newszine

Carmakers race higher, Johnson jitters for sterling

14 hours ago DieselGasoil Comments Off on Carmakers race higher, Johnson jitters for sterling
LONDON (Reuters) – A speeding autos sector and hopes for even lower borrowing costs buoyed world stocks on Tuesday, while a brief sterling rally proved short-lived as hard-Brexit advocate Boris Johnson was confirmed as Britain’s new prime minister. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Read More

Total’s deal-making CEO spends billions to ride out turmoil

15 hours ago DieselGasoil Comments Off on Total’s deal-making CEO spends billions to ride out turmoil
By Francois de Beaupuy on 7/23/2019 PARIS (Bloomberg) –If you’re offered the job of running one of the world’s largest companies, you don’t usually have just an hour to decide if you want it. But that was the challenge Patrick Pouyanne faced when the CEO of oil giant Total SA died suddenly in a plane Read More

Carmakers drive Europe higher, Johnson batters sterling

18 hours ago DieselGasoil Comments Off on Carmakers drive Europe higher, Johnson batters sterling
LONDON (Reuters) – A wave of central bank easing and positive soundings from the earnings season buoyed world stocks on Tuesday, while Britain’s pound fell before the expected confirmation of hard-Brexit advocate Boris Johnson as the country’s prime minister. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Read More

Van carrying £112m of drugs crashes into police car at station

23 hours ago DieselGasoil Comments Off on Van carrying £112m of drugs crashes into police car at station
By Connor Sephton, news reporter A van loaded with more than 270kg (600lbs) of meth has crashed into parked police cars in Sydney. The smash happened in front of a police station in one of the city’s suburbs on Monday morning. Image: Drugs worth £112m were found packed into moving boxes Detectives questioned the 28-year-old Read More

India to buy Russian rocket engines for its space program

1 day ago DieselGasoil Comments Off on India to buy Russian rocket engines for its space program
New Delhi has plans to purchase rocket engines from Moscow for its growing national space program, Russia’s deputy prime minister said. The announcement follows the successful launch of a new Indian expedition to the Moon. Deputy Prime Minister Yury Borisov told reporters in New Delhi on Monday about the planned rocket sales, and recognized India’s Read More

Halliburton cutting frac jobs, equipment in US and Canada

1 day ago DieselGasoil Comments Off on Halliburton cutting frac jobs, equipment in US and Canada
7/22/2019 HOUSTON – Halliburton is shifting strategy in its largest region to deal with subdued customer spending by shelving unused frac gear and cutting jobs in North America. The world’s biggest provider of fracing equipment, including pumping units and sand-storage silos, declined to tell analysts and investors Monday how much pressure-pumping gear it has parked Read More

Oil will go ‘bust’ if recession hits

3 days ago DieselGasoil Comments Off on Oil will go ‘bust’ if recession hits
Oil prices plunged again on Thursday, dragged down by fears of slowing demand. An unexpected increase in inventories underscored the downside risk to oil prices. The EIAreported a drawdown in crude stocks, but a huge 9.25 million barrel combined increase in gasoline and diesel (gasoil) inventories, which surprised traders. Also, gasoline demand plunged by 0.5 mb/d Read More

WATCH: Terrifying footage from INSIDE Boeing 737 shows plane plow into ocean

5 days ago DieselGasoil Comments Off on WATCH: Terrifying footage from INSIDE Boeing 737 shows plane plow into ocean
The shaky footage was filmed by an alarmed aircraft maintenance engineer on his iPhone as a plane plunged into the Pacific Ocean on September 28, 2018. One passenger was killed in the crash. Incredibly, 12 crew members and 34 passengers survived the Air Niugini Boeing 737 smash, although six were seriously injured. Papua New Guinea’s Read More

2nd Chinese space station falls from sky in FIERY demolition (this time controlled)

5 days ago DieselGasoil Comments Off on 2nd Chinese space station falls from sky in FIERY demolition (this time controlled)
China’s space lab Tiangong-2 has descended from orbit and burned up over the South Pacific. Unlike its predecessor, the terminal fall towards Earth was part of a controlled operation by the Chinese space agency. The 8-ton station re-entered the Earth’s atmosphere on Friday around 21:06 Beijing time (13:06 GMT), Xinhua news agency said, citing China’s Read More

Schlumberger sees shale output boom slowing on budget cuts

5 days ago DieselGasoil Comments Off on Schlumberger sees shale output boom slowing on budget cuts
7/19/2019 NEW YORK – The shale boom is about to hit a speed bump, according to the world’s biggest oilfield service provider. Schlumberger expects surging oil production from North American shale basins to slow as explorers cut spending, outgoing CEO Paal Kibsgaard said Friday during the company’s second-quarter earnings call. A recent spree of mergers Read More