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

4 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

4 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

4 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

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

Saudis have not asked for crude after attacks: Iraqi oil minister

8 hours ago DieselGasoil Comments Off on Saudis have not asked for crude after attacks: Iraqi oil minister
Dubai — Saudi Arabia has not asked Iraq for crude supplies, Iraqi oil minister Thamir al-Ghadhban said Thursday, denying reports that his country had fielded a request from its neighbor to compensate for a shortfall caused by the weekend’s attacks on two key facilities. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Military strike against Iran would result in ‘all-out war’: Zarif

9 hours ago DieselGasoil Comments Off on Military strike against Iran would result in ‘all-out war’: Zarif
DUBAI (Reuters) – Any U.S. or Saudi military strike against Iran would bring “all-out war”, Tehran said on Thursday, keeping up a drumbeat of warnings to its adversaries after they accused the Islamic Republic of a strike on Saudi oil facilities. FILE PHOTO: Iranian Foreign Minister Javad Zarif attends a news conference in Moscow, Russia, Read More

Filling Aramco’s crude orders will get tricky if repair timetable slips

10 hours ago DieselGasoil Comments Off on Filling Aramco’s crude orders will get tricky if repair timetable slips
By Verity Ratcliffe on 9/19/2019 DUBAI (Bloomberg) – Saudi Arabia’s pledge to fulfill all commitments to oil buyers after a strike on the giant processing plant at Abqaiq means the world’s largest crude exporter must continue to draw heavily on its inventories until production capacity returns. State oil company Saudi Aramco has more than enough Read More

Saudi air defenses like Patriot & Aegis don’t match their advertised properties, unfit for real combat – Russian Army

11 hours ago DieselGasoil Comments Off on Saudi air defenses like Patriot & Aegis don’t match their advertised properties, unfit for real combat – Russian Army
Multiple Patriot launchers, Aegis destroyers and radars are guarding Saudi skies, but they failed to stop a massive strike on an oilfield because their actual properties aren’t what the US advertises, a Russian Army source says. Benefiting from the US arms deliveries, Saudi Arabia managed to build up “the most powerful air defense system in Read More

Iraq will not join anti-Iran maritime mission, rejects Israel’s involvement

12 hours ago DieselGasoil Comments Off on Iraq will not join anti-Iran maritime mission, rejects Israel’s involvement
As Saudi Arabia and the United States build support for an international maritime security mission in the Persian Gulf, Iraq has ruled out participating. In a statement via the state-run Iraqi News Agency on Thursday, the country’s Ministry of Foreign Affairs said that Iraq will not join any force patrolling the Gulf’s waterways, particularly any Read More

Shares inch higher after Fed cut; BOJ, SNB, BoE keep powder dry

13 hours ago DieselGasoil Comments Off on Shares inch higher after Fed cut; BOJ, SNB, BoE keep powder dry
LONDON (Reuters) – World share markets and bond yields nudged modestly higher on Thursday as the U.S. Federal Reserve’s second interest rate cut of the year and promises of support from other top central banks kept global recession jitters at bay. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of Read More