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Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact

12 hours ago DieselGasoil Comments Off on Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact
BRASILIA (Reuters) – Brazil’s backsliding on Amazon conservation under right-wing President Jair Bolsonaro and a likely Peronist return to power in Argentina could delay or even derail ratification of an EU-Mercosur trade agreement that took two decades to negotiate. FILE PHOTO: An aerial view of a tract of Amazon jungle recently cleared by loggers and Read More

Oil rises alongside equities, but downbeat OPEC outlook caps gains

20 hours ago DieselGasoil Comments Off on Oil rises alongside equities, but downbeat OPEC outlook caps gains
NEW YORK (Reuters) – Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns. FILE PHOTO: A wastewater injection well owned by Parsley Energy operates in the Permian Basin near Midland, Texas U.S. August 23, 2018. REUTERS/Nick Oxford But oil’s gains Read More

Oil rises alongside equities, but weak OPEC outlook caps gains

23 hours ago DieselGasoil Comments Off on Oil rises alongside equities, but weak OPEC outlook caps gains
NEW YORK (Reuters) – Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns. FILE PHOTO: A wastewater injection well owned by Parsley Energy operates in the Permian Basin near Midland, Texas U.S. August 23, 2018. REUTERS/Nick Oxford But oil’s gains Read More

Wall Street climbs at end of turbulent week

1 day ago DieselGasoil Comments Off on Wall Street climbs at end of turbulent week
(Reuters) – Hopes of more official stimulus for the economy and the easing of a bond market rally drove a broad rise in U.S. stocks on Friday, as a bruising week for markets drew to a close. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Benzene market tightens on naphtha supply buildup

1 day ago DieselGasoil Comments Off on Benzene market tightens on naphtha supply buildup
Highlights Naphtha-benzene spread hits two-year high Naphtha oversupply pressuring pricing London — The spread between benzene and naphtha hit a two-year high this week at $385/mt Wednesday — the widest point since December 2017. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The spread was last seen at $353/mt Read More

Wall Street set to bounce after turbulent week

1 day ago DieselGasoil Comments Off on Wall Street set to bounce after turbulent week
(Reuters) – Hopes of more official stimulus for the economy and the easing of a bond market rally put Wall Street on track to open sharply higher on Friday, as a bruising week for markets drew to a close. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New Read More

Refinery news roundup: Africa launches come into focus

1 day ago DieselGasoil Comments Off on Refinery news roundup: Africa launches come into focus
London — News has emerged about new launches in Africa. Separately, Engen’s refinery in Durban is facing “some challenges” in production and hence will not be able offer bunker fuel in the spot market until the end of September, sources said. The refinery was “highly unlikely” to resume offering until the end of September, which Read More

Imperiled by climate change, Pacific nations chide Australia

1 day ago DieselGasoil Comments Off on Imperiled by climate change, Pacific nations chide Australia
FUNAFUTI, Tuvalu (Reuters) – Small Pacific islands nations at risk from rising sea levels lambasted Australia on Friday after it blocked moves at a regional forum to set down tough policies to combat climate change. FILE PHOTO: Prime Minister of Fiji and COP 23 President Frank Bainimarama speaks during the COP24 UN Climate Change Conference Read More

Norway stops Amazon fund contribution in dispute with Brazil

2 days ago DieselGasoil Comments Off on Norway stops Amazon fund contribution in dispute with Brazil
OSLO (Reuters) – Norway has suspended donations supporting projects to curb deforestation in Brazil after the country’s right-wing government blocked operations of a fund receiving the aid, the Norwegian ministry of climate and environment said on Thursday. Norway has worked closely with Brazil to protect the Amazon rainforest for more than a decade and has Read More

Green energy has a plethora of failures

2 days ago DieselGasoil Comments Off on Green energy has a plethora of failures
By Will Wade on 8/15/2019 NEW YORK (Bloomberg Markets) –It must have seemed like a good idea at the time. The annals of green energy are filled with people who devised “brilliant solutions” to vexing problems, delivering more power for less money, making things cleaner, easier, and better. Some became rich and famous in the Read More