Diesel Fuel News
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Updated 3 hours, 27 minutes ago
This table displays a comparison of soybean prices with the value of soybean oil and soybean meal for products delivered to central Illinois points during the week ended May 24.
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U.S. Midwest gasoline tumbled for a fifth day, reaching the narrowest premium to New York futures in two weeks, on speculation that demand is weakening as regional shortages ease.
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Statoil ASA sold a tanker of Norwegian crude valued at about $63 million to BP Plc on May 9. The deal, along with six others so far this month, wasn’t subject to any oversight by financial authorities, yet would help establish the price for more than half the world’s oil.
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U.S. Gulf Coast gasoline weakened for a fifth day, falling to the lowest level versus futures in six weeks, on speculation that refinery run rates are contributing to a glut.
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The investigation into possible oil- price fixing gathered pace as trading houses from Glencore Xstrata Plc, the $70 billion mining firm, to Gunvor Group Ltd. were asked to provide information to European regulators.
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U.S. Gulf Coast gasoline weakened for a fourth day, falling to the lowest level in almost six weeks, after Phillips 66 completed a restart of its Sweeny, Texas, refinery. Crack spreads widened.
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The European oil price-fixing probe expanded as Neste Oil Oyj, Finland’s only refiner, said it was asked to provide information regarding potential manipulation of global crude and biofuel markets.
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This table displays a comparison of soybean prices with the value of soybean oil and soybean meal for products delivered to central Illinois points during the week ended May 17.
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Gasoline on the U.S. Gulf Coast weakened against futures for a second day after Colonial Pipeline Co. shut a segment of a line linking the region’s refineries to the Northeastern market.
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Statoil ASA Chief Executive Officer Helge Lund said the company, which the European Union is investigating for possible violation of EU competition law, has “zero tolerance” for breaches of the rules.
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