Latest news with #Crude
Extra.ie
19-05-2025
- Entertainment
- Extra.ie
David Keenan announces Dublin and London shows: 'This is the start of a new chapter'
He will play the Ambassador Theatre on July 12. David Keenan has announced a series of gigs for next July, including a show in London's Bush Hall on July 10 and Dublin's Ambassador Theatre on July 12. Announcing the dates on Instagram, the Dundalk-born artist teased that this is the start of a new chapter, and that there were more announcements to come this week. Most recently, Keenan was announced as the composer for upcoming crime drama Salvable, starring Shia LaBeouf and Toby Kebbell. View this post on Instagram A post shared by David Keenan (@davidkeenanmuso) Keenan launched his debut album, A Beginner's Guide to Bravery, in 2020, which reached number one on the Irish Independent Albums charts. News of his fourth album, the follow-up to 2022's Crude, is expected later this year. Earlier this year, the musician also premiered Focla ar Chanbhs, a documentary which follows him through the creative process across 500 days. It made appearances at Craicfest (NYC), LA Irish Film Festival & Solas Nua (DC), while its European premiere will take place at Krakow Film Festival this month Tickets for David Keenans London and Dublin dates go on sale this Friday, May 23, here.
Yahoo
01-04-2025
- Business
- Yahoo
Oil futures little changed despite API reporting jump in crude stockpiles
-- U.S. crude oil futures were roughly unchanged from post-settlement levels Tuesday despite the American Petroleum Institute reporting a large jump in weekly domestic crude stockpiles. Crude Oil WTI Futures, the U.S. benchmark, recently traded at $71.18 a barrel following the report after settling down 0.4% at $71.20 a barrel. U.S. crude inventories increased by 6.0M barrels for the week ended Mar. 28, compared with a draw of 4.6M barrels reported by the API for the previous week. Economists were expecting a build of just 1.2M barrels. Gasoline stockpiles decreased by about 1.6M barrels, while distillate inventories -- the class of fuels that includes diesel and heating oil -- fell by 11,000 barrels. The official government inventory report is due Wednesday at 10:30 a.m. ET (1530 GMT). Related articles HSBC maintains Mediobanca at 'hold' with a price target of EUR11.60 Zerospo Announces 3.75M Share IPO at $4-$5/sh Digital World Acquisition Corp Receives Expected Nasdaq Notification Regarding Delayed Quarterly Report Sign in to access your portfolio
Al Arabiya
21-03-2025
- Business
- Al Arabiya
New US sanctions to slow but not stop China's Iranian oil imports, traders say
Iranian oil shipments into China are set to fall in the near-term after new US sanctions on a refiner and tankers, driving up shipping costs, but traders said they expect buyers to find workarounds to keep at least some volumes flowing. Washington on Thursday imposed new sanctions on entities including Shouguang Luqing Petrochemical, a 'teapot,' or independent refinery in east China's Shandong province, and vessels that supplied oil to such plants in China, the top buyers of Iranian crude. It was the fourth round of sanctions on Iran's oil sales since President Donald Trump's February call for 'maximum pressure' on Tehran, including efforts to drive its crude exports to zero. Iranian oil flows to China had already dropped due to rising freight costs as earlier sanctions hit shipping capacity, said traders, including three directly involved in the business. A Chinese trading executive involved in Iranian oil business said the latest sanctions did not come as a surprise and expects that more plants or terminals could be targeted. 'But once companies re-adjust their business structures, imports would continue,' said the executive, referring to measures such as changing entities for oil payments. Still, imports may be curbed as the sanctions give larger private refiners pause, said a second Chinese trader. Freight costs for a Very Large Crude Carrier, or VLCC, sailing from waters near Malaysia, a key transshipment point for Iranian oil, to China's refining hub Shandong have more than doubled since late 2024 to $3-$4 per barrel, the first executive added. China's Iranian oil imports recovered in February to 1.43 million bpd, from 898,000 bpd in January, data from analytics firm Kpler showed. About 33 million barrels have been delivered this month, with volumes forecast to reach 1.7 million bpd before the latest sanctions, senior Kpler analyst Muyu Xu said, adding that discharge volumes for the rest of March could decline sharply due to the sanctions. Most Iranian oil shipments to China, which make up over 10% of its crude imports, are rebranded by traders as sourced from Malaysia. 'This marks a clear escalation in sanctions policy, though not as severe as if a Chinese port had been designated,' said Brian Leisen, commodities strategist at RBC Capital. 'Indiscriminate and illegal' China, which defends its trade with Iran as legitimate, on Friday reiterated its opposition to 'indiscriminate and illegal' unilateral sanctions and pledged to protect the rights of Chinese enterprises, which one trader said buyers would take comfort from. Luqing, which operates a 160,000 bpd refinery, is among the larger regular buyers of discounted Iranian oil, according to traders. It is the second teapot sanctioned by the U.S. after Haiyou Petrochemical was designated in 2022. A person answering the phone at Luqing did not have immediate comment on Friday. The company did not immediately respond to an email seeking comment. Oil from Iran, Venezuela and Russia shunned by many Western buyers has saved Chinese refineries billions of dollars in recent years as flagging economic growth and stagnant fuel demand depress margins. One trader dealing in Iranian oil said a teapot operator seemed unfazed by Thursday's announcement. 'Our regular client appeared nonchalant when I shared the sanction document translated into Chinese late last night and carried on asking for the latest Iranian oil quotes,' the trader said.
