newszine

Saudi Aramco asks banks to pitch for roles in IPO: sources

6 hours ago DieselGasoil Comments Off on Saudi Aramco asks banks to pitch for roles in IPO: sources
DUBAI (Reuters) – Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources said, in what could be the world’s biggest IPO. FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Read More

Oil up after drone attack on Saudi field, but OPEC report caps gains

12 hours ago DieselGasoil Comments Off on Oil up after drone attack on Saudi field, but OPEC report caps gains
LONDON (Reuters) – Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs of progress in U.S.-China trade negotiations. FILE PHOTO: A pump jack operates in the Permian Basin oil and natural gas production area near Odessa, Texas, U.S., February 10, Read More

Oil rises as Saudi drone attack stokes export concerns

14 hours ago DieselGasoil Comments Off on Oil rises as Saudi drone attack stokes export concerns
By Saket Sundria and Grant Smith on 8/19/2019 SINGAPORE (Bloomberg) – Oil rose for a second day as a drone attack on a Saudi Arabian oil field revived concerns that the tense Middle East political situation may jeopardize crude exports. Futures in New York advanced as much as 1.7% to trade above $55/bbl. Yemeni rebels Read More

Oil rises after drone attack on Saudi field

16 hours ago DieselGasoil Comments Off on Oil rises after drone attack on Saudi field
LONDON/SINGAPORE (Reuters) – Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs that Sino-U.S. trade tensions could ease. FILE PHOTO: A pump jack operates in the Permian Basin oil and natural gas production area near Odessa, Texas, U.S., February 10, Read More

Oil discovery at the Goddo prospect, on the Utsira High, Norwegian North Sea

18 hours ago DieselGasoil Comments Off on Oil discovery at the Goddo prospect, on the Utsira High, Norwegian North Sea
Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has made an oil discovery at exploration well 16/5-8s, targeting the Goddo prospect in PL815 approximately 14 km South of the Edvard Grieg field in the Norwegian North Sea. The main objective of the well was to prove oil Read More

Oil prices climb after Saudi oilfield attack, but recession worries drag

21 hours ago DieselGasoil Comments Off on Oil prices climb after Saudi oilfield attack, but recession worries drag
SINGAPORE (Reuters) – Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for any signs that Sino-U.S. trade tensions could ease. FILE PHOTO: A pump jack operates in the Permian Basin oil and natural gas production area near Odessa, Texas, U.S., February Read More

China & N. Korea ‘to boost military ties & provide security in Asia-Pacific’ amid tensions with US

2 days ago DieselGasoil Comments Off on China & N. Korea ‘to boost military ties & provide security in Asia-Pacific’ amid tensions with US
China and North Korea will boost military cooperation and work together to assure security in the Asia Pacific, a high-ranking Chinese commander has said. Both Beijing and Pyongyang view US activities in the region as a threat. Days after North Korea made headlines with fresh missile tests, a delegation from Pyongyang has met with Chinese Read More

China prepares its ‘nuclear option’ in trade war

3 days ago DieselGasoil Comments Off on China prepares its ‘nuclear option’ in trade war
As the trade war continues to escalate, China is becoming increasingly active in Iran and is considering retaliating with what has long been described as the country’s ‘nuclear option’. For the first of these projects – Phase 11 of the supergiant South Pars non-associated gas field (SP11) – last week saw a statement from the chief executive Read More

Wall Street ends sharply higher on German stimulus optimism

3 days ago DieselGasoil Comments Off on Wall Street ends sharply higher on German stimulus optimism
NEW YORK (Reuters) – U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, Read More

Wall Street jumps on German stimulus hopes

3 days ago DieselGasoil Comments Off on Wall Street jumps on German stimulus hopes
NEW YORK (Reuters) – Technology shares led Wall Street’s advance on Friday as a waning bond rally and news of potential German economic stimulus brought buyers back to the market at the close of a turbulent week. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More