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South Korea's Oct crude imports from Iran remain at zero due to US sanctions

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Seoul — South Korea imported no Iranian crude in October for a second straight month due to the re-imposition of US sanctions on Tehran, according to preliminary data released by the Korea Customs Service Thursday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now In September, South Korea’s imports of Read More

Iraq wants to barter food for desperately needed Iranian gas supplies – report

22 hours ago DieselGasoil Comments Off on Iraq wants to barter food for desperately needed Iranian gas supplies – report
Baghdad is looking for approval from Washington to import Iranian gas and energy supplies in exchange for food items, according to two Iraqi government officials as quoted by Reuters. The Iraqi authorities are reportedly planning to keep on importing Iranian gas, which is used in the country’s power stations, as they need more time for Read More

Weaker retail sales loom over China's economy despite some bright spots

1 day ago DieselGasoil Comments Off on Weaker retail sales loom over China's economy despite some bright spots
BEIJING (Reuters) – China delivered a mixed economic report card for October on Wednesday as softening retail sales pointed to a consumption slowdown, even as a pick-up in industrial output and investment suggested support measures may be starting to take hold. FILE PHOTO: Employees work at a production line of lithium ion batteries inside a Read More

Zotye, Ford's China partner, set to sell SUVs in U.S. in 2020

2 days ago DieselGasoil Comments Off on Zotye, Ford's China partner, set to sell SUVs in U.S. in 2020
FILE PHOTO – An employee pushes a car along a Zotye Automobile Co., Ltd assembly line in Jinhua, Zhejiang province, April 3, 2013. REUTERS/Lang Lang (Reuters) – Zotye Automobile (000980.SZ), a Ford Motor Co (F.N) partner in China, said on Tuesday it planned to begin selling SUVs in the United States in 2020. Ford is Read More

US sanctions hit Iranian cancer patients struggling to get life-saving meds

2 days ago DieselGasoil Comments Off on US sanctions hit Iranian cancer patients struggling to get life-saving meds
US sanctions are driving up the cost of cancer treatment in Iran, patients and doctors say – as restrictions reimposed on Tehran by Washington make it harder to buy life-saving medication and equipment. Ali Shokri, a Tehran resident battling cancer, had his second round of chemotherapy after the US sanctions kicked in. The cost of Read More

General Electric seeks urgent asset sales as bond fears rise

2 days ago DieselGasoil Comments Off on General Electric seeks urgent asset sales as bond fears rise
NEW YORK (Reuters) – General Electric Co (GE.N) will sell assets with “urgency” to reduce its high debt, Chief Executive Officer Larry Culp said on Monday, as GE shares tumbled as much as 10 percent and the cost of insuring its debt hit a six-year high. A General Electric (GE) sign is seen during the Read More

Analysis: US crude supply expected to expand for eighth week amid strong production

3 days ago DieselGasoil Comments Off on Analysis: US crude supply expected to expand for eighth week amid strong production
Highlights Commercial crude likely added 2.33 million barrels last week Surging production, capacity constraints outpacing Refinery runs Strong Bakken margins could weigh on distillate production New York — US crude supply likely expanded last week as strong domestic production outpaced gains in Refinery runs, an S&P Global Platts analysis showed on Monday. Not registered? Receive Read More

Citron's Left calls Tilray surge its 'worst day ever' in market

3 days ago DieselGasoil Comments Off on Citron's Left calls Tilray surge its 'worst day ever' in market
NEW YORK (Reuters) – Andrew Left, one of Wall Street’s most prominent short-sellers, said Tilray Inc gave his firm its “worst day ever in the market” two months ago when its shares almost doubled in one session, but he remains bearish on the Canadian cannabis company. Andrew Left, the founder of Citron Research, speaks during Read More

General Electric seeks 'urgent' asset sales to cut debt: CEO

3 days ago DieselGasoil Comments Off on General Electric seeks 'urgent' asset sales to cut debt: CEO
(Reuters) – General Electric Co (GE.N) is pursuing assets sales with “urgency” to reduce its high debt and is unsure when its ailing power business will hit bottom, Chief Executive Officer Larry Culp said in a television interview on Monday, sending its shares down as much as 10 percent. A General Electric (GE) sign is Read More

Iranian central bank disconnected from SWIFT messaging – US treasury

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The Iranian Central Bank has been cut off the SWIFT financial messaging system, the US Treasury Department has said. Disconnection makes it more difficult for the Islamic Republic to settle import and export bills. SWIFT planned the cutoff for several days, having come under pressure from the US to do so. Treasury Secretary Steven Mnuchin Read More