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OPEC+ affirms commitment to oil cuts, defers decision to extend

11 hours ago DieselGasoil Comments Off on OPEC+ affirms commitment to oil cuts, defers decision to extend
By Dina Khrennikova, Zulfugar Agayev and Annmarie Hordern on 3/18/2019 Photo: Rusiian Energy Minister Alexander Novak. BAKU (Bloomberg) — Saudi Arabia led fellow members of the OPEC+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs. A committee of the most Read More

Precision Drilling Announces Asset Divestitures, Senior Note Redemption and Provides International Contract Update

17 hours ago DieselGasoil Comments Off on Precision Drilling Announces Asset Divestitures, Senior Note Redemption and Provides International Contract Update
This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. All values in Canadian Read More

OPEC urges oil producers to prevent return of surplus this year

4 days ago DieselGasoil Comments Off on OPEC urges oil producers to prevent return of surplus this year
By Grant Smith on 3/14/2019 LONDON (Bloomberg) — OPEC’s secretariat urged oil producers to keep going with efforts to prevent a surplus this year, as supplies from their rivals increase faster than world demand. Key OPEC members and their allies will meet this weekend in Baku, Azerbaijan, to review output curbs they’ve been implementing to Read More

Factbox: Boeing 737 MAX 8 groundings spread around the world

5 days ago DieselGasoil Comments Off on Factbox: Boeing 737 MAX 8 groundings spread around the world
(Reuters) – The United States on Wednesday became the latest to join the long list of countries around the globe to ground Boeing’s 737 MAX aircraft following Sunday’s deadly plane crash in Ethiopia. American civil aviation and Boeing investigators search through the debris at the scene of the Ethiopian Airlines Flight ET 302 plane crash, Read More

Factbox – Boeing 737 MAX 8 groundings spread around the world

6 days ago DieselGasoil Comments Off on Factbox – Boeing 737 MAX 8 groundings spread around the world
SINGAPORE (Reuters) – The European Union’s aviation safety agency EASA suspended all flights in the bloc by Boeing’s 737-8 and 737-9 aircraft following Sunday’s deadly plane crash in Ethiopia. American civil aviation and Boeing investigators search through the debris at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Read More

Ties between Boeing and Trump run deep

6 days ago DieselGasoil Comments Off on Ties between Boeing and Trump run deep
WASHINGTON (Reuters) – When Donald Trump spoke with Boeing CEO Dennis Muilenburg on Tuesday to get assurances about the safety of the 737 MAX plane that crashed in Ethiopia, he wasn’t talking to a stranger. FILE PHOTO: U.S. President Donald Trump talks to reporters as he departs to visit storm-hit areas of Alabama from the Read More

Exclusive: Pompeo to meet oil executives, push U.S. crude exports, Iran policy – sources

7 days ago DieselGasoil Comments Off on Exclusive: Pompeo to meet oil executives, push U.S. crude exports, Iran policy – sources
HOUSTON (Reuters) – U.S. Secretary Of State Mike Pompeo will meet with top oil executives before he addresses a conference on Tuesday, in an effort to get them to help the administration’s effort to boost crude exports to Asia and to support its policy of isolating Iran, according to three people at two companies briefed Read More

Oil drops more than 3 percent as economic outlook weakens, U.S. supply surges

2 weeks ago DieselGasoil Comments Off on Oil drops more than 3 percent as economic outlook weakens, U.S. supply surges
SINGAPORE/LONDON (Reuters) – Oil prices dropped more than 3 percent on Friday on a worsening economic outlook after the European Central Bank warned of continued weakness and fresh data showed U.S. job growth almost stalled in February. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Read More

ADES completes acquisition of operations from Weatherford in Algeria

3 weeks ago DieselGasoil Comments Off on ADES completes acquisition of operations from Weatherford in Algeria
2/28/2019 Photo: Drilling rig in Middle East desert. LONDON and DUBAI — ADES International Holding PLC, an oil & gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has completed the acquisition of four contracted onshore rigs from Weatherford International plc in Algeria. The Read More