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Oil prices fall 1% as economic worries outweigh tanker tensions

17 hours ago DieselGasoil Comments Off on Oil prices fall 1% as economic worries outweigh tanker tensions
NEW YORK (Reuters) – Oil prices fell more than 1% on Monday after more poor Chinese economic figures fanned fears of lower worldwide oil demand. FILE PHOTO: An oil rig is seen in the waters on the southern coast of Pengerang, Malaysia February 26, 2019. Picture taken February 26, 2019. REUTERS/Edgar Su/File Photo Brent crude Read More

Oil prices slip as economic worries outweigh tanker tensions

20 hours ago DieselGasoil Comments Off on Oil prices slip as economic worries outweigh tanker tensions
NEW YORK (Reuters) – Oil prices edged lower on Monday after more poor Chinese economic figures fanned fears of slowed worldwide oil demand. FILE PHOTO: An oil rig is seen in the waters on the southern coast of Pengerang, Malaysia February 26, 2019. Picture taken February 26, 2019. REUTERS/Edgar Su/File Photo The oil market received Read More

Persian Gulf on edge as conflicting accounts of tanker attacks swirl

4 days ago DieselGasoil Comments Off on Persian Gulf on edge as conflicting accounts of tanker attacks swirl
By Margaret Talev, Stephen Stapczynski and Golnar Motevalli on 6/14/2019 WASHINGTON D.C., SINGAPORE and TEHRAN (Bloomberg) –The U.S. political and military standoff with Iran hardened as conflicting narratives about a pair of attacks on tankers near the Persian Gulf stoked regional tensions and raised the risk of a miscalculation. With U.S.-Iranian relations already at a Read More

OPEC warns that trade tensions are hurting global oil demand

5 days ago DieselGasoil Comments Off on OPEC warns that trade tensions are hurting global oil demand
By Grant Smith on 6/13/2019 LONDON (Bloomberg) — OPEC said that international trade tensions are hurting demand for oil, slashing its estimates for consumption earlier in the year and predicting further challenges ahead. The organization, due to meet in the coming weeks to set production levels for the second half, said demand increased by less Read More

Reckitt picks PepsiCo man as CEO, going outside for first time

6 days ago DieselGasoil Comments Off on Reckitt picks PepsiCo man as CEO, going outside for first time
(Reuters) – Consumer goods group Reckitt Benckiser has picked PepsiCo executive Laxman Narasimhan as its next chief executive, becoming the latest industry heavyweight to turn to a company outsider to tackle faltering growth and new media-savvy rivals. FILE PHOTO: Products produced by Reckitt Benckiser; Vanish, Finish, Dettol and Harpic, are seen in London, Britain February Read More

Dash for growth at company founded by Indian yoga guru leads to stumbles

6 days ago DieselGasoil Comments Off on Dash for growth at company founded by Indian yoga guru leads to stumbles
HARIDWAR, India (Reuters) – Three years ago, Indian yoga guru and entrepreneur Baba Ramdev was riding high. FILE PHOTO: A worker arranges consumable goods inside a Patanjali store in Ahmedabad, India, March 28, 2019. REUTERS/Amit Dave The consumer goods empire he co-founded had tapped into a wave of Hindu nationalism after the election of Prime Read More

Trade gloom, rising oil, Boeing 737 MAX woes to cloud aviation summit

3 weeks ago DieselGasoil Comments Off on Trade gloom, rising oil, Boeing 737 MAX woes to cloud aviation summit
SEOUL (Reuters) – Global airlines are meeting under a storm pattern of trade tensions, rising oil prices and a two-month-old grounding of the Boeing Co 737 MAX jetliner – threatening to put a halt to five years of strong profits in the cut-throat air travel industry. The angle of attack sensor, at bottom center, is Read More

Turkey frees jailed American NASA scientist amid F-35 row

3 weeks ago DieselGasoil Comments Off on Turkey frees jailed American NASA scientist amid F-35 row
A former NASA scientist who was imprisoned in Turkey after the failed 2016 coup has been set free. His release comes amid faltering negotiations between Washington and Ankara over the F-35 fighter jet. Serkan Golge, a dual Turkish-American citizen jailed more than two years ago, was released from custody Wednesday, the scientist’s wife confirmed to Read More

U.S. hikes tariffs on Chinese goods, China says to strike back

1 month ago DieselGasoil Comments Off on U.S. hikes tariffs on Chinese goods, China says to strike back
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump’s tariff increase to 25 percent on $200 billion worth of Chinese goods took effect on Friday, and Beijing said it would strike back, ratcheting up tensions as the two sides pursue last-ditch talks to try salvaging a trade deal. FILE PHOTO – Containers and trucks are seen on Read More

U.S. goods trade deficit with China tumbles to five-year low

1 month ago DieselGasoil Comments Off on U.S. goods trade deficit with China tumbles to five-year low
WASHINGTON (Reuters) – The U.S. goods trade deficit with China, a focus of the White House’s “America First” agenda, shrank to its smallest in five years in March, which could embolden President Donald Trump as he escalates his trade war on Beijing. FILE PHOTO: An aerial photo shows the Cap Jackson container ship, currently sailing Read More