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Canadian crude rallies as U.S. demand and rail shipments rise

20 hours ago DieselGasoil Comments Off on Canadian crude rallies as U.S. demand and rail shipments rise
By Robert Tuttle on 11/16/2018 CALGARY (Bloomberg) — Canadian heavy crude prices rallied Friday as U.S. Refinery demand rises and increased volumes are shipped by rail car. Heavy Western Canadian Select’s discount to West Texas Intermediate futures narrowed to $39.25/bbl, the smallest since late September, data compiled by Bloomberg show. The absolute price increased to Read More

GasLog Ltd. and GasLog Partners LP Announce Agreement to Modify Incentive Distribution Rights

1 day ago DieselGasoil Comments Off on GasLog Ltd. and GasLog Partners LP Announce Agreement to Modify Incentive Distribution Rights
Monaco, Nov. 16, 2018 (GLOBE NEWSWIRE) — GasLog Ltd. (“GasLog” or “the General Partner”) (NYSE:GLOG) and GasLog Partners LP (“GasLog Partners” or “the Partnership”) (NYSE:GLOP) today announce an agreement to modify the partnership agreement with respect to the General Partner’s incentive distribution rights (“IDR”). The modification will have the effect of reducing the General Partner’s Read More

Volkswagen CEO to take responsibility for China business: source

1 day ago DieselGasoil Comments Off on Volkswagen CEO to take responsibility for China business: source
FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt/File Photo HAMBURG (Reuters) – Volkswagen chief executive (VOWG_p.DE) Herbert Diess will take on responsibility for the carmaker’s business in China, a source said as VW’s supervisory board met in Wolfsburg on Friday. Read More

VW's supervisory board eyes multi-billion electrification plan

2 days ago DieselGasoil Comments Off on VW's supervisory board eyes multi-billion electrification plan
FILE PHOTO: Volkswagen e-Golf electric car and charging station are seen during the motor show in Riga, Latvia April 6, 2018. REUTERS/Ints Kalnins FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) supervisory board is due to vote on a multi-billion euro investment plan on Friday, including steps to retool three German plants to mass produce electric cars and Read More

Analyis: Crude stocks soar amid record production, nearly flat refinery runs

2 days ago DieselGasoil Comments Off on Analyis: Crude stocks soar amid record production, nearly flat refinery runs
Highlights Crude stocks add 10.27 million barrels Refinery runs edge up to 90.1% of capacity Refined product demand rockets to multi-decade high New York — US crude supply increased to a 48-week high last week on the back of record-high production and languishing Refinery runs, Energy Information Administration data showed Thursday. Not registered? Receive daily Read More

Gardner Denver expands water jetting systems rental program

2 days ago DieselGasoil Comments Off on Gardner Denver expands water jetting systems rental program
11/15/2018 Photo: Gardner Denver 550 series multi-blasters water jetting system. HOUSTON – Gardner Denver Petroleum & Industrial Pumps is pleased to introduce Fluid Transfer Technology of Barberton, Ohio, and O’Connell Jetting of Benicia, California, as the newest members of the rental partnership program for Gardner Denver. Rental systems are currently available in the Ohio and Read More

PGS: Preferred tenderer for vessel sale and long-term cooperation with JOGMEC in Japan

3 days ago DieselGasoil Comments Off on PGS: Preferred tenderer for vessel sale and long-term cooperation with JOGMEC in Japan
November 15, 2018; Oslo, Norway: PGS has as part of a tender process offered to sell the Ramform Sterling to the Japan Oil, Gas and Metals National Corporation (“JOGMEC”) an incorporated administrative agency of Ministry of Economy Trade and Industry. PGS has now been informed that the Company is the preferred tenderer, and negotiations will Read More

Supply glut pushes CFR Japan naphtha front-month timespread to 26-month low

3 days ago DieselGasoil Comments Off on Supply glut pushes CFR Japan naphtha front-month timespread to 26-month low
Singapore — Front-month CFR Japan naphtha December/January swaps spread fell to a 26-month low of minus $4/mt Wednesday under the weight of a supply overhang despite several buy tenders from South Korea and China. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The prompt timespread was last lower on Read More

Madalena Announces Q3 ‐ 2018 Results and Operational Update

3 days ago DieselGasoil Comments Off on Madalena Announces Q3 ‐ 2018 Results and Operational Update
(All dollar figures are expressed in United States dollars unless otherwise stated) BUENOS AIRES, Argentina, Nov. 14, 2018 (GLOBE NEWSWIRE) — Madalena Energy Inc. (“Madalena” or the “Company”) (TSXV: MVN and OTCQX: MDLNF) announces its operating and financial results for the three and nine months ended September 30, 2018.  Selected information is outlined below and Read More