If other producers can follow suit in the next couple of months, it's possible that any tightness caused by the impact of the hurricane can simply be extended, leading to a sustained price rally. Parts of the refinery were flooded after more than a foot of rain. "Refineries in Asia should run much harder to make up for (US closures), which is supportive for Brent", said Olivier Jakob, managing director of oil analysis firm PetroMatrix.
With so many refineries shutting down, the demand for crude oil has slipped as well, and a glut of supply from the shale oil industry is also offsetting the storm's effect on prices. DOE's release includes dumping 200,000 barrels of sweet crude and 300,000 barrels of sour crude oil - sweet crude contains less sulfur than sour. Peak flooding is not expected until Wednesday or Thursday, jeopardizing the reopening of refineries.
Investors rediscovered a taste for the dollar and Asian shares on Thursday as upbeat Chinese and USA economic news whetted appetite for riskier assets globally, even as tensions over North Korea simmered in the background. It would also help in alleviating the deflationary impact of a 14% rise in the currency since the beginning of the year. The region's unemployment rate, meanwhile, was unchanged at 9.1% in July, the latest available data point, which marks the lowest level since February 2009.
Jefferies reinitiated AK Steel Holding Corporation (NYSE:AKS) on Wednesday, January 13 with "Hold" rating . Sei Investments Co. now owns 673,502 shares of the basic materials company's stock worth $4,424,000 after buying an additional 244,425 shares in the last quarter.
The Caixin readings followed a similarly stronger-than-expected official manufacturing survey on Thursday, though the official reading had shown a softening in export orders for Chinese goods. Futures prices for steel reinforcing bars used in construction have risen around 11 percent so far this month and 51 percent this year. The stronger pulse in China's industrial heartland has flowed through to commodity prices.
BJP chief Amit Shah has held several meetings over the past few days and today met with eight ministers though Union minister Nirmala Sitharaman said the agenda was only the Gujarat polls later this year. "Detailed discussions were held over the Gujarat polls". The party has set a target of winning 150 seats in the 182-member Assembly. With the BJP chief appointing Union Minister of state for human resources development Mahendra Nath Pandey as the party unit chief for Uttar Pradesh, the ...
Looks like Wells isn't the only one not especially good at estimating the size of the catastrophe; even those with a decided interest in getting the biggest possible number out there couldn't quite comprehend the extent of the thing. "We're very comfortable that the amount of the Jabbari settlement is more than sufficient to address the needs of our current and former customers", Sloan said on the call.
Beta is also an important valuation ratio for analyzing the stock of the company, DG has its industry and Sector's beta remains at 0.88 and 0.8 respectively. During the same period in the prior year, the company posted $1.03 EPS. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law.
Still, with no challenger in sight and a party wary of a leadership fight, the 60-year-old prime minister is probably safe for now. United Kingdom foreign secretary Boris Johnson, among the candidates in line to step in as the prime minister, continued to back May.
He added that higher prices "could linger for several weeks or longer, depending on how long it takes Texas refiners to return to normal operations". AAA officials say that in spite of the havoc wreaked on Gulf Coast oil refineries by Hurricane Harvey , gas prices in the Northeast have remained relatively stable since Friday.
Harvey is now moving back toward southeastern Texas and southwestern Louisiana, bringing six to 12 additional inches of rainfall with it, according to the National Weather Service. Benchmark US gasoline prices and margins surged anew in overnight trading Thursday. Because of the unique nature of the storm, which looks to be a landmark event in the history of USA natural disasters, a majority of refining capacity between Corpus Christi and Houston are offline.
Figures released yesterday from the US Energy Information Service showed stockpiles had fallen by 5.4 million barrels last week. International Brent crude futures were down 7 cents at $51.82 a barrel, having traded as high as $52.19 and as low as $51.36 earlier in the day.
China's invitation to the five countries has been supported by the leaders of the four other countries including India , Wang said. Bilateral trade volume between China and India also rose by 21.5 percent year-on-year to $47.52 billion between January and July this year, customs data show.
On the second day of her trip to Japan , May held official talks with her counterpart Shinzo Abe , but media coverage has zoomed into the question of her longevity as prime minister. "The likes of Liam Fox were promising a new dawn of improved trade deals but this clearly shows that even the government now recognises that the best possible deal we can get with one of the world's largest economies is the deal negotiated by the European Union", he said.
Most questionable was Mr Modi's decision to withdraw 86% of the country's bank notes at short notice last November-a move that hit spending and consumer confidence, particularly among rural Indians. The government admitted as much, after having announced the policy. This is in sharp contrast to its past record of being substantially independent as brought out by Shri Y.V.
It's a concept and the folks at Smart have had the freedom to experiment with it a bit which is why you see a complete overhaul of the ForTwo electric drive which is now available in Europe and make it future ready. "The Vision EQ Fortwo is a radical approach", says Mercedes-Benz's chief design officer, Gorden Wagener. "It has the hallmark smart proportions with accentuated wheel-arches and no overhangs as well as the next level of communication and personalisation".
Police are keeping close watch over the site and say there "is now no danger". "Due to the large size of the bomb , extensive evacuation measures must be taken", police told reporters. More than 50,000 people had to be evacuated on Christmas Day, and until now, that was the largest evacuation in the post-war period. While the finding was undoubtedly shocking, unexploded bombs are regularly found in Germany more than 70 years after the end of the war.
Shraddha Kapoor is now gearing up for her upcoming movie " Haseena Parkar ", which is directed by Apoorva Lakhia and produced by Nahid Khan. Apoorva thinks Haseena had a tragic life and that hardened her. The upcoming Bollywood Biographical crime movie, Haseena Parkar , has come with its song "Tere Bin". We went to the same school. I feel both these films are of two different genres and we both spoke about it and there is no problem.
The Western Digital consortium is offering about 2 trillion yen, less than the original Bain bid, a person familiar with the matter has said. A third consortium includes Western Digital , Toshiba's US-based chip factory partner, which has tried to block any sale to a third-party in court.
After seeing such awful conditions in Mumbai , the Prime Minister, Mr Narendra Modi tweeted and said that he has spoken to the Chief Minister, Devendra Fadnavis and assured all possible support whenever necessary. Metro rail services have started functioning normally between Andheri and Ghatkopar, news agencies reported . The train commuters had harrowing experiences in CR, WR and Harbor Line because they were running late due to flooded tracks.