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Gold soars to six-year high as trade, as Iran tensions mount

2 hours ago DieselGasoil Comments Off on Gold soars to six-year high as trade, as Iran tensions mount
NEW YORK (Reuters) – Gold soared to almost a six-year high on Tuesday on escalating U.S.-Iran tensions and U.S.-Sino trade anxiety, leading traders to pile into safe-haven government debt and to snap up the yen and Swiss franc at the expense of the dollar. FILE PHOTO: Traders work on the main trading floor after the Read More

Why oil’s outlook could be even bleaker than expected

3 hours ago DieselGasoil Comments Off on Why oil’s outlook could be even bleaker than expected
By Bloomberg News on 6/25/2019 SINGAPORE and BEIJING (Bloomberg) — As storm clouds gather over the world’s top oil-consuming region, OPEC and its allies would be advised to pay close attention as they prepare to make a key decision on output curbs early next month. While the Saudi Arabian-led efforts to restrain supply amid surging Read More

European watchdogs demand detail on Facebook’s cryptocurrency

5 hours ago DieselGasoil Comments Off on European watchdogs demand detail on Facebook’s cryptocurrency
LONDON/ZUG, Switzerland (Reuters) – Facebook’s fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant’s Libra project. FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration/File Read More

Crude oil inputs to Mexico’s petroleum refineries continued to decline in 2018

6 hours ago DieselGasoil Comments Off on Crude oil inputs to Mexico’s petroleum refineries continued to decline in 2018
June 25, 2019 Source: U.S. Energy Information Administration, based on data published by Petróleos Mexicanos Crude oil inputs to Mexico’s petroleum refineries declined for the fifth consecutive year in 2018, falling to nearly 600,000 barrels per day (b/d), a 50% drop from 2013 levels. This decline in crude oil processing has coincided with a decrease Read More

Analysis: China gasoline exports to rebound in June on new quota, oversupply

7 hours ago DieselGasoil Comments Off on Analysis: China gasoline exports to rebound in June on new quota, oversupply
Singapore — China gasoline exports in May fell 42.4% year on year and 27.6% from the previous month to 850,000 mt, but market sources expected volumes to rebound in June after export quota allocations mid-May and amid an oversupply in the domestic market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

U.S. Well Services, Inc. Enters into Exclusive Electric Motor Purchase Agreement with AmeriMex

8 hours ago DieselGasoil Comments Off on U.S. Well Services, Inc. Enters into Exclusive Electric Motor Purchase Agreement with AmeriMex
HOUSTON, June 25, 2019 (GLOBE NEWSWIRE) — U.S. Well Services, Inc. (NASDAQ: USWS) today announced that it has entered into an agreement with AmeriMex Motor & Controls, LLC. (“AmeriMex”), a subsidiary of Industrial Service Solutions. Under the terms of the agreement, AmeriMex will provide electric motors exclusively to USWS as it relates to electric hydraulic Read More

Oil prices in balance between demand worries, U.S.-Iran tensions

9 hours ago DieselGasoil Comments Off on Oil prices in balance between demand worries, U.S.-Iran tensions
LONDON (Reuters) – Oil prices hung in the balance on Tuesday as concerns over declining crude demand were offset by risks to supply linked to new U.S. sanctions on Iran. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken December 7, Read More

Trade stress, Iran tensions hits stocks, dollar frets on Fed doves

9 hours ago DieselGasoil Comments Off on Trade stress, Iran tensions hits stocks, dollar frets on Fed doves
LONDON (Reuters) – European shares were spooked by Iran tensions and trade jitters on Tuesday, while the risk of more dovish talk from the Federal Reserve inflated gold to six-year highs and stoked demand for safe-harbor currencies like the yen and Swiss franc. FILE PHOTO: An investor watches stock prices at a brokerage office in Read More