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China inks deals with Shell, majors as Xi signals open trade

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By Bloomberg News on 12/18/2018 HONG KONG and BEIJING (Bloomberg) — China signaled its openness for business with a raft of deals that’ll give oil majors including Royal Dutch Shell new opportunities to develop fields in partnership with the nation’s biggest offshore explorer.  China National Offshore Oil said in Beijing on Tuesday that it had Read More

South Korea to provide $3 billion in financial support for troubled auto suppliers

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SEOUL (Reuters) – South Korea unveiled a policy package to support its embattled car parts makers industry that includes providing financial support worth over 3.5 trillion won ($3.10 billion) and encouraging the use of electric cars. A worker checks cars made by GM Korea in a yard of GM Korea’s Bupyeong plant before they are Read More

Companies in England to pay packaging waste costs under new proposals

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LONDON (Reuters) – Companies and factories in England will have a legal obligation to foot the bill for the disposal or recycling of waste packaging they produce under new plans by Britain’s environment minister. FILE PHOTO: Plastic bottles and containers are seen in a domestic recycling bin in Manchester, Britain, November 20, 2018. REUTERS/Phil Noble/File Read More

Eni approves the investment plan for Merakes Development Project in Indonesia

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12/17/2018 Photo: Eni. SAN DONATO MILANESE, Milan — Eni will start with the execution of the Merakes Development Project in Indonesia following the approval received by the Minister of Energy of Indonesia and the authorization for the investment plan sanctioned by the company’s board of directors. The Merakes development project, located in the Kutei Basin, Read More

France is the 'sick man of Europe' while Poland is its 'bright spot', says Polish foreign minister

14 hours ago DieselGasoil Comments Off on France is the 'sick man of Europe' while Poland is its 'bright spot', says Polish foreign minister
France is the new “sick man of Europe,” the Foreign Minister of Poland has said, citing Yellow Vest unrest and the recent jihadist attack in Strasbourg. Poland, on the other hand, is a “bright spot” of the continent. he said. France’s problems are hurting the whole region, Jacek Czaputowicz told TV channel Polsat News on Read More

Top U.S. fund managers prepare for bear market in small company stocks

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NEW YORK (Reuters) – The shares of small companies in the U.S. haven’t technically fallen into a bear market yet, but several top-performing fund managers are acting as if it is inevitable. FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., December Read More

Goldman, Morgan Stanley gain clout in Brazil as NY IPOs grow

21 hours ago DieselGasoil Comments Off on Goldman, Morgan Stanley gain clout in Brazil as NY IPOs grow
SAO PAULO (Reuters) – Goldman Sachs Group Inc (GS.N), Morgan Stanley(MS.N) and Bank of America Merrill Lynch(BAC.N) are regaining clout in Latin America’s largest economy as Brazilian companies opt to list shares in New York instead of on their local exchanges, Refinitiv data shows. A sign is displayed on the Morgan Stanley building in New Read More

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

1 day 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

Pemex aims for splash in shallow waters, retreats from the deeps

2 days ago DieselGasoil Comments Off on Pemex aims for splash in shallow waters, retreats from the deeps
MEXICO CITY (Reuters) – Mexican state-run oil giant Petroleos Mexicanos will focus on existing shallow water assets and Refining next year at the expense of riskier, deepwater projects under a new government that has vowed to turn around the ailing company. FILE PHOTO: An aerial view shows a new KFELS B Class jackup rig acquired Read More