Los Angeles wholesale gasoline hits new high on refinery outages

Los Angeles wholesale gasoline hits new high on refinery outages

HOUSTON, Sept 28 (Reuters) – Wholesale October gasoline sold in the Los Angeles market at $2.50 a gallon over NYMEX November RBOB gasoline futures on Wednesday, a high previously unseen in the West Coast refined products markets on tight supply because of refinery outages, traders said. The price for wholesale CARBOB gasoline, which stands for … Read more

Oil up 2% from multi-month low on U.S. Gulf output cuts, supply outlook

Oil up 2% from multi-month low on U.S. Gulf output cuts, supply outlook

BP, Chevron cut offshore oil production ahead of Hurricane Ian Iraq says OPEC monitoring prices, seeks market balance Coming up: API supply report at 4:30 p.m. EDT, 2030 GMT NEW YORK, Sept 27 (Reuters) – Oil rose more than $1 a barrel on Tuesday from a nine-month low a day earlier, supported by supply curbs … Read more

Germany takes control of Russian-owned refinery amid energy crisis

Germany takes control of Russian-owned refinery amid energy crisis

Register now for FREE unlimited access to Reuters.com Register German energy industry reeling since war in Ukraine German regulator now has control of Schwedt refinery Schwedt refinery is a main fuel source for Berlin PKN interested in controlling stake in refinery – sources BERLIN, Sept 16 (Reuters) – Germany took control of a major Russian-owned … Read more

S.Korea braces for ‘very strong’ typhoon, businesses curb operations

S.Korea braces for ‘very strong’ typhoon, businesses curb operations

A woman makes her way in strong winds brought by Typhoon Hinnamnor in Naha, Okinawa prefecture, Japan, in this photo taken by Kyodo on September 4, 2022. Mandatory credit Kyodo/via REUTERS Register now for FREE unlimited access to Reuters.com Register SEOUL, Sept 5 (Reuters) – Typhoon Hinnamnor neared South Korea on Monday, forcing flight cancellations, … Read more

Indian billionaire Adani seeks to control NDTV; media group says move without consent

Indian billionaire Adani seeks to control NDTV; media group says move without consent

India’s richest man, Adani, seeks to expand media business NDTV says Adani unit moved without its consent Adani takeover may not be friendly -legal expert Deal to buy NDTV could heat up competition among billionaires BENGALURU, Aug 23 (Reuters) – Indian billionaire Gautam Adani’s conglomerate on Tuesday said it seeks to control a majority stake … Read more

Europe braces for more cuts in Russian oil and gas exports

Europe braces for more cuts in Russian oil and gas exports

An interior view shows a new pumping station of the Caspian Pipeline Consortium (CPC) near the city of Atyrau, Kazakhstan October 12, 2017. REUTERS/Mariya Gordeyeva Register now for FREE unlimited access to Reuters.com Register CPC says two of three mooring points (SPM) suspended One SPM can handle less than 70% of terminal capacity – sources … Read more

NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, U.S. June 14, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals Beijing … Read more

Five Chinese state-owned companies to delist from NYSE amid U.S. tensions

Five Chinese state-owned companies to delist from NYSE amid U.S. tensions

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange, amid economic and diplomatic tensions with the United States. The companies, which also include Aluminium Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and … Read more

U.S. gasoline prices fall below $4 for first time since March

U.S. gasoline prices fall below  for first time since March

Gasoline demand has waned in the summer Lower-income households spending less as prices dip U.S. retail price hit a record in June Aug 11 (Reuters) – The average price of U.S. retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world’s largest … Read more

Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway posts massive .8 billion loss; operating results improve

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan//File Photo Register now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – The slide in U.S. stock prices … Read more