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Canadian crude rallies as U.S. demand and rail shipments rise

7 hours ago DieselGasoil Comments Off on Canadian crude rallies as U.S. demand and rail shipments rise
By Robert Tuttle on 11/16/2018 CALGARY (Bloomberg) — Canadian heavy crude prices rallied Friday as U.S. Refinery demand rises and increased volumes are shipped by rail car. Heavy Western Canadian Select’s discount to West Texas Intermediate futures narrowed to $39.25/bbl, the smallest since late September, data compiled by Bloomberg show. The absolute price increased to Read More

Toll of dead, missing rises in wildfire-ravaged California town

15 hours ago DieselGasoil Comments Off on Toll of dead, missing rises in wildfire-ravaged California town
PARADISE, Calif. (Reuters) – Family members and survivors of the deadliest wildfire in California history sought news on Friday on the 630 people missing a week after the fast-moving blaze reduced much of the town of Paradise to ash and charred rubble. With nearly 12,000 homes and buildings burned, fire refugees have taken up residence Read More

U.S. manufacturing production rises steadily in October

16 hours ago DieselGasoil Comments Off on U.S. manufacturing production rises steadily in October
WASHINGTON (Reuters) – U.S. manufacturing output increased for a fifth straight month in October, shrugging off a sharp decline in motor vehicle production and suggesting underlying strength in factory activity despite signs of a slowdown in the sector. FILE PHOTO – Assembly workers work on the underside of 2015 Ford Mustang vehicles on the production Read More

Oil rises, paring sixth weekly loss on expectation of OPEC cuts

16 hours ago DieselGasoil Comments Off on Oil rises, paring sixth weekly loss on expectation of OPEC cuts
By Tsuyoshi Inajima and Grant Smith on 11/16/2018 TOKYO and LONDON (Bloomberg) — Oil rose, paring a sixth weekly loss, amid growing confidence that OPEC and its partners will reduce production to avert a glut next year.  Futures in New York rose 1.8% Friday, trimming the weekly drop to 4.6%. With OPEC seeing waning demand Read More

Take Five: Black Friday shoppers to Brexit wreckage, world markets themes for the week ahead

17 hours ago DieselGasoil Comments Off on Take Five: Black Friday shoppers to Brexit wreckage, world markets themes for the week ahead
(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. A man walks past television screens during the shopping season, ‘El Buen Fin’ (The Good Weekend), at a Sam’s Club store, in the early hours of Friday, in Mexico Read More

Number of missing in California wildfires rises to 631

22 hours ago DieselGasoil Comments Off on Number of missing in California wildfires rises to 631
The number of people reported missing in California’s deadly wildfires has jumped to 631, as 65 victims are confirmed dead. The revised official list of the 631 individuals whose whereabouts and fate remain unknown is more than double the 297 recorded earlier in the day by the Butte County Sheriff’s Office. “I want you to Read More

Oil rises on expected OPEC cuts, though surging U.S. supply still weighs

23 hours ago DieselGasoil Comments Off on Oil rises on expected OPEC cuts, though surging U.S. supply still weighs
SINGAPORE (Reuters) – Oil prices rose on Friday amid expectations of supply cuts from OPEC, although record U.S. production dragged. FILE PHOTO: A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016. REUTERS/Sergei Karpukhin Brent crude oil Read More

Oil rises on expected OPEC cuts, but surging U.S. supply drags

1 day ago DieselGasoil Comments Off on Oil rises on expected OPEC cuts, but surging U.S. supply drags
SINGAPORE (Reuters) – Oil prices rose on Friday amid expectations of supply cuts from OPEC, although record U.S. production dragged. FILE PHOTO: A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016. REUTERS/Sergei Karpukhin U.S. West Texas Read More

Number of missing in California wildfires rises to 630

1 day ago DieselGasoil Comments Off on Number of missing in California wildfires rises to 630
The number of people reported missing in California’s deadly wildfires has jumped to 630, as 65 victims are confirmed dead. The revised official list of the 630 people whose whereabouts and fate remain unknown is more than double the 297 recorded earlier in the day by the Butte County Sheriff’s Office. “I want you to Read More