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Democratic presidential hopeful Klobuchar proposes revamping EPA ethanol rules

1 day ago DieselGasoil Comments Off on Democratic presidential hopeful Klobuchar proposes revamping EPA ethanol rules
WASHINGTON (Reuters) – Democratic presidential hopeful Amy Klobuchar on Saturday called for revamping the Environmental Protection Agency’s (EPA) rules governing how refineries use ethanol in gasoline products, a proposal aimed at the politically critical state of Iowa. FILE PHOTO: U.S. Senator Amy Klobuchar declares her candidacy for the 2020 Democratic presidential nomination in Minneapolis, Minnesota, Read More

India explodes 500-kg bomb as tit-for-tat tests raise tensions with Pakistan

2 days ago DieselGasoil Comments Off on India explodes 500-kg bomb as tit-for-tat tests raise tensions with Pakistan
While the leaders and top diplomats of India and Pakistan exchanged polite pleasantries in recent days, their respective militaries have been testing powerful weapons, raising the stakes in their decades-long conflict. India announced Friday that it had successfully tested a guided 500-kilogram bomb, capable of correcting its flight path with steering rudders during the free-fall Read More

Oil rises more than 1% but sets biggest weekly loss of 2019

2 days ago DieselGasoil Comments Off on Oil rises more than 1% but sets biggest weekly loss of 2019
NEW YORK (Reuters) – Oil prices climbed more than 1% on Friday ahead of long U.S. and UK holiday weekends, but posted the biggest weekly drop of the year, pressured by rising inventories and worries about the global economy. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July Read More

Oil edges higher but set for biggest weekly loss of 2019

2 days ago DieselGasoil Comments Off on Oil edges higher but set for biggest weekly loss of 2019
NEW YORK (Reuters) – Oil prices climbed 1 percent on Friday ahead of long U.S. and UK holiday weekends, but were on track for their biggest weekly drop of the year, pressured by rising inventories and worries about the global economy. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Read More

Rapeseed gets relief from rain but EU crop still set to shrink

2 days ago DieselGasoil Comments Off on Rapeseed gets relief from rain but EU crop still set to shrink
PARIS (Reuters) – Rain brought some relief to European Union rapeseed crops this month, but analysts still expect this year’s harvest to be the lowest in more than a decade after drought and insect attacks. FILE PHOTO: A farmer plows next to a rapeseed field, near the Mont Saint-Michel 11th century abbey, in Ardevon, Normandy, Read More

MOL Norge AS completes drilling of wildcat southwest of Trym field

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5/24/2019 Photo: Rowan Viking. STAVANGER — MOL Norge AS, operator of production licence 539, is in the process of completing the drilling of wildcat well 3/7-11 S. The well was drilled about 7 km southwest of Trym field on the eastern side of the Mandal High, about 2 km north of the border with Denmark. Read More

U.S. Well Services Finalizes $55 Million Sale of Convertible Preferred Stock to Fund Electric Frac Fleet Expansion

2 days ago DieselGasoil Comments Off on U.S. Well Services Finalizes $55 Million Sale of Convertible Preferred Stock to Fund Electric Frac Fleet Expansion
HOUSTON, May 24, 2019 (GLOBE NEWSWIRE) — U.S. Well Services, Inc. (Nasdaq: USWS) today announced that it had finalized the $55 Million sale of newly issued Convertible Preferred Stock (or “Preferred Stock”) through a private placement with institutional investors. The financing provides further liquidity to help the Company fund ongoing growth initiatives in connection with Read More

Oil rises toward $69, but set for 2019’s biggest weekly loss

2 days ago DieselGasoil Comments Off on Oil rises toward $69, but set for 2019’s biggest weekly loss
LONDON (Reuters) – Oil rose toward $69 a barrel on Friday after two sessions of losses, but remained on track for its biggest weekly drop this year due to rising inventories and concerns of an economic slowdown. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July 21, 2014. Read More

Oil recovers, but set for biggest weekly loss of 2019

2 days ago DieselGasoil Comments Off on Oil recovers, but set for biggest weekly loss of 2019
SINGAPORE (Reuters) – Oil prices recouped more than 1% on Friday but were on track for their biggest weekly loss this year after swelling inventories and jitters over an economic slowdown led to big falls earlier in the week. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July Read More