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LONDON, Oct 16 (Reuters) — Diesel refining profit margins fell by 2.6% on Friday, weighed down by the International Energy Agency's announcement about releasing emergency stocks and by rising regional inventories. Low-sulphur gasoil futures traded at $79.34 a barrel above Brent crude futures by 1622 GMT, 88 cents lower
SINGAPORE, Oct 16 (Reuters) — Asia's diesel markets had a bumpy week, with cash premiums easing back to pre-war levels, as traders assessed the impact of a strategic stock release in the West and sufficient regional supplies here going into November. Spot activity for both October and November shipments in the region w
By Sam Li and Lewis Jackson BEIJING, Oct 16 (Reuters) — Oil prices edged down on Friday morning as investors weighed Middle East risks and possible US steps to ease restrictions on the world’s "shadow fleet" of tankers. Brent crude futures fell 41 cents, or 0.39%, to $105.51 a barrel by 0012 GMT, while US West Texas In
The Trump administration pushed Europe to release diesel stocks as prices in the U.S. surged to record highs in September.
Reuters counted at least 135 drone and missile strikes on 84 Gulf infrastructure sites Experts said damage included equipment critical to operations across industries Iran's precision targeting capacity creates an enduring threat to Gulf neighbors By M.B. Pell, Ryan McNeill and Kaylee Kang LONDON, Oct 15 (Reuters) — Ir
Goldman Sachs estimates Russian diesel shipments scheduled for October and November could reduce wholesale prices by just $1 to $2 per barrel on the U.S. Gulf Coast and in Europe. The proposed 4.8 million metric tons would cover about 10 days of U.S. demand, according to the report.
President Trump said his administration reached an agreement for Russia to supply diesel to the U.S. and global markets and that select sanctions tied to Russian diesel sales will be waived temporarily. The post framed the move as a step to lower fuel prices, while the Treasury said the temporary license runs until Apr
President Trump said the U.S. reached an agreement for Russia to supply diesel fuel and temporarily ease sanctions tied to Russian diesel exports. The Treasury Department said OFAC issued a temporary license allowing Russian diesel on the global market until April.
Oil prices are on track for a weekly gain as escalating attacks in the Middle East keep a geopolitical risk premium in place. The piece says Brent is around $104 a barrel and WTI near $92.
It now costs up to $77 million to hire a large tanker to move crude from the US to Asia, up from less than $10 million last year. Charter rates for oil tankers hit a fresh record, driving a larger wedge between the nominal price of crude futures and what it costs to actually receive barrels. Crude oil exiting the Strai
Brent crude rose 4.1% to $104.28 a barrel and WTI gained 3.6% to $91.49 as traders weighed U.S.-Iran tensions, elevated Persian Gulf shipping risks and Gulf of Mexico production shut-ins ahead of Hurricane Isaias.
Global oil stockpiles have become "scarily thin," Saudi Aramco Chief Executive Officer Amin Nasser said Monday at the Energy Intelligence Forum in London. When the U.S.-Iran war began, the world held about 10 billion barrels of oil stocks, he said. That has fallen to less than 6 billion, and only about 10% of it is pra
Cathie Wood -led investment firm ARK Invest expects oil prices to drop significantly despite uncertainty over the Strait of Hormuz and U.S.-Iran tensions, citing falling demand for oil as transportation transitions to the power grid. Oil Prices Could Drop to $30-$35 Per Barrel in the Future In an investor release by AR
Petrobras Brasileiro (NYSE: PBR ) reported second-quarter financial results on Friday. The transcript from the company's second-quarter earnings call has been provided below. This content is powered APIs. For comprehensive financial data and transcripts, visit Access the full call at Summary Petrobras Brasileiro report