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Japanese refiners to get full October term Saudi crude nominations: PAJ chief

49 mins ago DieselGasoil Comments Off on Japanese refiners to get full October term Saudi crude nominations: PAJ chief
Tokyo — Japanese refiners will get their full Saudi Arabian term crude supply nominated for loading in October, despite recent attacks at oil facilities in Saudi Arabia over the weekend, Takashi Tsukioka, president of the Petroleum Association of Japan, said at a press conference Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

India’s state-run refineries assured of ‘uninterrupted’ Saudi supplies in Oct

49 mins ago DieselGasoil Comments Off on India’s state-run refineries assured of ‘uninterrupted’ Saudi supplies in Oct
Singapore — Indian state-run refineries will receive uninterrupted crude supplies from Saudi Arabia in October, oil ministry officials said Thursday, allaying fears of any temporary supply disruption due to the recent attacks on Saudi Aramco’s key oil facilities. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now India’s oil minister Read More

Three state-run Chinese refineries face delays in Saudi crude shipments in Q4

49 mins ago DieselGasoil Comments Off on Three state-run Chinese refineries face delays in Saudi crude shipments in Q4
Singapore — Three state-run refineries in China expect delays in Saudi crude shipments in the fourth quarter, as loading schedules for some October term contract barrels have been pushed back due to the recent output disruption, said refinery sources with direct knowledge of the matter Wednesday. Not registered? Receive daily email alerts, subscriber notes & Read More

Crude oil futures steady amid US stockbuild, geopolitical risks

4 hours ago DieselGasoil Comments Off on Crude oil futures steady amid US stockbuild, geopolitical risks
Singapore — Crude oil futures were largely steady during mid-morning trade in Asia Thursday amid a combination of bullish and bearish factors emerging from a build in US crude stocks and ongoing supply and geopolitical risks in the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At Read More

Dubai futures: Brent/Dubai spread tightens as Saudi Arabia seeks Iraqi crude

4 hours ago DieselGasoil Comments Off on Dubai futures: Brent/Dubai spread tightens as Saudi Arabia seeks Iraqi crude
Singapore — Benchmark Dubai crude futures’ discount to ICE Brent tightened in mid-morning trading in Asia Thursday, as sour crude traders digested news that Saudi Arabia might look to Iraq for extra crude volume to meet its supply commitments to term customers and for its own refinery network. Not registered? Receive daily email alerts, subscriber Read More

Saudi Arabia looking to buy Iraqi crude in wake of recent attacks: sources

4 hours ago DieselGasoil Comments Off on Saudi Arabia looking to buy Iraqi crude in wake of recent attacks: sources
Highlights Aramco contacted SOMO for Basrah Light barrels SOMO yet to comply with request Saudi focusing on diverting more barrels for export Singapore — The world’s largest crude exporter, Saudi Arabia has approached Iraq’s State Oil Marketing Organization to buy Iraqi crude as it looks to fill a supply shortfall in the wake of the Read More

Asian shares turn lower on guarded Fed, yen rises after BOJ

4 hours ago DieselGasoil Comments Off on Asian shares turn lower on guarded Fed, yen rises after BOJ
TOKYO (Reuters) – Asian shares turned lower on Thursday after the U.S. Federal Reserve cut interest rates as expected but signaled a higher bar to further policy easings. FILE PHOTO: A man sits in front of a screen displaying stock information at a brokerage house in Jinhua, Zhejiang province, China August 2, 2019. REUTERS/Stringer Treasury Read More

Asian shares edge higher after Fed, investors await BOJ

7 hours ago DieselGasoil Comments Off on Asian shares edge higher after Fed, investors await BOJ
TOKYO (Reuters) – Asian shares edged higher on Thursday, tracking some modest Wall Street gains after the U.S. Federal Reserve cut interest rates as expected but offered mixed signals on the next easing, keeping investors cautious. FILE PHOTO: A man sits in front of a screen displaying stock information at a brokerage house in Jinhua, Read More

U.S. bankers seize on repo-market stress to push for softer liquidity rules

9 hours ago DieselGasoil Comments Off on U.S. bankers seize on repo-market stress to push for softer liquidity rules
WASHINGTON (Reuters) – Big U.S. banks are using the recent chaos in short-term funding markets as an opportunity to pressure the Federal Reserve to ease liquidity requirements they have long despised. JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Read More

Stocks reverse losses, Treasury yields dip following remarks by Fed’s Powell

11 hours ago DieselGasoil Comments Off on Stocks reverse losses, Treasury yields dip following remarks by Fed’s Powell
NEW YORK (Reuters) – The S&P 500 and the Dow reversed losses to close higher on Wednesday and U.S. Treasury yields slipped after remarks by Federal Reserve Chair Jerome Powell tempered the market’s initial reaction to the U.S. central bank’s policy statement. Traders work on the floor at the New York Stock Exchange (NYSE) in Read More