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US & Australia to unveil rare earths plan to challenge China’s dominance

2 days ago DieselGasoil Comments Off on US & Australia to unveil rare earths plan to challenge China’s dominance
US President Donald Trump and Australian Prime Minister Scott Morrison are expected to reveal a plan on Friday aimed at securing the supply of rare earth minerals. The plan will be announced on growing concerns in the US that China could cut off shipments of the vital commodities. The country is the world’s largest processor Read More

China sovereign fund CIC says cautious of U.S. investment amid trade war

2 days ago DieselGasoil Comments Off on China sovereign fund CIC says cautious of U.S. investment amid trade war
BEIJING (Reuters) – China Investment Corp (CIC) on Friday said the Sino-U.S. trade war has made it more cautious about investing in the United States, after the Chinese sovereign wealth fund posted a dive in yearly profit. China and the United States are enmeshed in a tit-for-tat trade war that has led to escalating import Read More

Factbox: Attacks on Saudi oil units affecting major Asian crude buyers differently

3 days ago DieselGasoil Comments Off on Factbox: Attacks on Saudi oil units affecting major Asian crude buyers differently
Singapore — The attacks on Saudi Aramco’s oil facilities have exposed Asia’s vulnerabilities in absorbing supply disruptions with purpose-built emergency stocks, which either don’t exist or fall short of global standards. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now While organizations like the International Energy Agency have coordinated strategic Read More

Analysis: Saudi disruptions expose Asia’s deficient emergency oil reserves

3 days ago DieselGasoil Comments Off on Analysis: Saudi disruptions expose Asia’s deficient emergency oil reserves
Singapore — The attacks on Saudi Aramco’s oil facilities have exposed Asia’s vulnerabilities in absorbing supply disruptions with purpose-built emergency stocks, which either don’t exist or fall short of global standards. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now While organizations like the International Energy Agency have coordinated strategic Read More

India will eventually take control of Pakistan Kashmir, Indian FM predicts

5 days ago DieselGasoil Comments Off on India will eventually take control of Pakistan Kashmir, Indian FM predicts
India’s foreign minister says he expects Pakistan-controlled Kashmir to one day become Indian territory, fanning the flames of an escalating territorial dispute between the two nuclear rivals. The region of Kashmir currently administered by Pakistan “is part of India and we expect one day that we will have physical jurisdiction over it,” Foreign Minister Subrahmanyam Read More

U.S., Chinese trade deputy talks to start on Thursday

5 days ago DieselGasoil Comments Off on U.S., Chinese trade deputy talks to start on Thursday
WASHINGTON (Reuters) – Deputy-level U.S.-China trade talks are scheduled to start in Washington on Thursday, the U.S. Trade Representative’s office said, paving the way for high-level talks in October aimed at resolving a bitter, 14-month trade war. FILE PHOTO: U.S. and Chinese flags are seen before Defense Secretary James Mattis welcomes Chinese Minister of National Read More

Saudi Arabia says Iranian weapons were used to attack oil facilities

6 days ago DieselGasoil Comments Off on Saudi Arabia says Iranian weapons were used to attack oil facilities
By Vivian Nereim, Abbas Al Lawati and Bill Faries on 9/16/2019 RIYADH (Bloomberg) – Saudi Arabia said preliminary findings show Iranian weapons were used in the attack on one of its key oil installations, but stopped short of directly blaming the Islamic Republic for the strikes that cut its crude output by half and rattled Read More

Gold & silver rally as investors seek safe havens amid global uncertainty

6 days ago DieselGasoil Comments Off on Gold & silver rally as investors seek safe havens amid global uncertainty
The price of gold surged more than one percent on Monday as investors turned to safe-haven assets, following attacks at the weekend on Saudi Arabia’s oil and gas facilities. The strikes cut off five percent of world oil supply. The yellow metal jumped 1.2 percent at the open, hitting $1,506 per ounce. Gold is now Read More

Trump faces tough choices after blaming Iran for Saudi oil attack

7 days ago DieselGasoil Comments Off on Trump faces tough choices after blaming Iran for Saudi oil attack
By Jordan Fabian, Nick Wadhams, David Wainer and Glen Carey on 9/15/2019 WASHINGTON (Bloomberg) – The Trump administration sought to offer new evidence to back its claim that Iran conducted the attack on major Saudi Arabian oil facilities, saying the munitions used in the strikes were well beyond the capabilities of the Houthi rebels who Read More

Erdogan tells Trump he could ALSO buy US Patriot missiles despite row over Russian S-400s

1 week ago DieselGasoil Comments Off on Erdogan tells Trump he could ALSO buy US Patriot missiles despite row over Russian S-400s
Turkey is interested in buying US-made Patriot missiles, if Washington can offer a good deal, says President Recep Tayyip Erdogan – this despite US sanctions on its NATO ally for buying the Russian S-400 air defense systems. Erdogan said he brought up the deal in a phone call with US President Donald Trump, and will Read More