newszine

Oil closes in on four-month highs on OPEC cuts, U.S. stock draw

1 hour ago DieselGasoil Comments Off on Oil closes in on four-month highs on OPEC cuts, U.S. stock draw
NEW YORK (Reuters) – Oil prices rose to near four-month highs on Monday, supported by the prospect of extended OPEC-led oil supply curbs and signs of inventory declines in U.S. crude stockpiles. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo/File Photo Read More

Malaysia to keep bauxite mining on hold amid environmental impact studies

5 days ago DieselGasoil Comments Off on Malaysia to keep bauxite mining on hold amid environmental impact studies
A durian orchard remains untouched in an area exploited by bauxite mining companies in Kuantan, Malaysia, February 16, 2016. REUTERS/Olivia Harris KUALA LUMPUR (Reuters) – Malaysia said that bauxite miners must each conduct a study on the environmental impact of their sites in the country before receiving licences to restart operations, with a moratorium on Read More

Trump's EPA unveils plan to pump up ethanol as Big Oil cries foul

6 days ago DieselGasoil Comments Off on Trump's EPA unveils plan to pump up ethanol as Big Oil cries foul
(Reuters) – The U.S. Environmental Protection Agency on Tuesday released its proposed rule lifting a summer ban on higher-ethanol blends of gasoline to help farmers, putting the agency on a collision course with Big Oil which has called the move illegal. U.S. Environmental Protection Agency Administrator Andrew Wheeler speaks at a media briefing at CERAWeek Read More

Oil rises to one-week high on Saudi cuts and weaker dollar

6 days ago DieselGasoil Comments Off on Oil rises to one-week high on Saudi cuts and weaker dollar
By Ben Foldy on 3/12/2019 NEW YORK (Bloomberg) — Crude rallied to the highest in more than a week as traders remained optimistic over Saudi Arabia’s planned production cuts and amid a weaker dollar. Futures climbed as much as 1.3% in New York to the highest since March 1. Saudi Arabia’s commitment to OPEC’s deal Read More

‘Pressured’ chemical watchdog afraid to contradict US on Douma chemical incident – Russian envoy

7 days ago DieselGasoil Comments Off on ‘Pressured’ chemical watchdog afraid to contradict US on Douma chemical incident – Russian envoy
The OPCW could not come up with an unbiased report on the alleged 2018 chemical attack in Douma, as acknowledging that it was faked would’ve made the US strikes against Syria illegitimate, the Russian envoy to the OPCW told RT. In early March, the final report by the Fact-Finding Mission (FFM) of the Organization for Read More

Oil slides on economy fears, stuck in tightest range since 2017

1 week ago DieselGasoil Comments Off on Oil slides on economy fears, stuck in tightest range since 2017
By Grant Smith on 3/8/2019 LONDON (Bloomberg) — Oil fell as a weakening outlook for the global economy and rising crude stockpiles in the U.S. signaled that markets will remain comfortably supplied. Futures in New York retreated as much as 2.7%. They have held this week in the narrowest range since December 2017 as traders Read More

Exclusive: U.S. EPA aims to curb biofuel credit speculation by blocking outsiders

2 weeks ago DieselGasoil Comments Off on Exclusive: U.S. EPA aims to curb biofuel credit speculation by blocking outsiders
WASHINGTON (Reuters) – The Environmental Protection Agency will attempt to stamp out speculation in the U.S. biofuel credit market by barring trading by non-industry players, publicizing large positions, and improving price transparency, a source familiar with the agency’s proposals told Reuters on Thursday. FILE PHOTO: The U.S. Environmental Protection Agency (EPA) sign is seen on Read More

Profits from trading European gas thwarted by brimming stockpiles

2 weeks ago DieselGasoil Comments Off on Profits from trading European gas thwarted by brimming stockpiles
By Vanessa Dezem and Andrew Reierson on 3/7/2019 FRANKFURT and LONDON (Bloomberg) — Buying European natural gas in the summer to sell during winter is the most profitable it’s been for eight years — at least on paper. The trouble is there’s no room to store it.  An unusually mild winter means fuel supplies are Read More

Oil retreats as surprise jump in U.S. stockpiles hints at glut

2 weeks ago DieselGasoil Comments Off on Oil retreats as surprise jump in U.S. stockpiles hints at glut
By Alex Nussbaum on 3/6/2019 NEW YORK (Bloomberg) — Oil retreated for the second day in a row after U.S. crude stockpiles ballooned, casting a shadow over OPEC’s efforts to avert a global glut. Futures in New York closed 0.6% lower on Wednesday after the U.S. Energy Information Administration said domestic oil inventories grew by Read More

Stocks continue to sputter, Canadian dollar weakens

2 weeks ago DieselGasoil Comments Off on Stocks continue to sputter, Canadian dollar weakens
NEW YORK (Reuters) – A gauge of global stocks sputtered for a third straight session, unable to build on a surge in Chinese shares, while the Canadian dollar weakened after dovish commentary from the Bank of Canada. FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, Read More