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Huge backlog could trigger new wave of shale oil

18 hours ago DieselGasoil Comments Off on Huge backlog could trigger new wave of shale oil
The number of drilled but uncompleted wells (DUCs) in the US shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog that could add a wave of new supply, even if the pace of drilling begins to slow. The backlog of DUCs has continued to swell, Read More

Nissan, Renault not ready to discuss new capital ties: Saikawa

19 hours ago DieselGasoil Comments Off on Nissan, Renault not ready to discuss new capital ties: Saikawa
TOKYO (Reuters) – Nissan CEO Hirota Saikawa said on Monday that he had not heard directly about a reported French proposal to integrate the Japanese carmaker’s management with Renault, adding that it was not the time to discuss revising the partners’ capital ties. FILE PHOTO: Nissan President and Chief Executive Officer Hiroto Saikawa attends a Read More

China vows no leeway for underperformers in war on pollution

22 hours ago DieselGasoil Comments Off on China vows no leeway for underperformers in war on pollution
BEIJING/SHANGHAI (Reuters) – China will order detailed punishment measures for officials in regions that miss air quality targets this winter, refusing to accept unfavorable weather or mounting economic pressure as excuses, an environment ministry official said on Monday. A woman wearing a face mask rides a bicycle on a bridge in front of the financial Read More

China's December property investment slows in sign of fatigue for key GDP driver

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BEIJING (Reuters) – growth in property investment in China cooled to the second slowest pace in 2018 in December, adding to signs of a further slackening in the real estate market in a blow to a key driver economic growth. An uncompleted building is seen next to the Fourth Ring Road in Beijing, China July Read More

Ghosn may have had questionable ethics, co-chair of external Nissan probe says

1 day ago DieselGasoil Comments Off on Ghosn may have had questionable ethics, co-chair of external Nissan probe says
TOKYO (Reuters) – The co-chair of a committee set up by Japanese automaker Nissan Motor Co (7201.T) to examine the root cause of alleged financial misconduct by ousted chairman Carlos Ghosn said he believed Ghosn may have had questionable ethical standards. FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front Read More

China set to post slowest growth in 28 years in 2018, more stimulus seen

2 days ago DieselGasoil Comments Off on China set to post slowest growth in 28 years in 2018, more stimulus seen
BEIJING (Reuters) – China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. A woman looks at job advertisements on a wall in Read More

Facebook shocker: Unsealed docs will detail how social media giant made money off children

2 days ago DieselGasoil Comments Off on Facebook shocker: Unsealed docs will detail how social media giant made money off children
A figurine is seen in front of the Facebook logo in this illustration taken, March 20, 2018. REUTERS/Dado Ruvic – RC155C02C7D0 Facebook will surely be bracing itself for some fresh backlash from the public next week following a number of revealing legal documents being unsealed. Those documents are expected to detail how Facebook made money Read More

Moscow’s pick of new envoy to conflict-ridden CAR is ‘good choice’ – ex-diplomat to RT

4 days ago DieselGasoil Comments Off on Moscow’s pick of new envoy to conflict-ridden CAR is ‘good choice’ – ex-diplomat to RT
Moscow has assigned a new envoy to the Central African Republic (CAR) as the country faces fresh internal conflicts. However, appointing a new ambassador is nothing out of the ordinary, a veteran diplomat told RT. Vladimir Titorenko was appointed ambassador to CAR on Tuesday. He replaced Sergei Lobanov, who had been Moscow’s envoy since 2011. Read More

India's Sun Pharma tumbles on report of fresh allegations by whistleblower

4 days ago DieselGasoil Comments Off on India's Sun Pharma tumbles on report of fresh allegations by whistleblower
(Reuters) – Shares of India’s Sun Pharmaceutical Industries Ltd (SUN.NS) slumped over 13 percent on Friday to near six-year low, after a media report of a complaint by a whistleblower raised fresh concerns on the drugmaker’s corporate governance. A guard walks inside the office of Sun Pharmaceutical Industries Ltd in Mumbai, India, November 13, 2018. Read More

China's growth set to slow to 6.3 percent in 2019, more stimulus seen: Reuters poll

5 days ago DieselGasoil Comments Off on China's growth set to slow to 6.3 percent in 2019, more stimulus seen: Reuters poll
BEIJING (Reuters) – China’s economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs, a Reuters poll showed on Thursday, reinforcing views Beijing will need to roll out more stimulus measures. Workers unload containers from a train at Dahongmen Railway Station in Beijing, China January 14, Read More