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

6 hours 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 says he is having dinner Friday with Apple CEO Cook

8 hours ago DieselGasoil Comments Off on Trump says he is having dinner Friday with Apple CEO Cook
BEDMINSTER, N.J. (Reuters) – U.S. President Donald Trump said he was having dinner on Friday with Chief Executive Officer Tim Cook of Apple Inc, a company the president has criticized for not manufacturing more of its products in the United States. FILE PHOTO: Apple CEO Tim Cook laughs with U.S. President Donald Trump as the Read More

‘Proof he has gone mad’ – Trump ridiculed over plan to buy Greenland

16 hours ago DieselGasoil Comments Off on ‘Proof he has gone mad’ – Trump ridiculed over plan to buy Greenland
By Rachael Kennedy, news reporter Donald Trump has reportedly expressed an interest in buying the island of Greenland – sparking a bemused reaction from Danish MPs. The US president is said to have discussed a potential purchase of the autonomous Danish territory during a private meeting with aides and advisers. But there appears to be Read More

‘Final proof he has gone mad’ – Trump ridiculed over plan to buy Greenland

19 hours ago DieselGasoil Comments Off on ‘Final proof he has gone mad’ – Trump ridiculed over plan to buy Greenland
By Rachael Kennedy, news reporter Donald Trump has reportedly expressed an interest in buying the island of Greenland – sparking a bemused reaction from Danish MPs. The US president is said to have discussed a potential purchase of the autonomous Danish territory during a private meeting with aides and advisers. But there appears to be Read More

Refinery news roundup: Minor works at Russian refineries, Antipinsky back

21 hours ago DieselGasoil Comments Off on Refinery news roundup: Minor works at Russian refineries, Antipinsky back
London — Only minor works were heard at Russian refineries before the start of the autumn refinery turnaround season in October. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Meanwhile, the Antipinsky refinery resumed operations on July 18, Sberbank said in a statement. Socar Energoresurs, a joint venture between Read More

Refinery news roundup: Africa launches come into focus

21 hours ago DieselGasoil Comments Off on Refinery news roundup: Africa launches come into focus
London — News has emerged about new launches in Africa. Separately, Engen’s refinery in Durban is facing “some challenges” in production and hence will not be able offer bunker fuel in the spot market until the end of September, sources said. The refinery was “highly unlikely” to resume offering until the end of September, which Read More

Oil heads for weekly gain as trade war headlines whipsaw market

22 hours ago DieselGasoil Comments Off on Oil heads for weekly gain as trade war headlines whipsaw market
By Sharon Cho and Grant Smith on 8/16/2019 SINGAPORE (Bloomberg) – Oil headed for a weekly increase as hopes that the U.S. and China could resume negotiations to resolve their trade dispute capped a week of volatile trading. Futures added as much as 1.7% on Friday in New York, bringing their gain for the week Read More

Invesco thrives in China as former executive Ross leads Trump’s trade war

24 hours ago DieselGasoil Comments Off on Invesco thrives in China as former executive Ross leads Trump’s trade war
BOSTON (Reuters) – The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars’ worth of punishing tariffs in America’s deepening trade war. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross speaks during a 17th Latin American Leadership Forum in Brasilia, Brazil August 1, 2019. Read More

Trump says China talks ‘productive’; Beijing vows tariff retaliation

1 day ago DieselGasoil Comments Off on Trump says China talks ‘productive’; Beijing vows tariff retaliation
MORRISTOWN, N.J. (Reuters) – U.S. President Donald Trump said on Thursday that U.S. and Chinese negotiators were holding “productive” trade talks and expected them to meet in September despite U.S. tariffs on over $125 billion worth of Chinese imports taking effect Sept 1. Containers are seen at Yantian port in Shenzhen, Guangdong province, China July Read More

Trump says trade war with China will be fairly short

1 day ago DieselGasoil Comments Off on Trump says trade war with China will be fairly short
U.S. President Donald Trump speaks to reporters before boarding Air Force One at Morristown Municipal Airport in Morristown, New Jersey U.S. August 15, 2019. REUTERS/Jonathan Ernst MORRISTOWN, N.J. (Reuters) – U.S. President Donald Trump said on Thursday he believes China wants to make a trade deal and the trade war with Beijing will be fairly Read More