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analysis: Ample US-Asia crude flows unlikely to dent Russian ESPO crude premium

8 mins ago DieselGasoil Comments Off on analysis: Ample US-Asia crude flows unlikely to dent Russian ESPO crude premium
Singapore — A flurry of light sweet US crude cargoes flooding the Asian market may continue to intimidate Far East Russian crude suppliers in the third quarter, but ESPO Blend will likely sustain healthy spot premiums as the medium sweet Russian grade remains a firm favorite for Chinese independent refiners. Not registered? Receive daily email Read More

Trump administration split on renewing Chevron’s Venezuela license

3 hours ago DieselGasoil Comments Off on Trump administration split on renewing Chevron’s Venezuela license
WASHINGTON (Reuters) – The Trump administration is split over whether to renew a license this week for energy company Chevron Corp’s operations in Venezuela, with Secretary of State Mike Pompeo supporting a renewal and others opposing it, three sources with knowledge of the matter said on Tuesday. FILE PHOTO: The logo of Chevron is seen Read More

Oil rises near $64/bbl on second downed Iranian drone

7 hours ago DieselGasoil Comments Off on Oil rises near $64/bbl on second downed Iranian drone
HOUSTON (Reuters) – Oil rose to almost $64 on Tuesday, jumping late in the session after the head of U.S. Central Command said the United States may have taken down a second Iranian drone over the Strait of Hormuz last week. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field Read More

Oil slips, Brent around $63/bbl as Iran concerns fade

12 hours ago DieselGasoil Comments Off on Oil slips, Brent around $63/bbl as Iran concerns fade
HOUSTON (Reuters) – Oil edged down, with Brent at around $63 a barrel on Tuesday under pressure from weaker global demand forecasts and the full restart of Libya’s largest oil field despite continuing supply worries stemming from Iran’s capture of a British oil tanker. FILE PHOTO: Pumpjacks are seen against the setting sun at the Read More

Oil slips to around $63 as Iran concerns fade for now

15 hours ago DieselGasoil Comments Off on Oil slips to around $63 as Iran concerns fade for now
LONDON (Reuters) – Oil slipped to around $63 a barrel on Tuesday as concerns faded for now that rising tensions in the Middle East would escalate and hit oil supplies, compounding the impact of a weaker demand outlook. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, Read More

Oil slips to around $63 as Iran concerns fades for now

17 hours ago DieselGasoil Comments Off on Oil slips to around $63 as Iran concerns fades for now
LONDON (Reuters) – Oil slipped to around $63 a barrel on Tuesday as concerns faded for now that rising tensions in the Middle East would escalate and hit oil supplies, compounding the impact of a weaker demand outlook. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, Read More

Oil creeps up as MidEast tensions flare, but gains capped by glum demand outlook

22 hours ago DieselGasoil Comments Off on Oil creeps up as MidEast tensions flare, but gains capped by glum demand outlook
SINGAPORE (Reuters) – Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to take swift action to keep global oil markets adequately supplied. FILE PHOTO: Pumpjacks Read More

Oil inches up amid Middle East tensions; frail demand outlook caps gains

1 day ago DieselGasoil Comments Off on Oil inches up amid Middle East tensions; frail demand outlook caps gains
SINGAPORE (Reuters) – Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to take swift action to keep global oil markets adequately supplied. FILE PHOTO: Pumpjacks Read More

Oil prices ease as traders weigh Middle East tensions, demand

1 day ago DieselGasoil Comments Off on Oil prices ease as traders weigh Middle East tensions, demand
SINGAPORE (Reuters) – Oil prices inched lower on Tuesday as the International Energy Agency (IEA) said it would act quickly if needed to keep the market supplied amid tensions in the Middle East and traders eyed a weaker demand outlook. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Read More

Hurricane Barry’s impact still being felt in USGC crude market: Platts data

1 day ago DieselGasoil Comments Off on Hurricane Barry’s impact still being felt in USGC crude market: Platts data
Houston — The differential for Mars crude on the US Gulf Coast reached its strongest value Monday since March 14, as lost production due to Hurricane Barry, which caused many US Gulf of Mexico producers to shut-in output, created a tight prompt market for regional grades. Not registered? Receive daily email alerts, subscriber notes & Read More