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Saudis keep oil flowing as they patch up wounded industry

3 hours ago DieselGasoil Comments Off on Saudis keep oil flowing as they patch up wounded industry
By Anthony DiPaola on 9/18/2019 DUBAI (Bloomberg) – Saudi Arabia reassured anxious customers that crude exports will keep flowing as normal and its industry can recover quickly from the worst attack in its history. Crude prices fell after Tuesday’s long-awaited statement from the kingdom — which pumped almost 10% of the world’s oil before the Read More

Saudi Arabia partially restores output at damaged oil plant

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By Anthony DiPaola on 9/17/2019 DUBAI (Bloomberg) – Saudi Arabia attempted to move beyond the worst oil disruption in its history, assuring the world that crude exports will not suffer, its damaged facility had partially restarted and production capacity would be back to normal within months. The long-awaited statement on Tuesday from the kingdom — Read More

Feature: IMO 2020 mandate creates Singapore-Fujairah arbitrage for LSFO

20 hours ago DieselGasoil Comments Off on Feature: IMO 2020 mandate creates Singapore-Fujairah arbitrage for LSFO
Singapore — The fuel oil market has started to see International Maritime Organization-compliant marine fuel being shipped from Singapore to Fujairah, several market participants told S&P Global Platts, confirming expectations of imminent changes to global trade flows for residual fuels going into 2020. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Oil sheds gains, stocks dip as Fed comes into focus

1 day ago DieselGasoil Comments Off on Oil sheds gains, stocks dip as Fed comes into focus
LONDON (Reuters) – Oil shed some of its gains on Tuesday as the United States raised the possibility of releasing crude reserves, while stocks inched lower as investors waited for this week’s Federal Reserve meeting. FILE PHOTO: People walk past the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls Read More

Oil sheds gains, stocks inch lower as focus turns to Fed

1 day ago DieselGasoil Comments Off on Oil sheds gains, stocks inch lower as focus turns to Fed
LONDON (Reuters) – Oil shed some of its massive gains on Tuesday as the United States flagged the possible release of crude reserves, while stocks inched lower as investors remained on the sidelines ahead of this week’s Federal Reserve meeting. FILE PHOTO: Men are reflected on an electronic board showing the Nikkei stock index outside Read More

Trump after Saudi oil attack: ‘I don’t want war but we are prepared’

1 day ago DieselGasoil Comments Off on Trump after Saudi oil attack: ‘I don’t want war but we are prepared’
By Sanya Burgess, news reporter Donald Trump has said it is “looking like” Iran was behind the attacks on Saudi Arabia’s oil facilities, but he has insisted that he does not want war. The president said he is not looking at retaliatory options until he has “definitive proof” that Tehran was responsible, but added that Read More

Factbox: Britain’s insulin providers prepare for Brexit fallout

1 day ago DieselGasoil Comments Off on Factbox: Britain’s insulin providers prepare for Brexit fallout
FILE PHOTO: The logo of Sanofi is seen at the company’s research and production centre in Vitry-sur-Seine, France, August 6, 2019. REUTERS/Charles Platiau LONDON (Reuters) – With Britain sourcing the vast majority of the insulin needed by its 1 million diabetics from overseas, its biggest providers have had to restructure their supply chains in case Read More

With a backup to the backup, insulin makers say they’re primed for Brexit

1 day ago DieselGasoil Comments Off on With a backup to the backup, insulin makers say they’re primed for Brexit
LONDON (Reuters) – For two men trained as scientists, the bosses of Britain’s major insulin providers have had to become experts in ferry schedules, trucking laws and warehouse capacity as they seek to guarantee the supply of life-saving drugs through a chaotic Brexit. Georgina shows off her insulin medical supplies at her home in London, Read More

Saudi oil attack: ‘Looking like’ Iran was responsible, says Trump

1 day ago DieselGasoil Comments Off on Saudi oil attack: ‘Looking like’ Iran was responsible, says Trump
By Sanya Burgess, news reporter Donald Trump has said it is “looking like” Iran was behind the attacks on Saudi Arabia’s oil facilities but has insisted that he does not want war. The US president said he was not looking at retaliatory options until he has “definitive proof” that Tehran was responsible, but added that Read More

Oil trims gains but Middle East risks keep stocks on back foot

1 day ago DieselGasoil Comments Off on Oil trims gains but Middle East risks keep stocks on back foot
TOKYO (Reuters) – Oil shed some of its massive gains on Tuesday as the United States flagged the possible release of crude reserves, but the threat of military action over the attacks on Saudi oil facilities kept prices elevated and stocks under pressure. FILE PHOTO: Men are reflected on an electronic board showing the Nikkei Read More