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Hurricane Barry’s impact still being felt in USGC crude market: Platts data

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Houston — The differential for Mars crude on the US Gulf Coast reached its strongest value Monday since March 14, as lost production due to Hurricane Barry, which caused many US Gulf of Mexico producers to shut-in output, created a tight prompt market for regional grades. Not registered? Receive daily email alerts, subscriber notes & Read More

PrairieSky Announces 2019 Second Quarter Results

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CALGARY, Alberta, July 22, 2019 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce its second quarter (“Q2 2019“) operating and financial results for the period ended June 30, 2019. PRESIDENT’S MESSAGE Second Quarter 2019 Highlights: Funds from Operations totaled $58.0 million ($0.25 per common share basic and Read More

Polish newspaper compared to ‘German fascists’ over ‘LGBT-free zone’ stickers

3 days ago DieselGasoil Comments Off on Polish newspaper compared to ‘German fascists’ over ‘LGBT-free zone’ stickers
A conservative Polish newspaper has kicked off heated controversy after announcing it would include ‘LGBT-free zone’ stickers in a future issue, prompting comparisons to anti-Jewish signs and slogans used by the Nazis. A preview of the contentious sticker was shared to Twitter on Wednesday by Gazeta Polska, a right-of-center publication with a readership of around Read More

Analysis: DME Oman benchmark move backfires as open interest stalls

4 days ago DieselGasoil Comments Off on Analysis: DME Oman benchmark move backfires as open interest stalls
Highlights Questions about underlying appeal of DME Oman as a benchmark Open interest on DME Oman forward curve has flat-lined Scratch trades underpinning DME Oman volumes, say traders London — Almost a year since Saudi Arabia picked Dubai Mercantile Exchange’s Oman benchmark to help set official selling prices for crude in Asia, open interest in Read More

Schlumberger names new CEO

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7/19/2019 PARIS — Schlumberger Limited has announced that its board of directors has appointed Olivier Le Peuch as its CEO and member of the Schlumberger board, effective Aug. 1, 2019. Le Peuch succeeds Paal Kibsgaard, who will retire as CEO effective that same date. Also effective Aug. 1, Kibsgaard will step down as chairman of Read More

Aston Martin falls 5% in its London IPO

5 days ago DieselGasoil Comments Off on Aston Martin falls 5% in its London IPO
You could own James Bond’s car Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion. But its first day of trading in London got off to a rocky start. The favorite carmaker of fictional British secret service agent James Bond priced its Read More

Uptick in demand lifts Dubai sour crude premiums

5 days ago DieselGasoil Comments Off on Uptick in demand lifts Dubai sour crude premiums
Singapore — Benchmark Dubai crude spreads strengthened in mid-morning trading in Asia Thursday, backed by demand uptick for Middle East crudes from North Asian refineries in the wake of healthy margins, traders said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Indicating strength for the medium sour complex, Dubai’s Read More

US promises Turkey ‘constraints’ in relations as it kicks it out of F-35 program over S-400

5 days ago DieselGasoil Comments Off on US promises Turkey ‘constraints’ in relations as it kicks it out of F-35 program over S-400
Washington is cutting Ankara out of the F-35 program, because the stealth fighter “cannot coexist” alongside the Russian air defense systems currently being delivered to Turkey, the White House announced. “The F-35 cannot coexist with a Russian intelligence collection platform that will be used to learn about its advanced capabilities,” White House press secretary Stephanie Read More

MEPs to vote on first female EU Commission president

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By Mark Stone, Europe Correspondent The European Parliament will decide later whether or not to block the appointment of Ursula von der Leyen as the new president of the European Commission. Ms von der Leyen, currently the German defence minister, was nominated to take over from Jean-Claude Juncker by the leaders of EU countries at Read More

Facebook vows Libra currency will wait for approval as U.S. airs worries

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WASHINGTON (Reuters) – Facebook Inc said on Monday it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed, as the U.S. Treasury secretary took the unusual step on of saying he had serious concerns it could be used for illicit activity. David Marcus, who oversees Facebook’s blockchain efforts, planned Read More