oil slumps more than 4% on weak global economic data, U.S. crude build
NEW YORK (Reuters) – Oil prices sank more than 4% on Wednesday after global demand fears were revived by weak economic data from China and Europe and an unexpected build in U.S. crude inventories. FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. REUTERS/Nick Oxford/File Photo Brent crude LCOc1 was Read More

Crude oil futures fall on profit-taking ahead of EIA data release

6 days ago DieselGasoil Comments Off on Crude oil futures fall on profit-taking ahead of EIA data release
Crude oil futures retreated from overnight highs, spurred by signs of a thaw in US-China tensions, during mid-morning trade in Asia Wednesday on profit-taking following the release of a bearish report of last week’s US crude inventory. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:25 am in Read More

Oil rises as US scales back tariffs, lifting demand outlooks

6 days ago DieselGasoil Comments Off on Oil rises as US scales back tariffs, lifting demand outlooks
New York — Oil futures settled higher Tuesday as the market re-evaluated demand outlooks amid signs of a thaw in US-China trade tensions. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX September WTI settled up $2.17 at $57.10/b, and ICE October Brent was $2.73 higher at $61.30/b at Read More

Oil soars near 5% as U.S. delays tariffs on some Chinese goods

6 days ago DieselGasoil Comments Off on Oil soars near 5% as U.S. delays tariffs on some Chinese goods
NEW YORK (Reuters) – Oil prices on Tuesday jumped by the most so far this year after the United States said it would delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummeled the market in recent months. FILE PHOTO: A view of an oil refinery Read More

Oil soars near 5% on easing U.S.-China trade tensions

6 days ago DieselGasoil Comments Off on Oil soars near 5% on easing U.S.-China trade tensions
NEW YORK (Reuters) – Oil prices rose almost 5% on Tuesday after the United States said it would delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummeled the market in recent months. FILE PHOTO: A view of an oil refinery off the coast of Singapore Read More

Oil steadies as Saudi, Kuwait signals offset demand fears

1 week ago DieselGasoil Comments Off on Oil steadies as Saudi, Kuwait signals offset demand fears
HOUSTON (Reuters) – Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies faced worries about sluggish crude demand growth due to the U.S.-China trade war. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Read More

Oil, products jump amid reports of fast-tracked Aramco IPO

1 week ago DieselGasoil Comments Off on Oil, products jump amid reports of fast-tracked Aramco IPO
New York — Oil futures shot higher in midmorning US trading Friday amid reports Saudi Aramco could launch an initial public offering as soon as next year, lending credence to reports Riyadh would take steps to halt the recent slide in oil prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Crude oil futures steady amid US stock draw, trade tensions

2 weeks ago DieselGasoil Comments Off on Crude oil futures steady amid US stock draw, trade tensions
Singapore — Crude oil futures were largely stable during mid-morning trade in Asia Wednesday amid a bullish report on last week’s US inventory data, while ongoing trade tensions between the US and China capped further gains. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:20 am in Singapore Read More

Crude oil futures rise on expected stock draw, trade tensions

2 weeks ago DieselGasoil Comments Off on Crude oil futures rise on expected stock draw, trade tensions
Singapore — Crude oil futures were higher during mid-morning trade in Asia Tuesday amid an expected draw in last week’s US crude inventory, while the possibility of crude being excluded from the list of goods slapped with tariffs in the ongoing trade dispute between the US and China also provided price support. Not registered? Receive Read More