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Oil rises as Saudi drone attack stokes export concerns

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By Saket Sundria and Grant Smith on 8/19/2019 SINGAPORE (Bloomberg) – Oil rose for a second day as a drone attack on a Saudi Arabian oil field revived concerns that the tense Middle East political situation may jeopardize crude exports. Futures in New York advanced as much as 1.7% to trade above $55/bbl. Yemeni rebels Read More

Amazon.com defeats IRS appeal in U.S. tax dispute

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(Reuters) – Amazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary. FILE PHOTO: An Amazon package is seen after being delivered in London, Britain February 29, 2016. REUTERS/Toby Melville/Files In Read More

Refinery news roundup: Africa launches come into focus

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London — News has emerged about new launches in Africa. Separately, Engen’s refinery in Durban is facing “some challenges” in production and hence will not be able offer bunker fuel in the spot market until the end of September, sources said. The refinery was “highly unlikely” to resume offering until the end of September, which Read More

Scout24 to explore sale or spin-off of autos platform

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MUNICH (Reuters) – German classifieds group Scout24 (G24n.DE) said on Tuesday it would explore a sale or spin-off of its autos platform and borrow more to buy back shares, after facing calls from activist investor Elliott to boost shareholder returns. FILE PHOTO: The headquarters of Scout24, an operator of digital marketplaces for real estate and Read More

Pengrowth Second Quarter 2019 Adjusted Funds Flow Increased 188% Year-over-year to $29 Million

2 weeks ago DieselGasoil Comments Off on Pengrowth Second Quarter 2019 Adjusted Funds Flow Increased 188% Year-over-year to $29 Million
CALGARY, Alberta, Aug. 08, 2019 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (“Pengrowth” or the “Company“) (TSX:PGF, OTCQX:PGHEF), today reported its results for the three and six months ended June 30, 2019. The Company also announced that GLJ Petroleum Consultants Ltd. (“GLJ“) has provided an updated report (Dated: August 7, 2019) of Pengrowth’s bitumen reserves estimate Read More

Cobalt, Africa setbacks shrink Glencore’s first-half profit

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LONDON (Reuters) – Glencore (GLEN.L) reported a 32% drop in first-half core profit on Wednesday, sending its shares to their lowest since late 2016, and said it would suspend output at the world’s biggest cobalt mine because of a steep fall in prices. FILE PHOTO: The logo of commodities trader Glencore is pictured in front Read More

Glencore first-half profit misses estimates on slump in cobalt prices

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FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann/File Photo (Reuters) – Glencore Plc (GLEN.L) posted an almost one-third fall in first-half core profit on Wednesday, missing market expectations, as it was hit by a collapse in global cobalt prices Read More

Valero Port Arthur, Texas, refinery shuts HCU, SRU for overhaul: sources

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The logo for Valero Energy Corporation is shown at a Valero gas station in Encinitas, California, U.S., May 2, 2016. REUTERS/Mike Blake HOUSTON (Reuters) – Valero Energy Corp shut a hydrocracking unit (HCU) and sulfur recovery unit (SRU) at its 335,000-barrel-per-day (bpd) Port Arthur, Texas, refinery on Monday, said sources familiar with plant operations. The Read More

Fiat Chrysler CEO: We’ll talk alliances, but we can go it alone

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DETROIT (Reuters) – Fiat Chrysler Automobiles (FCAU.N) Chief Executive has a message for Renault SA and other would-be partners: We are happy to talk, but we can go it alone. FILE PHOTO: CEO of Fiat Chrysler Automobiles (FCA) Mike Manley attends the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Rebecca Read More