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Crude oil futures slip on Saudi reassurance, bearish US stock data

2 hours ago DieselGasoil Comments Off on Crude oil futures slip on Saudi reassurance, bearish US stock data
Singapore — Crude oil futures were marginally lower during mid-morning trade in Asia Wednesday following reassurances by Saudi Arabia that it would be able to resume production in two weeks and after the release of bearish US data on last week’s oil stocks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Costly Saudi defenses prove no match for drones, cruise missiles

2 hours ago DieselGasoil Comments Off on Costly Saudi defenses prove no match for drones, cruise missiles
RIYADH/DUBAI (Reuters) – Billions of dollars spent by Saudi Arabia on cutting edge Western military hardware mainly designed to deter high altitude attacks has proved no match for low-cost drones and cruise missiles used in a strike that crippled its giant oil industry. Smoke is seen following a fire at Aramco facility in the eastern Read More

Israeli election suspense: Even if Netanyahu beats Gantz, forming coalition would be challenging

3 hours ago DieselGasoil Comments Off on Israeli election suspense: Even if Netanyahu beats Gantz, forming coalition would be challenging
Israeli PM Benjamin Netanyahu is yet to see if his promises of annexing more land and undermining the Israeli-Palestinian peace process, were enough to attract enough votes to continue a decade in power. Challenging him for the premiership is another Benjamin, retired General ‘Benny’ Gantz who formed a new political bloc called Kahol Lavan (Blue Read More

Explainer: Why Asia’s biggest economies are backing hydrogen fuel cell cars

4 hours ago DieselGasoil Comments Off on Explainer: Why Asia’s biggest economies are backing hydrogen fuel cell cars
TOKYO (Reuters) – China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars. FILE PHOTO: An Air Liquide hydrogen station for hydrogen fuel cell cars is seen in Paris, France, October 13, 2016. Read More

Toyota banks on Olympic halo for the humble bus to keep hydrogen dream alive

5 hours ago DieselGasoil Comments Off on Toyota banks on Olympic halo for the humble bus to keep hydrogen dream alive
TOKYO (Reuters) – Buses may not be the most glamorous mode of transport but at the 2020 Tokyo Olympic games, they will represent Toyota Motor Corp’s (7203.T) best bet for wider acceptance of hydrogen power – technology so far eclipsed by electric vehicles. FILE PHOTO: Toyota Motor Corp. displays the company’s fuel cell bus Sora Read More

FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies

6 hours ago DieselGasoil Comments Off on FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies
London — Oil prices fell Tuesday, giving back more than half of Monday’s surge, after Saudi energy minister Prince Abdulaziz bin Salman said he expects most of the country’s lost crude production to be restored within two weeks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The fast recovery Read More

Saudi oil attacks came from southwest Iran, U.S. official says, raising tensions

7 hours ago DieselGasoil Comments Off on Saudi oil attacks came from southwest Iran, U.S. official says, raising tensions
WASHINGTON/DUBAI (Reuters) – The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a U.S. official told Reuters on Tuesday, an assessment that further increases tension in the Middle East. Three officials, speaking to Reuters on condition of anonymity, said the attacks involved both cruise missiles and Read More

U.S. worker, food-safety advocates sound alarm over new hog slaughter rules

8 hours ago DieselGasoil Comments Off on U.S. worker, food-safety advocates sound alarm over new hog slaughter rules
CHICAGO (Reuters) – U.S. food safety and the health of plant workers will be at risk from new federal rules that allow meat companies to slaughter hogs as fast as they want and shift the role of government inspectors, food and environmental advocates said on Tuesday. FILE PHOTO: Workers cut pork at a slaughterhouse in Read More

Saudi Arabia to restore 11 million b/d production capacity within two weeks: energy minister

8 hours ago DieselGasoil Comments Off on Saudi Arabia to restore 11 million b/d production capacity within two weeks: energy minister
Highlights Abqaiq is processing some 2 million b/d Oil prices fall after Saudi attack update Aramco IPO plan still set for next 12 months London — Saudi Arabia expects to restore most of the crude production affected by attacks on two of its key oil facilities within two weeks, the country’s energy minister said Tuesday, Read More