newszine

Flames & smoke as blast rocks one of Italy’s largest oil refineries

19 hours ago DieselGasoil Comments Off on Flames & smoke as blast rocks one of Italy’s largest oil refineries
An explosion has hit one of the largest refineries in Italy, producing huge plumes of black smoke and making the air unbreathable in the vicinity. The authorities dispatched fire engines to battle the blaze. The ENI oil refinery in Sannazzaro de’ Burgondi, near Milan, caught fire on Tuesday morning, according to local media. People living Read More

Trump says he does not want war after attack on Saudi oil facilities

1 day ago DieselGasoil Comments Off on Trump says he does not want war after attack on Saudi oil facilities
WASHINGTON/DUBAI (Reuters) – U.S. President Donald Trump said on Monday said it looked like Iran was behind attacks on oil plants in Saudi Arabia but stressed he did not want to go to war, as the attacks sent oil prices soaring and raised fears of a new Middle East conflict. Iran has rejected U.S. charges Read More

Trump says looks like Iran was behind Saudi oil attacks

1 day ago DieselGasoil Comments Off on Trump says looks like Iran was behind Saudi oil attacks
WASHINGTON/DUBAI (Reuters) – U.S. President Donald Trump on Monday said it looked like Iran was behind attacks on oil plants in Saudi Arabia at the weekend that raised fears of a fresh Middle East conflict, but added that he did not want war with anyone. Iran has rejected U.S. charges it was to blame for Read More

Saudi Arabia says Iranian weapons were used to attack oil facilities

2 days ago DieselGasoil Comments Off on Saudi Arabia says Iranian weapons were used to attack oil facilities
By Vivian Nereim, Abbas Al Lawati and Bill Faries on 9/16/2019 RIYADH (Bloomberg) – Saudi Arabia said preliminary findings show Iranian weapons were used in the attack on one of its key oil installations, but stopped short of directly blaming the Islamic Republic for the strikes that cut its crude output by half and rattled Read More

Saudi attacks show vulnerabilities to oil infrastructure: analysts

2 days ago DieselGasoil Comments Off on Saudi attacks show vulnerabilities to oil infrastructure: analysts
The ability of a handful of drones to damage some of Saudi Arabia’s biggest oil plants has raised questions why the world’s largest crude exporter was apparently caught by surprise by the attacks, and didn’t cut them off well before they landed, analysts said. Not registered? Receive daily email alerts, subscriber notes & personalize your Read More

‘Locked and loaded’: Trump warns Iran as oil prices surge

2 days ago DieselGasoil Comments Off on ‘Locked and loaded’: Trump warns Iran as oil prices surge
By Alix Culbertson, news reporter Global oil prices surged by nearly 20% following the bombing of two massive Saudi energy plants. Analysts have warned motorists are likely to feel the effects in coming days as pump prices are set to rise, with Californian motorists to be hit the hardest as the state relies on Saudi Read More

Oil prices surge after Saudi drone attacks as US-Iran row deepens

2 days ago DieselGasoil Comments Off on Oil prices surge after Saudi drone attacks as US-Iran row deepens
By Alix Culbertson, news reporter Global oil prices surged by nearly 20% following the bombing of two massive Saudi energy plants. Analysts have warned US motorists are likely to feel the effects in coming days as pump prices are set to rise, with Californian motorists to be hit the hardest as the state relies on Read More

Attack on Saudi oil facilities puts focus back on geopolitical risk

3 days ago DieselGasoil Comments Off on Attack on Saudi oil facilities puts focus back on geopolitical risk
As Saudi Arabia seeks to reassure customers that their crude supplies would see limited impact from the weekend’s drone attacks on its critical crude processing plant, analysts said its significant volumes of oil in storage should help keep exports flowing and mitigate any disruption in the short-term. Not registered? Receive daily email alerts, subscriber notes Read More

‘IS-infested’ island wiped out by 40 tonnes of explosives

7 days ago DieselGasoil Comments Off on ‘IS-infested’ island wiped out by 40 tonnes of explosives
US warplanes have dropped 40 tonnes of explosives on an island in northern Iraq to annihilate an Islamic State hideout. F-15 and F-35 fighter jets were used in the joint operation between US-led coalition forces and the Iraqi Counter-Terrorism Service, which targeted Qanus Island in the Tigris River. Footage of the attack on IS – Read More

APPEC interview: Trafigura sees oil slump to $50/b unless OPEC cuts deeper

7 days ago DieselGasoil Comments Off on APPEC interview: Trafigura sees oil slump to $50/b unless OPEC cuts deeper
Highlights Does not expect oil surplus to shift in the next six months Sees $70/b oil in medium term Singapore — Oil prices are likely to head towards $50/b in the next six months in light of the global economic slowdown, unless OPEC makes larger production cuts, Ben Luckock, co-head of oil trading at commodities Read More