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More than half of US Gulf of Mexico oil, gas output remains shut after Barry: BSEE

1 hour ago DieselGasoil Comments Off on More than half of US Gulf of Mexico oil, gas output remains shut after Barry: BSEE
Washington — About 1.3 million b/d, or 69%, of oil production and 1.7 Bcf/d, or 61%, of natural gas output in the Gulf of Mexico remains shut as drillers start returning to platforms evacuated ahead of Hurricane Barry, the US Bureau of Safety and Environmental Enforcement said Monday. Not registered? Receive daily email alerts, subscriber Read More

Oil prices fall on fading storm impact, Chinese economic data

3 hours ago DieselGasoil Comments Off on Oil prices fall on fading storm impact, Chinese economic data
NEW YORK (Reuters) – Oil prices edged lower on Monday on signs that the impact of a tropical storm on U.S. Gulf Coast production and refining would be short-lived, while Chinese economic data dimmed the crude demand outlook. A horizontal drilling rig on a lease owned by Parsley Energy operates at sunrise in the Permian Read More

Amazon rivals ride on Prime Day marketing as protests unfold

3 hours ago DieselGasoil Comments Off on Amazon rivals ride on Prime Day marketing as protests unfold
NEW YORK (Reuters) – Amazon.com Inc’s Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other U.S. retail companies, rivaling the Thanksgiving holiday’s Black Friday as a driver of sales. FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in Read More

Trump tells complainers ‘to leave the US’

5 hours ago DieselGasoil Comments Off on Trump tells complainers ‘to leave the US’
Donald Trump has said that if anyone is not happy in the US they can leave following a race row over tweets about Democrat congresswomen. Speaking at the end of a press conference, he said: “If you’re not happy in the US, if you’re complaining all the time, you can leave.” In a tweet earlier, Read More

Oil prices rise on Chinese economic data

8 hours ago DieselGasoil Comments Off on Oil prices rise on Chinese economic data
LONDON (Reuters) – Oil prices rose on Monday as Chinese industrial output and retail data topped expectations, though gains were capped by overall figures showing the country’s slowest quarterly economic growth in decades. A horizontal drilling rig on a lease owned by Parsley Energy operates at sunrise in the Permian Basin near Midland, Texas U.S. Read More

Oil prices edge higher on Chinese economic data

10 hours ago DieselGasoil Comments Off on Oil prices edge higher on Chinese economic data
LONDON (Reuters) – Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were capped by overall figures showing the country’s slowest quarterly economic growth in decades. A horizontal drilling rig on a lease owned by Parsley Energy operates at sunrise in the Permian Basin near Midland, Texas Read More

China’s slowing economy still shows growth that any country would envy

12 hours ago DieselGasoil Comments Off on China’s slowing economy still shows growth that any country would envy
Beijing has released second quarter data showing the country’s economy grew 6.2 percent from a year ago, the worst result in nearly three decades that also comes amid China’s simmering trade war with the US. China’s gross domestic product (GDP) growth declined for the second quarter in a row, down 0.2 percent from 6.4 percent Read More

Oil prices nudge up on Chinese economic data

12 hours ago DieselGasoil Comments Off on Oil prices nudge up on Chinese economic data
LONDON (Reuters) – Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were capped by overall figures showing the country’s slowest quarterly economic growth in decades. A horizontal drilling rig on a lease owned by Parsley Energy operates at sunrise in the Permian Basin near Midland, Texas Read More

Trade war damage as China growth slows to 27-year low

14 hours ago DieselGasoil Comments Off on Trade war damage as China growth slows to 27-year low
By James Sillars, business reporter China’s economic growth slowed to its weakest level since 1992 in the second quarter of the year – damaged by the country’s trade war with the US. Official figures released in Beijing showed an annual rate of growth of 6.2% between March and June. That represented a slowdown on the Read More

China’s first-half pork output falls amid disease outbreak

14 hours ago DieselGasoil Comments Off on China’s first-half pork output falls amid disease outbreak
BEIJING (Reuters) – China’s pork output fell by less than expected in the first half as the country tackles a devastating disease outbreak, although official data showed conflicting figures on the size of the decline in the hog herd. FILE PHOTO: A resident gets pork from a vendor at a market in Beijing, China December Read More