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OPEC, Feds in fog of uncertainty

5 hours ago DieselGasoil Comments Off on OPEC, Feds in fog of uncertainty
By Julian Lee on 3/24/2019 Photo: New York City. WASHINGTON (Bloomberg Opinion) — What do OPEC and the Federal Reserve have in common, other than being on the receiving end of angry tweets from President Donald Trump? They are both having a particularly terrible time assessing the outlook for demand, and this is making setting Read More

Iran’s oil exports drop ahead of US waivers decision

22 hours ago DieselGasoil Comments Off on Iran’s oil exports drop ahead of US waivers decision
Iran’s oil exports so far in March are down from January and February to average around 1 million bpd-1.1 million bpd ahead of the US decision to extend or deny new waivers, Reuters reported Thursday. This compares to around 1.3 million bpd estimated Iranian exports for February. The US waivers for eight key Iranian oil Read More

U.S. Treasuries signal trouble, stocks fall after weak data

2 days ago DieselGasoil Comments Off on U.S. Treasuries signal trouble, stocks fall after weak data
NEW YORK (Reuters) – Stocks around the world fell and U.S. Treasuries yields sent out warning signs of a possible recession on Friday after weaker-than-expected U.S. and European data intensified fears of a global economic slowdown. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March Read More

Chinese smartphone firms jazz up products, seize turf in home market from Apple

3 days ago DieselGasoil Comments Off on Chinese smartphone firms jazz up products, seize turf in home market from Apple
SHANGHAI (Reuters) – Smartphone retailers in China say it’s a tough sell of late with consumers reluctant to upgrade, put off by chill economic winds. FILE PHOTO: Xiaomi founder and CEO Lei Jun attends a launch ceremony of the new flagship phone Xiaomi Mi 9 in Beijing, China February 20, 2019. REUTERS/Jason Lee/File Photo Even Read More

Archrock Announces Closing of $500 Million of Senior Notes Offering

3 days ago DieselGasoil Comments Off on Archrock Announces Closing of $500 Million of Senior Notes Offering
HOUSTON, March 21, 2019 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced the closing of the previously announced private offering by Archrock Partners, L.P. (“Archrock Partners”), a wholly-owned subsidiary of Archrock, of $500 million aggregate principal amount of 6.875% senior notes due 2027 (the “Notes”).  Archrock Partners Finance Corp., a wholly-owned subsidiary of Read More

Wall Street powers world stocks; Brexit weighs on sterling

3 days ago DieselGasoil Comments Off on Wall Street powers world stocks; Brexit weighs on sterling
NEW YORK (Reuters) – A measure of stocks across the globe rose in a volatile session on Thursday, led by gains on Wall Street, while the dollar rallied as traders continued to digest the Federal Reserve’s uber-dovish stance. Sterling tumbled, down 0.93 percent versus the U.S. dollar, as concern grew alongside the probability of a Read More

LNG may replace coal in Vietnam's $7.8 billion power project

4 days ago DieselGasoil Comments Off on LNG may replace coal in Vietnam's $7.8 billion power project
By Nguyen Dieu Tu Uyen and Stephen Stapczynski on 3/21/2019 HANOI and SINGAPORE (Bloomberg) — Vietnam’s latest plans for $7.8 billion in gas-fired power projects may see the nation become one of the world’s newest liquefied natural gas importers and cut its coal use. The Ninh Thuan provincial government on Wednesday said it met with Read More

Global stocks wilt as Fed shift sparks stampede into bonds

4 days ago DieselGasoil Comments Off on Global stocks wilt as Fed shift sparks stampede into bonds
LONDON (Reuters) – European shares wilted and there was a stampede into bonds on Thursday, after the U.S. Federal Reserve’s abandonment of all plans to raise rates this year left traders wondering what might be lurking in the shadows. FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Read More

Reliance sends fuel from India, Europe to Venezuela to sidestep U.S. sanctions

4 days ago DieselGasoil Comments Off on Reliance sends fuel from India, Europe to Venezuela to sidestep U.S. sanctions
NEW DELHI/MEXICO CITY (Reuters) – India’s Reliance Industries is selling fuels to Venezuela from India and Europe to sidestep sanctions that bar U.S.-based companies from dealing with state-run PDVSA, according to trading sources and Refinitiv Eikon data. FILE PHOTO: The logo of Reliance Industries is pictured in a stall at the Vibrant Gujarat Global Trade Read More

From California to Oslo: foreign subsidies fuel Norway's e-car boom, for now

4 days ago DieselGasoil Comments Off on From California to Oslo: foreign subsidies fuel Norway's e-car boom, for now
OSLO (Reuters) – On the outskirts of Oslo, a row of Fiat 500es imported from California stand parked in the snow outside the Buddy Electric dealership, part of a global flow of pre-owned electric cars to Norway powered by green subsidies elsewhere in the world. Maiken Skram of Buddy Electric car dealer company shows the Read More