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China's premier says ready to use more policy tools to help economy

3 days ago DieselGasoil Comments Off on China's premier says ready to use more policy tools to help economy
BEIJING (Reuters) – The Chinese government has additional monetary policy measures that it can take to support economic growth this year, and will even cut “its own flesh” to help finance large-scale tax cuts, Premier Li Keqiang said on Friday. Chinese Premier Li Keqiang speaks at a news conference following the closing session of the Read More

Talk to 'Green New Deal' backers, BP CEO tells oil industry

6 days ago DieselGasoil Comments Off on Talk to 'Green New Deal' backers, BP CEO tells oil industry
HOUSTON (Reuters) – The oil industry should engage with proponents of the “Green New Deal,” a Democratic initiative seeking to radically reduce U.S. dependence on fossil fuels, BP Chief Executive Officer Bob Dudley said on Tuesday. FILE PHOTO: Group Chief Executive of BP Bob Dudley poses for a photograph at the BP International Headquarters in Read More

Enbridge pipeline delay spooks traders in long-term Canada crude market

1 week ago DieselGasoil Comments Off on Enbridge pipeline delay spooks traders in long-term Canada crude market
NEW YORK/CALGARY, Alberta (Reuters) – North American energy traders are reluctant to take up long-term positions on Canadian crude price moves, preferring to stick to spot deals, as uncertainty around government intervention in the market grows following delays to a critical pipeline project. A sign listing emergency contacts for the companies on “Pipeline Alley” (Kinder Read More

Canada court dismisses bid by SNC-Lavalin to escape corruption trial

1 week ago DieselGasoil Comments Off on Canada court dismisses bid by SNC-Lavalin to escape corruption trial
OTTAWA (Reuters) – Canada’s Federal Court on Friday rejected a bid by SNC-Lavalin Group Inc to challenge prosecutors who insist the construction company must face trial on charges of corruption. FILE PHOTO: The SNC-Lavalin Group Inc., headquarters seen in Montreal, Quebec, Canada, February 12, 2019. REUTERS/Christinne Muschi/File Photo The ruling means more challenges for a Read More

Investors favor equity ETFs, junk bonds as risk appetite grows: Lipper

3 weeks ago DieselGasoil Comments Off on Investors favor equity ETFs, junk bonds as risk appetite grows: Lipper
FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 27, 2019. REUTERS/Brendan McDermid (Reuters) – Investors poured money into equity exchange-traded funds and high-yield “junk” bond funds in the week ended on Wednesday, as U.S. President Donald Trump said he would extend a deadline to Read More

Encana discloses 2019 full-year proforma guidance

3 weeks ago DieselGasoil Comments Off on Encana discloses 2019 full-year proforma guidance
Plan to deliver unique combination of free cash flow, return of cash to shareholders and high-margin liquids growth 2019 full-year proforma capital investment plan set at $2.7 to $2.9 billion, with more than 75 percent allocated to its Core 3 liquids plays – Permian, Anadarko and Montney Company proceeding with plan to return cash to Read More

Power of Siberia: Russia’s 3000 km gas pipeline to China 99% complete

3 weeks ago DieselGasoil Comments Off on Power of Siberia: Russia’s 3000 km gas pipeline to China 99% complete
Gazprom has announced that construction of its gas pipeline to China is 99 percent finished. The Russian energy giant is expected to start delivering gas to China via the Power of Siberia line as early as December. In 2019, the company is planning to invest 147.5 billion rubles ($2.24 billion) into the project which is Read More

Aramco CEO says oil industry facing 'a crisis of perception'

3 weeks ago DieselGasoil Comments Off on Aramco CEO says oil industry facing 'a crisis of perception'
FILE PHOTO: The chief executive of Saudi Aramco, Amin Nasser, speaks during an interview with Reuters in Dhahran, Saudi Arabia, December 13, 2017. REUTERS/Hamad I Mohammed LONDON (Reuters) – Saudi Aramco’s chief executive said on Tuesday the oil industry is facing “a crisis of perception” and the views of some observers that the end of Read More