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Analysis: US crude oil stocks resume draw as refiner demand surges

2 days ago DieselGasoil Comments Off on Analysis: US crude oil stocks resume draw as refiner demand surges
New York — US crude stocks fall 2.73 million barrels to 437.78 million barrels Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Refinery utilization up 1.1 points at 95.9% of capacity Products show surprise build as demand dips US crude oil inventories resumed a seasonal draw last week amid Read More

Feature: USGC ULSD jumps as export demand to Brazil surges

7 days ago DieselGasoil Comments Off on Feature: USGC ULSD jumps as export demand to Brazil surges
Houston — Brazilian demand for US Gulf Coast diesel (gasoil) this month — spurred by a refinery outage and state-run pricing — has helped drain supplies and push spot differentials past a one-month high. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now S&P Global Platts assessed USGC ULSD Thursday Read More

Oil declines as trade war casts dark cloud, stockpiles rise

1 week ago DieselGasoil Comments Off on Oil declines as trade war casts dark cloud, stockpiles rise
By Kiran Dhillon on 8/15/2019 NEW YORK (Bloomberg) – Oil fell for a second day as the U.S.-China trade war escalated against the backdrop of swelling American crude inventories. Futures fell as much as 2.6% in New York on Thursday. In the latest salvo of the dispute between the world’s biggest economies, the Chinese government Read More

Green energy has a plethora of failures

1 week ago DieselGasoil Comments Off on Green energy has a plethora of failures
By Will Wade on 8/15/2019 NEW YORK (Bloomberg Markets) –It must have seemed like a good idea at the time. The annals of green energy are filled with people who devised “brilliant solutions” to vexing problems, delivering more power for less money, making things cleaner, easier, and better. Some became rich and famous in the Read More

Colonial time bomb: How specter of British Empire still haunts Kashmir

1 week ago DieselGasoil Comments Off on Colonial time bomb: How specter of British Empire still haunts Kashmir
The dispute over the region of Kashmir has once again set India and Pakistan headlong on the path to conflict. Arguably the longest conflict of the modern times between the nuclear powers reflect a bitter legacy of British rule. The dispute over Kashmir has been a searing wound for decades. It is one of the longest conflicts Read More

Take Five: The devil’s in the data

2 weeks ago DieselGasoil Comments Off on Take Five: The devil’s in the data
LONDON (Reuters) – 1/ READY FOR A SCARY EURO ZONE GDP SHOW? FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 6, 2019. REUTERS/Brendan McDermid Fears of a major downturn in euro zone powerhouse Germany grew this week following “scary” industrial output figures for June Read More

Wall Street surges after upbeat economic data

2 weeks ago DieselGasoil Comments Off on Wall Street surges after upbeat economic data
(Reuters) – Wall Street’s main indexes were sharply higher on Thursday as better-than-expected domestic and Chinese data as well as a firming yuan offered some relief to investors alarmed by a week of blow and counterblow between Beijing and Washington over trade. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

Oil surges as traders await fed cut, Iran clash squeezes supply

3 weeks ago DieselGasoil Comments Off on Oil surges as traders await fed cut, Iran clash squeezes supply
7/30/2019 NEW YORK (Bloomberg) – Oil surged as the Federal Reserve moved toward a rate-cut to boost the economy even as lingering tensions with Iran threatened to choke Middle East supplies. Futures in New York closed 2.1% higher for a fourth straight daily gain. The Fed opened a two-day meeting on Tuesday where it’s expected Read More

Merck profit surges on strong sales of Keytruda, vaccines

3 weeks ago DieselGasoil Comments Off on Merck profit surges on strong sales of Keytruda, vaccines
FILE PHOTO: The Merck logo is seen at a gate to the Merck & Co campus in Linden, New Jersey, U.S., July 12, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – U.S. drugmaker Merck & Co Inc (MRK.N) reported a 56.4% rise in second-quarter profit on Tuesday, boosted by strong demand for its Keytruda immunotherapy, the dominant Read More

Starbucks traffic surges, posts best sales growth in three years

4 weeks ago DieselGasoil Comments Off on Starbucks traffic surges, posts best sales growth in three years
(Reuters) – Starbucks Corp (SBUX.O) attracted more customers in the latest quarter on an expanded line up of beverages and food offerings in the United States and China, leading the coffee chain to raise its fiscal 2019 profit forecast. FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, Read More