Wall Street Breakfast: Iranian Oil Sanctions Gain Chinese Boost
Wall Street Breakfast Editors submit:Top StoriesIranian oil sanctions gain Chinese boost. The international community's sanctions against Iran have received a boost, with China P&I Club becoming the first Chinese insurer to say that it will stop providing indemnity cover to tankers that carry Iranian oil, Reuters reports. This is despite China refusing to take part in the international action. If other insurers from the country follow, the shipping of Iranian oil could halt completely. Shell mulls $10B plant to turn gas to diesel. Shell (RDS.A) is considering building a giant plant in Louisiana that would convert natural gas into diesel fuel, The Wall Street Journal reports. The plant, which could cost more than $10B, would be similar in size to Shell's new gas-to-liquids facility in Qatar, which turns natural gas into enough diesel to fill more than 160,000 cars a day.Top Equities NewsNY Fed considers Maiden Lane sequel. Following improving marketComplete Story »
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