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Crude oil futures steady amid US rig count dip, growth concerns

17 mins ago DieselGasoil Comments Off on Crude oil futures steady amid US rig count dip, growth concerns
Singapore — Crude oil futures were steady during mid-morning trade in Asia Friday amid a decline reported in US oil rig count data and ongoing global demand and growth-related concerns. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:15 am in Singapore (0215 GMT), ICE Brent October futures Read More

Singapore HSFO/marine fuel oil spreads touch fresh highs ahead of IMO 2020

17 mins ago DieselGasoil Comments Off on Singapore HSFO/marine fuel oil spreads touch fresh highs ahead of IMO 2020
Singapore — The spread between Singapore high sulfur and Marine 0.5% sulfur fuel oil for the prompt months have widened to fresh highs on Thursday, as fundamentals for the fuel oil industry adjust before the International Maritime Organization’s sulfur mandate kicks in January 2020. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Facing farmer anger, Trump scrambles Cabinet to brainstorm on biofuel policy: sources

2 hours ago DieselGasoil Comments Off on Facing farmer anger, Trump scrambles Cabinet to brainstorm on biofuel policy: sources
WASHINGTON/NEW YORK (Reuters) – U.S. President Donald Trump, faced with mounting anger in the farm belt over policies that allow oil refineries to use less corn-based ethanol, summoned Cabinet members on Thursday to discuss ways to boost biofuel demand, four sources familiar with the matter said. FILE PHOTO: U.S. President Donald Trump returns after travelling Read More

For U.S. housing, trade war set to blunt some of Fed stimulus: Reuters poll

3 hours ago DieselGasoil Comments Off on For U.S. housing, trade war set to blunt some of Fed stimulus: Reuters poll
BENGALURU (Reuters) – The U.S.-China trade war may blunt some of the stimulus on the U.S. housing market from expected further interest rate cuts by the Federal Reserve, with only a modest outlook for price rises, a Reuters poll of property market experts found. FILE PHOTO: Development and construction continues on a large scale housing Read More

Hasbro takes home Peppa Pig, PJ Masks in $4 billion eOne deal

4 hours ago DieselGasoil Comments Off on Hasbro takes home Peppa Pig, PJ Masks in $4 billion eOne deal
(Reuters) – Hasbro Inc will buy Entertainment One Ltd for about $4 billion (3.27 billion pounds) in cash, expanding into the lucrative infant and preschool market by gaining access to popular TV shows like Peppa Pig and PJ Masks. FILE PHOTO: A Monopoly board game by Hasbro Gaming is seen in this illustration photo August Read More

Markets doubt Fed’s ability to defend economy, spur inflation

5 hours ago DieselGasoil Comments Off on Markets doubt Fed’s ability to defend economy, spur inflation
JACKSON HOLE, Wyo. (Reuters) – The U.S. Federal Reserve wanted to do two things when it cut rates for the first time in a decade last month: Support the economy and spark inflation expectations. FILE PHOTO: Federal Reserve Chairman Jerome Powell (R) speaks with New York Fed President John Williams and Kansas City Fed President Read More

Is the U.S. economy sinking or the strongest ever? For the Fed, no clear answer

6 hours ago DieselGasoil Comments Off on Is the U.S. economy sinking or the strongest ever? For the Fed, no clear answer
JACKSON HOLE, Wyo. (Reuters) – The U.S. Federal Reserve is under pressure from President Donald Trump to cut interest rates. Investors expect the Fed to cut, perhaps by a lot. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo What’s the holdup?Perhaps more than Read More

Trade tariffs seen muting IMO 2020 impact for US refiners

6 hours ago DieselGasoil Comments Off on Trade tariffs seen muting IMO 2020 impact for US refiners
New York — Weakening export demand for US-made products is skewing the impact of the change to cleaner ship fuel on US refined products as marine gasoil prices fall and cracks widen ahead of the IMO’s mandated January 1, 2020, deadline to reduce sulfur content to 0.5% from 3.5% . Not registered? Receive daily email Read More

Once more with feeling? US holds ‘secret’ talks with Venezuela officials

6 hours ago DieselGasoil Comments Off on Once more with feeling? US holds ‘secret’ talks with Venezuela officials
Faced with eight months of failed regime-change efforts, the US is trying to achieve its goals in Venezuela by holding secret talks with members of the government in Caracas, to the dismay of hawks and US-backed opposition. Following news reports about the secret negotiations, Venezuelan President Nicolas Maduro and US President Donald Trump have both Read More

U.S. factories show signs of trouble; labor market still firm

6 hours ago DieselGasoil Comments Off on U.S. factories show signs of trouble; labor market still firm
WASHINGTON (Reuters) – Activity is contracting in the U.S. manufacturing sector but the number of Americans filing applications for unemployment benefits fell last week, signs that factories are suffering from a global slowdown even as the broader labor market remains healthy. FILE PHOTO: Line workers spot weld parts of the frame on the flex line Read More