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Analysis: Vietnam turns to US crude as Middle East jitters raise energy security concerns

4 days ago DieselGasoil Comments Off on Analysis: Vietnam turns to US crude as Middle East jitters raise energy security concerns
Highlights BSR to buy 2 mil barrels of WTI Midland crude for Q4 delivery Light sweet Nigerian Bonny Light crude also on shopping list Government removes import tax on crude oil Singapore — Vietnam is feeling the pressure to secure adequate crude supply as geopolitical tensions in the Middle East continue to raise Asia’s energy Read More

APPEC: Asia set to embrace non-OPEC crude suppliers amid Persian Gulf tensions

2 weeks ago DieselGasoil Comments Off on APPEC: Asia set to embrace non-OPEC crude suppliers amid Persian Gulf tensions
As Asian refiners continue to fret over the safe passage of their spot and term Middle Eastern crude cargoes amid ongoing geopolitical tensions in the Persian Gulf, major oil consumers including China, India, South Korea and Japan mayfurther embrace reliable supply sources outside the OPEC realm. Not registered? Receive daily email alerts, subscriber notes & Read More

Exclusive: In U-turn, Ford ditches plan to unify China sales system after partners push back

2 weeks ago DieselGasoil Comments Off on Exclusive: In U-turn, Ford ditches plan to unify China sales system after partners push back
SHANGHAI/DETROIT (Reuters) – Ford Motor Co has scrapped a plan to create a unified national sales company for China that stoked mistrust of the automaker at its joint venture partners and contributed to a spectacular collapse in sales in the world’s biggest car market. FILE PHOTO: People walk by a Ford Escape SUV displayed during Read More

OPEC output rises for first time since start of 2019 cuts

3 weeks ago DieselGasoil Comments Off on OPEC output rises for first time since start of 2019 cuts
By Grant Smith on 9/2/2019 LONDON (Bloomberg) – OPEC’s crude production rose last month, the first increase since the group and its allies started a new round of output cutbacks at the start of the year to shore up a weak global market. Nigeria and Saudi Arabia led the boost by the Organization of Petroleum Read More

Oil prices climb after Saudi oilfield attack, but recession worries drag

1 month ago DieselGasoil Comments Off on Oil prices climb after Saudi oilfield attack, but recession worries drag
SINGAPORE (Reuters) – Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for any signs that Sino-U.S. trade tensions could ease. FILE PHOTO: A pump jack operates in the Permian Basin oil and natural gas production area near Odessa, Texas, U.S., February Read More

Oil rises after Saudi oilfield attack, but recession worries cap gains

1 month ago DieselGasoil Comments Off on Oil rises after Saudi oilfield attack, but recession worries cap gains
SINGAPORE (Reuters) – Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists, although price gains were capped by an unusually downbeat OPEC report that stoked concerns about demand growth. FILE PHOTO: A pump jack operates in the Permian Basin oil and natural gas production area near Read More

Trump ‘not ready’ for China trade deal, dismisses recession fears

1 month ago DieselGasoil Comments Off on Trump ‘not ready’ for China trade deal, dismisses recession fears
WASHINGTON (Reuters) – U.S. President Donald Trump and top White House officials dismissed concerns that economic growth may be faltering, saying on Sunday they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States. FILE PHOTO: U.S. Read More

White House says no recession in sight, pushes China trade talks

1 month ago DieselGasoil Comments Off on White House says no recession in sight, pushes China trade talks
WASHINGTON (Reuters) – White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States. FILE PHOTO: White House chief economic adviser Read More