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US issues warrant to stop Iranian tanker leaving Gibraltar

4 hours ago DieselGasoil Comments Off on US issues warrant to stop Iranian tanker leaving Gibraltar
By Rachael Kennedy, news reporter The US has issued a warrant to seize an Iranian supertanker in a bid to prevent it from leaving Gibraltar. Iran’s Grace 1 tanker, which is carrying 2.1 million barrels of oil, has been detained in Gibraltar since 4 July amid speculation that it planned to transport its cargo to Read More

China prepares its ‘nuclear option’ in trade war

4 hours ago DieselGasoil Comments Off on China prepares its ‘nuclear option’ in trade war
As the trade war continues to escalate, China is becoming increasingly active in Iran and is considering retaliating with what has long been described as the country’s ‘nuclear option’. For the first of these projects – Phase 11 of the supergiant South Pars non-associated gas field (SP11) – last week saw a statement from the chief executive Read More

BW Offshore: Approved by ANP as operator in Brazil and transfer of the participating interest in the Maromba field

5 hours ago DieselGasoil Comments Off on BW Offshore: Approved by ANP as operator in Brazil and transfer of the participating interest in the Maromba field
Approved by ANP as operator in Brazil and transfer of the participating interest in the Maromba field With reference to the stock exchange releases dated 8 and 14 March 2019. BW Offshore (BWO) is pleased to announce that The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) has granted BW Offshore status as Read More

US unseals warrant to seize Iranian ‘Grace 1’ tanker released in Gibraltar

9 hours ago DieselGasoil Comments Off on US unseals warrant to seize Iranian ‘Grace 1’ tanker released in Gibraltar
The US has ordered the seizure of newly freed Iranian oil tanker ‘Grace 1,’ charging the ship with illegally using the US financial system to sell oil to Syria to support the IRGC after Gibraltar released the vessel. The Justice Department has unsealed a warrant ordering the seizure and forfeiture of the Iranian tanker, all Read More

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

12 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

US unseals warrant to seize Iranian Grace 1 tanker released in Gibraltar

16 hours ago DieselGasoil Comments Off on US unseals warrant to seize Iranian Grace 1 tanker released in Gibraltar
The US has ordered the seizure of newly-freed Iranian oil tanker Grace 1, charging the ship with illegally using the US financial system to sell oil to Syria to support the IRGC after Gibraltar released the vessel. The Justice Department has unsealed a warrant ordering the seizure and forfeiture of the Iranian tanker, all of Read More

Trump intervention triggered EPA’s surprise biofuel waiver decision -sources

17 hours ago DieselGasoil Comments Off on Trump intervention triggered EPA’s surprise biofuel waiver decision -sources
WASHINGTON (Reuters) – A phone call from U.S. President Donald Trump last week ended a nearly two-month-long review of the nation’s biofuels program, three sources familiar with the matter said, with the White House siding in favor of oil refiners over corn growers. FILE PHOTO: A biodiesel (gasoil) vehicle is seen at Dogpatch Biofuels filling Read More

Oil rises as Germany pledges economic stimulus, OPEC slashes output

18 hours ago DieselGasoil Comments Off on Oil rises as Germany pledges economic stimulus, OPEC slashes output
New York — Crude futures edged higher Friday as Germany’s leadership pledged to undertake economic stimulus measures and OPEC reported sharply lower crude output in July. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX September WTI settled up 40 cents at $54.87/b and ICE October Brent was 41 Read More

Dollar firms, global stocks soar on ECB rate cut expectations

18 hours ago DieselGasoil Comments Off on Dollar firms, global stocks soar on ECB rate cut expectations
NEW YORK (Reuters) – U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy. The dollar hit a two-week high against the Read More

Argentina enforces fuel price caps despite warnings of oil production slowdown

19 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