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Russia aims to boost trade with Japan to $30 billion

5 hours ago DieselGasoil Comments Off on Russia aims to boost trade with Japan to $30 billion
Trade between Russia and Japan grew by 20 percent to $20 billion last year, Economic Development Minister Maksim Oreshkin has said. He met with his Japanese counterpart Hiroshige Seko in Moscow on Tuesday. “Now we are specifying the categories of goods where we have prospects of increasing supplies,” the minister told journalists. Moscow and Tokyo Read More

Greenland's ice melting four times faster than in 2003

7 hours ago DieselGasoil Comments Off on Greenland's ice melting four times faster than in 2003
Greenland is melting faster than previously believed, with its ice retracting four times more quickly than in 2003. Researchers concerned about rising sea levels have studied melting glaciers in Greenland for many years, specifically from the southeast and northwest regions of the country. Glaciers here are responsible for pushing enormous iceberg-sized chunks of ice into Read More

Trading of LNG derivatives to benefit industry

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By Stephen Stapczynski and Dan Murtaugh on 1/21/2019 SINGAPORE (Bloomberg) — With natural gas demand growing faster than for any other fossil fuel, LNG futures may be finally taking off.  Derivatives represented about 2% of global LNG production at the beginning of 2017 as an array of contracts around the world struggled to gain traction. Read More

CGG: New Survey Supports Gabon’s 12th Offshore Licensing Round

1 day ago DieselGasoil Comments Off on CGG: New Survey Supports Gabon’s 12th Offshore Licensing Round
New CGG Survey Supports Gabon’s 12th Offshore Licensing Round Paris, France – January 21, 2019 Building on the success of its 25,000 km2 3D BroadSeis(TM) survey, which led to the recent Boudji-1 and Ivela-1 oil discoveries, CGG is extending its Gabon multi-client data footprint with a 9,800-km long-offset 2D seismic survey in an unexplored deepwater Read More

Oil firms as China's slowdown not as steep as some expected

2 days ago DieselGasoil Comments Off on Oil firms as China's slowdown not as steep as some expected
SINGAPORE (Reuters) – Oil prices firmed on Monday after data showed China’s economic slowdown was not as big as some analysts had expected, with supply cuts led by the Organization of the Petroleum Exporting Countries also offering support. FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Read More

Oil dips as China's economy slows but OPEC-led cuts support

2 days ago DieselGasoil Comments Off on Oil dips as China's economy slows but OPEC-led cuts support
SINGAPORE (Reuters) – Oil prices dipped on Monday as China reported its weakest annual economic growth in 28 years, although oil prices remain relatively well supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC). FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan Read More

Oil dips on weak economic outlook, but OPEC-led cuts support

2 days ago DieselGasoil Comments Off on Oil dips on weak economic outlook, but OPEC-led cuts support
SINGAPORE (Reuters) – Oil prices dipped on Monday, weighed down by expectations that China will report its weakest economic growth in almost three decades amid waning domestic demand and painful U.S. tariffs. FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. Read More

IEA sees oil demand growth defying economic slowdown

4 days ago DieselGasoil Comments Off on IEA sees oil demand growth defying economic slowdown
By Grant Smith on 1/18/2019 LONDON (Bloomberg) — Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency.  “We have seen prices fall very significantly since the peak at the beginning of October, and Read More

In 5G play, Vodafone and IBM link up cloud systems for business

4 days ago DieselGasoil Comments Off on In 5G play, Vodafone and IBM link up cloud systems for business
FRANKFURT (Reuters) – Vodafone is teaming up with IBM to offer businesses a way to link different cloud computing systems to support the next wave of digital advances, such as machine learning, on super-fast fifth-generation telecoms networks. FILE PHOTO: Logos of 5G technology and telecommunications company Vodafone are pictured at the 5G Mobility Lab of Read More

US will 'quit all treaties' & 'make militarization of space inevitable' with new Trump doctrine

5 days ago DieselGasoil Comments Off on US will 'quit all treaties' & 'make militarization of space inevitable' with new Trump doctrine
President Donald Trump’s promise to be “far worse than anybody, if need be” by developing space weapon tech “faster than the rest of the world” will spark a new arms race without ensuring US safety, says leading Russian expert. “The militarization of space is inevitable, and the United States will quit any relevant non-proliferation treaty Read More