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Bank of America makes case for oil prices above $100 per barrel

7 days ago DieselGasoil Comments Off on Bank of America makes case for oil prices above $100 per barrel
The odds of an oil price spike this year are much higher than the prevailing consensus in the market, according to a new report from Bank of America Merrill Lynch. The oil market has been tightening rapidly this year, due to OPEC+ cuts taking supply off of the market, outages in Iran and Venezuela, and Read More

Zydeco Announces Binding Open Season

1 week ago DieselGasoil Comments Off on Zydeco Announces Binding Open Season
Houston, April 15, 2019 (GLOBE NEWSWIRE) — Zydeco Pipeline Company LLC (Zydeco), jointly owned by Shell Midstream Partners, L.P. (NYSE: SHLX) and Shell Pipeline Company LP (SPLC), announced today the start of a binding open season. Zydeco is seeking binding commitments for non-firm capacity transportation service on its 350-mile pipeline which delivers crude to St. Read More

Amazon’s Bezos challenges retail rivals to raise minimum wages

2 weeks ago DieselGasoil Comments Off on Amazon’s Bezos challenges retail rivals to raise minimum wages
(Reuters) – Amazon.com Inc Chief Executive Jeff Bezos on Thursday challenged rival retailers to increase their minimum wages to $16 an hour. “Today I challenge our top retail competitors (you know who you are!) to match our employee benefits and our $15 minimum wage,” the billionaire entrepreneur said in a letter to shareholders. “Do it! Read More

Buckeye Partners Takes Additional Steps Toward Bi-Directional Laurel Service

2 weeks ago DieselGasoil Comments Off on Buckeye Partners Takes Additional Steps Toward Bi-Directional Laurel Service
HOUSTON, April 05, 2019 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) (NYSE:BPL) announced today it has scheduled necessary hydrotesting and is planning to file new Federal Energy Regulatory Commission (FERC) tariffs in advance of planned bi-directional service along the Altoona-to-Pittsburgh section of the refined fuels pipeline system operated by its subsidiary, Laurel Pipe Line Company, Read More

Refiners invest $1 billion to meet shift to cleaner marine fuel: BP

4 weeks ago DieselGasoil Comments Off on Refiners invest $1 billion to meet shift to cleaner marine fuel: BP
FILE PHOTO – The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann FUJAIRAH, United Arab Emirates (Reuters) – Refiners around the world have invested about $1 billion so far to produce low-sulfur marine fuel to meet new regulations coming into force in 2020, a BP executive Read More

Permian region crude oil prices have increased with additional pipeline takeaway capacity

4 weeks ago DieselGasoil Comments Off on Permian region crude oil prices have increased with additional pipeline takeaway capacity
March 26, 2019 Source: U.S. Energy Information Administration, based on Bloomberg, L.P. Crude oil prices in the Permian region have increased since the beginning of the year as two recent pipeline capacity additions reduced some of the takeaway constraints that developed in the middle of 2018. These transportation constraints had forced producers to use more Read More

UPS eyes in-home health services with U.S. vaccine project

1 month ago DieselGasoil Comments Off on UPS eyes in-home health services with U.S. vaccine project
LOUISVILLE, Ky. – United Parcel Service Inc wants to get beyond U.S. doorsteps with a new push into healthcare. Chris Cassidy, who leads United Parcel Service’s (UPS) global healthcare logistics strategy, is seen at the package delivery firm’s Worldport sorting facility in Louisville, Kentucky, U.S., February 5, 2019. Picture taken February 5, 2019. REUTERS/Lisa Baertlein Read More

Venezuelan crude shipments dead in the water on U.S. sanctions

1 month ago DieselGasoil Comments Off on Venezuelan crude shipments dead in the water on U.S. sanctions
By Sheela Tobben on 3/20/2019 NEW YORK (Bloomberg) — Venezuela’s exports to the U.S. hit zero last week after American sanctions on PDVSA. American refiners took no crude from the Latin American country for the first time in government data going back to 2010. Shipments have been on a steady downtrend since late January when Read More

Exclusive: How Iran fuel oil exports beat U.S. sanctions in tanker odyssey to Asia

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SINGAPORE/BAGHDAD/TRIPOLI (Reuters) – At least two tankers have ferried Iranian fuel oil to Asia in recent months despite U.S. sanctions against such shipments, according to a Reuters analysis of ship-tracking data and port information, as well as interviews with brokers and traders. FILE PHOTO: A gas flare on an oil production platform in the Soroush Read More

Delphi Energy Corp. Reports 2018 Year End Results

1 month ago DieselGasoil Comments Off on Delphi Energy Corp. Reports 2018 Year End Results
CALGARY, Alberta, March 13, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the year ended December 31, 2018. 2018 HIGHLIGHTS Successfully executed a twelve (7.80 net) well drilling program and various infrastructure projects to support future growth; Completed construction and commissioned the Read More