newszine

Oil will go ‘bust’ if recession hits

3 hours ago DieselGasoil Comments Off on Oil will go ‘bust’ if recession hits
Oil prices plunged again on Thursday, dragged down by fears of slowing demand. An unexpected increase in inventories underscored the downside risk to oil prices. The EIAreported a drawdown in crude stocks, but a huge 9.25 million barrel combined increase in gasoline and diesel (gasoil) inventories, which surprised traders. Also, gasoline demand plunged by 0.5 mb/d Read More

The number of electric utility rate cases increased in 2018

2 days ago DieselGasoil Comments Off on The number of electric utility rate cases increased in 2018
July 19, 2019 Source: U.S. Energy Information Administration, based on data from S&P Global Rate Case Database and the University of Texas, Austin Energy Institute In 2018, 89 utilities—or nearly half of all major U.S. electric utilities—tried to change electricity rates by filing rate cases with state regulatory commissions; this number was the largest number Read More

Oil jumps after U.S. Navy downs Iranian drone

2 days ago DieselGasoil Comments Off on Oil jumps after U.S. Navy downs Iranian drone
TOKYO/SINGAPORE (Reuters) – Oil prices rose nearly 2% on Friday as tensions brewed again in the Middle East after a U.S. Navy ship destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, Read More

Oil falls nearly 3% as U.S. Gulf production returns

3 days ago DieselGasoil Comments Off on Oil falls nearly 3% as U.S. Gulf production returns
NEW YORK (Reuters) – Oil fell nearly 3% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week’s hurricane in the region. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March Read More

Crude futures steady after fall on U.S. oil products stocks gain

3 days ago DieselGasoil Comments Off on Crude futures steady after fall on U.S. oil products stocks gain
TOKYO (Reuters) – Oil prices steadied on Thursday after falling in the previous session when official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March 28, 2019. REUTERS/Christian Hartmann Read More

Crude futures fall after strong build in U.S. oil products stocks

3 days ago DieselGasoil Comments Off on Crude futures fall after strong build in U.S. oil products stocks
TOKYO (Reuters) – Oil prices fell on Thursday, extending declines into a fourth day, after official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March 28, 2019. REUTERS/Christian Hartmann Read More

Oil prices fall more than 1% after U.S. fuel inventories build

4 days ago DieselGasoil Comments Off on Oil prices fall more than 1% after U.S. fuel inventories build
NEW YORK (Reuters) – Oil futures fell more than 1% on Wednesday, extending a more than 3% drop in prices the previous session, after U.S. government data showed large builds in refined product stockpiles. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. REUTERS/Christian Hartmann Brent crude Read More

Air France should face trial for manslaughter & negligence over Rio de Janeiro crash – prosecutors

4 days ago DieselGasoil Comments Off on Air France should face trial for manslaughter & negligence over Rio de Janeiro crash – prosecutors
Air France could face trial for manslaughter and negligence over the 2009 crash which killed 228 people on a flight from Rio de Janeiro to Paris, if new advice from French prosecutors is followed. Prosecutors have recommended that Air France face trial, concluding that the company was aware of technical problems with a speed-measuring instrument Read More

Oil settles lower amid signs of US-Iran rapprochement

5 days ago DieselGasoil Comments Off on Oil settles lower amid signs of US-Iran rapprochement
New York — Oil futures settled sharply lower Tuesday after White House statements pointed to a potential thaw in Middle East tensions. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX August WTI settled down $1.96 at $57.62/b and ICE September Brent was $2.13 lower at $64.35/b. Oil futures Read More