newszine

U.S. ‘falling behind’ in global race to develop electric vehicle supply chain

12 hours ago DieselGasoil Comments Off on U.S. ‘falling behind’ in global race to develop electric vehicle supply chain
WASHINGTON (Reuters) – The United States is losing the race to extract and refine minerals used to make electric vehicles and should do more to spur domestic production, a bipartisan group of senators said on Tuesday. FILE PHOTO: U.S. Senator Lisa Murkowski (R-AK) speaks with reporters off the Senate floor in Washington, U.S., May 23, Read More

Attacks on Saudi oil facilities – what will it mean for consumers?

13 hours ago DieselGasoil Comments Off on Attacks on Saudi oil facilities – what will it mean for consumers?
NEW YORK (Reuters) – The attack on Saudi facilities on Saturday caused the biggest oil supply disruption for more than 50 years. Here is what it could mean for consumers: Flames emerge from flare stacks at Nahr Bin Umar oil field, north of Basra, Iraq September 16, 2019. REUTERS/Essam Al-Sudani WHERE WILL I FEEL THE Read More

Crude oil futures lower on producer assurances, bearish economic signs

1 day ago DieselGasoil Comments Off on Crude oil futures lower on producer assurances, bearish economic signs
Singapore — Crude oil prices tumbled in mid-morning trade in Asia Tuesday after global producers assured ample availability of oil reserves, allaying supply concerns arising from attacks on Saudi Arabia’s oil facilities, while fresh macroeconomic data weighed on sentiment. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:34 Read More

Americas VLCC rates jump over 17% on increased activity after Saudi attacks

1 day ago DieselGasoil Comments Off on Americas VLCC rates jump over 17% on increased activity after Saudi attacks
Houston — Americas VLCC freight increased more than 17% on US Gulf Coast-loading markets Monday following the attacks on Saudi oil production infrastructure, as bullish owners took advantage of tightened availability in the Americas and a volley of freshly opened cargoes and pushed freight to match strengthened global VLCC sentiment. Not registered? Receive daily email Read More

Trump says looks like Iran was behind Saudi oil attacks

1 day ago DieselGasoil Comments Off on Trump says looks like Iran was behind Saudi oil attacks
WASHINGTON/DUBAI (Reuters) – U.S. President Donald Trump on Monday said it looked like Iran was behind attacks on oil plants in Saudi Arabia at the weekend that raised fears of a fresh Middle East conflict, but added that he did not want war with anyone. Iran has rejected U.S. charges it was to blame for Read More

‘Locked and loaded’: Trump warns Iran as oil prices surge

2 days ago DieselGasoil Comments Off on ‘Locked and loaded’: Trump warns Iran as oil prices surge
By Alix Culbertson, news reporter Global oil prices surged by nearly 20% following the bombing of two massive Saudi energy plants. Analysts have warned motorists are likely to feel the effects in coming days as pump prices are set to rise, with Californian motorists to be hit the hardest as the state relies on Saudi Read More

Oil soars after Saudi facility attacks, weak China data hits shares

2 days ago DieselGasoil Comments Off on Oil soars after Saudi facility attacks, weak China data hits shares
SYDNEY (Reuters) – Oil surged to four-month highs on Monday after weekend attacks on crude facilities in Saudi Arabia sparked supply fears, while shares in Asia extended losses as bleak economic data from China sapped investors’ risk appetite. FILE PHOTO – Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, Read More

Oil prices surge after Saudi drone attacks as US-Iran row deepens

2 days ago DieselGasoil Comments Off on Oil prices surge after Saudi drone attacks as US-Iran row deepens
By Alix Culbertson, news reporter Global oil prices surged by nearly 20% following the bombing of two massive Saudi energy plants. Analysts have warned US motorists are likely to feel the effects in coming days as pump prices are set to rise, with Californian motorists to be hit the hardest as the state relies on Read More

Oil surges, stock futures slip after attack on Saudi facility

2 days ago DieselGasoil Comments Off on Oil surges, stock futures slip after attack on Saudi facility
SYDNEY (Reuters) – Oil prices surged to six-month highs on Monday while Wall Street futures turned lower and safe haven bets returned after weekend attacks on Saudi Arabia’s crude facilities knocked out more than 5% of global oil supply. FILE PHOTO – Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Read More