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MEPs to vote on first female EU Commission president

10 mins ago DieselGasoil Comments Off on MEPs to vote on first female EU Commission president
By Mark Stone, Europe Correspondent The European Parliament will decide later whether or not to block the appointment of Ursula von der Leyen as the new president of the European Commission. Ms von der Leyen, currently the German defence minister, was nominated to take over from Jean-Claude Juncker by the leaders of EU countries at Read More

U.S. manufacturing output climbs for second month in June

17 mins ago DieselGasoil Comments Off on U.S. manufacturing output climbs for second month in June
WASHINGTON (Reuters) – U.S. manufacturing output accelerated in June, climbing for the second straight month, thanks in large part to increased production of motor vehicles and parts. The Federal Reserve said Tuesday manufacturing production rose 0.4% last month, above the 0.2% expected by analysts in a Reuters poll. The June numbers were stronger than the Read More

Johnson & Johnson beats profit estimates on pharma strength, raises sales outlook

1 hour ago DieselGasoil Comments Off on Johnson & Johnson beats profit estimates on pharma strength, raises sales outlook
(Reuters) – Johnson & Johnson (JNJ.N) raised its full-year sales forecast as demand for its cancer drugs Darzalex and Imbruvica helped it exceed estimates for second-quarter profit on Tuesday. The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, Read More

JPMorgan profit beats estimates on strength in consumer banking

2 hours ago DieselGasoil Comments Off on JPMorgan profit beats estimates on strength in consumer banking
(Reuters) – JPMorgan Chase & Co (JPM.N) reported a better-than-expected quarterly profit on Tuesday as higher interest income and a modest increase in loans more than made up for lower activity at the bank’s trading desks. A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, Read More

Hardisty-US Gulf Coast WCS crude spread narrows to tightest since Oct 2017

13 hours ago DieselGasoil Comments Off on Hardisty-US Gulf Coast WCS crude spread narrows to tightest since Oct 2017
The spread between the value of Canada’s benchmark heavy crude, Western Canadian Select, in Hardisty, Alberta, and on the US Gulf Coast on Monday reached its narrowest point since October 25, 2017. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The difference between the value of WCS at Hardisty Read More

Decommissioning in Shetland expands with the arrival of more North Sea structures

23 hours ago DieselGasoil Comments Off on Decommissioning in Shetland expands with the arrival of more North Sea structures
7/15/2019 WEST SUSSEX — The Dales Voe decommissioning facility in Shetland is one step closer to becoming a center of excellence for recycling offshore structures from the North Sea with the arrival of two new installations for decommissioning by strategic partners Veolia and Peterson. The structures from Spirit Energy’s ST-1 arrived in the dedicated port Read More

Citigroup profit beats estimates on gains in consumer lending

23 hours ago DieselGasoil Comments Off on Citigroup profit beats estimates on gains in consumer lending
(Reuters) – Citigroup Inc (C.N) beat analysts’ estimates for quarterly profit on Monday, as a tight lid on costs and strength in consumer lending helped the third-largest U.S. bank counter weakness in its trading business. A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Read More

Pacific Ethanol Pekin Extends Credit Agreements with CoBank

1 day ago DieselGasoil Comments Off on Pacific Ethanol Pekin Extends Credit Agreements with CoBank
SACRAMENTO, Calif., July 15, 2019 (GLOBE NEWSWIRE) — Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in the United States, reported it has extended the terms of its credit agreements with CoBank, ACB. Pacific Ethanol Pekin, LLC (“Pekin”), an indirect wholly-owned subsidiary of Pacific Ethanol, Read More

Wall Street set open higher as banks rise after Citi results

1 day ago DieselGasoil Comments Off on Wall Street set open higher as banks rise after Citi results
(Reuters) – Wall Street was set to extend last week’s gains at the open on Monday as second-quarter corporate earnings got off to an upbeat start with results from the third largest U.S lender, Citigroup, beating expectations. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, Read More

Analysis: Asian distillate refining margins receive boost from plant issues

1 day ago DieselGasoil Comments Off on Analysis: Asian distillate refining margins receive boost from plant issues
Singapore — A recent slew of issues at refineries around the globe has provided a much-needed boost to Asian refining margins in July, improving overall regional fundamentals and opening arbitrage opportunities. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The gasoline market, which has been grappling with a supply Read More