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Pieridae Energy to Purchase Shell Canada Foothills-Area Production & Assets: 28,623 BOE/d and Associated Midstream Assets, Including Three Deep-Cut Gas Plants

1 hour ago DieselGasoil Comments Off on Pieridae Energy to Purchase Shell Canada Foothills-Area Production & Assets: 28,623 BOE/d and Associated Midstream Assets, Including Three Deep-Cut Gas Plants
Highlights: Acquisition immediately accretive to the Company Another major step forward, now fully supplying Train 1 at the Goldboro LNG facility Pieridae becomes a major player in the Alberta midstream and upstream industry Shell Canada Energy to take an equity stake in Pieridae Other key stakeholders to increase their ownership positions CALGARY, Alberta, June 26, Read More

Atlantic Petroleum signs Heads of Terms for a Bridge loan facility and a Standstill

1 hour ago DieselGasoil Comments Off on Atlantic Petroleum signs Heads of Terms for a Bridge loan facility and a Standstill
Tórshavn, Faroe Islands, 2019-06-26 21:20GMT (GLOBE NEWSWIRE) — P/F Atlantic Petroleum (NASDAQ Copenhagen: ATLA DKK & Oslo Stock Exchange: ATLA NOK) today announces that it has entered into Head of Terms on a unsecured Bridge loan facility for up to DKK 5 million from one of the shareholders and Head of Terms on a standstill Read More

Global Bioenergies: success of the €17m capital increase

5 hours ago DieselGasoil Comments Off on Global Bioenergies: success of the €17m capital increase
      Global Bioenergies: success of the €17m capital increase Evry (France), on 26 June 2019 Global Bioenergies (the “Company“) announces today having successfully closed its capital increase, launched on 20 June 2019 and conducted through a public offer without preferential subscription rights and without priority subscription period for shareholders (the “Offer“), for a total amount (issue Read More

U.S. funds look for ‘crazy cheap’ stocks as indexes hit record highs

5 hours ago DieselGasoil Comments Off on U.S. funds look for ‘crazy cheap’ stocks as indexes hit record highs
NEW YORK (Reuters) – Record highs in the U.S. stock market and the anticipation of equity-friendly interest rate cuts by the Federal Reserve later this year are prompting top-performing large-cap fund managers to seek out unloved stocks in hopes of further gains. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

Dollar gains on lower rate cut expectations, stocks flat

6 hours ago DieselGasoil Comments Off on Dollar gains on lower rate cut expectations, stocks flat
NEW YORK (Reuters) – The dollar rose and European shares fell on Wednesday as traders scaled back expectations of an aggressive cut in U.S. interest rates in July, while Wall Street rose on hopes of a China-U.S. trade breakthrough at the G20 summit later this week in Japan. FILE PHOTO: Traders work on the floor Read More

Philadelphia Energy Solutions to permanently shut refinery: Philadelphia mayor

6 hours ago DieselGasoil Comments Off on Philadelphia Energy Solutions to permanently shut refinery: Philadelphia mayor
Refined products markets on both sides of the Atlantic were roiled Wednesday following news that Philadelphia Energy Solutions plans to permanently close its fire-damaged 335,000 b/d refinery. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The mayor of Philadelphia, Jim Kenney, announced Wednesday morning that PES would permanently the Read More

European gasoline market strengthens on report Philadelphia refinery to close

8 hours ago DieselGasoil Comments Off on European gasoline market strengthens on report Philadelphia refinery to close
London — European gasoline and naphtha markets rallied Wednesday following a news report that Philadelphia Energy Solutions planned to permanently close its fire-damaged 335,000 b/d Philadelphia refinery, potentially stripping 153,980 b/d of gasoline from the market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Philadelphia Energy Solutions was not Read More

Global stocks gain as trade talk hopes rise, rate-cut pressure ebbs

9 hours ago DieselGasoil Comments Off on Global stocks gain as trade talk hopes rise, rate-cut pressure ebbs
LONDON (Reuters) – European stocks and U.S. equity futures were higher on Wednesday after a report fueled optimism about progress in U.S.-China trade talks, offsetting disappointment about the size of potential U.S. interest rate cuts. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 25, Read More

Kuwaiti equities to be in main MSCI emerging markets index from 2020

14 hours ago DieselGasoil Comments Off on Kuwaiti equities to be in main MSCI emerging markets index from 2020
DUBAI (Reuters) – MSCI Inc said on Tuesday it would upgrade Kuwaiti equities to its main emerging markets index in 2020, a move that could trigger billions of dollars of inflows from passive funds. The index compiler will include the MSCI Kuwait index in the emerging market index in the May 2020 semi-annual index review. Read More

Asia stocks retreat after Fed tempers aggressive rate cut expectations

19 hours ago DieselGasoil Comments Off on Asia stocks retreat after Fed tempers aggressive rate cut expectations
TOKYO (Reuters) – Asian stocks retreated on Wednesday and the dollar inched up from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive monetary easing. FILE PHOTO: A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside a brokerage in Tokyo, Japan, Read More