newszine

Dubai futures: Sour crude still pricing in Middle East risk despite reassurances

14 mins ago DieselGasoil Comments Off on Dubai futures: Sour crude still pricing in Middle East risk despite reassurances
Singapore — Spreads for benchmark Dubai crude futures were mixed in mid-morning trading hours on Wednesday, as market participants continue to price in risk premia for the Middle East following an overnight press conference by the country’s new energy minister, Prince Abdulaziz bin Salman. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Asia middle distillates ease on anticipated Saudi’s production return

14 mins ago DieselGasoil Comments Off on Asia middle distillates ease on anticipated Saudi’s production return
Singapore — The Asian middle distillates markets eased on expectations that Saudi Arabia would restore most of the crude oil production affected by Saturday’s attacks on two of its key oil facilities by the end of the month, trade sources said Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Read More

Asian gasoline retreats on Saudi reassurance it will restore output in 2 weeks

14 mins ago DieselGasoil Comments Off on Asian gasoline retreats on Saudi reassurance it will restore output in 2 weeks
Singapore — Asian gasoline cracks plunged mid-morning Wednesday from multi-month highs, after overnight news that Saudi Arabia will restore most of its crude production at its affected Abqaiq oil processing facility within two weeks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Based on indications from market participants at Read More

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

1 hour 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

Crude oil futures slip on Saudi reassurance, bearish US stock data

2 hours ago DieselGasoil Comments Off on Crude oil futures slip on Saudi reassurance, bearish US stock data
Singapore — Crude oil futures were marginally lower during mid-morning trade in Asia Wednesday following reassurances by Saudi Arabia that it would be able to resume production in two weeks and after the release of bearish US data on last week’s oil stocks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it

3 hours ago DieselGasoil Comments Off on Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it
FILE PHOTO: Scott Minerd, Chairman of Guggenheim Investments and Global Chief Investment Officer, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York, U.S., November 12, 2018. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Guggenheim Partners global chief investment officer Scott Minerd warned on Tuesday the firm’s recession forecast model showed a 58% Read More

Explainer: Why Asia’s biggest economies are backing hydrogen fuel cell cars

5 hours ago DieselGasoil Comments Off on Explainer: Why Asia’s biggest economies are backing hydrogen fuel cell cars
TOKYO (Reuters) – China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars. FILE PHOTO: An Air Liquide hydrogen station for hydrogen fuel cell cars is seen in Paris, France, October 13, 2016. Read More

Toyota banks on Olympic halo for the humble bus to keep hydrogen dream alive

6 hours ago DieselGasoil Comments Off on Toyota banks on Olympic halo for the humble bus to keep hydrogen dream alive
TOKYO (Reuters) – Buses may not be the most glamorous mode of transport but at the 2020 Tokyo Olympic games, they will represent Toyota Motor Corp’s (7203.T) best bet for wider acceptance of hydrogen power – technology so far eclipsed by electric vehicles. FILE PHOTO: Toyota Motor Corp. displays the company’s fuel cell bus Sora Read More

Houston-Area refineries operate normally as tropical storm moves ashore: sources

6 hours ago DieselGasoil Comments Off on Houston-Area refineries operate normally as tropical storm moves ashore: sources
HOUSTON (Reuters) – Refineries in Houston, Texas City and Sweeny, Texas were operating normally as Tropical Storm Imelda came ashore on Tuesday afternoon, said companies and sources familiar with plant operations. Eight refineries in the Houston metropolitan area, Texas City and Sweeny can process a combined 2.5 million barrels per day (bpd), or 13.6% of Read More

FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies

6 hours ago DieselGasoil Comments Off on FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies
London — Oil prices fell Tuesday, giving back more than half of Monday’s surge, after Saudi energy minister Prince Abdulaziz bin Salman said he expects most of the country’s lost crude production to be restored within two weeks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The fast recovery Read More