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Oil mixed on crude demand fears and U.S.-Iran tensions

5 mins ago DieselGasoil Comments Off on Oil mixed on crude demand fears and U.S.-Iran tensions
NEW YORK (Reuters) – Oil prices were mixed on Monday as market concerns about the possibility of a conflict between the United States and Iran eased, while worries about declining crude demand resurfaced. FILE PHOTO: Flames emerge from the flare stacks at the West Qurna-1 oilfield, which is operated by ExxonMobil, near Basra, Iraq June Read More

US-Iran tensions raise threat of an even graver conflict

28 mins ago DieselGasoil Comments Off on US-Iran tensions raise threat of an even graver conflict
By Deborah Haynes, foreign affairs editor President Donald Trump calls it his policy of “maximum pressure” on Iran. He believes a mixture of increasingly tough sanctions coupled with diplomatic isolation will force the Islamic Republic back to the negotiating table. But we have been here before. Tehran has already been subjected to intense international sanctions Read More

Philadelphia refinery fire extinguished; alkylation unit destroyed: sources

1 hour ago DieselGasoil Comments Off on Philadelphia refinery fire extinguished; alkylation unit destroyed: sources
New York — The fire in the alkylation unit at Philadelphia Energy Solutions’ refinery was extinguished Sunday, according to company spokeswoman Cherice Corley. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We can confirm that the fire in the alkylation unit has been extinguished,” Corley said in an email. Read More

UK puts mini-bond regulation under spotlight after LCF collapse

1 hour ago DieselGasoil Comments Off on UK puts mini-bond regulation under spotlight after LCF collapse
LONDON (Reuters) – Britain’s finance ministry said on Monday it would look at whether the regulation regime around mini-bond investments, used to raise funds for small businesses, is up to scratch following the collapse of investment firm London Capital & Finance (LCF). LCF went into administration in January with losses of up to 237 million Read More

Oil prices slip on demand fears, Mideast tensions ease

2 hours ago DieselGasoil Comments Off on Oil prices slip on demand fears, Mideast tensions ease
NEW YORK (Reuters) – Oil prices edged lower on Monday as crude demand concerns resurfaced and the possibility of an imminent conflict between the United States and Iran faded. FILE PHOTO: Flames emerge from the flare stacks at the West Qurna-1 oilfield, which is operated by ExxonMobil, near Basra, Iraq June 1, 2019. REUTERS/Essam Al-Sudani/File Read More

Bitcoin trades above $11,000, after 10% weekend jump

3 hours ago DieselGasoil Comments Off on Bitcoin trades above $11,000, after 10% weekend jump
LONDON/NEW YORK (Reuters) – Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin. The original cryptocurrency hit $11,247.62 on the Bitstamp exchange late on Sunday, its highest since March last Read More

ExxonMobil puts Norwegian business up for sale

5 hours ago DieselGasoil Comments Off on ExxonMobil puts Norwegian business up for sale
London — ExxonMobil is looking at a possible sale of its remaining Norwegian upstream business, comprising minority stakes in 20 producing fields plus numerous license areas, it said Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now A sale would shake out a sizable share of Norwegian production even Read More

Oil prices down 1% as demand fears rise, Mideast tensions ease

5 hours ago DieselGasoil Comments Off on Oil prices down 1% as demand fears rise, Mideast tensions ease
NEW YORK (Reuters) – Oil prices fell about 1% on Monday as crude demand concerns resurfaced and the possibility of an imminent conflict between the United States and Iran began to fade. FILE PHOTO: Flames emerge from the flare stacks at the West Qurna-1 oilfield, which is operated by ExxonMobil, near Basra, Iraq June 1, Read More

Exclusive: Italy’s UniCredit puts possible Commerzbank bid on ice for now – sources

6 hours ago DieselGasoil Comments Off on Exclusive: Italy’s UniCredit puts possible Commerzbank bid on ice for now – sources
LONDON/MILAN (Reuters) – Italy’s UniCredit has put a possible bid for Commerzbank on ice as the German rival does not want to engage in negotiations so soon after the collapse of merger talks with Deutsche Bank, four sources said. FILE PHOTO: A Commerzbank logo is pictured before the bank’s annual news conference in Frankfurt, Germany, Read More

VivoPower International PLC Announces US Solar Portfolio Sale Update and Major Contract Wins in Australian Solar and Data Centers Resulting in Record Forward Order Book

7 hours ago DieselGasoil Comments Off on VivoPower International PLC Announces US Solar Portfolio Sale Update and Major Contract Wins in Australian Solar and Data Centers Resulting in Record Forward Order Book
LONDON, June 24, 2019 (GLOBE NEWSWIRE) — VivoPower International PLC (Nasdaq: VVPR) (“VivoPower” or the “Company”), an international solar and power services company, is pleased to provide an update on the status of its US solar portfolio sale. Since the last update, the sale process has progressed further with new international parties now engaged. In Read More