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Iran confirms it seized fuel tanker in the Persian Gulf

9 hours ago DieselGasoil Comments Off on Iran confirms it seized fuel tanker in the Persian Gulf
By Alex Longley on 7/18/2019 LONDON (Bloomberg) –Oil extended gains after Iran confirmed it had seized a foreign oil tanker in the Persian Gulf earlier this week. Brent crude gained as much as 1.3%, reversing some of the heavy losses the global benchmark suffered in the previous two sessions. Iran’s Revolutionary Guards said it captured Read More

EU clears Vodafone’s $22 billion Liberty deal

10 hours ago DieselGasoil Comments Off on EU clears Vodafone’s $22 billion Liberty deal
BRUSSELS/LONDON (Reuters) – Brussels gave its blessing to Vodafone’s (VOD.L) $22 billion purchase of Liberty Global’s (LBTYA.O) cable networks in Germany and central Europe, clearing the way for the British company to become Europe’s largest mobile, broadband and TV provider. FILE PHOTO: Coaxial TV Cables are seen in front of Vodafone and Liberty Global logos Read More

Uptick in demand lifts Dubai sour crude premiums

18 hours ago DieselGasoil Comments Off on Uptick in demand lifts Dubai sour crude premiums
Singapore — Benchmark Dubai crude spreads strengthened in mid-morning trading in Asia Thursday, backed by demand uptick for Middle East crudes from North Asian refineries in the wake of healthy margins, traders said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Indicating strength for the medium sour complex, Dubai’s Read More

Trade concerns dent stocks; U.S. Treasury yields fall

1 day ago DieselGasoil Comments Off on Trade concerns dent stocks; U.S. Treasury yields fall
NEW YORK (Reuters) – A gauge of global stocks declined for a second straight session and U.S. Treasury yields fell as trade concerns again began to bubble and U.S. earnings season picked up steam. On Wall Street, CSX Corp was one of the biggest drags on the S&P 500. The railroad tumbled 10.44% after it Read More

Trade war, Brexit stoke debt and dollar, hit stocks and sterling

1 day ago DieselGasoil Comments Off on Trade war, Brexit stoke debt and dollar, hit stocks and sterling
LONDON (Reuters) – Resurgent trade tensions, concern over the outlook for corporate America and the growing risk of a chaotic Brexit in the United Kingdom curtailed appetite for equities on Wednesday and stoked demand for “safe” government bonds. U.S. President Donald Trump renewed his threat to tax another $325 billion of Chinese goods, amid nervousness Read More

Crude oil futures recover from overnight fall, eyes US stock data

2 days ago DieselGasoil Comments Off on Crude oil futures recover from overnight fall, eyes US stock data
Singapore — Crude oil futures were higher during mid-morning trade in Asia Wednesday, recovering from their overnight slump as markets now looked ahead for US inventory data to provide direction. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:20 am Singapore time (0220 GMT), front-month ICE Brent September Read More

EU to cut flow of funds to Turkey as drilling spat heats up

4 days ago DieselGasoil Comments Off on EU to cut flow of funds to Turkey as drilling spat heats up
By Nikos Chrysoloras on 7/14/2019 BRUSSELS (Bloomberg) — The European Union is poised to freeze most high-level contacts with Turkey and cut the flow of funds to the country, while holding back for now on sanctions that could target Turkish companies involved in offshore drilling in the eastern Mediterranean. EU diplomats have agreed on the Read More

Shares flat as investors parse economic data, dollar dips for third day

7 days ago DieselGasoil Comments Off on Shares flat as investors parse economic data, dollar dips for third day
LONDON (Reuters) – World shares came within a whisker of posting their first weekly loss since May on Friday and the dollar was down for a third day running, as even a stronger-than-expected U.S. inflation print failed to shake bets on Federal Reserve interest rate cuts. FILE PHOTO: People walk through the lobby of the Read More

Asian shares veer between gains and losses before key China data

7 days ago DieselGasoil Comments Off on Asian shares veer between gains and losses before key China data
SHANGHAI (Reuters) – Asian shares shuttled between small losses and gains on Friday as investors awaited China trade, lending and growth data, and as worries over Sino-U.S. trade tensions deflated optimism rooted in expectations of a Federal Reserve rate cut this month. FILE PHOTO: Passerbys walk past an electric screen showing Asian markets indices outside Read More

Asian shares dart between gains and losses before key China data

7 days ago DieselGasoil Comments Off on Asian shares dart between gains and losses before key China data
SHANGHAI (Reuters) – Asian shares veered between small losses and gains on Friday as investors awaited key China trade and lending data, and as worries over Sino-U.S. trade tensions countered optimism rooted in expectations of a Federal Reserve rate cut this month. FILE PHOTO: Passerbys walk past an electric screen showing Asian markets indices outside Read More