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After Abqaiq, analysts see higher oil price risk premium, more supply disruptions

4 hours ago DieselGasoil Comments Off on After Abqaiq, analysts see higher oil price risk premium, more supply disruptions
Highlights Saudi attacks result in $5-$10/b premium Brent price rises $4.18/b since Saturday’s attack US-Iran tensions increase likelihood of similar supply attacks Washington — The unprecedented attacks on Saudi oil facilities over the weekend are widely viewed by analysts as the most significant supply disruption the oil market has ever seen, increasing the geopolitical risk Read More

Upbeat data suggest U.S. economy still on moderate growth path

8 hours ago DieselGasoil Comments Off on Upbeat data suggest U.S. economy still on moderate growth path
WASHINGTON (Reuters) – The number of Americans filing applications for unemployment benefits increased less than expected last week, pointing to strong labor market conditions that should continue to support an economy growing at a moderate pace. FILE PHOTO: Job seekers line up at TechFair in Los Angeles, California, U.S. March 8, 2018. REUTERS/Monica Almeida/File Photo Read More

U.S. labor market remains strong, manufacturing still weak

11 hours ago DieselGasoil Comments Off on U.S. labor market remains strong, manufacturing still weak
WASHINGTON (Reuters) – The number of Americans filing applications for unemployment increased less than expected last week, pointing to strong labor market conditions that should continue to support an economy growing at a moderate pace. FILE PHOTO: Job seekers line up at TechFair in Los Angeles, California, U.S. March 8, 2018. REUTERS/Monica Almeida/File Photo Other Read More

FRO – Expiration of options to purchase additional Suezmax tankers

1 day ago DieselGasoil Comments Off on FRO – Expiration of options to purchase additional Suezmax tankers
Reference is made to the notice of 23 August 2019, whereby Frontline Ltd. (“Frontline”) (NYSE and OSE: FRO) announced an agreement with Trafigura Maritime Logistics (“TML”), a wholly-owned subsidiary of Trafigura Pte Ltd (“Trafigura”) and certain related entities, to acquire ten Suezmax tankers, with two separate options to acquire two plus two additional Suezmax tankers Read More

California waiver fight may become a top energy issue in election

1 day ago DieselGasoil Comments Off on California waiver fight may become a top energy issue in election
Highlights Battle heads to the courts, adding to uncertainty for automakers Trump says rollback helps drivers to replace older cars Policy expected to boost US oil demand by 500,000 b/d Washington — Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now US President Donald Trump said Wednesday he is revoking Read More

Millions of Americans’ medical images and data left ‘unprotected’ online, investigation reveals

1 day ago DieselGasoil Comments Off on Millions of Americans’ medical images and data left ‘unprotected’ online, investigation reveals
Medical images and health data belonging to millions of Americans — including X-rays and CT scans — are unprotected online and able to be seen by anyone with basic computer expertise, a scathing new report published Tuesday found. According to ProPublica, which worked in partnership with German broadcaster Bayerischer Rundfunk on the investigation, the records covered Read More

Explainer: The Fed has a repo problem. What’s that?

1 day ago DieselGasoil Comments Off on Explainer: The Fed has a repo problem. What’s that?
(Reuters) – As if the U.S. Federal Reserve didn’t already have enough on its plate heading into its meeting on interest rates this week, chaos deep inside the plumbing of the U.S. financial system has thrown policymakers an unexpected curveball. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March Read More

Russia refuses to play musical chairs with America’s debt, continues to dump US Treasuries

2 days ago DieselGasoil Comments Off on Russia refuses to play musical chairs with America’s debt, continues to dump US Treasuries
Moscow has continued to sell off US Treasury securities, cutting its stockpile by $2.35 billion in July, according to the latest US Department of the Treasury data released on Tuesday. Russia’s holdings of US state debt amounted to $8.5 billion in July, with long-term US Treasury securities standing at $6.2 billion and short-term at $2.2 Read More

Saudi oil outage impact following attacks on refineries not as bad as predicted

2 days ago DieselGasoil Comments Off on Saudi oil outage impact following attacks on refineries not as bad as predicted
The attacks on Saudi oil facilities that led to the largest ever disruption in oil markets might not last for several months, and therefore, additional supply from the Strategic Petroleum Reserve isn’t necessary. The outage at Abqaiq is not just a problem because of the immediate impact on production, but also because it takes much Read More