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Crude treads water as market looks to G-20 for direction

2 hours ago DieselGasoil Comments Off on Crude treads water as market looks to G-20 for direction
New York — Crude futures finished Tuesday’s session mixed as the market treaded water ahead of the G-20 summit beginning later this week in Osaka, Japan. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now ICE August Brent settled up 19 cents at $65.05/b while NYMEX August WTI fell 7 Read More

Gold soars to six-year high, stocks slide after Powell speech

3 hours ago DieselGasoil Comments Off on Gold soars to six-year high, stocks slide after Powell speech
NEW YORK (Reuters) – Gold soared to an almost six-year high on Tuesday on escalating U.S.-Iran tensions, while equity markets slid on disappointing economic data and uncertainty that the Federal Reserve will cut interest rates in July as has been expected. FILE PHOTO: Traders work on the main trading floor after the opening bell at Read More

Latest US tariff threat would hurt US oil, gas output: API

3 hours ago DieselGasoil Comments Off on Latest US tariff threat would hurt US oil, gas output: API
Highlights US depends on China for key drilling fluid component API says US energy security at stake in trade dispute US Q1 crude flows to China shrink to 6,991 b/d Washington — The latest US tariffs threatened against Chinese imports would hamper US energy exports, hurt domestic energy security, and push China to import more Read More

PG&E bondholders propose bankruptcy exit plan worth up to $30 billion

5 hours ago DieselGasoil Comments Off on PG&E bondholders propose bankruptcy exit plan worth up to $30 billion
SAN FRANCISCO (Reuters) – A committee of bondholders of PG&E Corp’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires. FILE PHOTO: A PG&E truck carrying an American Flag drives past Read More

Goad, threaten, backtrack: Trump & Bolton’s Iran policy is confusing, dangerous & achieves NOTHING

6 hours ago DieselGasoil Comments Off on Goad, threaten, backtrack: Trump & Bolton’s Iran policy is confusing, dangerous & achieves NOTHING
Washington’s fuzzy and high-drama “maximum pressure” approach to Iran has no realistic endgame – but is good for making the world a more unstable place for both America’s adversaries and allies. National Security Advisor John Bolton’s Tuesday claim that US diplomats are “surging” across the Middle East in search of a “path to peace” only Read More

Trump threatens ‘obliteration’ if Iran attacks ‘anything American’

6 hours ago DieselGasoil Comments Off on Trump threatens ‘obliteration’ if Iran attacks ‘anything American’
By Tom Gillespie and David Mercer, news reporters Donald Trump has warned Iran that an attack on “anything American” will be met with “great and overwhelming force”, with parts of the country facing “obliteration”. The US leader issued the threat as he criticised “ignorant and insulting” remarks by Iran’s president, who had earlier mocked Mr Read More

Nokia not immune to impact of trade war uncertainty, says its China president

7 hours ago DieselGasoil Comments Off on Nokia not immune to impact of trade war uncertainty, says its China president
CALGARY, Alberta, June 25, 2019 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (AIM & TSX: “TGL” & NASDAQ: “TGA”) announces that it was notified on June 21, 2019 that on the same day Randy Neely, President and CEO and Edward Ok, Vice President and Chief Fina Marseilles, June 24, 2019   Read More

Why oil’s outlook could be even bleaker than expected

8 hours ago DieselGasoil Comments Off on Why oil’s outlook could be even bleaker than expected
By Bloomberg News on 6/25/2019 SINGAPORE and BEIJING (Bloomberg) — As storm clouds gather over the world’s top oil-consuming region, OPEC and its allies would be advised to pay close attention as they prepare to make a key decision on output curbs early next month. While the Saudi Arabian-led efforts to restrain supply amid surging Read More

Trump threatens Iran with ‘OBLITERATION’ by ‘overwhelming force’ if it attacks ‘anything American’

8 hours ago DieselGasoil Comments Off on Trump threatens Iran with ‘OBLITERATION’ by ‘overwhelming force’ if it attacks ‘anything American’
Published time: 25 Jun, 2019 14:56 Edited time: 25 Jun, 2019 14:57 DETAILS TO FOLLOW ….Iran’s very ignorant and insulting statement, put out today, only shows that they do not understand reality. Any attack by Iran on anything American will be met with great and overwhelming force. In some areas, overwhelming will mean obliteration. No Read More

Huawei dominates global race to 5G despite pressure from Washington

8 hours ago DieselGasoil Comments Off on Huawei dominates global race to 5G despite pressure from Washington
Chinese telecom giant Huawei has secured 50 5G contracts outside the domestic market, according to the company’s senior executive Ding Yun. That’s an almost 50 percent gain from the number of contracts reported in February, the executive told a summit on Tuesday ahead of the launch of MWC19 Shanghai (the largest industry annual event in Read More