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Brent touches $75 per barrel after Europe halts Russian crude imports

9 hours ago DieselGasoil Comments Off on Brent touches $75 per barrel after Europe halts Russian crude imports
NEW YORK (Reuters) – Brent crude hit $75 per barrel on Thursday for the first time in nearly six months after quality concerns suspended some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, Read More

Brent rises to $75 per barrel after Europe suspends Russian crude exports

11 hours ago DieselGasoil Comments Off on Brent rises to $75 per barrel after Europe suspends Russian crude exports
NEW YORK (Reuters) – Brent crude touched $75 per barrel on Thursday for the first time in nearly six months as quality concerns halted some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, Read More

Serbia’s beekeepers struggle as insecticide poisoning hits honey bees

11 hours ago DieselGasoil Comments Off on Serbia’s beekeepers struggle as insecticide poisoning hits honey bees
BELGRADE (Reuters) – Early April in Serbia was sunny, orchards were in full bloom and honey bees from most of the country’s 1.2 million beehives were busy collecting nectar and pollen. FILE PHOTO: The queen bee is seen on the frame of a hive in a village of Ripanj near Belgrade, Serbia, April 9, 2019. Read More

CNOOC Limited signs agreement with JSC Novatek for the Arctic LNG 2 project

12 hours ago DieselGasoil Comments Off on CNOOC Limited signs agreement with JSC Novatek for the Arctic LNG 2 project
4/25/2019 HONG KONG — CNOOC Limited has announced that the company has signed a heads of agreement with JSC Novatek, a Russian gas producer, for the acquisition of 10% interest of the Arctic LNG 2 project. The Arctic LNG 2 Project is located on the Gydan Peninsula, Russia and the second large onshore conventional natural Read More

World stocks slip as growth fears linger; euro slides

12 hours ago DieselGasoil Comments Off on World stocks slip as growth fears linger; euro slides
NEW YORK (Reuters) – The dollar rose on Thursday, hitting the highest in almost two years against the euro on an upbeat U.S. capital goods report, while a gauge of world equity markets slid as weak economic data from South Korea and a profit warning from 3M Co renewed concerns about global growth. FILE PHOTO: Read More

Russian oil imports to Europe halted due to contamination

15 hours ago DieselGasoil Comments Off on Russian oil imports to Europe halted due to contamination
By Aliaksandr Kudrytski and Maciej Martewicz on 4/25/2019 MINSK and WARSAW (Bloomberg) — Russian oil flows to parts of Europe were halted after customers complained of unusual impurities in the crude, adding another disruption to the global oil market and pushing prices in London above $75/bbl. Poland, which receives oil through a northern section of Read More

Trump’s widening OPEC fight puts Saudi oil capacity in spotlight

15 hours ago DieselGasoil Comments Off on Trump’s widening OPEC fight puts Saudi oil capacity in spotlight
By Grant Smith on 4/25/2019 LONDON (Bloomberg) — The biggest threat to President Donald Trump’s hopes for low gasoline prices is his growing entanglement in the politics of OPEC nations. The White House plans to choke off oil exports from Iran without triggering a spike in prices largely by getting Saudi Arabia, the only OPEC Read More

Belarus halts transit of Russian crude to Poland & on to Europe, cites quality concerns

24 hours ago DieselGasoil Comments Off on Belarus halts transit of Russian crude to Poland & on to Europe, cites quality concerns
The transfer of Russian crude oil into Poland and further into Europe through one of the pipeline branches going through Belarus has been suspended after Warsaw refused to process the oil in its refineries citing its poor quality. Poland has stopped accepting Russian crude arriving through Belarus at the Adamovo hub since 10.00 pm Warsaw Read More

Oil hovers near six-month high as U.S. stockpile build counters supply fears

1 day ago DieselGasoil Comments Off on Oil hovers near six-month high as U.S. stockpile build counters supply fears
NEW YORK (Reuters) – Oil prices hovered near six-month highs on Wednesday after data showed U.S. crude stockpiles surged to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing Read More

Saudis see no need for immediate action on oil market

2 days ago DieselGasoil Comments Off on Saudis see no need for immediate action on oil market
By Anthony DiPaola, Matthew Martin and Yousef Gamal El-Din on 4/24/2019 DUBAI (Bloomberg) — Saudi Arabia’s energy minister said the world’s biggest oil exporter sees no need to take immediate action in the crude market, signaling a cautious response to the U.S. decision to tighten sanctions on Iran. The kingdom won’t significantly raise output in Read More