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Oil will skyrocket to $300 if OPEC-Russia alliance disbanded, Saudi institute claims

3 hours ago DieselGasoil Comments Off on Oil will skyrocket to $300 if OPEC-Russia alliance disbanded, Saudi institute claims
Without the Organization of the Petroleum Exporting Countries (OPEC) the world will lose its safety net that stabilizes the oil market from supply disruptions and other shocks, according to Saudi independent energy think tank. “Our analysis shows that back in 2011-2012, when Libya experienced supply disruptions, prices for crude could go far above $200 per Read More

Goldman Sachs faces criminal charges in Malaysia for helping billions vanish from state fund

3 hours ago DieselGasoil Comments Off on Goldman Sachs faces criminal charges in Malaysia for helping billions vanish from state fund
Malaysia filed criminal charges against Goldman Sachs and two ex-bankers over the multi-billion dollar looting of state fund, 1MDB. The US bank denies the accusation, claiming it was deceived by the previous Malaysian government. The subsidiaries of the Wall Street banking giant and its former key employees, ex-chairman of Goldman’s South East Asia, Tim Leissner, Read More

SDLP – Changes to the Board of Directors

3 hours ago DieselGasoil Comments Off on SDLP – Changes to the Board of Directors
London, United Kingdom, December 18, 2018 – Seadrill Partners LLC (NYSE: SDLP) (“Seadrill Partners” or the “Company”) announces today that John Darlington has been appointed to its Board of Directors. Mr. Darlington will also serve on the conflicts committee and audit committee. Mr. Darlington has almost 40 years’ experience in finance and managerial roles with a Read More

Brazilian Fifth Chamber Approved Agreement between Brazilian Prosecutor and SBM Offshore

3 hours ago DieselGasoil Comments Off on Brazilian Fifth Chamber Approved Agreement between Brazilian Prosecutor and SBM Offshore
December 18, 2018 The Leniency Agreement with the Brazilian Federal Prosecutor’s Office (Ministério Público Federal – “MPF”) of September 1, 2018 has been approved by the Brazilian Fifth Chamber for Coordination and Review and Anti-corruption. This Leniency Agreement comprises a final settlement between the Company and the MPF with respect to alleged improper sales practices Read More

Yellow Vest movement blowback to financial crisis that never ended – RT’s Keiser Report

5 hours ago DieselGasoil Comments Off on Yellow Vest movement blowback to financial crisis that never ended – RT’s Keiser Report
Current events happening in France or the so-called #GiletsJaunes movement is a blowback of the financial crisis of 2008, say Max and Stacy from RT’s Keiser Report. “We sit on the brink of more revolution, maybe perhaps a French Spring or French Winter. This is ten years after the financial collapse whereby all of our Read More

Gemini Midstream Announces New Partnership Focused on Providing Transport Solution for East Texas Haynesville Development

5 hours ago DieselGasoil Comments Off on Gemini Midstream Announces New Partnership Focused on Providing Transport Solution for East Texas Haynesville Development
HOUSTON, Dec. 18, 2018 (GLOBE NEWSWIRE) — Gemini Midstream Holdings, LLC and its affiliates (“Gemini” or the “Company”) today announced the development of the Gemini Carthage Pipeline, a new natural gas system in Harrison and Panola Counties, Texas, capable of delivering in excess of 1.2 billion cubic feet per day of high pressure, dry natural Read More

China & Japan lead global dumping of US sovereign debt

7 hours ago DieselGasoil Comments Off on China & Japan lead global dumping of US sovereign debt
The two biggest foreign holders of America’s sovereign debt pared their holdings in October, according to the latest data released by the US Treasury Department. Foreign holdings of US Treasuries have fallen to a one year low. China’s holdings of notes, bills and bonds fell to $1.14 trillion in October compared to $1.15 trillion in Read More

Crude oil slides to year lows on oversupply fears despite agreed cuts

7 hours ago DieselGasoil Comments Off on Crude oil slides to year lows on oversupply fears despite agreed cuts
Oil prices dropped more than 3 percent on Tuesday with main crude benchmarks, Brent and WTI, trading at the lowest levels in more than a year. Forecasts of record US shale oil output triggered worries about global oversupply. West Texas Intermediate (WTI) crude fell nearly 3.5 percent to $48.22 a barrel, its weakest since September Read More

Coal in stocking: Markets on track for worst December since Great Depression

8 hours ago DieselGasoil Comments Off on Coal in stocking: Markets on track for worst December since Great Depression
Wall Street has suffered the worst start to December since 1980, with stocks showing no sign of recovery before the holidays. The Dow and the S&P 500 are heading toward their worst final month since the Great Depression. The Dow Jones Industrial Average lost has 507 points, closing more than two percent lower on Monday. Read More

US protectionism leading global trade into ‘deep crisis’ – EU

10 hours ago DieselGasoil Comments Off on US protectionism leading global trade into ‘deep crisis’ – EU
The EU ambassador to the World Trade Organization (WTO) has lambasted Washington’s tariffs and protectionist trade policy. He called the US the “epicenter” of the crisis in the multilateral trading system. “The multilateral trading system is in a deep crisis and the United States is at its epicenter,” EU ambassador Marс Vanheukelen said on Monday Read More