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Reported! Instagram to roll out special button letting users flag ‘fake posts’

18 hours ago DieselGasoil Comments Off on Reported! Instagram to roll out special button letting users flag ‘fake posts’
Fresh after the memes purge, Instagram is getting more ‘alert’ to ‘fake content’ urging users report it with a touch of a button. Experienced ‘fact-checkers’ of its parent company Facebook will take it from there. The company is rolling out the option first in the US, and then worldwide by the end of August. “I’m Read More

Benzene market tightens on naphtha supply buildup

1 day ago DieselGasoil Comments Off on Benzene market tightens on naphtha supply buildup
Highlights Naphtha-benzene spread hits two-year high Naphtha oversupply pressuring pricing London — The spread between benzene and naphtha hit a two-year high this week at $385/mt Wednesday — the widest point since December 2017. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The spread was last seen at $353/mt Read More

Stocks gain on stimulus hopes but still head for third losing week

1 day ago DieselGasoil Comments Off on Stocks gain on stimulus hopes but still head for third losing week
LONDON (Reuters) – World stocks rose on Friday as expectations grew of further stimulus by central banks, offsetting worries about slowing economic growth, which intensified this week as the U.S. yield curve inverted for the first time since 2007. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Read More

U.S. oil sanctions leave Russian exporters $1 billion richer

1 day ago DieselGasoil Comments Off on U.S. oil sanctions leave Russian exporters $1 billion richer
By Dina Khrennikova and Anya Andrianova on 8/16/2019 MOSCOW (Bloomberg) – U.S. sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil, boosting revenues for the nation’s exporters. Russian oil companies received at least $905 million in additional revenues between November and July, data compiled by Bloomberg show. The Read More

South Korea versus Japan delivered 380 CST bunker price spread hits record high

1 day ago DieselGasoil Comments Off on South Korea versus Japan delivered 380 CST bunker price spread hits record high
Singapore — The delivered 380 CST bunker fuel price spread between South Korea and Japan widened to a record high Thursday, due to persistent tightness in high sulfur fuel oil supply in South Korea and rising supply in Japan. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The South Read More

Analysis: Oct light sour crude sees upside potential on firm Asian demand

2 days ago DieselGasoil Comments Off on Analysis: Oct light sour crude sees upside potential on firm Asian demand
Light, high sulfur crude grades loading from the Persian Gulf in October and flowing into Asia have the potential to trade at higher premiums than previously expected due to firm product margins and robust demand from North Asian refiners, traders told S&P Global Platts this week. Not registered? Receive daily email alerts, subscriber notes & Read More

Sour crude spreads trade sideways despite firm spot demand

2 days ago DieselGasoil Comments Off on Sour crude spreads trade sideways despite firm spot demand
Singapore — Benchmark Dubai crude futures spreads largely traded sideways in mid-morning hours in Asia on Friday, despite several cargoes changing hands at small premiums for the October cycle in the latter half of the week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10 am in Singapore Read More

CFTC says Kraft, Mondelez to pay $16 million in wheat price manipulation case

2 days ago DieselGasoil Comments Off on CFTC says Kraft, Mondelez to pay $16 million in wheat price manipulation case
FILE PHOTO: Bottles of salad dressing, made by food conglomerate Kraft Heinz, are seen on a supermarket shelf in Seattle, Washington, U.S., February 10, 2017. REUTERS/Chris Helgren/File Photo (Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz Co and Mondelez International Inc will have to pay $16 million in penalty Read More

‘Crazy inverted yield curve’ vexes Fed, with no clear resolution

2 days ago DieselGasoil Comments Off on ‘Crazy inverted yield curve’ vexes Fed, with no clear resolution
WASHINGTON (Reuters) – Amid the recent financial market volatility, the interest rates on some long-dated government bonds have fallen below the level for short-term debt. FILE PHOTO: A trader looks at screens as he works on the floor at the New York Stock Exchange, August 13, 2019. REUTERS/Eduardo Munoz Called a “yield curve inversion,” this Read More

‘We’re all alive thanks to pilot’: Passengers recall dramatic Ural Airlines’ belly-landing

2 days ago DieselGasoil Comments Off on ‘We’re all alive thanks to pilot’: Passengers recall dramatic Ural Airlines’ belly-landing
It was a chilling experience for passengers of the A321 jet as they watched it descend for an emergency landing in a field outside Moscow after a troublesome take off. They are now lauding the pilots for saving their lives. The plane with 233 people on board appears to have struck a flock of gulls Read More