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PermianChain Technologies has launched blockchain-based OandG trading, investment platform prototype

4 hours ago DieselGasoil Comments Off on PermianChain Technologies has launched blockchain-based OandG trading, investment platform prototype
1/21/2019 VAUGHAN, Ontario — PermianChain Technologies has launched the prototype of its platform for trading potential oil and gas reserves that have yet to be developed. PermianChain’s blockchain-based approach will make it easier to put a value on reserves before they have been produced, enhancing efficiency and improving understanding of a project’s viability. PermianChain has Read More

Japan resumes oil imports from Iran after latest US sanctions

9 hours ago DieselGasoil Comments Off on Japan resumes oil imports from Iran after latest US sanctions
Tokyo has resumed purchases of Iranian oil for the first time since suspending imports in line with US sanctions against the Islamic Republic, according to reports citing a Japanese Refinery and the head of Iranian Central Bank. Japan, one of Iran’s largest oil importers, stopped buying Iranian crude more than a month before Washington unleashed Read More

Trading of LNG derivatives to benefit industry

10 hours ago DieselGasoil Comments Off on Trading of LNG derivatives to benefit industry
By Stephen Stapczynski and Dan Murtaugh on 1/21/2019 SINGAPORE (Bloomberg) — With natural gas demand growing faster than for any other fossil fuel, LNG futures may be finally taking off.  Derivatives represented about 2% of global LNG production at the beginning of 2017 as an array of contracts around the world struggled to gain traction. Read More

China's 2018 growth slows to 28-year low, more stimulus seen

17 hours ago DieselGasoil Comments Off on China's 2018 growth slows to 28-year low, more stimulus seen
BEIJING (Reuters) – China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, dragging 2018 growth to the lowest in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown. FILE PHOTO: A tree is pictured in front of buildings in Beijing’s Read More

Lords of war: US weapons factories dominate global arms trade

3 days ago DieselGasoil Comments Off on Lords of war: US weapons factories dominate global arms trade
The latest report by Stockholm International Peace Research Institute (SIPRI) revealed that sales of arms and military services by global majors totaled $398.2 billion in 2017, marking a 44 percent growth over the past 15 years. “The overall number excludes Chinese data due to the lack of available information to allow for a reasonable or Read More

Oil hits 2-month high as China truce signals brighter outlook

3 days ago DieselGasoil Comments Off on Oil hits 2-month high as China truce signals brighter outlook
By Alex Nussbaum on 1/18/2019 Photo: Shanghai. NEW YORK (Bloomberg) — Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy. Futures climbed 3.3% in New York to cap the third straight weekly increase. Bloomberg News reported China proposed Read More

Volkswagen mulls extending diesel (gasoil) incentives across Germany

3 days ago DieselGasoil Comments Off on Volkswagen mulls extending diesel (gasoil) incentives across Germany
FILE PHOTO: Volkswagen logos are pictured during the media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6, 2018. REUTERS/Paulo Whitaker BERLIN (Reuters) – German carmaker Volkswagen (VOWG_p.DE) is examining whether to extend trade-in incentives to owners of older vehicles in all of Germany, extending the program beyond the Read More