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Oil closes in on four-month highs on OPEC cuts, U.S. stock draw

60 mins ago DieselGasoil Comments Off on Oil closes in on four-month highs on OPEC cuts, U.S. stock draw
NEW YORK (Reuters) – Oil prices rose to near four-month highs on Monday, supported by the prospect of extended OPEC-led oil supply curbs and signs of inventory declines in U.S. crude stockpiles. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo/File Photo Read More

Oil pulled two ways by economic slowdown, OPEC-led supply cuts

13 hours ago DieselGasoil Comments Off on Oil pulled two ways by economic slowdown, OPEC-led supply cuts
SINGAPORE (Reuters) – Oil prices were mixed on Monday, weighed by concerns that an economic downturn may dent fuel consumption, but supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, Read More

Oil dips on weak economic outlook, but OPEC-led cuts still support

21 hours ago DieselGasoil Comments Off on Oil dips on weak economic outlook, but OPEC-led cuts still support
SINGAPORE (Reuters) – Oil prices dipped early on Monday, weighed down by concerns that a global economic downturn may dent fuel consumption. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo/File Photo However, crude markets remain broadly supported by supply cuts led Read More

Boeing prepares for MAX 737 jets sitting outside factory as deliveries halted

4 days ago DieselGasoil Comments Off on Boeing prepares for MAX 737 jets sitting outside factory as deliveries halted
SEATTLE (Reuters) – Boeing Co confirmed suspension of deliveries of 737 MAX aircraft on Thursday but continues to produce its single-aisle jets at full speed while dealing with the worldwide 737 MAX fleet’s grounding following a deadly Ethiopian Airlines crash. FILE PHOTO: Boeing employees are pictured in front of a 737 MAX 8 produced for Read More

Vantage Drilling International Reports Fourth Quarter and Full-Year 2018 Results

4 days ago DieselGasoil Comments Off on Vantage Drilling International Reports Fourth Quarter and Full-Year 2018 Results
HOUSTON, March 14, 2019 (GLOBE NEWSWIRE) — Vantage Drilling International (“Vantage” or the “Company”) reported a net loss of approximately $52.2 million or $10.44 per share for the three months ended December 31, 2018 as compared to a net loss of $36.6 million or $7.33 per share for the three months ended December 31, 2017. Read More

Boeing 737 MAX deliveries in limbo after deadly crash: sources

5 days ago DieselGasoil Comments Off on Boeing 737 MAX deliveries in limbo after deadly crash: sources
DUBLIN/SEATTLE (Reuters) – Deliveries of Boeing’s best-selling 737 MAX jets were effectively frozen on Wednesday, though production continued, after the United States joined a global grounding of the narrowbody model over safety concerns, industry sources said. American civil aviation and Boeing investigators search through the debris at the scene of the Ethiopian Airlines Flight ET Read More

Pine Cliff Energy Ltd. Announces Annual 2018 Results, Filing of 2018 Disclosure Documents and Operations Update on Pekisko Oil Well

5 days ago DieselGasoil Comments Off on Pine Cliff Energy Ltd. Announces Annual 2018 Results, Filing of 2018 Disclosure Documents and Operations Update on Pekisko Oil Well
CALGARY, Alberta, March 13, 2019 (GLOBE NEWSWIRE) — Pine Cliff Energy Ltd. (“Pine Cliff” or the “Company”) (TSX: PNE) is pleased to announce its year-end financial and operating results, the filing of its 2018 disclosure documents and an operations update on the oil well drilled in Q4 2018. Included in the filings were Pine Cliff’s Read More

Delphi Energy Corp. Reports 2018 Year End Results

5 days ago DieselGasoil Comments Off on Delphi Energy Corp. Reports 2018 Year End Results
CALGARY, Alberta, March 13, 2019 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce its financial and operational results for the year ended December 31, 2018. 2018 HIGHLIGHTS Successfully executed a twelve (7.80 net) well drilling program and various infrastructure projects to support future growth; Completed construction and commissioned the Read More