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Oil prices drop for third session as oversupply worries drag

1 hour ago DieselGasoil Comments Off on Oil prices drop for third session as oversupply worries drag
SINGAPORE (Reuters) – Oil prices fell more than $1 on Tuesday, dropping for a third session as reports of growing inventory and forecasts of record shale output in the United States stoked worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Read More

Oil prices fall for third straight session amid supply glut worries

4 hours ago DieselGasoil Comments Off on Oil prices fall for third straight session amid supply glut worries
SINGAPORE (Reuters) – Oil prices dropped over 1 percent on Tuesday, falling for a third straight session, as reports of inventory builds and forecasts of record shale output in the United States, currently the world’s biggest producer, stoked worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Read More

Oil prices fall 1 percent amid supply glut worries

6 hours ago DieselGasoil Comments Off on Oil prices fall 1 percent amid supply glut worries
SINGAPORE (Reuters) – Oil prices dropped 1 percent on Tuesday, extending losses from the previous session as reports of a big climb in U.S. inventories and forecasts of record shale output stoked worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Read More

U.S. oil prices drop 1 percent on oversupply fears

7 hours ago DieselGasoil Comments Off on U.S. oil prices drop 1 percent on oversupply fears
SINGAPORE (Reuters) – U.S. oil prices fell 1 percent on Tuesday after slipping below $50 a barrel in the previous session, with reports of a big climb in U.S. inventories and forecasts of record shale output stoking worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture Read More

J&J moves to limit impact of Reuters report on asbestos in Baby Powder

8 hours ago DieselGasoil Comments Off on J&J moves to limit impact of Reuters report on asbestos in Baby Powder
NEW YORK (Reuters) – Johnson & Johnson on Monday scrambled to contain fallout from a Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder, taking out full-page newspaper ads defending its product and practices, and readying its chief executive for his first television interview since investors erased Read More

Eni approves the investment plan for Merakes Development Project in Indonesia

9 hours ago DieselGasoil Comments Off on Eni approves the investment plan for Merakes Development Project in Indonesia
12/17/2018 Photo: Eni. SAN DONATO MILANESE, Milan — Eni will start with the execution of the Merakes Development Project in Indonesia following the approval received by the Minister of Energy of Indonesia and the authorization for the investment plan sanctioned by the company’s board of directors. The Merakes development project, located in the Kutei Basin, Read More

DoubleLine's Gundlach says U.S. equities are in long-term bear market

14 hours ago DieselGasoil Comments Off on DoubleLine's Gundlach says U.S. equities are in long-term bear market
FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, on Monday said the S&P 500 Index is headed to new lows and that U.S. equities are in a Read More

Tendeka continues flow of new technology launches to boost oil recovery

16 hours ago DieselGasoil Comments Off on Tendeka continues flow of new technology launches to boost oil recovery
12/17/2018 Photo: Tendeka CTO Annabell Green. ABERDEEN — In response to the challenges of effective water injection in fractured reservoirs, independent global completions service company Tendeka has launched a new technology to optimize oil production. As an addition to their extensive range of advanced inflow control technology, FloFuse can increase oil recovery by improving injected Read More

Oil drops as oversupply, economic growth worries weigh

17 hours ago DieselGasoil Comments Off on Oil drops as oversupply, economic growth worries weigh
NEW YORK (Reuters) – Oil prices fell about 1 percent on Monday on signs of oversupply in the United States and as investor sentiment remained under pressure from concern over the prospects for global economic growth and fuel demand. A gas station worker pumps fuel into a motorbike at a gas station of the Venezuelan Read More

China to mark economic miracle that pulled 700 million people out of poverty

20 hours ago DieselGasoil Comments Off on China to mark economic miracle that pulled 700 million people out of poverty
China has pledged more economic reforms to push growth higher and help offset any impact from the US trade conflict. It comes as the world’s second-largest economy marks the 40th anniversary of “reform and opening up” this week. Statistics show that more than 700 million Chinese people have shaken off poverty since Beijing started its Read More