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Union Pacific cost cuts sheltered profit amid freight slowdown

4 days ago DieselGasoil Comments Off on Union Pacific cost cuts sheltered profit amid freight slowdown
(Reuters) – Union Pacific Corp (UNP.N) on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome disruptions from record floods in the Midwest and ongoing U.S.-China trade tensions. FILE PHOTO: Locomotives at Union Pacific’s Engelwood rail yard wait to return to service Read More

Global stocks slip as U.S.-China trade war drags on corporate earnings

5 days ago DieselGasoil Comments Off on Global stocks slip as U.S.-China trade war drags on corporate earnings
LONDON (Reuters) – Global shares slipped on Thursday on growing signs that a trade dispute between the United States and China was taking a toll on corporate earnings, with nerves spreading from Wall Street through Asia to European markets. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, Read More

Global stocks slide as U.S.-China trade war takes toll on earnings

5 days ago DieselGasoil Comments Off on Global stocks slide as U.S.-China trade war takes toll on earnings
LONDON (Reuters) – Global shares slipped on Thursday on growing signs that a trade dispute between the United States and China was taking a toll on corporate earnings, with nerves spreading from Wall Street through Asia to European markets. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Read More

Wall St. falls as CSX results signal damage from trade tensions

5 days ago DieselGasoil Comments Off on Wall St. falls as CSX results signal damage from trade tensions
NEW YORK (Reuters) – U.S. stock indexes fell on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid CSX Read More

Wall St. falls as CSX results point to damage from trade tensions

5 days ago DieselGasoil Comments Off on Wall St. falls as CSX results point to damage from trade tensions
NEW YORK (Reuters) – U.S. stock indexes dipped on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid CSX Read More

Hedge funds chart course through ‘IMO 2020’ storm

2 weeks ago DieselGasoil Comments Off on Hedge funds chart course through ‘IMO 2020’ storm
LONDON (Reuters) – Shipping companies, refineries, freight derivatives or diesel (gasoil) cracks? Investment funds are placing their bets as the shipping sector prepares for new rules limiting sulfur emissions from ocean-going vessels. FILE PHOTO: An aerial photo shows the Cap Jackson container ship, registered in Singapore, as it is escorted by tugboats at Harbor Island Read More

Oil quarterly: Urals contamination ripples through Atlantic Basin crude markets

3 weeks ago DieselGasoil Comments Off on Oil quarterly: Urals contamination ripples through Atlantic Basin crude markets
Highlights Urals differentials rise after plunging on Apr contamination Dated Brent sees strong backwardation on local demand, arbitrage Druzhba outage results in Russian domestic market surplus Backwardation, weak demand hits Med, WAF differentials London — Urals differentials closed the second quarter on an upswing after hitting 2019 lows in the wake of a major contamination Read More

Analysis: South Korea set to further sweeten crude slate with more US, North Sea grades

3 weeks ago DieselGasoil Comments Off on Analysis: South Korea set to further sweeten crude slate with more US, North Sea grades
Highlights January-May crude imports from US jump fivefold on year Refiners resume buying light sweet North Sea crude on freight rebate WTI, CPC Blend remain attractive sweet crude procurement options Singapore — South Korea may increasingly favor sweet crude suppliers over Middle Eastern sour oil producers amid ongoing geopolitical tensions in the Persian Gulf region Read More

Analysis: S Korea set to further sweeten crude slate with more US, North Sea grades

3 weeks ago DieselGasoil Comments Off on Analysis: S Korea set to further sweeten crude slate with more US, North Sea grades
Highlights January-May crude imports from US jump fivefold on year Refiners resume buying light sweet North Sea crude on freight rebate WTI, CPC Blend remain attractive sweet crude procurement options Singapore — South Korea may increasingly favor sweet crude suppliers over Middle Eastern sour oil producers amid ongoing geopolitical tensions in the Persian Gulf region Read More

Brookfield, GIC to buy Genesee & Wyoming for about $6.4 billion

3 weeks ago DieselGasoil Comments Off on Brookfield, GIC to buy Genesee & Wyoming for about $6.4 billion
FILE PHOTO: People walk to Brookfield Place off Bay Street on the day of the annual general meeting for Brookfield Asset Management shareholders in Toronto, May 7, 2014. REUTERS/Mark Blinch/File Photo (Reuters) – Canada’s Brookfield Asset Management Inc (BAMa.TO) and Singaporean sovereign wealth fund GIC on Monday agreed to buy U.S. freight railroad owner Genesee Read More