09302016Fri
Last update: Fri, 30 Sep 2016 11pm

Americas

Markets - Energy - Americas

Gasoline shipments to US East Coast jump after Colonial leak NEW YORK: Gasoline shipments via sea into the east coast of the United States rose by about 58 percent in the past week, data from Panjiva shows, as Colonial Pipeline attempts to restart its main gasoline line completely after a leak. Shipments rose by 57.9 percent and volumes rose by 22.9 percent between September 9 and 15th compared with the previous three weeks, according to data from Panjiva, a trade data company which tracks imports and exports. Sources have said Colonial shippers began booking vessels to transport fuel as the gasoline Line 1, the main artery that connects the US Gulf Coast and the East Coast has been partially shut down for about 10 days following a 6,000-8,000 barrel leak in Alabama. About half of the 10 gasoline shipments during the period were from the Gulf Coast, according to the data. Shipments of ultra-low sulfur diesel (ULSD) have not yet ...

Markets - Energy - Americas

Oil rebounds from 6-week low on OPEC speculation; gasoline tumbles NEW YORK: Oil prices recovered on Tuesday from six-week lows, with US crude rising as much as 1 percent, as the market weighed up OPEC comments that a possible production freeze agreement could last longer than expected. US gasoline futures tumbled 4 percent after Colonial Pipeline Co said it expects to restart its main 1.3 million barrel per day gasoline line on Wednesday after being shut for more than a week to fix the biggest ...

Markets - Energy - Americas

Petrobras cuts spending, raises asset sales goal in five-year plan RIO DE JANEIRO/SAO PAULO: Brazil's state-controlled oil company Petrobras cut planned investment by 25 percent under a five-year plan to reduce its massive debt, the largest among global oil firms, and revive investor confidence after a sweeping corruption scandal. Petr?leo Brasileiro SA,, as the company is formally known, pledged as much as $74.1 billion in capital spending for the 2017-2021 period, according to a Tuesday securities filing.The total of planned investments, which is Petrobras' smallest ...

Markets - Energy - Americas

Oil edges higher on hopes for output deal NEW YORK: World oil prices rose slightly Monday on supply concerns in Libya and Nigeria, and after OPEC member Venezuela indicated a deal to limit output was close.In New York trade, US benchmark West Texas Intermediate for October added 27 cents over Friday's close to $43.30 a barrel.In London, Brent North Sea crude for delivery in November won 22 cents to reach $45.95 a barrel.Libya's effort to sharply boost exports was in question again after ...

Markets - Energy - Americas

Colombia's Cartagena refinery offers naphtha, gasoline for sale HOUSTON: Colombia's Cartagena refinery is offering a cargo combining 190,000-200,000 barrels of virgin naphtha and 98,000-100,000 barrels of gasoline for delivery from Sep. 29 to Oct. 3 at Mamonal port, according to a document seen by Reuters on Monday. The refinery, operated by state-run Ecopetrol, regularly sells virgin naphtha cargoes on the open market, but offers to export gasoline are rare. Bids for this tender will be accepted until Sep. 21, indexed to RBOB gasoline ...

Markets - Energy - Americas

Venezuela's PDVSA bonds fall after swap proposal unveiled CARACAS: Venezuelan state oil company PDVSA's bonds fell on Monday, in what could signal initial market disappointment over the borrower's $7.1 billion debt swap offer. Under the exchange proposal unveiled on Friday evening, the new 2020 bond carries a 8.5 percent coupon and would replace bonds maturing in November 2017 and April 2017 .An incentive for investors is that the new bond's coupon is higher than the April 2107 bond's 5.25 percent coupon though equal ...

Markets - Energy - Americas

Oil rebounds on producer deal speculation; gasoline falls NEW YORK: Oil prices rose 1 percent on Monday after Venezuela hinted that OPEC members and other major oil producers could agree to a deal to freeze output, and as clashes in Libya disrupted attempts to restart crude exports from key ports.US gasoline futures fell on profit-taking from last week's rally on the outage of a key gasoline pipeline due to a leak. Oil was also supported by higher equity prices on Wall Street and ...