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Trump threatens to lessen US security role in Strait of Hormuz

2 hours ago DieselGasoil Comments Off on Trump threatens to lessen US security role in Strait of Hormuz
Washington — President Donald Trump signaled Monday that the US may lessen its role in the Strait of Hormuz as domestic oil and gas output grows and US energy imports from the Middle East decline. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “China gets 91% of its Oil Read More

Russia extends counter-sanctions against US, EU & allies through 2020

6 hours ago DieselGasoil Comments Off on Russia extends counter-sanctions against US, EU & allies through 2020
President Vladimir Putin has signed a law prolonging the embargo against Western countries that have imposed anti-Russia sanctions. Restrictions will be in force until the end of next year. The document which was published on Russia’s official portal of legal information, reads: “To extend from January 1 to December 31, 2020 the operation of certain Read More

Monsoon covers half of India, to accelerate crop sowing

9 hours ago DieselGasoil Comments Off on Monsoon covers half of India, to accelerate crop sowing
MUMBAI (Reuters) – India’s annual monsoon rains have covered nearly half of the country and conditions are favorable for further advancement into the central and western parts this week, a weather department official said on Monday. The monsoon’s progress will help farmers to accelerate sowing of summer-sown crops, which has been lagging due to a Read More

Analysis: Southeast Asia contributing heavily to ample US-Asia crude flows in 2019

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Singapore — Southeast Asia will likely continue to play a pivotal role in support of ample US-Asia crude oil trades in the second half of 2019 despite China’s faltering appetite for US energy products, with Vietnam aiming to procure two more WTI crude cargoes over the coming quarters. Not registered? Receive daily email alerts, subscriber Read More

Iran welcomes Moscow’s help on its oil sales

17 hours ago DieselGasoil Comments Off on Iran welcomes Moscow’s help on its oil sales
Tehran — Iran reiterated its interest in trading oil with Russia, with Moscow proposing a “trade cooperation,” state television news agency iribnews.ir reported Sunday, citing Central Bank of Iran Governor Abdolnasser Hemmati. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We also are interested in trade relations with them Read More

China says U.S., China should make compromises in trade talks

18 hours ago DieselGasoil Comments Off on China says U.S., China should make compromises in trade talks
BEIJING (Reuters) – China and the United States should be willing to make compromises in trade talks and not insist only on what each side wants, Chinese Vice Commerce Minister Wang Shouwen said on Monday. FILE PHOTO: Chinese Vice Commerce Minister and Deputy China International Trade Representative Wang Shouwen attends a news conference during the Read More

A U.S.-Iran conflict could impact gas markets much more than oil

20 hours ago DieselGasoil Comments Off on A U.S.-Iran conflict could impact gas markets much more than oil
By Stephen Stapczynski and Dan Murtaugh on 6/23/2019 SINGAPORE (Bloomberg) — A potential conflict between the U.S. and Iran could be far more disruptive for liquefied natural gas markets than to the world’s crude shipments. About a quarter of the world’s LNG goes through the Strait of Hormuz, the narrow sea conduit that borders Iran Read More

Extra tariffs on Chinese imports will cost Americans $18 billion-a-year, retail group warns

1 day ago DieselGasoil Comments Off on Extra tariffs on Chinese imports will cost Americans $18 billion-a-year, retail group warns
The world’s largest retail trade association has urged the Trump administration not to impose additional tariffs on China as it would make Americans pay another $18 billion-a-year for various products, from footwear to furniture. The world’s largest retail trade association has urged the Trump administration not to impose additional tariffs on China as it would Read More

Books vs Bucks: Trump’s China tariffs may result in a crippling ‘Bible tax,’ publishers warn

2 days ago DieselGasoil Comments Off on Books vs Bucks: Trump’s China tariffs may result in a crippling ‘Bible tax,’ publishers warn
The proposed tariffs on $300 billion-worth of Chinese imports may have an unintended consequence. A feared shortage of Bibles and children’s books will make the reading of Christianity’s holy text and other reads more expensive. Book publishers say that new levies the Trump administration has threatened to slap on Chinese goods may amount to ‘a Read More