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Hurricane Barry halts large portion of GOM oil output

1 hour ago DieselGasoil Comments Off on Hurricane Barry halts large portion of GOM oil output
By Saket Sundria and Alex Longley on 7/15/2019 SINGAPORE and LONDON (Bloomberg) –Oil traded near $60/bbl after a storm shut almost three-quarters of U.S. Gulf of Mexico crude production, even as lingering demand concerns continue to dent the outlook. Futures rose 0.2% in New York. About 73% of crude output in the Gulf of Mexico Read More

Oil prices edge higher on Chinese economic data

2 hours ago DieselGasoil Comments Off on Oil prices edge higher on Chinese economic data
LONDON (Reuters) – Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were capped by overall figures showing the country’s slowest quarterly economic growth in decades. A horizontal drilling rig on a lease owned by Parsley Energy operates at sunrise in the Permian Basin near Midland, Texas Read More

Oil prices nudge up on Chinese economic data

4 hours ago DieselGasoil Comments Off on Oil prices nudge up on Chinese economic data
LONDON (Reuters) – Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were capped by overall figures showing the country’s slowest quarterly economic growth in decades. A horizontal drilling rig on a lease owned by Parsley Energy operates at sunrise in the Permian Basin near Midland, Texas Read More

Analysis: Lower Qatari crude volumes may add to upward price momentum

5 hours ago DieselGasoil Comments Off on Analysis: Lower Qatari crude volumes may add to upward price momentum
A shorter-than-usual Qatari loading program for Al-Shaheen crude may contribute to the uptick in sour crude price differentials for physical cargoes trading this month, crude traders in Asia told S&P Global Platts this week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Al-Shaheen production is currently approximated to be Read More

Trade war damage as China growth slows to 27-year low

6 hours ago DieselGasoil Comments Off on Trade war damage as China growth slows to 27-year low
By James Sillars, business reporter China’s economic growth slowed to its weakest level since 1992 in the second quarter of the year – damaged by the country’s trade war with the US. Official figures released in Beijing showed an annual rate of growth of 6.2% between March and June. That represented a slowdown on the Read More

Slower China GDP growth nudges oil prices lower

7 hours ago DieselGasoil Comments Off on Slower China GDP growth nudges oil prices lower
SINGAPORE (Reuters) – Oil prices slipped on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing concerns about demand in the world’s largest crude oil importer. A horizontal drilling rig on a lease owned by Parsley Energy operates at sunrise in the Permian Basin near Midland, Texas U.S. August Read More

Analysis: Asian distillate refining margins receive boost from plant issues

7 hours ago DieselGasoil Comments Off on Analysis: Asian distillate refining margins receive boost from plant issues
Singapore — A recent slew of issues at refineries around the globe has provided a much-needed boost to Asian refining margins in July, improving overall regional fundamentals and opening arbitrage opportunities. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The gasoline market, which has been grappling with a supply Read More

7 things to know before the bell

8 hours ago DieselGasoil Comments Off on 7 things to know before the bell
Click chart for more in-depth data. 1. The race to driverless cars: SoftBank (SFTBF) and Toyota (TM) are forming a joint venture that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which food is prepared en route. SoftBank will own just over half of Monet, the Read More

Dubai futures’ discount to Brent widens, eyes on China demand

8 hours ago DieselGasoil Comments Off on Dubai futures’ discount to Brent widens, eyes on China demand
Singapore — Sour crude benchmark Dubai futures’ discount to ICE Brent widened slightly in mid-morning trade in Asia Monday, while the market will weigh fresh cues on Chinese demand, which has been driving premiums higher for Middle East barrels in recent days. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Read More

Crude oil futures slip as Storm Barry weakens, IEA report bearish

9 hours ago DieselGasoil Comments Off on Crude oil futures slip as Storm Barry weakens, IEA report bearish
Singapore — Crude oil futures were lower during mid-morning trade in Asia Monday as markets began to recover from Tropical Storm Barry, while a bearish outlook on oil fundamentals by the International Energy Agency also pushed prices lower. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:40 am Read More