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Toshiba Memory sees ‘good chance’ of M&A in push for data center business

11 hours ago DieselGasoil Comments Off on Toshiba Memory sees ‘good chance’ of M&A in push for data center business
TOKYO (Reuters) – Japan’s Toshiba Memory said there was a “good chance” of acquisitions as it pushes to increase its share of the market for advanced storage products used in data centers. FILE PHOTO: Toshiba’s flash memory factory is pictured during a media tour in Yokkaichi, western Japan September 9, 2014. REUTERS/Reiji Murai/File Photo Toshiba Read More

In 2018, foreign-sourced uranium accounted for 90% of U.S. nuclear operators’ purchases

13 hours ago DieselGasoil Comments Off on In 2018, foreign-sourced uranium accounted for 90% of U.S. nuclear operators’ purchases
July 22, 2019 Most uranium purchased by U.S. civilian nuclear power reactor operators every year comes from foreign countries. In 2018, 90% of the 40 million pounds of uranium purchased was from foreign countries, led by Canada (24% of total), Kazakhstan (20%), Australia (18%), and Russia (13%). U.S.-origin uranium accounted for 10% of purchases, or Read More

Oil will go ‘bust’ if recession hits

2 days ago DieselGasoil Comments Off on Oil will go ‘bust’ if recession hits
Oil prices plunged again on Thursday, dragged down by fears of slowing demand. An unexpected increase in inventories underscored the downside risk to oil prices. The EIAreported a drawdown in crude stocks, but a huge 9.25 million barrel combined increase in gasoline and diesel (gasoil) inventories, which surprised traders. Also, gasoline demand plunged by 0.5 mb/d Read More

Oil jumps after U.S. Navy downs Iranian drone

4 days ago DieselGasoil Comments Off on Oil jumps after U.S. Navy downs Iranian drone
TOKYO/SINGAPORE (Reuters) – Oil prices rose nearly 2% on Friday as tensions brewed again in the Middle East after a U.S. Navy ship destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, Read More

Oil falls nearly 3% as U.S. Gulf production returns

4 days ago DieselGasoil Comments Off on Oil falls nearly 3% as U.S. Gulf production returns
NEW YORK (Reuters) – Oil fell nearly 3% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week’s hurricane in the region. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March Read More

Iran confirms it seized fuel tanker in the Persian Gulf

5 days ago DieselGasoil Comments Off on Iran confirms it seized fuel tanker in the Persian Gulf
By Alex Longley on 7/18/2019 LONDON (Bloomberg) –Oil extended gains after Iran confirmed it had seized a foreign oil tanker in the Persian Gulf earlier this week. Brent crude gained as much as 1.3%, reversing some of the heavy losses the global benchmark suffered in the previous two sessions. Iran’s Revolutionary Guards said it captured Read More

Crude futures steady after fall on U.S. oil products stocks gain

5 days ago DieselGasoil Comments Off on Crude futures steady after fall on U.S. oil products stocks gain
TOKYO (Reuters) – Oil prices steadied on Thursday after falling in the previous session when official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March 28, 2019. REUTERS/Christian Hartmann Read More

Crude oil futures up on mixed US stocks data, geopolitical tensions

5 days ago DieselGasoil Comments Off on Crude oil futures up on mixed US stocks data, geopolitical tensions
Singapore — Crude oil futures were stable to marginally higher during mid-morning trade in Asia Thursday, amid a mixed report on US inventory data and ongoing geopolitical tensions. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:20 am Singapore time (0220 GMT), front-month ICE Brent September futures rose Read More

Crude futures fall after strong build in U.S. oil products stocks

5 days ago DieselGasoil Comments Off on Crude futures fall after strong build in U.S. oil products stocks
TOKYO (Reuters) – Oil prices fell on Thursday, extending declines into a fourth day, after official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March 28, 2019. REUTERS/Christian Hartmann Read More

Oil prices fall more than 1% after U.S. fuel inventories build

5 days ago DieselGasoil Comments Off on Oil prices fall more than 1% after U.S. fuel inventories build
NEW YORK (Reuters) – Oil futures fell more than 1% on Wednesday, extending a more than 3% drop in prices the previous session, after U.S. government data showed large builds in refined product stockpiles. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. REUTERS/Christian Hartmann Brent crude Read More