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Oil rises more than 1% but sets biggest weekly loss of 2019

21 hours ago DieselGasoil Comments Off on Oil rises more than 1% but sets biggest weekly loss of 2019
NEW YORK (Reuters) – Oil prices climbed more than 1% on Friday ahead of long U.S. and UK holiday weekends, but posted the biggest weekly drop of the year, pressured by rising inventories and worries about the global economy. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July Read More

Patriots, fighter jets, spies & engineers: What US is sending to Mid East after hyping Iran ‘threat’

22 hours ago DieselGasoil Comments Off on Patriots, fighter jets, spies & engineers: What US is sending to Mid East after hyping Iran ‘threat’
Washington continues to amass forces in the Middle East as the Pentagon accuses Iran of an ‘ongoing threat’ to US allies and interests. Here’s what they plan on sending. Acting Defense Secretary Patrick Shanahan outlined the deployment, which he said will include 1,500 troops, a Patriot missile battalion, combat and reconnaissance aircraft, as well as Read More

United Airlines extends cancellations of Boeing 737 MAX flights through August 3

22 hours ago DieselGasoil Comments Off on United Airlines extends cancellations of Boeing 737 MAX flights through August 3
FILE PHOTO: United Airlines planes, including a Boeing 737 MAX 9 model, are pictured at George Bush Intercontinental Airport in Houston, Texas, U.S., March 18, 2019. REUTERS/Loren Elliott/File Photo CHICAGO (Reuters) – United Airlines said on Friday it is extending by one month its cancellations of Boeing Co 737 MAX flights, now through Aug. 3, Read More

Oil edges higher but set for biggest weekly loss of 2019

23 hours ago DieselGasoil Comments Off on Oil edges higher but set for biggest weekly loss of 2019
NEW YORK (Reuters) – Oil prices climbed 1 percent on Friday ahead of long U.S. and UK holiday weekends, but were on track for their biggest weekly drop of the year, pressured by rising inventories and worries about the global economy. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Read More

Sembcorp Marine completes world’s biggest semi-submersible crane vessel for Heerema

1 day ago DieselGasoil Comments Off on Sembcorp Marine completes world’s biggest semi-submersible crane vessel for Heerema
5/24/2019 Photo: Sembcorp Marine’s world’s heaviest semi-submersible crane vessel, Sleipnir. SINGAPORE — The world’s biggest semi-submersible crane vessel (SSCV) is set to blaze a trail when it enters into service in the coming months, armed with the strongest pair of revolving cranes for offshore oil, gas and renewable energy installation and decommissioning jobs. Named after Read More

SeaBird Exploration: signing of agreements to acquire vessels, private placement becomes unconditional

1 day ago DieselGasoil Comments Off on SeaBird Exploration: signing of agreements to acquire vessels, private placement becomes unconditional
24 May 2019, Limassol, Cyprus NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Read More

Oil rises toward $69, but set for 2019’s biggest weekly loss

1 day ago DieselGasoil Comments Off on Oil rises toward $69, but set for 2019’s biggest weekly loss
LONDON (Reuters) – Oil rose toward $69 a barrel on Friday after two sessions of losses, but remained on track for its biggest weekly drop this year due to rising inventories and concerns of an economic slowdown. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July 21, 2014. Read More

Oil recovers, but set for biggest weekly loss of 2019

1 day ago DieselGasoil Comments Off on Oil recovers, but set for biggest weekly loss of 2019
SINGAPORE (Reuters) – Oil prices recouped more than 1% on Friday but were on track for their biggest weekly loss this year after swelling inventories and jitters over an economic slowdown led to big falls earlier in the week. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July Read More

Venezuelan petroleum exports to Cuba surge in response to US sanctions

2 days ago DieselGasoil Comments Off on Venezuelan petroleum exports to Cuba surge in response to US sanctions
Caracas, Venezuela — Venezuela has increased oil supplies to ally Cuba in May four-fold as US sanctions severely limit exports to other countries, PDVSA documents show. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now According to the documents, seen by S&P Global Platts Thursday, state-owned PDVSA exported 1.416 million Read More

Oil spiraled to its worst daily performance of 2019 as trade turmoil swamps confidence

2 days ago DieselGasoil Comments Off on Oil spiraled to its worst daily performance of 2019 as trade turmoil swamps confidence
By Alex Nussbaum and Grant Smith on 5/23/2019 NEW YORK (Bloomberg) — Futures in New York fell almost 6% on Thursday for the steepest decline since Dec. 24. Equity markets also slumped, with six of every seven companies in the S&P 500 Index dropping after China assailed American sanctions and U.S. lawmakers proposed a ban Read More