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Pemex production decline continues despite government stimulus, output targets

2 hours ago DieselGasoil Comments Off on Pemex production decline continues despite government stimulus, output targets
Highlights Crude output falls to 1.68 million b/d in May, still above 2019 low Gross natural gas production rises 25 MMcf/d to 4.84 Bcf/d Denver — Mexico’s state-owned producer Pemex reported a continued decline in its crude oil production last month, which was partially offset by a modest uptick in condensates, natural gas liquids and Read More

Aligned on Syria, divided on Iran: Russia, US & Israel meet for trilateral talks on Middle East

3 hours ago DieselGasoil Comments Off on Aligned on Syria, divided on Iran: Russia, US & Israel meet for trilateral talks on Middle East
National security advisers from Russia, Israel and the US have met in Jerusalem to discuss the situation in the Middle East. While they have managed to find some common ground on Syria, the talks were marred by disputes over Iran. US National Security Advisor John Bolton and Russian Security Council Secretary Nikolai Patrushev met for Read More

Latest US tariff threat would hurt US oil, gas output: API

4 hours ago DieselGasoil Comments Off on Latest US tariff threat would hurt US oil, gas output: API
Highlights US depends on China for key drilling fluid component API says US energy security at stake in trade dispute US Q1 crude flows to China shrink to 6,991 b/d Washington — The latest US tariffs threatened against Chinese imports would hamper US energy exports, hurt domestic energy security, and push China to import more Read More

Wall Street drops on trade worries, Fed Chair Powell’s speech

5 hours ago DieselGasoil Comments Off on Wall Street drops on trade worries, Fed Chair Powell’s speech
NEW YORK (Reuters) – Wall Street lost ground on Tuesday as simmering trade concerns, combined with disappointing economic data, sent buyers to the sidelines, where they remained after Federal Reserve Chair Jerome Powell pushed back on pressure from President Donald Trump to cut rates. FILE PHOTO: Traders work on the floor at the New York Read More

Instant view: Powell – Fed is ‘insulated’ from short-term political pressure

6 hours ago DieselGasoil Comments Off on Instant view: Powell – Fed is ‘insulated’ from short-term political pressure
(Reuters) – Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” as policymakers faced new calls by President Donald Trump to cut interest rates. FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee meeting in Washington, U.S., Read More

Wall St. sinks on trade jitters ahead of Powell speech

7 hours ago DieselGasoil Comments Off on Wall St. sinks on trade jitters ahead of Powell speech
NEW YORK (Reuters) – Wall Street lost ground on Tuesday as simmering geopolitical and trade concerns, combined with disappointing economic data, kept buyers at bay and investors looked to remarks from U.S. Federal Reserve chair Jerome Powell expected later in the session. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

Sudan crisis: Internet restored – but only for lawyer

7 hours ago DieselGasoil Comments Off on Sudan crisis: Internet restored – but only for lawyer
A lawyer in Sudan has told the BBC that the internet has been restored after a three-week shutdown – but only for him. Abdel-Adheem Hassan on Sunday won a lawsuit against telecoms operator Zain Sudan over the blackout ordered by Sudan’s military rulers. However, he says his victory is only benefitting him so far as Read More

Huawei dominates global race to 5G despite pressure from Washington

9 hours ago DieselGasoil Comments Off on Huawei dominates global race to 5G despite pressure from Washington
Chinese telecom giant Huawei has secured 50 5G contracts outside the domestic market, according to the company’s senior executive Ding Yun. That’s an almost 50 percent gain from the number of contracts reported in February, the executive told a summit on Tuesday ahead of the launch of MWC19 Shanghai (the largest industry annual event in Read More

Russian MP brands NATO chief ‘irresponsible babbler’ over ‘Russian INF non-compliance’ claim

12 hours ago DieselGasoil Comments Off on Russian MP brands NATO chief ‘irresponsible babbler’ over ‘Russian INF non-compliance’ claim
NATO is to discuss this week what it will do after the looming expiry of the INF Treaty, with its chief pinning the blame for the development on Russia. This charge prompted some name-calling from a senior Russian MP. The Intermediate-Range Nuclear Forces (INF) Treaty will expire in six months after the US announced its Read More

Violence escalates at Honduras student protests amid molotov cocktails & police fire (VIDEOS)

12 hours ago DieselGasoil Comments Off on Violence escalates at Honduras student protests amid molotov cocktails & police fire (VIDEOS)
Honduran military police opened fire at protesters outside the national university, injuring five people. Authorities said live ammunition was used in response to molotov cocktails which injured officers. Protests demanding the resignation of the country’s president, Juan Orlando Hernandez, have intensified in recent weeks as momentum gathers against privatization and austerity measures targeting the health Read More