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Vantage Drilling International Announces Pricing of $350 Million Senior Secured Notes Offering

34 mins ago DieselGasoil Comments Off on Vantage Drilling International Announces Pricing of $350 Million Senior Secured Notes Offering
HOUSTON, Nov. 15, 2018 (GLOBE NEWSWIRE) — Vantage Drilling International (“Vantage” or the “Company”) today has priced $350 million in aggregate principal amount of 9.250% Senior Secured First Lien Notes (the “notes”) due 2023 in a private placement at par.  The offering is expected to close on November 30, 2018, subject to customary closing conditions. Read More

US rig count rises by 21 on week to 1,200

2 hours ago DieselGasoil Comments Off on US rig count rises by 21 on week to 1,200
Highlights Operators deploy 11 more gas rigs week on week High gas prices, low storage motivating producers Houston — The US oil and natural gas rig count surged by 21 this week to 1,200, the highest total since early 2015, with gas-oriented rigs accounting for the bulk of the additions, according to data by S&P Read More

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

2 hours 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

Questions remain over UAE imports of Iranian condensate amid US sanctions

3 hours ago DieselGasoil Comments Off on Questions remain over UAE imports of Iranian condensate amid US sanctions
Houston — The benchmark Western Canadian heavy sour crude was trading slightly lower Thursday, one day after having set a record low price on an outright basis, according to market sources and S&P Global Platts data. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Western Canadian Select at Hardisty, Read More

Canada's heavy sour WCS differential lower after outright price record low: trade

5 hours ago DieselGasoil Comments Off on Canada's heavy sour WCS differential lower after outright price record low: trade
Houston — The benchmark Western Canadian heavy sour crude was trading slightly lower Thursday, one day after having set a record low price on an outright basis, according to market sources and S&P Global Platts data. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Western Canadian Select at Hardisty, Read More

US Interior moves toward Arctic offshore oil and gas sale in 2019

6 hours ago DieselGasoil Comments Off on US Interior moves toward Arctic offshore oil and gas sale in 2019
Highlights Commercial interest severely limited Trump administration focused on boosting Alaska output Industry focus is on expanding drilling in Gulf of Mexico Washington DC — The US Department of Interior said Thursday it was preparing an environmental impact statement for a 2019 lease sale that would open as much as 65 million acres of federal Read More

UK's troubled Elgin-Franklin fields regain high output levels: Premier Oil

7 hours ago DieselGasoil Comments Off on UK's troubled Elgin-Franklin fields regain high output levels: Premier Oil
Singapore — Strong selling interest this month in Abu Dhabi’s Murban crude oil is driving trading activity for Oman partials in the Platts Market on Close assessment process this month, as traders tackle weak demand in the broader market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Spot differentials Read More

Naphtha blended into jet fuel pool on weak European gasoline margins

10 hours ago DieselGasoil Comments Off on Naphtha blended into jet fuel pool on weak European gasoline margins
London — European refiners are looking to compensate for poor fluid catalytic cracking margins by blending heavy catalytic naphtha into the jet fuel pool, traders said this week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “You can put some heavy FCC into the distillate pool, cut some of Read More

Selling interest in Murban crude oil drives liquidity in Oman partials

10 hours ago DieselGasoil Comments Off on Selling interest in Murban crude oil drives liquidity in Oman partials
Singapore — Strong selling interest this month in Abu Dhabi’s Murban crude oil is driving trading activity for Oman partials in the Platts Market on Close assessment process this month, as traders tackle weak demand in the broader market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Spot differentials Read More