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Billionaire seeks to replace 40% of Occidental’s board of directors

3 days ago DieselGasoil Comments Off on Billionaire seeks to replace 40% of Occidental’s board of directors

7/19/2019 HOUSTON – Carl Icahn formally asked Occidental Petroleum Corp. investors to help him replace four of the company’s 10 directors and potentially push for a sale. Icahn and Occidental Chief Executive Officer Vicki Hollub spoke three times in the last six weeks both by phone and in person to discuss his ideas about corporate Read More

Analysis: Indonesia’s gasoline output ambition set to drive Australian condensate price recovery

3 days ago DieselGasoil Comments Off on Analysis: Indonesia’s gasoline output ambition set to drive Australian condensate price recovery

Singapore — Indonesia’s latest push to improve its self-sufficiency in auto fuels could help propel a recovery in Australian ultra-light crude differentials, with the Southeast Asian nation requiring ample supply of Oceania condensate to raise its gasoline output in an ongoing effort to trim its oil products import bill. Not registered? Receive daily email alerts, Read More

Expiring U.S. solar subsidy spurs rush for panels

3 days ago DieselGasoil Comments Off on Expiring U.S. solar subsidy spurs rush for panels

LOS ANGELES (Reuters) – America’s biggest solar power developers are stockpiling panels to lock in a 30% federal tax credit set to start phasing out next year, a strategy that could backfire if projects do not materialize or panel prices slide substantially. FILE PHOTO: An array of solar panels is seen in the desert near Read More

Icahn launches proxy fight after stalled talks with Occidental CEO

3 days ago DieselGasoil Comments Off on Icahn launches proxy fight after stalled talks with Occidental CEO

HOUSTON (Reuters) – Activist investor Carl Icahn on Thursday formally launched a proxy fight against Occidental Petroleum (OXY.N) to win control of four board seats, according to a regulatory filing, after talks with the oil company’s chief executive failed to reach an agreement. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Read More

CrossAmerica Partners LP Maintains Quarterly Distribution

3 days ago DieselGasoil Comments Off on CrossAmerica Partners LP Maintains Quarterly Distribution

Allentown, July 18, 2019 (GLOBE NEWSWIRE) — CrossAmerica Partners LP Maintains Quarterly Distribution Quarterly distribution of $0.5250 per unit attributable to the second quarter of 2019 ALLENTOWN, PA (July 18, 2019) – CrossAmerica Partners LP (NYSE: CAPL) announced today that the Board of Directors of its general partner has approved a quarterly distribution of $0.5250 Read More

Oil falls nearly 3% as U.S. Gulf production returns

3 days ago DieselGasoil Comments Off on Oil falls nearly 3% as U.S. Gulf production returns

NEW YORK (Reuters) – Oil fell nearly 3% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week’s hurricane in the region. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March Read More

UK police say they will prevent repeat of climate-change protest chaos

4 days ago DieselGasoil Comments Off on UK police say they will prevent repeat of climate-change protest chaos

LONDON (Reuters) – Climate activists Extinction Rebellion will not be allowed to repeat the kind of disruption they caused in London earlier this year when they hold fresh demonstrations in October, police said on Thursday. FILE PHOTO: Climate change demonstrators hold placards during a march supported by Extinction Rebellion outside the Houses of Parliament in Read More

UK police vow to stop repeat of climate-change protest chaos

4 days ago DieselGasoil Comments Off on UK police vow to stop repeat of climate-change protest chaos

FILE PHOTO: Climate change demonstrators hold placards during a march supported by Extinction Rebellion outside the Houses of Parliament in London, Britain May 24, 2019. REUTERS/Simon Dawson LONDON (Reuters) – British police said they would not allow protesters from the Extinction Rebellion anti-climate change group to repeat the kind of disruption they caused in London Read More

Uptick in demand lifts Dubai sour crude premiums

4 days 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

Argentina’s shale oil production growth pushes up refinery run rates

4 days ago DieselGasoil Comments Off on Argentina’s shale oil production growth pushes up refinery run rates

Argentina’s surging shale oil production is feeding more supplies to the country’s refineries, helping to increase run rates, the Neuquen government said Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Refineries operated at an average of 78.3% of capacity in May, the highest rate in seven months, the Read More

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Oil will go ‘bust’ if recession hits

Oil prices plunged again on Thursday, dragged down by fears of slowing demand. An unexpected increase in inventories underscored the downside risk to oil prices. The EIAreported a drawdown in crude stocks, but a huge 9.25 million barrel combined increase in gasoline and diesel (gasoil) inventories, [.....]

Weekly Economic Release Summary: Industrial Production Seems Posed to Contract

[shortened version by dieselgasoil news] Manufacturing growth has historically been the “canary in the coal mine” for economic trends. The question is what a dead canary means today – because manufacturing is flirting with contraction. One reason to question manufacturing’s canary role is that its c [.....]

Several injured as car collides with crowds at cemetery

Several people have been injured – one of them seriously – after a car drove into crowds at a cemetery in Dundalk, Co Louth. The incident happened at St Patrick’s Cemetery at about 3.40pm, police said. A man in his 20s was arrested at the scene and is being held in Dundalk Garda station. A […] [.....]

Police tell criminals to take the weekend off as stifling heat grips US

By Lucia Binding, news reporter Police in the US have told criminals to take the weekend off as a sweltering heatwave causes disruption across the East Coast. In a tongue-in-cheek plea on their Facebook page, officers in Boston wrote: “Due to the extreme heat, we are asking anyone thinking of doing [.....]

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Facebook: Nick Clegg says ‘no evidence’ of Russian interference in Brexit vote

There is “absolutely no evidence” Russia influenced the Brexit result using Facebook, the company’s vice-president, Sir Nick Clegg, has said. The former deputy PM told the BBC the company had carried out analyses of its data and found no “significant attempt” by outside forces to sway the vote. Inst [...]

Missing YouTuber Etika’s belongings found

The belongings of a gaming YouTuber who has been missing for five days have been found on Manhattan Bridge in New York. Desmond Amofah, known as Etika, had uploaded an eight-minute video in which he talked about suicidal thoughts. Etika was known for playing and discussing Nintendo games on YouTube [...]

Sanctions-hit Iran becoming ‘heaven’ for bitcoin mining, says govt official

An increasing number of Iranians have started turning to cryptocurrencies, in particular bitcoin, with the devaluation of the national currency prompted by US economic sanctions. The crypto craze has raised concerns from authorities that the energy-hungry process of “mining” bitcoin is abusing Iran’ [...]

Making sense of chaos? Algos scour social media for clues to crypto moves

LONDON (Reuters) – After months of relative calm in cryptocurrency markets, bitcoin exploded back into life in April with its sharpest price jump in over a year – but few people could convincingly explain why. FILE PHOTO: A copy of bitcoin standing on PC motherboard is seen in this illustration pict [...]

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