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Oil prices remain ‘very fragile’ amid supply and demand concerns: Vitol

34 mins ago DieselGasoil Comments Off on Oil prices remain ‘very fragile’ amid supply and demand concerns: Vitol
Crude oil prices remain fragile because they are caught between supply and demand uncertainties arising from the political climate in the Middle East and the US-China trade dispute, Vitol Group CEO Russell Hardy said at the Asia Oil & Gas Conference on Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

VivoPower International PLC Announces US Solar Portfolio Sale Update and Major Contract Wins in Australian Solar and Data Centers Resulting in Record Forward Order Book

4 hours ago DieselGasoil Comments Off on VivoPower International PLC Announces US Solar Portfolio Sale Update and Major Contract Wins in Australian Solar and Data Centers Resulting in Record Forward Order Book
LONDON, June 24, 2019 (GLOBE NEWSWIRE) — VivoPower International PLC (Nasdaq: VVPR) (“VivoPower” or the “Company”), an international solar and power services company, is pleased to provide an update on the status of its US solar portfolio sale. Since the last update, the sale process has progressed further with new international parties now engaged. In Read More

GasLog Ltd. and GasLog Partners LP Announce Agreement to Eliminate Incentive Distribution Rights

6 hours ago DieselGasoil Comments Off on GasLog Ltd. and GasLog Partners LP Announce Agreement to Eliminate Incentive Distribution Rights
Monaco, June 24, 2019 (GLOBE NEWSWIRE) — GasLog Ltd. (“GasLog”, the “General Partner”, or the “GP”) (NYSE: GLOG) and GasLog Partners LP (“GasLog Partners” or the “Partnership”) (NYSE: GLOP) announced today an agreement to eliminate the GP’s incentive distribution rights (“IDRs”) in exchange for newly issued limited partner (“LP”) units. In exchange for the IDRs, Read More

Lufthansa announces overhaul of budget carrier Eurowings

7 hours ago DieselGasoil Comments Off on Lufthansa announces overhaul of budget carrier Eurowings
BERLIN (Reuters) – Lufthansa on Monday announced a turnaround plan for Eurowings in which the budget carrier will focus on short-haul flights and seek a 15% cut in costs by 2022 in the hope of returning to profit. FILE PHOTO: The economy class section of an Airbus A340-300 of Eurowings, a low-cost airline and fully Read More

Lufthansa announces turnaround plan for budget unit Eurowings

9 hours ago DieselGasoil Comments Off on Lufthansa announces turnaround plan for budget unit Eurowings
FILE PHOTO: The economy class section of an Airbus A340-300 of Eurowings, a low-cost airline and fully owned subsidiary of German Lufthansa Group, is photographed as Eurowings opens a new route from Duesseldorf to New York, in Duesseldorf, Germany, April 27, 2018. REUTERS/Wolfgang Rattay BERLIN (Reuters) – German carrier Lufthansa announced a turnaround plan for Read More

Iran’s parliament approves draft law for new oil, gas condensates refineries

15 hours ago DieselGasoil Comments Off on Iran’s parliament approves draft law for new oil, gas condensates refineries
Tehran — Iran’s parliament on Sunday ratified a draft bill allowing private investors to build new oil and gas condensates refineries in the country in a bid to neutralize the US sanctions on the country’s exports of hydrocarbons, the oil ministry’s Shana news service reported. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

Iran welcomes Moscow’s help on its oil sales

15 hours ago DieselGasoil Comments Off on Iran welcomes Moscow’s help on its oil sales
Tehran — Iran reiterated its interest in trading oil with Russia, with Moscow proposing a “trade cooperation,” state television news agency iribnews.ir reported Sunday, citing Central Bank of Iran Governor Abdolnasser Hemmati. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We also are interested in trade relations with them Read More

Brains for hire: Pentagon spends millions researching explosives & whale detection at German unis

1 day ago DieselGasoil Comments Off on Brains for hire: Pentagon spends millions researching explosives & whale detection at German unis
Universities all across Germany have been engaged in dual-purpose and military-related projects for the Pentagon, which has reportedly poured millions into the work, sometimes in violation of local laws that promote non-violence. The US Department of Defense seems to have outsourced some of its scientific efforts to dozens of German universities, according to Der Spiegel. Read More

Mexico to cut Pemex’s profit-sharing duty cut to 54%, increasing resources by $4.8 billion by 2021

3 days ago DieselGasoil Comments Off on Mexico to cut Pemex’s profit-sharing duty cut to 54%, increasing resources by $4.8 billion by 2021
Mexico City — The Mexican government will cut Pemex’s profit-sharing duty, known as DUC, to 54% by 2021 from the current 65%, the company’s financial director, Alberto Velazquez, said Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Results from this plan might be huge, spectacular,” Velazquez said at Read More

Nuclear waste, rising seas and Trump: Marshall Islands struggles to stay above water

3 days ago DieselGasoil Comments Off on Nuclear waste, rising seas and Trump: Marshall Islands struggles to stay above water
GENEVA (Reuters) – The Marshall Islands is literally struggling to stay above water but its President Hilda Heine told Reuters she had saved her breath rather than try to persuade U.S. President Donald Trump to hear its climate change message. Marshall Islands President Hilda Heine speaks with Reuters in Geneva, Switzerland, June 20, 2019. REUTERS/Denis Read More