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Russia isn’t interested in joining new OPEC-led oil output cuts

6 hours ago DieselGasoil Comments Off on Russia isn’t interested in joining new OPEC-led oil output cuts
Russia prefers to stay out of any fresh oil production cuts led by OPEC’s leader Saudi Arabia, Reuters reported, quoting two high-ranking Russian sources. Russia—which together with Saudi Arabia and some Arab Gulf producers has been raising production since June to offset Iranian losses—saw its oil production set a new post-Soviet record high of 11.41 million bpd Read More

Saturn Oil & Gas Inc. Closes $4.0 Million Private Placement Co-Led by Canaccord Genuity and Gravitas Securities

17 hours ago DieselGasoil Comments Off on Saturn Oil & Gas Inc. Closes $4.0 Million Private Placement Co-Led by Canaccord Genuity and Gravitas Securities
SASKATOON, Saskatchewan, Nov. 16, 2018 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) is pleased to announce that it has completed the previously announced (see news release dated October 24, 2018) brokered private placement of common share units (the “Units”) and flow-through common shares (the “Flow-Through Shares”). Read More

S&P, Dow advance on trade optimism; Nvidia sinks Nasdaq

19 hours ago DieselGasoil Comments Off on S&P, Dow advance on trade optimism; Nvidia sinks Nasdaq
NEW YORK (Reuters) – The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp (NVDA.O) dragged down the Nasdaq. All three indexes had been lower in early trade as an underwhelming outlook Read More

Canadian crude rallies as U.S. demand and rail shipments rise

19 hours ago DieselGasoil Comments Off on Canadian crude rallies as U.S. demand and rail shipments rise
By Robert Tuttle on 11/16/2018 CALGARY (Bloomberg) — Canadian heavy crude prices rallied Friday as U.S. Refinery demand rises and increased volumes are shipped by rail car. Heavy Western Canadian Select’s discount to West Texas Intermediate futures narrowed to $39.25/bbl, the smallest since late September, data compiled by Bloomberg show. The absolute price increased to Read More

TransGlobe Energy Corporation Announces Update to Significant Shareholder

20 hours ago DieselGasoil Comments Off on TransGlobe Energy Corporation Announces Update to Significant Shareholder
AIM & TSX: “TGL” & NASDAQ: “TGA” CALGARY, Alberta, Nov. 16, 2018 (GLOBE NEWSWIRE) — TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer)   1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: TransGlobe Energy Read More

Forbes Energy Services Acquires Cretic Energy Services

20 hours ago DieselGasoil Comments Off on Forbes Energy Services Acquires Cretic Energy Services
ALICE, Texas, Nov. 16, 2018 (GLOBE NEWSWIRE) — Forbes Energy Services, Ltd. (OTCQX: FLSS) (“Forbes”), announced today that it has acquired Cretic Energy Services, LLC (“Cretic” or the “Company”) from Catapult Energy Services Group, LLC, an NGP and NGP Energy Technology Partners portfolio company.  Cretic, headquartered in Montgomery, Texas, provides large-diameter, extended-reach, coiled tubing services Read More

Oil edges up in volatile session but falls for sixth straight week

21 hours ago DieselGasoil Comments Off on Oil edges up in volatile session but falls for sixth straight week
NEW YORK (Reuters) – Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns. FILE PHOTO: A worker checks the valve of an oil pipe at Read More

Marksmen Announces Closing of Final Tranche of Oversubscribed Private Placement

21 hours ago DieselGasoil Comments Off on Marksmen Announces Closing of Final Tranche of Oversubscribed Private Placement
CALGARY, Alberta, Nov. 16, 2018 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) announces that it has completed the second and final closing (“Second Tranche”) of its previously announced non-brokered private placement, which was increased to 3,125,002 units (the “Units”) of Marksmen at a price of $0.12 per Unit, for aggregate gross proceeds Read More

Wall Street advances on trade optimism; Nvidia, Facebook lag

22 hours ago DieselGasoil Comments Off on Wall Street advances on trade optimism; Nvidia, Facebook lag
NEW YORK (Reuters) – The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 7, 2018. REUTERS/Brendan McDermid All three indexes Read More

Trump says will make acting EPA head Wheeler permanent

23 hours ago DieselGasoil Comments Off on Trump says will make acting EPA head Wheeler permanent
WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday he would nominate the acting head of the Environmental Protection Agency, Andrew Wheeler, to take on the position permanently. FILE PHOTO: Acting Administrator of the Environmental Protection Agency Andrew Wheeler speaks during an event hosted by U.S. President Donald Trump with workers on “Cutting the Read More