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S&P trades near flat as Citigroup results weigh on bank stocks

2 hours ago DieselGasoil Comments Off on S&P trades near flat as Citigroup results weigh on bank stocks
NEW YORK (Reuters) – The benchmark S&P 500 index struggled for direction in choppy trade on Monday as earnings season began in earnest with a mixed quarterly report from Citigroup Inc (C.N). Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid The bank Read More

Wall Street flat as Citi results weigh on bank shares

7 hours ago DieselGasoil Comments Off on Wall Street flat as Citi results weigh on bank shares
(Reuters) – Wall Street’s three main indexes eased from their record highs on Monday as bank stocks turned lower after the third largest U.S. lender, Citigroup, reported a squeeze in interest margins. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid Shares of Read More

Citigroup profit beats estimates on gains in consumer lending

7 hours ago DieselGasoil Comments Off on Citigroup profit beats estimates on gains in consumer lending
(Reuters) – Citigroup Inc (C.N) beat analysts’ estimates for quarterly profit on Monday, as a tight lid on costs and strength in consumer lending helped the third-largest U.S. bank counter weakness in its trading business. A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Read More

Callon to acquire Carrizo in $3.2-billion stock transaction

8 hours ago DieselGasoil Comments Off on Callon to acquire Carrizo in $3.2-billion stock transaction
7/15/2019 HOUSTON — Callon Petroleum Company and Carrizo Oil & Gas announced that their boards of directors have unanimously approved a definitive agreement under which Callon will acquire Carrizo in an all-stock transaction valued at $3.2 billion. This highly complementary combination will create a leading oil and gas company with scaled development operations across a Read More

Pacific Ethanol Pekin Extends Credit Agreements with CoBank

9 hours ago DieselGasoil Comments Off on Pacific Ethanol Pekin Extends Credit Agreements with CoBank
SACRAMENTO, Calif., July 15, 2019 (GLOBE NEWSWIRE) — Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in the United States, reported it has extended the terms of its credit agreements with CoBank, ACB. Pacific Ethanol Pekin, LLC (“Pekin”), an indirect wholly-owned subsidiary of Pacific Ethanol, Read More

Analysis: Asian distillate refining margins receive boost from plant issues

16 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

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

17 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

Analysis: SCOOP/STACK operators scale back rig activity

3 days ago DieselGasoil Comments Off on Analysis: SCOOP/STACK operators scale back rig activity
Highlights Active rigs drop 25% this year Midship Pipeline likely guarantees future growth Denver — Operators in the SCOOP/STACK have shed about a quarter of rigs in the play year to date, but with Midship Pipeline on track to enter service soon, it looks to ensure production growth despite the recent decline in activity. Not Read More

Canada’s struggling energy industry takes stock at annual Stampede party

3 days ago DieselGasoil Comments Off on Canada’s struggling energy industry takes stock at annual Stampede party
CALGARY, Alberta (Reuters) – Frustration is palpable among Canadian energy executives who have flocked to the annual Calgary Stampede celebrations in Canada’s oil capital this week, even though a recent pipeline approval gives them something to celebrate amid the rodeo competitions, corporate parties and pancake breakfasts. FILE PHOTO – President and CEO of Suncor Energy Read More

U.S. producer prices rise marginally, suggest tame inflation

3 days ago DieselGasoil Comments Off on U.S. producer prices rise marginally, suggest tame inflation
WASHINGTON (Reuters) – U.S. producer prices rose slightly for the second straight month in June as an acceleration in the cost of services was offset by cheaper energy goods, resulting in the smallest annual increase in producer inflation in nearly 2-1/2 years. FILE PHOTO: Price tags are pictured at a Ralphs grocery store in Pasadena, Read More