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

4 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

EQM stops some work on WV-VA Mountain Valley natgas pipe

8 hours ago DieselGasoil Comments Off on EQM stops some work on WV-VA Mountain Valley natgas pipe
(Reuters) – EQM Midstream Partners LP (EQM.N) told U.S. federal regulators the company would stop some work on its long-delayed Mountain Valley natural gas pipeline from West Virginia to Virginia as the U.S. Fish and Wildlife Service reviews a couple of permits. Despite the delay, analysts on Friday said they expect Mountain Valley will enter Read More

Lower rates could boost housing stocks, but risks remain

8 hours ago DieselGasoil Comments Off on Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook. After underperforming in 2018, the PHLX Housing Index .HGX is up about 30% Read More

Wall Street ends sharply higher on German stimulus optimism

10 hours ago DieselGasoil Comments Off on Wall Street ends sharply higher on German stimulus optimism
NEW YORK (Reuters) – U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, Read More

Argentina enforces fuel price caps despite warnings of oil production slowdown

11 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

Exclusive: Fed’s Mester weighing argument for U.S. rate cut

12 hours ago DieselGasoil Comments Off on Exclusive: Fed’s Mester weighing argument for U.S. rate cut
CLEVELAND (Reuters) – One Federal Reserve policymaker who opposed the Fed’s recent rate cut is considering whether to support such a move now given risks that a U.S.-China trade war and global slowdown could derail the economy. FILE PHOTO: Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health Read More

Wall Street jumps on German stimulus hopes

13 hours ago DieselGasoil Comments Off on Wall Street jumps on German stimulus hopes
NEW YORK (Reuters) – Technology shares led Wall Street’s advance on Friday as a waning bond rally and news of potential German economic stimulus brought buyers back to the market at the close of a turbulent week. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain

14 hours ago DieselGasoil Comments Off on Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

‘Proof he has gone mad’ – Trump ridiculed over plan to buy Greenland

14 hours ago DieselGasoil Comments Off on ‘Proof he has gone mad’ – Trump ridiculed over plan to buy Greenland
By Rachael Kennedy, news reporter Donald Trump has reportedly expressed an interest in buying the island of Greenland – sparking a bemused reaction from Danish MPs. The US president is said to have discussed a potential purchase of the autonomous Danish territory during a private meeting with aides and advisers. But there appears to be Read More

Frac companies get fresh hope UK government will loosen rules

15 hours ago DieselGasoil Comments Off on Frac companies get fresh hope UK government will loosen rules
By Timothy Abington and Jeremy Hodges on 8/16/2019 LONDON (Bloomberg) – A change of British government has given the much-maligned fracing industry another opportunity to make out its case for stimulating the controversial technique to tap unconventional natural gas reserves. Prime Minister Boris Johnson and his new business minister, Andrea Leadsom, have come out in Read More