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Valero Port Arthur, Texas refinery cuts production due to storm: sources

8 hours ago DieselGasoil Comments Off on Valero Port Arthur, Texas refinery cuts production due to storm: sources
HOUSTON (Reuters) – Valero Energy Corp’s 335,000 barrel-per-day (bpd) Port Arthur, Texas, refinery cut production on Thursday because of flooding around the refinery, said sources familiar with plant operations. Trucks that haul away sulfur produced by the refinery can’t leave the plant because of flooded roadways, the sources said. U.S. regulations require the sulfur be Read More

Chevron sanctions waterflood project to boost St. Malo production

9 hours ago DieselGasoil Comments Off on Chevron sanctions waterflood project to boost St. Malo production
9/19/2019 SAN RAMON, CA- Chevron has sanctioned a waterflood project in the St. Malo field. This application of enabling technology is expected to increase recovery and advance Chevron’s strategy of maximizing the company’s existing resources in the Gulf of Mexico. Chevron St. Malo project “The St. Malo field is a world-class asset that is positioned Read More

France urges Germany to act on economy sooner rather later

10 hours ago DieselGasoil Comments Off on France urges Germany to act on economy sooner rather later
PARIS (Reuters) – Germany should act sooner rather than later to revive its flagging economy, France’s finance minister said on Thursday, as he struggled to hide frustration with the pace of Berlin’s efforts to engineer a recovery. French Finance Minister Bruno Le Maire attends a joint news conference after a meeting in Paris, France, September Read More

Oil rises amid doubts about speed of Saudi recovery from attacks

14 hours ago DieselGasoil Comments Off on Oil rises amid doubts about speed of Saudi recovery from attacks
By Grant Smith on 9/19/2019 LONDON (Bloomberg) – Oil rose amid doubts about the speed of Saudi Arabia’s recovery from the weekend’s attack on its facilities that knocked out a large chunk of its production. Futures gained 2.1% in New York after paring around half of Monday’s 15% surge over the past two days. The Read More

McDermott is said to hire restructuring firm for turnaround advice

15 hours ago DieselGasoil Comments Off on McDermott is said to hire restructuring firm for turnaround advice
By Allison McNeely and David Wethe on 9/19/2019 NEW YORK (Bloomberg) – McDermott International hired restructuring firm AlixPartners for strategic and operational advice as the company seeks to shore up its balance sheet, according to a person with knowledge of the matter. The Houston-based company’s stock plunged as much as 76% Wednesday — trading was Read More

Hiker ‘carried’ broken leg for two days before rescue

1 day ago DieselGasoil Comments Off on Hiker ‘carried’ broken leg for two days before rescue
By David Chipakupaku, news reporter A hiker says he had to “carry” his own broken leg for two days after falling six metres (20ft) down a waterfall in Australia. Neil Parker, 54, slipped and fell while walking by himself through the bush in Mount Nebo, near Brisbane, leaving him with a broken wrist and lower Read More

Fed cuts rates on 7-3 vote, gives mixed signals on next move

1 day ago DieselGasoil Comments Off on Fed cuts rates on 7-3 vote, gives mixed signals on next move
WASHINGTON (Reuters) – The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, but gave mixed signals about what may happen next. FILE PHOTO: Federal Reserve Board building on Constitution Avenue Read More

Saudi oil output unlikely to be fully restored as quickly as officials say: analysts

1 day ago DieselGasoil Comments Off on Saudi oil output unlikely to be fully restored as quickly as officials say: analysts
Highlights Saudi Arabia needs more time to repair damage Drawing down stocks will continue Domestic oil burn likely to rise after attacks London — Saudi oil output is unlikely to be fully restored in the next couple of weeks despite assurances by Saudi officials and a drawdown of oil stocks to keep exports flowing, according Read More

Apple spars with EU as $14 billion Irish tax dispute drags on

2 days ago DieselGasoil Comments Off on Apple spars with EU as $14 billion Irish tax dispute drags on
LUXEMBOURG (Reuters) – Apple accused the European Commission of misunderstanding its business on day two of the iPhone maker’s appeal against a $14 billion tax order, in a dispute that is key to the EU’s drive to collect more taxes but which could also run for years. FILE PHOTO: CEO Tim Cook speaks at an Read More

Asia LPG market eases as supply assurance limits uncertainty

2 days ago DieselGasoil Comments Off on Asia LPG market eases as supply assurance limits uncertainty
Singapore — Saudi Aramco has announced acceptances of October-loading term LPG nominations after a slight delay due to supply uncertainty following the attacks on key Saudi oil infrastructure, with no cuts heard and some cargoes being delayed or brought forward to earlier dates, traders said Wednesday. Not registered? Receive daily email alerts, subscriber notes & Read More