newszine

Pemex production decline continues despite government stimulus, output targets

3 hours ago DieselGasoil Comments Off on Pemex production decline continues despite government stimulus, output targets
Highlights Crude output falls to 1.68 million b/d in May, still above 2019 low Gross natural gas production rises 25 MMcf/d to 4.84 Bcf/d Denver — Mexico’s state-owned producer Pemex reported a continued decline in its crude oil production last month, which was partially offset by a modest uptick in condensates, natural gas liquids and Read More

Fed pushes back on aggressive U.S. rate cut views

4 hours ago DieselGasoil Comments Off on Fed pushes back on aggressive U.S. rate cut views
NEW YORK (Reuters) – Federal Reserve officials on Tuesday pushed back on market expectations and presidential pressure for the central bank to deliver a significant U.S. interest rate cut of half a percentage point as soon as its next meeting. Chairman Jerome Powell defended the central bank’s independence from President Donald Trump and financial markets, Read More

Powell says Fed insulated from politics, wrestling with rate cuts

5 hours ago DieselGasoil Comments Off on Powell says Fed insulated from politics, wrestling with rate cuts
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” and that its policymakers are wrestling with whether to cut interest rates as President Donald Trump has demanded. FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Read More

Instant view: Powell – Fed is ‘insulated’ from short-term political pressure

6 hours ago DieselGasoil Comments Off on Instant view: Powell – Fed is ‘insulated’ from short-term political pressure
(Reuters) – Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is “insulated from short-term political pressures,” as policymakers faced new calls by President Donald Trump to cut interest rates. FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee meeting in Washington, U.S., Read More

Six arrested in UK and Netherlands over £22m cryptocurrency theft

7 hours ago DieselGasoil Comments Off on Six arrested in UK and Netherlands over £22m cryptocurrency theft
By David Mercer, news reporter Six people have been arrested over the theft of more than £22m worth of cryptocurrency, police in the UK and Netherlands have said. Five men and a woman were detained after search warrants were executed at homes in the South West of England, Amsterdam and Rotterdam on Tuesday morning. The Read More

Why oil’s outlook could be even bleaker than expected

10 hours ago DieselGasoil Comments Off on Why oil’s outlook could be even bleaker than expected
By Bloomberg News on 6/25/2019 SINGAPORE and BEIJING (Bloomberg) — As storm clouds gather over the world’s top oil-consuming region, OPEC and its allies would be advised to pay close attention as they prepare to make a key decision on output curbs early next month. While the Saudi Arabian-led efforts to restrain supply amid surging Read More

LLOG reports start of production at Buckskin Project, in deepwater GOM

10 hours ago DieselGasoil Comments Off on LLOG reports start of production at Buckskin Project, in deepwater GOM
6/25/2019 COVINGTON — LLOG Exploration Company, LLC has announced that it has initiated production from the Buckskin Project in the deepwater Gulf of Mexico. Buckskin is located on Keathley Canyon Blocks 785, 828, 829, 830, 871 and 872 in approximately 6,800 ft of water. The initial phase of this large-scale, deepwater project consists of two Read More

BLOC-X launches first independent e-trading software for OTC oil block futures markets

10 hours ago DieselGasoil Comments Off on BLOC-X launches first independent e-trading software for OTC oil block futures markets
6/25/2019 LONDON — BLOC-X has announced the launch of its electronic trading software for over-the-counter (OTC) oil block futures transactions. As the first independent trading solution for oil block futures, BLOC-X aims to reduce transaction costs for market traders by up to 90% and to create a level playing field for all market participants eliminating Read More