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Crude oil futures steady as markets await fresh cues

2 hours ago DieselGasoil Comments Off on Crude oil futures steady as markets await fresh cues
Crude oil futures were largely steady during mid-morning trade in Asia Tuesday, after the more than $1/b surge overnight, as concerns over the global economy continue to take center stage, industry sources said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Market participants were also waiting for fresh cues Read More

Analysis: US crude draw expected to resume amid stronger refinery runs, exports

8 hours ago DieselGasoil Comments Off on Analysis: US crude draw expected to resume amid stronger refinery runs, exports
Highlights Crude stocks likely dip 3.1 million barrels to 437.4 million barrels Refinery runs edge up 0.2 points to 95% of capacity New USGC crude pipeline capacity narrows distillate cracks New York — US crude oil stock stocks likely declined last week amid an uptick in export activity and strong refiner demand, an S&P Global Read More

Refinery Margin Tracker: US margins rise as crude price drop mutes bullish IMO impact

9 hours ago DieselGasoil Comments Off on Refinery Margin Tracker: US margins rise as crude price drop mutes bullish IMO impact
New York — US margins got a boost from lower crude prices, while distillate cracks stubbornly remained range-bound as the countdown to IMO 2020 marches forward, an analysis by S&P Global showed Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Falling crude prices have skewed expected impacts of Read More

Refinery news roundup: Autumn turnarounds set to start in Europe

16 hours ago DieselGasoil Comments Off on Refinery news roundup: Autumn turnarounds set to start in Europe
London — Planned refinery turnarounds in Europe have been building up, with several sites planning works in September. Meanwhile, news has focused on quarterly results. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Total said that its H1 and Q2 refinery runs were down as a result of “the Read More

Asian gasoline lends support to light ends while naphtha, LPG sag on oversupply

1 day ago DieselGasoil Comments Off on Asian gasoline lends support to light ends while naphtha, LPG sag on oversupply
Singapore — The light ends market in Asia is showing a mixed picture, with gasoline’s strength expected to continue into September on surging regional demand and refinery turnarounds, while naphtha makes a slow start to the seasonal Q4 demand peak amid volatile crude oil prices, market sources said Friday. Not registered? Receive daily email alerts, Read More

Gibraltar rejects US request to seize Iranian tanker heading for Mediterranean

2 days ago DieselGasoil Comments Off on Gibraltar rejects US request to seize Iranian tanker heading for Mediterranean
Dubai — The government of Gibraltar rejected a US request to seize an Iranian tanker that was released by the British territory after being detained for more than a month on suspicion of transporting oil to sanctions-hit Syria. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Gibraltar couldn’t get Read More

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

3 days 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

Trump intervention triggered EPA’s surprise biofuel waiver decision -sources

3 days ago DieselGasoil Comments Off on Trump intervention triggered EPA’s surprise biofuel waiver decision -sources
WASHINGTON (Reuters) – A phone call from U.S. President Donald Trump last week ended a nearly two-month-long review of the nation’s biofuels program, three sources familiar with the matter said, with the White House siding in favor of oil refiners over corn growers. FILE PHOTO: A biodiesel (gasoil) vehicle is seen at Dogpatch Biofuels filling Read More

Feature: USGC ULSD jumps as export demand to Brazil surges

3 days ago DieselGasoil Comments Off on Feature: USGC ULSD jumps as export demand to Brazil surges
Houston — Brazilian demand for US Gulf Coast diesel (gasoil) this month — spurred by a refinery outage and state-run pricing — has helped drain supplies and push spot differentials past a one-month high. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now S&P Global Platts assessed USGC ULSD Thursday Read More