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Oil rises to $67 on cuts to Saudi, Venezuelan exports

6 days ago DieselGasoil Comments Off on Oil rises to $67 on cuts to Saudi, Venezuelan exports
LONDON (Reuters) – Oil rose to around $67 a barrel on Tuesday, supported by Saudi Arabia’s plan for further voluntary supply curbs in April and by a cut in oil exports from Venezuela due to a power outage. FILE PHOTO: Drilling rigs are parked up in the Cromarty Firth near Invergordon, Scotland, Britain January 27, Read More

European officials reject SpaceX complaints over launch subsidies

3 weeks ago DieselGasoil Comments Off on European officials reject SpaceX complaints over launch subsidies
LAMPOLDSHAUSEN, Germany (Reuters) – European space officials on Tuesday rejected complaints by U.S. rocket builder SpaceX that subsidies are hampering its access to the European market, arguing the much larger U.S. market is virtually closed to Europe’s Ariane satellite launch vehicle. FILE PHOTO: The SpaceX headquarters is shown in Hawthorne, California, U.S. September 19, 2018. Read More

Schools shut, flights canceled as storm sweeps U.S. Midwest, East Coast

4 weeks ago DieselGasoil Comments Off on Schools shut, flights canceled as storm sweeps U.S. Midwest, East Coast
(Reuters) – A winter storm swept across much of the U.S. Midwest and East Coast on Wednesday, hampering air travel and prompting officials to close federal offices in Washington and several large public school systems. The National Weather Service warned the storm could make travel very difficult, with snow, sleet and freezing rain potentially causing Read More

INF Treaty was about European security, not American; US left it to get new missiles – Russian envoy

1 month ago DieselGasoil Comments Off on INF Treaty was about European security, not American; US left it to get new missiles – Russian envoy
The INF Treaty that Washington abandoned was aimed at primarily providing security for Europe, not the US, the Russian envoy to the US said, explaining the US move was driven by a desire to get new missiles. “The INF Treaty is dealing with the security of the European countries and the Russian Federation, not with Read More

‘World economic expansion losing momentum’: IMF cuts global growth forecasts

2 months ago DieselGasoil Comments Off on ‘World economic expansion losing momentum’: IMF cuts global growth forecasts
Risk of a sharper decline in global growth has increased, according to the International Monetary Fund (IMF), which urged the United States and China to resolve their trade war. In a report published on Monday, the fund projected a 3.5 percent growth rate worldwide for 2019 and 3.6 percent growth for 2020. Those are 0.2 Read More