newszine

Russia, Poland set goal to restart oil pipeline as tensions linger

2 days ago DieselGasoil Comments Off on Russia, Poland set goal to restart oil pipeline as tensions linger
By Maciej Martewicz and Marek Strzelecki on 5/23/2019 Photo: Druzhba pipeline, Russia. WARSAW (Bloomberg) — Although compensation for damage caused during a contamination crisis remains a sticking point, Russia and Poland said flows of clean oil through the giant Druzhba pipeline into Europe could resume within 2 1/2 weeks. Transneft PJSC, Russia’s state crude oil Read More

Who will cash in on US trade wars & how to get around the tariffs? RT’s Boom Bust has the answer

2 days ago DieselGasoil Comments Off on Who will cash in on US trade wars & how to get around the tariffs? RT’s Boom Bust has the answer
While the trade dispute between the US and China is leaving scores of companies in a state of confusion and uncertainty, some beneficiaries are emerging. RT’s Boom Bust talked to Richard Wolff, a professor emeritus of economics at the University of Massachusetts, to find out which nations may capitalize on the trade turmoil, and if Read More

The art of trade war: Chinese firm bans workers from buying American goods & stateside travel

2 days ago DieselGasoil Comments Off on The art of trade war: Chinese firm bans workers from buying American goods & stateside travel
As the US-China trade dispute gets uglier by the day some Chinese corporations seem intent to respond to Washington pressure by fair means or foul. The Jinggang Motor Vehicle Inspection Station, located in the Chinese province of Jiangsu, has issued a strict warning to its employees, reports The Epoch Times. The New York-based, Chinese focused Read More

South Korea’s Apr crude imports from Iran rise 25% on year ahead waiver expiry

2 days ago DieselGasoil Comments Off on South Korea’s Apr crude imports from Iran rise 25% on year ahead waiver expiry
Seoul — South Korea’s crude imports from Iran surged 24.5% year on year in April ahead of the May expiry of its US sanctions waiver, while imports from the US jumped more than five times, data released by Korea National Oil Corp. Thursday showed. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

Analysis: US crude inventories jump on higher production, lower refinery runs

3 days ago DieselGasoil Comments Off on Analysis: US crude inventories jump on higher production, lower refinery runs
Highlights Cushing build helps to widen WTI/Brent spread Strong USGC, Midwest margins lure Canadian crude Refiners maximizing diesel (gasoil) output New York — US crude inventories climbed 4.74 million barrels last week to 476.78 million barrels, with higher production and lower refinery runs helping to offset a decline in imports, US Energy Information Administration data Read More

Analysis: Japan’s peak refinery tunarounds slow exports, may trigger imports

3 days ago DieselGasoil Comments Off on Analysis: Japan’s peak refinery tunarounds slow exports, may trigger imports
Tokyo — The arrival of the peak refinery turnaround season in Japan is prompting a slowdown in exports of gasoil and gasoline from the country, and could potentially create opportunities for oil products to flow into the Asian consumer as the arbitrage window widens. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

China’s other nuclear option in trade war with US – Rare earth materials

3 days ago DieselGasoil Comments Off on China’s other nuclear option in trade war with US – Rare earth materials
Beijing has yet another economic weapon to use against Washington in the escalating trade row – a possible embargo on vital rare earth metals needed to make everything from high-tech devices to fighter jets. A routine visit by President Xi Jinping to a Chinese rare earths facility earlier this week came amid rising tensions between Read More

Italian fashion house Prada to stop using fur

3 days ago DieselGasoil Comments Off on Italian fashion house Prada to stop using fur
By Sarah Hajibagheri, news producer Italian luxury fashion house Prada has announced it will stop using animal fur from next year. The designer brand which has sold mink, fox and rabbit pieces is making the change to meet the demand for ethical products from shoppers. Fur will no longer be part of future designs from Read More

Mass exodus of US firms from China amid trade war won’t mean they’ll be coming home, survey shows

3 days ago DieselGasoil Comments Off on Mass exodus of US firms from China amid trade war won’t mean they’ll be coming home, survey shows
Nearly 40 percent of US corporations operating in China are mulling leaving the country amid the ongoing trade dispute between the two countries, the latest poll carried out by two American business lobby groups in China reveals. “The negative impact of tariffs is clear and hurting the competitiveness of American companies in China,” a press Read More

China’s big three airlines seek Boeing compensation over 737 MAX grounding

3 days ago DieselGasoil Comments Off on China’s big three airlines seek Boeing compensation over 737 MAX grounding
BEIJING (Reuters) – China’s three biggest airlines have asked U.S. planemaker Boeing Co to compensate them for losses caused by the grounding and delayed deliveries of 737 MAX jets, just as regulators gather to discuss design changes for the troubled aircraft. FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference Read More