newszine

US praises sanctions for killing Iran’s economy, then blames Tehran for people’s suffering

36 mins ago DieselGasoil Comments Off on US praises sanctions for killing Iran’s economy, then blames Tehran for people’s suffering
The US State Department can’t seem to make up its mind about the cause of Iran’s economic woes, claiming Tehran’s “Marxist economy” is to blame even as it celebrates the devastation US sanctions have wrought on the country. Speaking to reporters in New York on Tuesday, US special envoy for Iran Brian Hook assailed the Read More

Shale bond buyers get picky as more producers default

7 hours ago DieselGasoil Comments Off on Shale bond buyers get picky as more producers default
By Caleb Mutua on 8/20/2019 NEW YORK (Bloomberg) – After years pouring funds into the shale boom, bond buyers are getting increasingly selective as defaults rise and many explorers continue to burn more cash than they make. While Exxon Mobil and Occidental Petroleum have recently sold a combined $20 billion of investment-grade debt, junk rated Read More

Hong Kong billionaire’s Husky bet loses over 80% in a decade

8 hours ago DieselGasoil Comments Off on Hong Kong billionaire’s Husky bet loses over 80% in a decade
By Michael Bellusci on 8/20/2019 TORONTO (Bloomberg) – Hong Kong billionaire Li Ka-shing’s oil sands investment is hurting — and some analysts are calling on him to stop the bleeding. Shares of Calgary-based Husky Energy Inc. have plummeted over 80% since its 2008 peak on a myriad of reasons: a slump in oil prices, a Read More

Asia shares edge up as stimulus hopes temper recession worries

17 hours ago DieselGasoil Comments Off on Asia shares edge up as stimulus hopes temper recession worries
TOKYO (Reuters) – Asian shares rose on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, boosting riskier assets and drawing money from safe-havens such as bonds and gold. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August 6, 2019. REUTERS/Issei Kato Read More

Asian shares nudge higher on stimulus hopes, recession fears ease

21 hours ago DieselGasoil Comments Off on Asian shares nudge higher on stimulus hopes, recession fears ease
TOKYO (Reuters) – Asian shares extended their gains on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, boosting riskier assets and drawing money from safe-havens such as bonds and gold. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August 6, 2019. Read More

Sanchez Energy Receives Court Approval of “First Day” Motions to Support Business Operations

1 day ago DieselGasoil Comments Off on Sanchez Energy Receives Court Approval of “First Day” Motions to Support Business Operations
Obtains Interim Approval to Access up to $50 Million in New Financing Maintains Substantial Liquidity to Continue Safe Operations in the Normal Course HOUSTON, Aug. 19, 2019 (GLOBE NEWSWIRE) — Sanchez Energy Corporation (“Sanchez Energy” or the “Company”) (OTC Pink: SNECQ) today announced that the Company and certain of its subsidiaries have received interim approvals Read More

Oil climbs as Huawei sanctions delay offers sign of trade war truce

1 day ago DieselGasoil Comments Off on Oil climbs as Huawei sanctions delay offers sign of trade war truce
By Alex Nussbaum and Grant Smith on 8/19/2019 NEW YORK (Bloomberg) – Oil climbed as the U.S. delayed sanctions against Huawei Technologies, offering a hint of progress in its trade war with China, and a drone attack in Saudi Arabia highlighted simmering Middle East tensions. Futures jumped 2.4% to top $56/bbl in New York on Read More

Tourists who took sand from Sardinian beach face jail

1 day ago DieselGasoil Comments Off on Tourists who took sand from Sardinian beach face jail
Two French tourists could be jailed after being caught with sand allegedly stolen from a Sardinian beach. The white sand was taken from the beach of Chia, in the island’s south, and was crammed into 14 plastic bottles. The bottles were found by police in the boot of the tourists’ vehicle as they prepared to Read More

Total says it’s committed to $23 billion Mozambique LNG project

2 days ago DieselGasoil Comments Off on Total says it’s committed to $23 billion Mozambique LNG project
By Borges Nhamire and Matthew Hill on 8/19/2019 MAPUTO (Bloomberg) – Total is committed to developing the Mozambique natural gas project that it will take over from Anadarko Petroleum as part of its expansion in Africa, the company said. The project, to cost as much as $23 billion to develop, will be Africa’s biggest single Read More