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Germany agrees ‘art of the possible’ climate action plan without blowing budget

2 days ago DieselGasoil Comments Off on Germany agrees ‘art of the possible’ climate action plan without blowing budget
BERLIN (Reuters) – Chancellor Angela Merkel’s ruling coalition agreed a package of budget-neutral measures on Friday to protect the climate and restore its green credentials, but drew criticism from environmental groups which had hoped it would go further. (L-R) Defence Minister and leader of the Christian Democratic Union (CDU) Annegret Kramp-Karrenbauer, German Chancellor Angela Merkel, Read More

Germany’s coalition to detail carbon-free plans after marathon talks

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BERLIN (Reuters) – German Chancellor Angela Merkel will on Friday unveil a major new climate protection package thrashed out by parties in her coalition through the night ahead of Friday’s global day of protests by activists demanding action on climate change. Protesters hold a banner reading “The return of the climate chancellor” at the chancellery, Read More

Houston-Area refineries operate normally as tropical storm moves ashore: sources

5 days ago DieselGasoil Comments Off on Houston-Area refineries operate normally as tropical storm moves ashore: sources
HOUSTON (Reuters) – Refineries in Houston, Texas City and Sweeny, Texas were operating normally as Tropical Storm Imelda came ashore on Tuesday afternoon, said companies and sources familiar with plant operations. Eight refineries in the Houston metropolitan area, Texas City and Sweeny can process a combined 2.5 million barrels per day (bpd), or 13.6% of Read More

Wall Street drops after Saudi attacks, energy stocks spike

6 days ago DieselGasoil Comments Off on Wall Street drops after Saudi attacks, energy stocks spike
(Reuters) – Energy stocks spiked while the rest of Wall Street fell on Monday after weekend attacks on Saudi Arabia’s oil facilities added to investors’ concerns about geopolitical risk and a slowing global economy. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 12, 2019. Read More

Beleaguered U.S. energy shares soar after attacks on Saudi facilities

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(Reuters) – Shares of U.S. energy companies surged on Monday, as a jump in oil prices in the wake of attacks on Saudi Arabia’s oil facilities gave new juice to a sector that has been a chronic underperformer. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, Read More

Trump backs plan that would boost biofuel quotas 10% in 2020

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NEW YORK (Reuters) – U.S. President Donald Trump has tentatively approved a plan to increase the amount of biofuels that oil refiners are required to blend each year to compensate for exemptions handed out to small refiners by the Environmental Protection Agency, two sources familiar with the matter said. FILE PHOTO: U.S. President Donald Trump Read More

Wall Street set to open lower after Saudi attacks; energy stocks surge

6 days ago DieselGasoil Comments Off on Wall Street set to open lower after Saudi attacks; energy stocks surge
(Reuters) – Wall Street was set to open lower on Monday as the weekend attack on Saudi Arabian oil facilities knocked out 5% of the world’s supply, sparking concerns over global economic growth and heightening tensions in the Middle East. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Read More

Futures down after Saudi attacks spark rush for safety

6 days ago DieselGasoil Comments Off on Futures down after Saudi attacks spark rush for safety
(Reuters) – U.S. stock index futures slipped on Monday after the weekend attack on Saudi Arabian oil facilities knocked out 5% of the world’s supply, sparking concerns over global economic growth and heightening tensions in the Middle East. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, Read More

If marathons weren’t hard enough already: strap a tree to your back

1 week ago DieselGasoil Comments Off on If marathons weren’t hard enough already: strap a tree to your back
NAIROBI (Reuters) – This Sunday in South Africa, an accountant, an entrepreneur and a boxing executive are among 20 friends running the Cape Town marathon – with saplings strapped to their backs. Activist and treegrower Siyabulela Sokomani takes a selfies as he prepares for the start of the Cape Town marathon, in South Africa September Read More

Factbox: U.S. readies emergency oil reserves in wake of Saudi attacks

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WASHINGTON (Reuters) – The Trump administration said on Saturday it stood ready to tap U.S. emergency oil reserves if needed after attacks in Saudi Arabia shut more than half the crude output in the world’s largest oil exporter. FILE PHOTO – Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS/Jessica Read More