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U.S. manufacturing production increases; headwinds growing

4 hours ago DieselGasoil Comments Off on U.S. manufacturing production increases; headwinds growing
WASHINGTON (Reuters) – U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying strength in factory activity despite growing headwinds that are expected to slow the sector in 2019. FILE PHOTO – Assembly workers work on the underside of 2015 Ford Mustang Read More

Analyis: Crude stocks soar amid record production, nearly flat refinery runs

1 day ago DieselGasoil Comments Off on Analyis: Crude stocks soar amid record production, nearly flat refinery runs
Highlights Crude stocks add 10.27 million barrels Refinery runs edge up to 90.1% of capacity Refined product demand rockets to multi-decade high New York — US crude supply increased to a 48-week high last week on the back of record-high production and languishing Refinery runs, Energy Information Administration data showed Thursday. Not registered? Receive daily Read More

Oil rebounds from steep selloff as OPEC, partners discuss supply cut

2 days ago DieselGasoil Comments Off on Oil rebounds from steep selloff as OPEC, partners discuss supply cut
NEW YORK (Reuters) – Oil rose nearly 2 percent on Wednesday, recouping some of the previous session’s heavy selloff, on growing prospects that the Organization of the Petroleum Exporting Countries and allied producers would cut output at a meeting next month to prop up prices. FILE PHOTO: Oil pours out of a spout from Edwin Read More

U.S. farmers scramble to contain trade-war damage, find new markets

2 days ago DieselGasoil Comments Off on U.S. farmers scramble to contain trade-war damage, find new markets
ADDIEVILLE, Ill.(Reuters) – Clouds crowded the Illinois sky as Nick Harre walked away from his combine at the peak of harvest to join four fellow farmers in greeting some unlikely visitors. Members of Illinois Soybean Growers Association and a trade group of grain buyers from Sri Lanka inspect soybeans of Pioneer-DuPont Seed facility in Addieville, Read More

Oil rises as OPEC, partners discuss supply cut

2 days ago DieselGasoil Comments Off on Oil rises as OPEC, partners discuss supply cut
LONDON (Reuters) – Oil rose on Wednesday, recouping some of the previous session’s slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry Read More

Oil jumps toward $67 as OPEC, partners discuss supply cut

2 days ago DieselGasoil Comments Off on Oil jumps toward $67 as OPEC, partners discuss supply cut
LONDON (Reuters) – Oil rose toward $67 a barrel on Wednesday, recouping some of the previous session’s slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched Read More

Oil struggles to find footing after 7 percent slide as outlook darkens

3 days ago DieselGasoil Comments Off on Oil struggles to find footing after 7 percent slide as outlook darkens
SINGAPORE (Reuters) – Oil struggled to find its footing on Wednesday after plunging 7 percent the previous session, with surging supply and the specter of faltering demand scaring off investors. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Drake Well Museum Read More

Oil extends 7 percent slide as outlook darkens

3 days ago DieselGasoil Comments Off on Oil extends 7 percent slide as outlook darkens
SINGAPORE (Reuters) – Oil markets fell again on Wednesday, extending losses from a 7 percent plunge the previous session as surging supply and the specter of faltering demand scared off investors. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Drake Well Read More

Oil extends slide from 7 percent slump the day before as outlook darkens

3 days ago DieselGasoil Comments Off on Oil extends slide from 7 percent slump the day before as outlook darkens
SINGAPORE (Reuters) – Oil markets slipped again on Wednesday, extending losses from a 7 percent plunge the previous session as surging supply and the specter of faltering demand scared off investors. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Drake Well Read More

Oil struggles to find footing after 7 percent slump, sentiment stays weak

3 days ago DieselGasoil Comments Off on Oil struggles to find footing after 7 percent slump, sentiment stays weak
SINGAPORE (Reuters) – Oil markets struggled to find their footing on Wednesday after plunging by 7 percent the previous session, with surging supply and the specter of faltering demand keeping investors on edge. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Read More