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U.S. oil prices drop 1 percent on oversupply fears

46 mins ago DieselGasoil Comments Off on U.S. oil prices drop 1 percent on oversupply fears
SINGAPORE (Reuters) – U.S. oil prices fell 1 percent on Tuesday after slipping below $50 a barrel in the previous session, with reports of a big climb in U.S. inventories and forecasts of record shale output stoking worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture Read More

World stocks slide as global growth worries deepen

46 mins ago DieselGasoil Comments Off on World stocks slide as global growth worries deepen
TOKYO (Reuters) – Asian share markets stumbled on Tuesday as heightened concerns about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan, November 13, 2018. REUTERS/Toru Hanai MSCI’s broadest Read More

Global stocks dip as 'Santa Claus rally' elusive, oil rises

7 hours ago DieselGasoil Comments Off on Global stocks dip as 'Santa Claus rally' elusive, oil rises
NEW YORK (Reuters) – Broad stock declines in Europe and the United States dragged world equity markets lower on Monday, adding to a sell-off that has sent global stocks near 17-month lows. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid The MSCI Read More

Oil gains near $52 as U.S. drillers cut rigs

12 hours ago DieselGasoil Comments Off on Oil gains near $52 as U.S. drillers cut rigs
By Rakteem Katakey on 12/17/2018 LONDON (Bloomberg) — Oil rose to near $52/bbl as the dollar fell and U.S. drillers cut rigs to the lowest in eight weeks.  Futures in New York gained as much as 1.3%. The number of oil rigs in America fell to by four to 873 last week and the U.S Read More

Gran Tierra Energy Inc. Announces Operational Update and 2019 Guidance: 12 to 18% Production Growth within Cash Flow

14 hours ago DieselGasoil Comments Off on Gran Tierra Energy Inc. Announces Operational Update and 2019 Guidance: 12 to 18% Production Growth within Cash Flow
CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (NYSE MKT:GTE) (TSX:GTE) (LSE:GTE), is pleased to announce an operational update and its 2019 capital budget and production guidance. All dollar amounts are in United States dollars and all production volumes are on a working interest Read More

Life after OPEC: Qatar to invest $20 billion into US energy in major expansion

15 hours ago DieselGasoil Comments Off on Life after OPEC: Qatar to invest $20 billion into US energy in major expansion
After Qatar recently announced its intention to withdraw from the Organization of the Petroleum Exporting Countries (OPEC), its state-run oil giant has pledged hefty investments in the US energy sector. Qatar Petroleum is seeking to invest some $20 billion in various projects in the US over the next five years, Qatar’s Energy Minister Saad al-Kaabi Read More

Asian shares perk up ahead of key policy events in China, U.S.

19 hours ago DieselGasoil Comments Off on Asian shares perk up ahead of key policy events in China, U.S.
TOKYO (Reuters) – Asian share markets ticked up on Monday as investors cautiously looked to whether key policy events in the United States and China could allay concerns about slowing global economic growth. An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS/Thomas Read More

Oil prices pressured by oversupply, global economic concerns

19 hours ago DieselGasoil Comments Off on Oil prices pressured by oversupply, global economic concerns
SINGAPORE (Reuters) – Oil prices were largely steady on Monday after falling 2 percent in the previous session, but remained under pressure amid weaker growth in major economies and concerns about oversupply. A gas station worker pumps fuel into a motorbike at a gas station of the Venezuelan state-owned oil company PDVSA in Caracas, Venezuela Read More

TransGlobe Energy Corporation Announces a Q4 2018 Update

19 hours ago DieselGasoil Comments Off on TransGlobe Energy Corporation Announces a Q4 2018 Update
This Announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this Announcement, this inside information is now considered to be in the public domain. CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (AIM & TSX: “TGL” & NASDAQ: “TGA”) (“TransGlobe” Read More

China trade steps seen as good start but leave core U.S. demands untouched

20 hours ago DieselGasoil Comments Off on China trade steps seen as good start but leave core U.S. demands untouched
WASHINGTON (Reuters) – The United States has welcomed Chinese concessions since the two declared a trade war truce in early December, but trade experts and people familiar with negotiations say Beijing needs to do far more to meet U.S. demands for long-term change in how China does business. FILE PHOTO: U.S. dollar and China yuan Read More