The fuel oil inventory spread between the US Gulf Coast and Japan narrowed to 6.668 million barrels, the tightest spread since January, comparison of recent data shows. BNP Paribas said in its weekly oil inventories report, published ...
Tags: Fuel Oil, US Gulf Coast
The near-term supply shortage of ultra low sulfur diesel in Northwest Europe has forced up the forward curve backwardation to an 11-month high, and prompted the barges and cargo swaps to trade at the narrowest spread since October 2013, ...
Tags: NWE Diesel, ULSD cargoes
Rotterdam diesel barge daily trading volumes have risen to their highest level since October due to planned maintenance at refineries and low physical stocks in Amsterdam-Rotterdam-Antwerp, traders said Friday. A total of 240,000 mt has ...
Tags: Diesel, distillate products, jet fuel
Russia-based leading global iron ore and hot briquetted iron (HBI) producer Metalloinvest has announced the completion of the deal announced on March 19 for a pre-export finance facility (PXF) with a club of international banks in the ...
Tags: Metallurgy, Mineral, Energy, Steel
Natural-gas prices fell 17% since Monday, the largest two-day drop in the market more than six years, as investors continued to take profits from last week's rally. Futures for March delivery settled down 34.9 cents, or 6.4%, at $5.096 a ...
Tags: Natural-Gas, Mineral
Orders for durable goods dropped in December for the first time in five months, the Commerce Department reported. Orders for products meant to last more than three years fell 4.3%, which followed a 2.6% increase in November. The bulk of ...
Tags: durable goods, consumer demand
Former world No. 1 and current TV tennis analyst and Davis Cup Captain Jim Courier will be a featured guest at the inaugural Tennis Industry Association “Future of Tennis Summit,” to be held March 11-12 in Indian Wells, CA, ...
Tags: CBS, Davis Cup, TIA, Grand Slam
Fila has signed an endorsement agreement with top ranked American tennis player Sam Querrey. The multi-year agreement with Querrey continues the legacy of Fila's sponsorship of elite tennis champions. Querrey joins a roster of ATP World ...
Tags: Sporting Goods, Recreation, Tennis
Manufacturing activity in the New York region expanded in January to the highest level in more than a year, the Federal Reserve Bank of New York said Jan. 15. The "Empire State Index," generally the first economic indicator in a given ...
Tags: Transportation
Henkel successfully completed the refinancing and amendment of two credit facilities with a total amount of 1,500 million euros. The transaction includes the replacement of the company's 700 million euros revolving credit facility with a ...
Tags: Henkel, refinancing, credit facilities
Sterling Group Partners III, an affiliated investment fund of The Sterling Group, has acquired ROM and Specialty Manufacturing (SMI), which are owned and independently operated and financed by Century Park Capital Partners. The ...
Tags: Sterling Group, Auto Parts
Faurecia, a French automotive components producer, has received EUR122.5m loan from European Bank for Reconstruction and Development (EBRD) to support its expansion plans. As part of its capital expenditure plan, the company will use this ...
Tags: car, auto, Transportation
The recapture of power generation demand from coal and expectations for an early start to the US heating season could prompt a pre-winter rally for natural gas prices by October, BNP Paribas said Friday. Much of the year-to-date increase ...
Tags: Gas, Metallurgy, Mineral, Energy
The response of Asian and global markets to US liquefied natural gas exports will be much stronger and will happen much sooner than many anticipate, putting strong downward pressure on Asian prices, Rice University fellow Kenneth Medlock ...
Tags: LNG Exports, Chemicals
Gasoline cracks have plunged in the wake of recent data from the US Energy Information Administration showing unseasonably high gasoline inventories across the country, particularly in the East Coast. The NYMEX August RBOB crack spread ...
Tags: Chemicals