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Analysis: Prospect of return to rate cuts puts oil prices under fresh pressure

9 hours ago DieselGasoil Comments Off on Analysis: Prospect of return to rate cuts puts oil prices under fresh pressure
Highlights US Fed leaves door open to new stimulus cycle China, India oil demand to benefit from rate cuts OPEC cuts, supply risk, IMO 2020 also supportive London — The growing prospects of the first cut in US interest rates in a decade is expected to put further pressure on oil prices over the coming Read More

U.S. electricity generation from renewables surpassed coal in April

14 hours ago DieselGasoil Comments Off on U.S. electricity generation from renewables surpassed coal in April
June 26, 2019 In April 2019, U.S. monthly electricity generation from renewable sources exceeded coal-fired generation for the first time based on data in EIA’s Electric Power Monthly. Renewable sources provided 23% of total electricity generation to coal’s 20%. This outcome reflects both seasonal factors as well as long-term increases in renewable generation and decreases Read More

OPEC member fans out to Australia, Canada in global gas push

15 hours ago DieselGasoil Comments Off on OPEC member fans out to Australia, Canada in global gas push
By Fiona MacDonald on 6/26/2019 KUWAIT (Bloomberg) — Kuwait plans to boost production from Canadian shale deposits by two thirds and increase output of natural gas in Australia as the OPEC member ramps up efforts to find and develop overseas deposits of the fuel. The international upstream arm of state-owned Kuwait Petroleum Corp. sees output Read More

Americans demand climate action (as long as it doesn’t cost much): Reuters poll

16 hours ago DieselGasoil Comments Off on Americans demand climate action (as long as it doesn’t cost much): Reuters poll
WASHINGTON (Reuters) – Nearly 70 percent of Americans, including a majority of Republicans, want the United States to take “aggressive” action to combat climate change – but only a third would support an extra tax of $100 a year to help, according to a Reuters/Ipsos poll released Wednesday. FILE PHOTO: Students hold banners and placards Read More

Japan watchdog to recommend $24 million fine for Nissan over Ghosn pay: source

18 hours ago DieselGasoil Comments Off on Japan watchdog to recommend $24 million fine for Nissan over Ghosn pay: source
FILE PHOTO: The Nissan logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Jonathan Ernst TOKYO (Reuters) – Japan’s markets watchdog will likely recommend that the financial regulator fine Nissan Motor Co up to 4 billion yen ($37 million) over the alleged underreporting of former Chairman Carlos Read More

Macron calls for synergies, alliances’ to strengthen Renault-Nissan

19 hours ago DieselGasoil Comments Off on Macron calls for synergies, alliances’ to strengthen Renault-Nissan
FILE PHOTO: French President Emmanuel Macron speaks during a news conference after the European Union leaders summit in Brussels, Belgium, June 21, 2019. REUTERS/Piroschka van de Wouw TOKYO (Reuters) – French President Emmanuel Macron on Wednesday called for further synergies and alliances to strengthen the Renault-Nissan partnership in a global market. “The Renault-Nissan alliance is Read More

TechnipFMC resolves U.S. and Brazil probes, hopes to settle French case

20 hours ago DieselGasoil Comments Off on TechnipFMC resolves U.S. and Brazil probes, hopes to settle French case
FILE PHOTO – The logo of energy engineering group TechnipFMC is seen on top of the company’s building in Courbevoie at the financial and business district of La Defense near Paris, France, May 14, 2018. REUTERS/Charles Platiau PARIS (Reuters) – Oil services company TechnipFMC said it would pay $301.3 million to resolve anti-corruption probes with Read More

US to lead oil output growth through 2030: ConocoPhillips chief economist

1 day ago DieselGasoil Comments Off on US to lead oil output growth through 2030: ConocoPhillips chief economist
Highlights Global oil demand expected to rise modestly to 2030 Refining capacity will adapt to lighter US crudes US crude export constraints seen as temporary Washington — The US will lead global oil production growth for the next decade, and tight oil can continue to grow beyond the 2030s even moderate prices, ConocoPhillips chief economist Read More