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Moscow’s pick of new envoy to conflict-ridden CAR is ‘good choice’ – ex-diplomat to RT

3 days ago DieselGasoil Comments Off on Moscow’s pick of new envoy to conflict-ridden CAR is ‘good choice’ – ex-diplomat to RT
Moscow has assigned a new envoy to the Central African Republic (CAR) as the country faces fresh internal conflicts. However, appointing a new ambassador is nothing out of the ordinary, a veteran diplomat told RT. Vladimir Titorenko was appointed ambassador to CAR on Tuesday. He replaced Sergei Lobanov, who had been Moscow’s envoy since 2011. Read More

Afghan serial offender deported from Germany & flown back… to Germany – media

1 week ago DieselGasoil Comments Off on Afghan serial offender deported from Germany & flown back… to Germany – media
An Afghan man, who has 23 offenses in his criminal record in Germany, reportedly spent only a few hours on board a deportation flight to Kabul, but was sent back to Germany right after landing in Afghanistan. The male in question, identified as Mortaza D., was subject to deportation from Germany after being convicted for Read More

Crude spirals to 18-month low amid global economic concerns

4 weeks ago DieselGasoil Comments Off on Crude spirals to 18-month low amid global economic concerns
By Jessica Summers on 12/25/2018 Photo: Permian Basin pump jack. NEW YORK (Bloomberg) — Crude fell to the lowest level in a year and a half as concerns over the global economy and turbulence in Washington overshadowed signals from OPEC that it may deepen output cuts. Futures slid 6.7% in a shortened Christmas Eve session Read More

Crude spirals to 17-month low amid global economic concerns

4 weeks ago DieselGasoil Comments Off on Crude spirals to 17-month low amid global economic concerns
By Jessica Summers on 12/24/2018 NEW YORK (Bloomberg) — Crude dropped to the lowest since July 2017 as concerns over a weaker global economy and turbulence in Washington overshadowed signals from OPEC that it may deepen output cuts. Futures declined as much as 3.3% in New York as U.S. stocks tumbled to the lowest in Read More

As oil prices plunge, OPEC output is at risk from social unrest

1 month ago DieselGasoil Comments Off on As oil prices plunge, OPEC output is at risk from social unrest
By Javier Blas on 12/20/2018 LONDON (Bloomberg) — Oil’s plunge has taken prices below the level all but one OPEC country needs to square their 2019 budgets, increasing the risk of supply disruptions from economic dislocation and social unrest. At today’s Brent price of $55/bbl, only uber-wealthy and sparsely populated Kuwait will be able to Read More

South Korea stopped importing condensate from Iran before receiving sanctions waivers

1 month ago DieselGasoil Comments Off on South Korea stopped importing condensate from Iran before receiving sanctions waivers
December 13, 2018 Source: U.S. Energy Information Administration, based on ClipperData, LLC South Korea, the world’s leading importer of condensates, has sought alternatives to partially offset declines in imports of Iranian condensates during the past few months, particularly in light of U.S. sanctions on Iranian exports of crude oil and condensate. South Korea purchased close Read More

ADES has acquired Weatherford's Saudi Arabia drilling operations

2 months ago DieselGasoil Comments Off on ADES has acquired Weatherford's Saudi Arabia drilling operations
12/3/2018 LONDON and DUBAI — ADES International Holding Ltd., oil & gas drilling and production services provider in the Middle East and North Africa, has completed the acquisition of eleven onshore rigs from Weatherford International plc. in Saudi Arabia. The transaction forms part of the previously signed definitive agreement with a subsidiary of Weatherford to Read More

Pressure mounts to bury carbon emissions, but who will pay?

2 months ago DieselGasoil Comments Off on Pressure mounts to bury carbon emissions, but who will pay?
LONDON (Reuters) – When countries gather on Sunday to hammer out how they will enact pledges to cut carbon emissions, a Norwegian-led oil consortium will offer a solution: pump some of your excess carbon dioxide to us and we could store it for you. Smoke and steam billows from Belchatow Power Station, Europe’s largest coal-fired Read More