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Are oil traders already looking beyond the Saudi oil crisis?

22 hours ago DieselGasoil Comments Off on Are oil traders already looking beyond the Saudi oil crisis?
Oil markets went for a wild ride this week in the aftermath of the drone strike on one of the world’s most important crude processing facilities. The attack led to Brent crude futures spiking by 20 percent in early Monday morning trading. Despite the severity of the supply outage (some 5.7 million bpd), Saudi Arabian Read More

Crude settles lower as Saudi attacks take back seat to growth concerns

1 day ago DieselGasoil Comments Off on Crude settles lower as Saudi attacks take back seat to growth concerns
Highlights Trump downplays trade deal with China Risk premium remains Refined products weaker New York — Crude futures settled slightly lower Friday, as the recent attacks on Saudi Arabian oil infrastructure took a back seat to global demand growth worries. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX Read More

CME to start offering options on bitcoin futures early next year

1 day ago DieselGasoil Comments Off on CME to start offering options on bitcoin futures early next year
NEW YORK (Reuters) – CME Group, the world’s largest futures exchange operator, said on Friday it plans to launch options on its bitcoin futures contracts in the first quarter of 2020, giving traders another way to hedge their risk in the cryptocurrency. CME launched bitcoin futures in December 2017 and has signed up 3,300 individual Read More

Wall Street falls as trade optimism fizzles

1 day ago DieselGasoil Comments Off on Wall Street falls as trade optimism fizzles
(Reuters) – Wall Street dropped on Friday, and also finished the week lower, after a Chinese agriculture delegation canceled a planned visit to Montana, dampening optimism about U.S.-China trade talks. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid The delegates, Read More

Wall Street drops after China cancels visit to Montana farmland

1 day ago DieselGasoil Comments Off on Wall Street drops after China cancels visit to Montana farmland
(Reuters) – Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid The delegates, who had been set Read More

Wall Street drops as trade tensions spike

1 day ago DieselGasoil Comments Off on Wall Street drops as trade tensions spike
(Reuters) – The Wall Street’s main indexes dropped on Friday, after the Montana Farm Bureau said Chinese agriculture officials who were due to visit U.S. farm states next week canceled their trip, dampening optimism on U.S.-China trade talks. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, Read More

Wall Street futures rise on global stimulus efforts

2 days ago DieselGasoil Comments Off on Wall Street futures rise on global stimulus efforts
(Reuters) – U.S. stock index futures rose on Friday as China became the third country to trim interest rates in the past few days, raising hopes that major central banks stand ready to blunt the impact of a prolonged Sino-U.S. trade war on global growth. FILE PHOTO: Traders work on the floor at the New Read More

Oil set for biggest weekly gain since January after Saudi attack

2 days ago DieselGasoil Comments Off on Oil set for biggest weekly gain since January after Saudi attack
By Grant Smith on 9/20/2019 LONDON (Bloomberg) – Oil was on track for its biggest weekly increase since January as traders waited to see whether Saudi Arabia can fulfill promises to swiftly repair a critical processing facility attacked last weekend. The world’s biggest crude exporter has vowed to restore its Abqaiq plant this month after Read More

Saudi Oct term propane CP expected above $400/mt as supply worries linger

2 days ago DieselGasoil Comments Off on Saudi Oct term propane CP expected above $400/mt as supply worries linger
Singapore — Saudi Aramco is expected to set the October propane term contract price at just above $400/mt, versus $350/mt for September, traders said Friday, as details emerged that some Indian companies had their October-loading term cargoes deferred in the recent acceptances of nominations. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Dubai futures: Crude spreads firm as traders mull Saudi-Iraq supply deal

2 days ago DieselGasoil Comments Off on Dubai futures: Crude spreads firm as traders mull Saudi-Iraq supply deal
Singapore — The Middle East sour crude complex, led by benchmark Dubai crude futures spreads, continued to strengthen in mid-morning trading in Asia Friday, as traders digested overnight developments on reports that Saudi Aramco may have approached Iraq for Basrah crude supplies. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Read More