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Asian shares gain on economy hopes, oil edges up on Mideast tensions

2 mins ago DieselGasoil Comments Off on Asian shares gain on economy hopes, oil edges up on Mideast tensions
TOKYO (Reuters) – Asian share prices inched higher on Friday as economic stimulus around the world eased fears of economic deceleration while crude oil prices climbed on concerns that last weekend’s attacks on Saudi Arabia’s oil facilities still pose supply risks. FILE PHOTO: Pedestrians walk pass an electronic board showing the Japan’s Nikkei average (R) Read More

After Abqaiq, analysts see higher oil price risk premium, more supply disruptions

5 hours ago DieselGasoil Comments Off on After Abqaiq, analysts see higher oil price risk premium, more supply disruptions
Highlights Saudi attacks result in $5-$10/b premium Brent price rises $4.18/b since Saturday’s attack US-Iran tensions increase likelihood of similar supply attacks Washington — The unprecedented attacks on Saudi oil facilities over the weekend are widely viewed by analysts as the most significant supply disruption the oil market has ever seen, increasing the geopolitical risk Read More

Refined products rally as storm disrupts USGC refinery operations

5 hours ago DieselGasoil Comments Off on Refined products rally as storm disrupts USGC refinery operations
New York — NYMEX refined products futures jumped Thursday as Tropical Depression Imelda disrupted refinery operations in Texas. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Front-month RBOB settled 4.30 cents higher at $1.7007/gal, while front-month ULSD settled 3.16 cents higher at $2.0049/gal. The rally caused crack spreads to Read More

US oil and gas rig count posts first weekly gain in nearly two months, up 5 to 954: Enverus

5 hours ago DieselGasoil Comments Off on US oil and gas rig count posts first weekly gain in nearly two months, up 5 to 954: Enverus
Houston — Rig increase may be simply ‘noise’: analyst Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now US rig count now down over 275 in 10 months Oil-driven rigs rise by 8; gas rigs down 3 The US oil and gas rig count posted its first weekly gain in Read More

Tech investors: No broad lessons seen in WeWork valuation drama

5 hours ago DieselGasoil Comments Off on Tech investors: No broad lessons seen in WeWork valuation drama
NEW YORK (Reuters) – Two top technology investors cautioned against drawing broadconclusions about the valuation of private companies from questions swirling around U.S. office-sharing startup WeWork. FILE PHOTO: The WeWork logo is displayed on the entrance of a co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid/File Photo Scott Kupor, Read More

Shares rise after Fed rate cut, oil prices gain

6 hours ago DieselGasoil Comments Off on Shares rise after Fed rate cut, oil prices gain
NEW YORK (Reuters) – A gauge of global equity performance rose within 1% of a record high on Thursday, a day after the Federal Reserve cut interest rates, but crude oil prices climbed higher on concerns last weekend’s attacks on Saudi Arabia’s oil facilities pose supply risks. Iran warned U.S. President Donald Trump against being Read More

Rosehill Resources Inc. Provides Operational Update

15 hours ago DieselGasoil Comments Off on Rosehill Resources Inc. Provides Operational Update
HOUSTON, Sept. 19, 2019 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ: ROSE, ROSEW, ROSEU) today provided an operational update for recent activity as well as expected production for the quarter ending September 30, 2019. Highlights Placed onto production nine wells in the Northern Delaware area and four wells in the Southern Read More

Ryanair AGM narrowly approves bonus plan for CEO O’Leary

17 hours ago DieselGasoil Comments Off on Ryanair AGM narrowly approves bonus plan for CEO O’Leary
FILE PHOTO: Ryanair CEO Michael O’Leary holds a news conference in Machelen near Brussels, Belgium October 9, 2018. REUTERS/Francois Lenoir DUBLIN (Reuters) – Ryanair (RYA.I) shareholders narrowly approved a bonus scheme for Chief Executive Michael O’Leary on Thursday that could earn him around 100 million euros ($111 million) over five years. The bonus scheme, which Read More

Crude oil futures steady amid US stockbuild, geopolitical risks

22 hours ago DieselGasoil Comments Off on Crude oil futures steady amid US stockbuild, geopolitical risks
Singapore — Crude oil futures were largely steady during mid-morning trade in Asia Thursday amid a combination of bullish and bearish factors emerging from a build in US crude stocks and ongoing supply and geopolitical risks in the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At Read More

U.S. bankers seize on repo-market stress to push for softer liquidity rules

1 day ago DieselGasoil Comments Off on U.S. bankers seize on repo-market stress to push for softer liquidity rules
WASHINGTON (Reuters) – Big U.S. banks are using the recent chaos in short-term funding markets as an opportunity to pressure the Federal Reserve to ease liquidity requirements they have long despised. JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Read More