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Tech investors: No broad lessons seen in WeWork valuation drama

4 hours ago DieselGasoil Comments Off on Tech investors: No broad lessons seen in WeWork valuation drama
NEW YORK (Reuters) – Two top technology investors cautioned against drawing broadconclusions about the valuation of private companies from questions swirling around U.S. office-sharing startup WeWork. FILE PHOTO: The WeWork logo is displayed on the entrance of a co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid/File Photo Scott Kupor, Read More

Analysis: US crude stocks climb 1.06 million barrels as refiners cut runs, imports rise

1 day ago DieselGasoil Comments Off on Analysis: US crude stocks climb 1.06 million barrels as refiners cut runs, imports rise
New York — US crude inventories climbed 1.06 million barrels last week to 417.13 million barrels, as refiners cut runs while imports edged higher, US Energy Information Administration data showed Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The stock build was considered bearish for NYMEX crude futures, Read More

Singapore bunker premiums scale new highs as HSFO market prices in Saudi attacks

2 days ago DieselGasoil Comments Off on Singapore bunker premiums scale new highs as HSFO market prices in Saudi attacks
Singapore — Bunker premiums in Singapore have climbed to new historical highs, underpinned by the strength in the high sulfur fuel oil cargo market, on concerns of increasingly limited supply of the high sulfur fuel grade in light of last Saturday’s attacks on key Saudi Arabian oil facilities. Not registered? Receive daily email alerts, subscriber Read More

China’s Shandong independent refiners keep Aug run rates steady at 60.4%

3 days ago DieselGasoil Comments Off on China’s Shandong independent refiners keep Aug run rates steady at 60.4%
Singapore — Combined run rates at China’s independent refineries in eastern Shandong province was more or less stable at around 60.4% in August, compared with 60.2% in July, according to S&P Global Platts calculations based on data from JLC. JLC is a Beijing-based information provider, formerly known as JYD. Not registered? Receive daily email alerts, Read More

Singapore high sulfur fuel oil margins flip to positive on Saudi supply uncertainty

3 days ago DieselGasoil Comments Off on Singapore high sulfur fuel oil margins flip to positive on Saudi supply uncertainty
Singapore — Singapore high sulfur fuel oil margins turned to positive territory in mid-morning trade Tuesday as sentiment was lifted by supply uncertainty arising from the drone attacks on Saudi Arabia’s key oil facilities. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The crack spread for October 180 CST Read More

Ultra Petroleum Corp. Proactively Enters into Amended Credit Facility to Remove Maintenance Covenants, Suspends Drilling Program, Substantially Increase Free Cash Flow Generation and Announces a Fall Borrowing Base Redetermination of $1.175 Billion and Commitment Amount to the Credit Facility of $200 Million

3 days ago DieselGasoil Comments Off on Ultra Petroleum Corp. Proactively Enters into Amended Credit Facility to Remove Maintenance Covenants, Suspends Drilling Program, Substantially Increase Free Cash Flow Generation and Announces a Fall Borrowing Base Redetermination of $1.175 Billion and Commitment Amount to the Credit Facility of $200 Million
ENGLEWOOD, Colo., Sept. 16, 2019 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (“Ultra Petroleum” or the “Company”) (OTCQX: UPLC) announces that it has received unanimous approval from the lenders for its revolving credit facility (the “Credit Facility”) and entered into an amendment that, among other items, removes the financial maintenance covenants from the Credit Facility. This Read More

EIA releases plant-level U.S. biodiesel (gasoil) production capacity data

4 days ago DieselGasoil Comments Off on EIA releases plant-level U.S. biodiesel (gasoil) production capacity data
September 16, 2019 On September 13, the U.S. Energy Information Administration (EIA) released its first annual U.S. Biodiesel (gasoil) Plant Production Capacity Report. The report includes the total biodiesel (gasoil) production capacity for all operating plants in both million gallons per year (gal/y) and barrels per day (b/d) as of January 1, 2019. The names Read More

Apple has sour reaction to Goldman Sachs’ analyst note

6 days ago DieselGasoil Comments Off on Apple has sour reaction to Goldman Sachs’ analyst note
NEW YORK (Reuters) – Apple Inc APPL.O struck out at a Goldman Sachs Group Inc (GS.N) analyst on Friday in a relatively rare public dust-up between a blue chip Wall Street firm and its client. The Apple logo is displayed at an event at their headquarters in Cupertino, California, U.S. September 10, 2019. REUTERS/Stephen Lam Read More

Aston Martin falls 5% in its London IPO

7 days ago DieselGasoil Comments Off on Aston Martin falls 5% in its London IPO
You could own James Bond’s car Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion. But its first day of trading in London got off to a rocky start. The favorite carmaker of fictional British secret service agent James Bond priced its Read More

Record low rates deliver competitive advantages to Australia’s biggest banks: regulator

7 days ago DieselGasoil Comments Off on Record low rates deliver competitive advantages to Australia’s biggest banks: regulator
SYDNEY (Reuters) – Australia’s banking watchdog on Friday said record-low interest rates are likely to benefit the country’s “Big Four” lenders over their smaller counterparts due to their better capital position and access to cheaper funds. FILE PHOTO: A man uses his mobile phone as he leaves the Commonwealth Bank of Australia building in central Read More