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PES up against the clock to sell Philadelphia refinery in cash crunch

5 hours ago DieselGasoil Comments Off on PES up against the clock to sell Philadelphia refinery in cash crunch
NEW YORK (Reuters) – Finding a buyer for Philadelphia Energy Solutions’ oil refinery has grown urgent as the bankrupt company’s funds dwindle and no signs emerge that it is winning a fight for insurance payouts after a June blaze at the plant, according to court documents and bankruptcy experts. FILE PHOTO: The Philadelphia Energy Solutions Read More

Canada awards multi-billion contract to General Dynamics as election looms

11 hours ago DieselGasoil Comments Off on Canada awards multi-billion contract to General Dynamics as election looms
FILE PHOTO: The General Dynamics Land Systems – Canada factory is seen in London, Ontario, Canada October 23, 2018. REUTERS/Chris Helgren OTTAWA (Reuters) – Canada on Friday announced a multi-billion dollar contract with General Dynamics Corp for equipment that will be manufactured in a region where the ruling Liberals need to do well in an Read More

Argentina enforces fuel price caps despite warnings of oil production slowdown

12 hours ago DieselGasoil Comments Off on Argentina enforces fuel price caps despite warnings of oil production slowdown
Buenos Aires — Crude sales price falls to $40-42/b Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Caps seen a threat to Vaca Muerta development Refined products imports rise Argentina imposed a 90-day freeze on diesel (gasoil) and gasoline prices Friday, driving down domestic crude prices by around 30% Read More

Trump fat-shames one of his own supporters at campaign rally

12 hours ago DieselGasoil Comments Off on Trump fat-shames one of his own supporters at campaign rally
Donald Trump is no stranger to insulting people at his political rallies, but even he doesn’t normally go for his own supporters. The US president fat-shamed one of his fans during a campaign rally in New Hampshire on Thursday. Image: Mr Trump claimed Frank Dawson had a ‘serious weight problem’ Hearing a protester interrupt behind Read More

Between F-16 sale to Taiwan, Hong Kong and tariffs, China has no reason to trust US

12 hours ago DieselGasoil Comments Off on Between F-16 sale to Taiwan, Hong Kong and tariffs, China has no reason to trust US
Word that US President Donald Trump is pushing for a sale of F-16 fighters to Taiwan worth $8 billion is unlikely to help a ‘deal’ with China, as Beijing’s already blaming Washington for the Hong Kong protests and the tariff war. The proposed sale of 66 modernized jet fighters is still a rumor, as no Read More

Oil rises alongside equities, but downbeat OPEC outlook caps gains

13 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

16 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

OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus

18 hours ago DieselGasoil Comments Off on OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus
LONDON (Reuters) – OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply. FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) Read More

Wall Street climbs at end of turbulent week

18 hours 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

Wall Street set to bounce after turbulent week

19 hours 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