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Analysis: National oil producers raise trading game in battle for oil trade flows

35 mins ago DieselGasoil Comments Off on Analysis: National oil producers raise trading game in battle for oil trade flows
Highlights Aramco hires traders for new London desk NOC push heaps new pressure on Vitol, others Peak oil demand seen fueling trading expansion With Saudi Aramco preparing to open a new trading office in London, rival state-run producers are watching closely as the oil giant leads the charge by resource-rich national oil companies to compete Read More

New EPA ruling expands sale of 15% ethanol blended motor gasoline

2 hours ago DieselGasoil Comments Off on New EPA ruling expands sale of 15% ethanol blended motor gasoline
July 16, 2019 Source: U.S. Energy Information Administration, based on data from Growth Energy On May 31, 2019, the U.S. Environmental Protection Agency (EPA) issued a final rule allowing the year-round sale of motor gasoline blends containing up to 15% fuel ethanol, or E15. The ruling increases the availability of E15 blends in the United Read More

Oil firms as U.S. supply concerns ease but Iran tension lingers

4 hours ago DieselGasoil Comments Off on Oil firms as U.S. supply concerns ease but Iran tension lingers
LONDON (Reuters) – Oil prices rose on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Read More

Oil steadies as U.S. supply concerns ease, Iran tension unresolved

5 hours ago DieselGasoil Comments Off on Oil steadies as U.S. supply concerns ease, Iran tension unresolved
LONDON (Reuters) – Oil prices steadied on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Read More

South Korea bourse fines BofA Merrill Lynch over irregular trading

6 hours ago DieselGasoil Comments Off on South Korea bourse fines BofA Merrill Lynch over irregular trading
FILE PHOTO: A journalist walks past an electronic board of the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange (KRX) in Seoul, South Korea, January 20, 2016 REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – The Korea Exchange (KRX) said on Tuesday it has imposed a 175 million won ($148,655) fine on Bank of America Read More

Asian shares creep higher as wary investors await U.S. data, earnings

7 hours ago DieselGasoil Comments Off on Asian shares creep higher as wary investors await U.S. data, earnings
SHANGHAI (Reuters) – Most Asian stock markets rose on Tuesday, but gains were limited as investors awaited U.S. retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely U.S. rate cut later this month. FILE PHOTO: The German share price index DAX graph is pictured at Read More

Analysis: Singapore 95/92 RON gasoline spread at 14-month high on octane booster demand

8 hours ago DieselGasoil Comments Off on Analysis: Singapore 95/92 RON gasoline spread at 14-month high on octane booster demand
The FOB Singapore 95/92 RON gasoline spread rebounded Monday from multi-year lows seen in June to a 14-month high, fueled by a surge in octane boosters demand, industry sources told S&P Global Platts. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The 95/92 RON gasoline spread — the difference Read More

Garden tools maker Husqvarna second-quarter profit just lags expectations

8 hours ago DieselGasoil Comments Off on Garden tools maker Husqvarna second-quarter profit just lags expectations
FILE PHOTO: A sign alerts visitors about a presence of Husqvarna robotic lawn mower at work in the Humlegarden park in Stockholm, Sweden June 25, 2018. REUTERS/Anna Ringstrom/File Photo STOCKHOLM (Reuters) – Sweden’s Husqvarna (HUSQb.ST) reported on Tuesday a slightly smaller increase than expected in second-quarter operating profit as savings and price hikes helped offset Read More

Equinor ASA: Notifiable trading

8 hours ago DieselGasoil Comments Off on Equinor ASA: Notifiable trading
On behalf of Equinor (OSE: EQNR, NYSE: EQNR), DNB has on the 15th of July 2019 purchased 592,725 shares for use in the group’s Share saving plan. The shares have been acquired at a price of NOK 171.10 per share. Before distribution to the employees, the Share saving plan has 8,893,145 shares. This information is subject Read More

Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup

9 hours ago DieselGasoil Comments Off on Tesla drops cheapest Model X, S variants, cuts prices to simplify lineup
BEIJING (Reuters) – Tesla Inc (TSLA.O) has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, in a sales push that comes days after the U.S. electric vehicle maker reported record deliveries. FILE PHOTO: A logo of Tesla Motors on an electric car Read More