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Israeli election suspense: Even if Netanyahu beats Gantz, forming coalition would be challenging

4 hours ago DieselGasoil Comments Off on Israeli election suspense: Even if Netanyahu beats Gantz, forming coalition would be challenging
Israeli PM Benjamin Netanyahu is yet to see if his promises of annexing more land and undermining the Israeli-Palestinian peace process, were enough to attract enough votes to continue a decade in power. Challenging him for the premiership is another Benjamin, retired General ‘Benny’ Gantz who formed a new political bloc called Kahol Lavan (Blue Read More

FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies

6 hours ago DieselGasoil Comments Off on FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies
London — Oil prices fell Tuesday, giving back more than half of Monday’s surge, after Saudi energy minister Prince Abdulaziz bin Salman said he expects most of the country’s lost crude production to be restored within two weeks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The fast recovery Read More

Saudi Arabia to restore 11 million b/d production capacity within two weeks: energy minister

8 hours ago DieselGasoil Comments Off on Saudi Arabia to restore 11 million b/d production capacity within two weeks: energy minister
Highlights Abqaiq is processing some 2 million b/d Oil prices fall after Saudi attack update Aramco IPO plan still set for next 12 months London — Saudi Arabia expects to restore most of the crude production affected by attacks on two of its key oil facilities within two weeks, the country’s energy minister said Tuesday, Read More

Narrow exit poll results hold Israel in suspense: Even if Netanyahu beats Gantz, forming coalition would be challenging

9 hours ago DieselGasoil Comments Off on Narrow exit poll results hold Israel in suspense: Even if Netanyahu beats Gantz, forming coalition would be challenging
Prime Minister Benjamin Netanyahu is yet to see if his promises of annexing more land, regarded undermining the Israeli-Palestinian peace process, was enough to attract the votes and continue a decade of reign. After voting ended on Tuesday night, two out of three exit polls give his main opponent Benjamin ‘Benny’ Gantz of the Kahol Lavan Read More

Saudi Arabia to restore 11 million b/d production capacity by end September: energy minister

10 hours ago DieselGasoil Comments Off on Saudi Arabia to restore 11 million b/d production capacity by end September: energy minister
London — Saudi Arabia expects to restore its oil production capacity to 11 million b/d by the end of end of September and recover its full capacity to 12 million b/d two months later, the country’s energy minister Prince Abdulaziz bin Salman said Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Crude settles lower as Saudis say able to restore full production capacity by end-November

10 hours ago DieselGasoil Comments Off on Crude settles lower as Saudis say able to restore full production capacity by end-November
New York — Crude futures settled lower Tuesday on news that Saudi Arabia will be able to restore its full crude production capacity by the end of November. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX front-month crude settled $3.56 lower at $59.34/b, while ICE front-month Brent settled Read More

Brent below $65/b on report Saudi Arabia to return output in 2-3 weeks

11 hours ago DieselGasoil Comments Off on Brent below $65/b on report Saudi Arabia to return output in 2-3 weeks
New York — Brent crude futures tumbled below $65/b in US morning trading Tuesday following a report from Reuters that Saudi Arabia’s crude production would return in the next two to three weeks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 1420 GMT, NYMEX front-month crude was trading Read More

U.S. banking regulator proposes easing post-crisis derivatives rules for big banks

12 hours ago DieselGasoil Comments Off on U.S. banking regulator proposes easing post-crisis derivatives rules for big banks
FILE PHOTO: A dragonfly is seen on a Wall Street sign in New York September 18, 2008. REUTERS/Eric Thayer WASHINGTON (Reuters) – A U.S. banking regulator Tuesday proposed easing a post-credit crisis rule on how much cash big banks should set aside to safeguard derivatives trades between affiliates, marking one of the biggest wins for Read More

China’s Shandong independent refiners keep Aug run rates steady at 60.4%

18 hours ago DieselGasoil Comments Off on China’s Shandong independent refiners keep Aug run rates steady at 60.4%
Singapore — Combined run rates at China’s independent refineries in eastern Shandong province was more or less stable at around 60.4% in August, compared with 60.2% in July, according to S&P Global Platts calculations based on data from JLC. JLC is a Beijing-based information provider, formerly known as JYD. Not registered? Receive daily email alerts, Read More

Saudi energy minister to update on oil attacks Tuesday

18 hours ago DieselGasoil Comments Off on Saudi energy minister to update on oil attacks Tuesday
London — Saudi energy minister Prince Abdulaziz bin Salman will hold a press conference at 8:15 pm local time (1715 GMT) Tuesday, according to the kingdom’s media ministry, as the market awaits an update on the weekend’s attacks on the Abqaiq crude processing facility and the Khurais field. Not registered? Receive daily email alerts, subscriber Read More