newszine

World stocks slip, euro suffers, growth fears linger

33 mins ago DieselGasoil Comments Off on World stocks slip, euro suffers, growth fears linger
LONDON (Reuters) – World equity markets slipped on Thursday amid worries on global growth and as investors digested European earnings, while the Swedish crown slumped to its lowest in 17 years and the euro suffered after German data. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage Read More

Asian shares slip; German, Korean data hurt risk appetite

6 hours ago DieselGasoil Comments Off on Asian shares slip; German, Korean data hurt risk appetite
TOKYO (Reuters) – Asian shares slipped on Thursday as a surprise deterioration in German and South Korean economic data rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a Read More

Belarus halts transit of Russian crude to Poland & on to Europe, cites quality concerns

6 hours ago DieselGasoil Comments Off on Belarus halts transit of Russian crude to Poland & on to Europe, cites quality concerns
The transfer of Russian crude oil into Poland and further into Europe through one of the pipeline branches going through Belarus has been suspended after Warsaw refused to process the oil in its refineries citing its poor quality. Poland has stopped accepting Russian crude arriving through Belarus at the Adamovo hub since 10.00 pm Warsaw Read More

Pieridae Energy Announces 2018 Year End Results, Progress Made on Goldboro LNG Project and Board Change

7 hours ago DieselGasoil Comments Off on Pieridae Energy Announces 2018 Year End Results, Progress Made on Goldboro LNG Project and Board Change
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, April 24, 2019 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Corporation”) (PEA – TSXV) released its 2018 financial and operating results today, highlighting the fact it took some key steps forward last year in advancing its Goldboro Read More

Asian shares dip; euro weighed by sagging German business morale

8 hours ago DieselGasoil Comments Off on Asian shares dip; euro weighed by sagging German business morale
TOKYO (Reuters) – Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Read More

Oil hovers near six-month high as U.S. stockpile build counters supply fears

12 hours ago DieselGasoil Comments Off on Oil hovers near six-month high as U.S. stockpile build counters supply fears
NEW YORK (Reuters) – Oil prices hovered near six-month highs on Wednesday after data showed U.S. crude stockpiles surged to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing Read More

Oil States Announces First Quarter 2019 Results of Operations

13 hours ago DieselGasoil Comments Off on Oil States Announces First Quarter 2019 Results of Operations
HOUSTON, April 24, 2019 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) reported a net loss for the first quarter of 2019 of $14.6 million, or $0.25 per diluted share on revenues of $250.6 million and Consolidated EBITDA (Note A) of $21.4 million. The reported first quarter 2019 results included severance charges totaling $1.0 million ($0.8 million after-tax, or Read More

U.S. may not be able to offset Iran oil losses

13 hours ago DieselGasoil Comments Off on U.S. may not be able to offset Iran oil losses
By Sheela Tobben on 4/24/2019 Photo: U.S. Secretary of State Mike Pompeo. NEW YORK (Bloomberg) — Secretary of State Mike Pompeo proclaimed America’s ability to help offset supply losses when the the U.S. vowed to stop any sales of Iranian crude. Maybe, but it would be a stretch. Oil condensate from the Eagle Ford shale Read More

Alberta eyes private producers as option to move crude

13 hours ago DieselGasoil Comments Off on Alberta eyes private producers as option to move crude
By Kevin Orland on 4/24/2019 CALGARY (Bloomberg) — Shifting Alberta’s shipments of crude-by-rail to private producers, is an option that Cenovus Energy Inc. CEO Alex Pourbaix said Alberta Premier-Elect Jason Kenney may be able to consider, instead of scrapping the plan altogether. Kenney, who takes office next week, has vowed to end predecessor Rachel Notley’s Read More

Euro falls on weak German business morale, stocks slip

17 hours ago DieselGasoil Comments Off on Euro falls on weak German business morale, stocks slip
NEW YORK (Reuters) – The euro fell against the U.S. dollar on Wednesday after data showing a surprise deterioration in business morale in Germany stoked fears of slowing global growth and weighed on a gauge of world equity markets. FILE PHOTO: The German Central Bank (Bundesbank) presents the new 50 euro banknote at its headquarters Read More