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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

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