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U.S. manufacturing sector slowing as economy loses momentum

4 days ago DieselGasoil Comments Off on U.S. manufacturing sector slowing as economy loses momentum
WASHINGTON (Reuters) – U.S. manufacturing output fell for a second straight month in February and factory activity in New York state was weaker than expected this month, offering further evidence of a sharp slowdown in economic growth early in the first quarter. FILE PHOTO: Line workers spot weld parts of the frame on the flex Read More

OPEC urges oil producers to prevent return of surplus this year

4 days ago DieselGasoil Comments Off on OPEC urges oil producers to prevent return of surplus this year
By Grant Smith on 3/14/2019 LONDON (Bloomberg) — OPEC’s secretariat urged oil producers to keep going with efforts to prevent a surplus this year, as supplies from their rivals increase faster than world demand. Key OPEC members and their allies will meet this weekend in Baku, Azerbaijan, to review output curbs they’ve been implementing to Read More

Venezuela’s minister says major power outage likely caused by ‘cyberattack’, points finger at US

1 week ago DieselGasoil Comments Off on Venezuela’s minister says major power outage likely caused by ‘cyberattack’, points finger at US
A cyber-attack is likely the reason for the major blackout that left most of Venezuela in darkness, a Maduro government official said, hinting that the US may be involved in the offensive. As Venezuela is still reeling from a nationwide blackout, Nicolas Maduro’s government says the emergency was the result of an external influence. The Read More

Beijing calls on Chinese firms not to be ‘silent lambs,’ vows protection amid Huawei row

2 weeks ago DieselGasoil Comments Off on Beijing calls on Chinese firms not to be ‘silent lambs,’ vows protection amid Huawei row
Beijing has promised to take “all necessary measures” to defend Chinese companies and citizens who are under “deliberate political suppression” abroad amid legal clashes between tech giant Huawei and Washington. “We support the company and individual in question in seeking legal redress to protect their own interests and refusing to be victimized like silent lambs,” Read More

Venezuela blames sabotage & ‘US electricity war’ after major power outage

2 weeks ago DieselGasoil Comments Off on Venezuela blames sabotage & ‘US electricity war’ after major power outage
Venezuelan President Nicolas Maduro accused the US of waging an “electricity war” against the country, as Caracas and other cities were plunged into darkness Thursday night. The government says the incident is likely sabotage. Thousands of commuters in Caracas had to walk home as a power outage shut down the capital’s subway, resulting in massive Read More

No 'silent lambs': China supports Huawei's bid for U.S. legal redress

2 weeks ago DieselGasoil Comments Off on No 'silent lambs': China supports Huawei's bid for U.S. legal redress
BEIJING (Reuters) – The Chinese government’s top diplomat, State Councilor Wang Yi, said on Friday that China supports Huawei Technologies’ bid for legal redress in the United States, adding that Chinese companies should use “legal weapons” and not be “silent lambs”. Chinese Foreign Minister Wang Yi attends a news conference during the ongoing session of Read More

Top Chinese diplomat says supports Huawei's bid for legal redress

2 weeks ago DieselGasoil Comments Off on Top Chinese diplomat says supports Huawei's bid for legal redress
FILE PHOTO: Chinese Foreign Minister Wang Yi attends a joint news conference with Kyrgyzstan’s Foreign Minister Chyngyz Aidarbekov (not pictured) at the Diaoyutai State Guesthouse in Beijing, China, February 21, 2019. REUTERS/Jason Lee/File Photo BEIJING (Reuters) – The Chinese government’s top diplomat, State Councillor Wang Yi, said on Friday that China supports Huawei Technologies’ bid Read More

Pengrowth Announces Fourth Quarter 2018 Results, Provides Reserves Update and Launches Strategic Review

2 weeks ago DieselGasoil Comments Off on Pengrowth Announces Fourth Quarter 2018 Results, Provides Reserves Update and Launches Strategic Review
CALGARY, Alberta, March 06, 2019 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (“Pengrowth” or the “Company“) (TSX:PGF, OTCQX:PGHEF), today reported its results for the three and twelve months ended December 31, 2018 as well as its reserves as at December 31, 2018. Subsequent to the quarter the Company signed a letter of intent for third party Read More

Amazon plans new grocery-store business: WSJ

2 weeks ago DieselGasoil Comments Off on Amazon plans new grocery-store business: WSJ
(Reuters) – Amazon.com Inc plans to open dozens of grocery stores across the United States as it looks to expand in the food business, the Wall Street Journal reported on Friday, citing people familiar with the matter. Amazon is also exploring a strategy of strengthening its new supermarket brand by purchasing regional grocery chains that Read More

'Mobster' Trump attacked by ex-lawyer in explosive testimony

3 weeks ago DieselGasoil Comments Off on 'Mobster' Trump attacked by ex-lawyer in explosive testimony
Donald Trump’s ex-lawyer has attacked the US president in an explosive address to Congress, saying the leader acted like a “mobster” in the run-up to his testimony. Michael Cohen, who previously had the nickname ‘pitbull’ because he was known as Mr Trump’s fixer and attack dog, laid into his former boss under oath, calling him Read More