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OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus

1 day ago DieselGasoil Comments Off on OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus
LONDON (Reuters) – OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply. FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) Read More

European middle distillates cracks hit 2019 highs as crude slips

1 day ago DieselGasoil Comments Off on European middle distillates cracks hit 2019 highs as crude slips
London — European middle distillate cracks have climbed to their highest this year amid falling crude prices, a closed arbitrage from Asia and expectations of greater demand as International Maritime Organization 2020 regulations on marine fuels loom. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The front-month 10 ppm Read More

EIA: Natural gas production at record-high levels despite low prices

1 day ago DieselGasoil Comments Off on EIA: Natural gas production at record-high levels despite low prices
8/16/2019 WASHINGTON – U.S. natural gas production continued to increase in August despite relatively low natural gas spot prices, setting a new daily production record of 92.1 Bcfd on August 5, 2019, according to data from OPIS PointLogic Energy. Natural gas production increased by 1.5 Bcfd (2.5%) between May and August 2019, led by production Read More

STAR Market tech board offers hope to Chinese venture capitalists

1 day ago DieselGasoil Comments Off on STAR Market tech board offers hope to Chinese venture capitalists
SHANGHAI/HONG KONG (Reuters) – When Chinese venture capital firm New Vision Capital invested in two startups focusing on cloud computing and micro-optics, the plan was to eventually take them public on the Nasdaq exchange. FILE PHOTO – A sign for STAR Market, China’s new Nasdaq-style tech board, is seen after the listing ceremony of the Read More

South Korea versus Japan delivered 380 CST bunker price spread hits record high

1 day ago DieselGasoil Comments Off on South Korea versus Japan delivered 380 CST bunker price spread hits record high
Singapore — The delivered 380 CST bunker fuel price spread between South Korea and Japan widened to a record high Thursday, due to persistent tightness in high sulfur fuel oil supply in South Korea and rising supply in Japan. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The South Read More

Feature: IMO 2020 preparations and their impacts on US exports

1 day ago DieselGasoil Comments Off on Feature: IMO 2020 preparations and their impacts on US exports
Houston — Ahead of IMO 2020, shipowners are increasingly taking ships off the water for scrubber installations, reducing tonnage availability in the Americas and supporting expectations that freight will firm in the coming months, impacting US export competitiveness. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now On January 1, Read More

‘Crazy inverted yield curve’ vexes Fed, with no clear resolution

2 days ago DieselGasoil Comments Off on ‘Crazy inverted yield curve’ vexes Fed, with no clear resolution
WASHINGTON (Reuters) – Amid the recent financial market volatility, the interest rates on some long-dated government bonds have fallen below the level for short-term debt. FILE PHOTO: A trader looks at screens as he works on the floor at the New York Stock Exchange, August 13, 2019. REUTERS/Eduardo Munoz Called a “yield curve inversion,” this Read More

Strong U.S. retail sales ease gloom over economy

2 days ago DieselGasoil Comments Off on Strong U.S. retail sales ease gloom over economy
WASHINGTON (Reuters) – U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, helping to assuage financial market fears that the economy was heading into recession. FILE PHOTO: Clothes are seen on display inside the Barneys New York the luxury department store in Read More

Surge in U.S. retail sales underscores economy’s resilience

2 days ago DieselGasoil Comments Off on Surge in U.S. retail sales underscores economy’s resilience
WASHINGTON (Reuters) – U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, which could help to assuage financial markets’ fears that the economy was heading into recession. FILE PHOTO: People tour The Shops during the grand opening of The Hudson Yards development, Read More