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Crude treads water as market looks to G-20 for direction

3 hours ago DieselGasoil Comments Off on Crude treads water as market looks to G-20 for direction
New York — Crude futures finished Tuesday’s session mixed as the market treaded water ahead of the G-20 summit beginning later this week in Osaka, Japan. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now ICE August Brent settled up 19 cents at $65.05/b while NYMEX August WTI fell 7 Read More

Tesla likely to miss record second-quarter delivery target: Electrek

4 hours ago DieselGasoil Comments Off on Tesla likely to miss record second-quarter delivery target: Electrek
FILE PHOTO: A Tesla Model 3 is seen in a showroom in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson (Reuters) – Shares of Tesla Inc fell 1.3% on Tuesday after news website Electrek reported that the electric-car maker has so far delivered 49,000 vehicles in North America during the second quarter and may Read More

Latest US tariff threat would hurt US oil, gas output: API

4 hours ago DieselGasoil Comments Off on Latest US tariff threat would hurt US oil, gas output: API
Highlights US depends on China for key drilling fluid component API says US energy security at stake in trade dispute US Q1 crude flows to China shrink to 6,991 b/d Washington — The latest US tariffs threatened against Chinese imports would hamper US energy exports, hurt domestic energy security, and push China to import more Read More

International Petroleum Corporation announces commencement of drilling program in Malaysia

8 hours ago DieselGasoil Comments Off on International Petroleum Corporation announces commencement of drilling program in Malaysia
TORONTO, June 25, 2019 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that it has commenced drilling of the first well in a planned multi-well drilling program on Block PM307, located offshore Peninsular Malaysia. IPC is the operator of Block PM307 and holds a 75% working interest, with Read More

Crude oil inputs to Mexico’s petroleum refineries continued to decline in 2018

11 hours ago DieselGasoil Comments Off on Crude oil inputs to Mexico’s petroleum refineries continued to decline in 2018
June 25, 2019 Source: U.S. Energy Information Administration, based on data published by Petróleos Mexicanos Crude oil inputs to Mexico’s petroleum refineries declined for the fifth consecutive year in 2018, falling to nearly 600,000 barrels per day (b/d), a 50% drop from 2013 levels. This decline in crude oil processing has coincided with a decrease Read More

Analysis: China gasoline exports to rebound in June on new quota, oversupply

12 hours ago DieselGasoil Comments Off on Analysis: China gasoline exports to rebound in June on new quota, oversupply
Singapore — China gasoline exports in May fell 42.4% year on year and 27.6% from the previous month to 850,000 mt, but market sources expected volumes to rebound in June after export quota allocations mid-May and amid an oversupply in the domestic market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

China’s May gasoline exports fall 28%, gasoil drops 52% on month

17 hours ago DieselGasoil Comments Off on China’s May gasoline exports fall 28%, gasoil drops 52% on month
China’s May gasoline exports fell by 27.6% on the month to around 850,000 mt, from 1.17 million mt in April, latest data released late Monday by the General Administration of Customs showed. Gasoil exports also dropped. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The decline in gasoline exports Read More

India annuls Israeli missile deal in favor of domestic alternative… again?

20 hours ago DieselGasoil Comments Off on India annuls Israeli missile deal in favor of domestic alternative… again?
India has reportedly canceled its $500 million contract for Israeli anti-tank missiles after the country’s defense manufacturing sector conducted successful tests and promised to deliver an indigenous alternative within two years. Following a series of successful trials of the man-portable anti-tank guided missile (MPATGM) by the Defense Research and Development Organization (DRDO), India has notified Read More

Exclusive: Dirty oil crisis over for Russia, but contagion felt on high seas

24 hours ago DieselGasoil Comments Off on Exclusive: Dirty oil crisis over for Russia, but contagion felt on high seas
MOSCOW/LONDON (Reuters) – In the opinion of Russian officials, the oil contamination crisis that disrupted flows from the world’s second-largest exporter of crude this spring is long over. FILE PHOTO: An oil storage tank of Russian oil pipeline monopoly Transneft is pictured at the Baltic Sea port of Ust-Luga, Russia February 26, 2018. REUTERS/Vladimir Soldatkin/File Read More

Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions

1 day ago DieselGasoil Comments Off on Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions
Highlights In tweet, Trump signals change to 40-year-old maritime security doctrine Analyst sees move as a negotiating tactic amid heightened US-Iran tensions US unveils new sanctions on Iranian leaders following attacks on drone, tankers Washington — Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now President Donald Trump signaled Monday Read More