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US unseals warrant to seize Iranian ‘Grace 1’ tanker released in Gibraltar

3 hours ago DieselGasoil Comments Off on US unseals warrant to seize Iranian ‘Grace 1’ tanker released in Gibraltar
The US has ordered the seizure of newly freed Iranian oil tanker ‘Grace 1,’ charging the ship with illegally using the US financial system to sell oil to Syria to support the IRGC after Gibraltar released the vessel. The Justice Department has unsealed a warrant ordering the seizure and forfeiture of the Iranian tanker, all Read More

Analysis: Oct light sour crude sees upside potential on firm Asian demand

1 day ago DieselGasoil Comments Off on Analysis: Oct light sour crude sees upside potential on firm Asian demand
Light, high sulfur crude grades loading from the Persian Gulf in October and flowing into Asia have the potential to trade at higher premiums than previously expected due to firm product margins and robust demand from North Asian refiners, traders told S&P Global Platts this week. Not registered? Receive daily email alerts, subscriber notes & Read More

Wall Street higher on strong retail sales data

2 days ago DieselGasoil Comments Off on Wall Street higher on strong retail sales data
(Reuters) – U.S. stocks tried to bounce back on Thursday from a steep selloff a day earlier, as strong retails sales data and upbeat Walmart earnings eased concerns of a recession, but mixed signals on trade and Cisco’s dismal forecast capped gains. Recession fears have gripped the market after the U.S. Treasury yield curve inverted Read More

Wall Street rises after strong retail sales data, Walmart earnings

2 days ago DieselGasoil Comments Off on Wall Street rises after strong retail sales data, Walmart earnings
(Reuters) – U.S. stocks rose in choppy trading on Thursday, as strong July retail sales data and Walmart’s upbeat results eased some fears about the economy slipping into recession, but a slump in shares of network gear maker Cisco limited gains. FILE PHOTO: A screen shows the numbers after the closing bell at the New Read More

Premium brews in Asia stoke Carlsberg’s half-year sales

2 days ago DieselGasoil Comments Off on Premium brews in Asia stoke Carlsberg’s half-year sales
(Reuters) – Danish brewer Carlsberg (CARLb.CO) posted a solid rise in half-year sales thanks to Asian markets, where consumers are trading up from mainstream beers to pricier premium brands, lifting its shares 5 percent on Thursday. FILE PHOTO: Carlsberg beer cans are seen at a pub in Mumbai, India, October 20, 2018. REUTERS/Danish Siddiqui/File Photo Read More

Carlsberg half-year sales boosted by Asia, premium beers

2 days ago DieselGasoil Comments Off on Carlsberg half-year sales boosted by Asia, premium beers
(Reuters) – Carlsberg (CARLb.CO) reported a 6.5% rise in half-year sales on Thursday, as the Danish brewer sold more expensive beer and its operating margins improved despite continued challenges in Russia. FILE PHOTO: Carlsberg beer cans are seen at a pub in Mumbai, India, October 20, 2018. REUTERS/Danish Siddiqui/File Photo The brewer posted improved earnings Read More

U.S. import prices rebound, but trend still subdued

3 days ago DieselGasoil Comments Off on U.S. import prices rebound, but trend still subdued
WASHINGTON (Reuters) – U.S. import prices unexpectedly rose in July, but the underlying trend continued to be weak, pointing to subdued imported inflation pressures. FILE PHOTO: A stack of shipping containers are pictured in the Port of Miami in Miami, Florida, U.S., May 19, 2016. REUTERS/Carlo Allegri/File Photo The report from the Labor Department on Read More

U.S. import prices unexpectedly rise, but trend still weak

3 days ago DieselGasoil Comments Off on U.S. import prices unexpectedly rise, but trend still weak
WASHINGTON (Reuters) – U.S. import prices unexpectedly rose in July, but the underlying trend continued to be weak, pointing to subdued imported inflation pressures. FILE PHOTO: A stack of shipping containers are pictured in the Port of Miami in Miami, Florida, U.S., May 19, 2016. REUTERS/Carlo Allegri/File Photo The report from the Labor Department on Read More

Asian stocks cheer Trump’s delay of some China tariffs

3 days ago DieselGasoil Comments Off on Asian stocks cheer Trump’s delay of some China tariffs
TOKYO (Reuters) – Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil. FILE PHOTO: A man walks past in front of a stock quotation board showing the price of the SoftBank Corp. and Nikkei share Read More

Asian stocks bounce in relief as Trump delays China tariffs

3 days ago DieselGasoil Comments Off on Asian stocks bounce in relief as Trump delays China tariffs
TOKYO (Reuters) – Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil. FILE PHOTO: A man walks past in front of a stock quotation board showing the price of the SoftBank Corp. and Nikkei share Read More