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International worries as China's consumption and economy slows

13 mins ago DieselGasoil Comments Off on International worries as China's consumption and economy slows
Picture China’s economy and you might be thinking of massive factories, gigantic airports or train stations built from scratch in 24 hours. For another view, you could follow Xu Liqiang as he threads the streets of Beijing in a beaten-up tuk-tuk (motorised rickshaw). Xu is 21 years old and a “kuaidi” (express delivery) driver. Each Read More

Oil dips as China's economy slows but OPEC-led cuts support

49 mins ago DieselGasoil Comments Off on Oil dips as China's economy slows but OPEC-led cuts support
SINGAPORE (Reuters) – Oil prices dipped on Monday as China reported its weakest annual economic growth in 28 years, although oil prices remain relatively well supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC). FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan Read More

API has projected continued growth of U.S. energy as the world leader verified by fourth-quarter natural gas, oil data

50 mins ago DieselGasoil Comments Off on API has projected continued growth of U.S. energy as the world leader verified by fourth-quarter natural gas, oil data
1/20/2019 Photo: BP Gulf of Mexico. WASHINGTON — Estimated total natural gas and oil well completions rose 23% in the fourth quarter of 2018 compared to year-ago levels, according to API’s 2018 Quarterly Well Completion Report, Fourth Quarter. “The data for the fourth quarter report confirm the rise in natural gas and oil well completions Read More

Berkshire denies media report on accord to extract lithium

50 mins ago DieselGasoil Comments Off on Berkshire denies media report on accord to extract lithium
FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, plays bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo (Reuters) – A unit of Berkshire Hathaway Inc denied a report on Sunday that it reached an agreement to allow extraction of lithium from its geothermal Read More

Israel launches new barrage against 'Iranian' targets in Syria, warns against retaliation

1 hour ago DieselGasoil Comments Off on Israel launches new barrage against 'Iranian' targets in Syria, warns against retaliation
Syrian air defense systems have repelled an attack in the skies over Damascus, state news agency SANA has reported. The Israeli army said it was attacking “Iranian Quds” forces and warned the Syrian military not to retaliate. A military source cited by SANA said that Syrian air defenses intercepted most of the Israeli missiles before Read More

Oil dips on weak economic outlook, but OPEC-led cuts support

2 hours ago DieselGasoil Comments Off on Oil dips on weak economic outlook, but OPEC-led cuts support
SINGAPORE (Reuters) – Oil prices dipped on Monday, weighed down by expectations that China will report its weakest economic growth in almost three decades amid waning domestic demand and painful U.S. tariffs. FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. Read More

Canadian oil surge fails to lift producers out of the doldrums

2 hours ago DieselGasoil Comments Off on Canadian oil surge fails to lift producers out of the doldrums
By Kevin Orland on 1/20/2019 Photo: Whitecap Resources. CALGARY (Bloomberg) — Alberta’s crude curtailment plan has caused a dramatic rise in the price of heavy Canadian oil. But for shares of energy companies, it hasn’t been as much of a help. Since the production curtailment was unveiled early last month, Western Canadian Select crude has Read More

Saipem has been awarded two new offshore contracts from Saudi Aramco for $1.3 billion

2 hours ago DieselGasoil Comments Off on Saipem has been awarded two new offshore contracts from Saudi Aramco for $1.3 billion
1/20/2019 Saipem 7000. Photo by Alf van Beem. MILANO, Italy — Saipem has been awarded two EPIC contracts (Engineering, Procurement, Installation, Construction) assigned by the client Saudi Aramco for a total amount of approximately $1.3 billion as part of the Long Term Agreement for offshore activities in Saudi Arabia, renewed in 2015 and in force Read More

Detained ex-Nissan chairman Ghosn offers stock, passports for bail

2 hours ago DieselGasoil Comments Off on Detained ex-Nissan chairman Ghosn offers stock, passports for bail
(Reuters) – Ousted Nissan Motor Co (7201.T) chairman Carlos Ghosn has offered to post stock he owns in the automaker as collateral, surrender his passports and submit to electronic tracking as part of a renewed effort to persuade a Tokyo court to grant him bail while he awaits trial on charges of financial misconduct, a Read More

Crackdown on Zimbabwe protesters 'a taste of things to come'

2 hours ago DieselGasoil Comments Off on Crackdown on Zimbabwe protesters 'a taste of things to come'
Zimbabwe’s president has cut short his overseas trip after a deadly crackdown on protesters in the African country – which his government has called “just a foretaste of things to come”. Emmerson Mnangagwa had been under growing pressure to end his two-week trip abroad – during which he met Russian President Vladimir Putin in Moscow Read More