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Philadelphia refinery fire extinguished; alkylation unit destroyed: sources

23 mins ago DieselGasoil Comments Off on Philadelphia refinery fire extinguished; alkylation unit destroyed: sources
New York — The fire in the alkylation unit at Philadelphia Energy Solutions’ refinery was extinguished Sunday, according to company spokeswoman Cherice Corley. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We can confirm that the fire in the alkylation unit has been extinguished,” Corley said in an email. Read More

To Dotard, love Rocketman? Kim & Trump confirmed ‘friendly’ pen pals despite disagreements

53 mins ago DieselGasoil Comments Off on To Dotard, love Rocketman? Kim & Trump confirmed ‘friendly’ pen pals despite disagreements
“Excellent,” “beautiful,” “friendly,” Donald Trump and Kim Jong-un’s letters show that some things are bigger than politics. As tensions rise over stalling Korea nuclear talks, the leaders’ epistolary relationship is going strong. While we can’t be sure that US President Trump spent the last two weeks since he received North Korean Chairman Kim’s “beautiful” letter Read More

Venezuela’s oil production set for another drop

4 hours ago DieselGasoil Comments Off on Venezuela’s oil production set for another drop
Venezuela’s oil production fell to a new low last month, as economic crisis and sanctions continue to strangle the industry. Venezuela’s output fell by 35,000 bpd in May, plunging to 741,000 bpd for the month, according to OPEC’s secondary sources, the lowest total in about a half century. The problems for Venezuela are not new Read More

Exclusive: Italy’s UniCredit puts possible Commerzbank bid on ice for now – sources

5 hours ago DieselGasoil Comments Off on Exclusive: Italy’s UniCredit puts possible Commerzbank bid on ice for now – sources
LONDON/MILAN (Reuters) – Italy’s UniCredit has put a possible bid for Commerzbank on ice as the German rival does not want to engage in negotiations so soon after the collapse of merger talks with Deutsche Bank, four sources said. FILE PHOTO: A Commerzbank logo is pictured before the bank’s annual news conference in Frankfurt, Germany, Read More

Russia says it will counter ‘illegal’ US sanctions on Iran

6 hours ago DieselGasoil Comments Off on Russia says it will counter ‘illegal’ US sanctions on Iran
By Tom Gillespie, news reporter Russia says it will counter “illegal” sanctions Donald Trump plans to impose on Iran after the downing of a US drone. Deputy foreign minister Sergei Ryabkov has not revealed what steps Russia would take in response to the measures taken by Donald Trump aimed at stopping the country from obtaining Read More

Trump warns of more Iran sanctions with fewer targets remaining

7 hours ago DieselGasoil Comments Off on Trump warns of more Iran sanctions with fewer targets remaining
By Saleha Mohsin and Ladane Nasseri on 6/24/2019 WASHINGTON and DUBAI (Bloomberg) — President Donald Trump is threatening Iran with additional sanctions on Monday, but there’s not much left for the U.S. to target because most of the Islamic Republic’s economy has been crippled by earlier penalties. The U.S. is already sanctioning significant sectors including Read More

Parkland Announces US$500 Million Offering of Senior Unsecured Notes

7 hours ago DieselGasoil Comments Off on Parkland Announces US$500 Million Offering of Senior Unsecured Notes
CALGARY, Alberta, June 24, 2019 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX:PKI), announced today that, subject to market conditions, it plans to commence a private offering of US$500 million aggregate principal amount of senior unsecured notes due 2027 (the “Offering”). Subject to such market conditions, Parkland intends to use Read More

Oil climbs to a three-week high as U.S.-Iran tensions simmer

7 hours ago DieselGasoil Comments Off on Oil climbs to a three-week high as U.S.-Iran tensions simmer
By Saket Sundria and Grant Smith on 6/24/2019 SINGAPORE and LONDON (Bloomberg) — Oil rose to the highest level in more than three weeks as political tensions between the U.S. and Iran continued to simmer, with President Donald Trump announcing plans for further sanctions against the OPEC member. Futures added as much as 1.4% in Read More

Daimler slumps as diesel (gasoil) costs wipe out profit growth

8 hours ago DieselGasoil Comments Off on Daimler slumps as diesel (gasoil) costs wipe out profit growth
FRANKFURT (Reuters) – Daimler shares fell as much as 5% on Monday after the German automaker cut its profit forecast for the third time in 12 months, saying it was setting aside hundreds of millions of euros to cover a regulatory crackdown on diesel (gasoil) emissions. The Daimler logo is seen before the Daimler annual Read More

FedEx confirms Huawei mail ban as new ‘mistake’ reignites Chinese ire

8 hours ago DieselGasoil Comments Off on FedEx confirms Huawei mail ban as new ‘mistake’ reignites Chinese ire
(Reuters) – FedEx Corp has apologized for another Huawei delivery “mistake”, reigniting Chinese ire and drawing the fire of state media which suggested the U.S. delivery firm could end up on China’s upcoming list of companies that harm national interests. FILE PHOTO: A Federal Express truck makes its way down a freeway in San Diego, Read More