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Toyota to expand plant in Brazil’s Sao Paulo state, joining Volkswagen, GM

39 mins ago DieselGasoil Comments Off on Toyota to expand plant in Brazil’s Sao Paulo state, joining Volkswagen, GM
FILE PHOTO: The Toyota logo is shown at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017. REUTERS/Mike Blake/File Photo SAO PAULO (Reuters) – Toyota Motor Corp (7203.T) on Thursday announced a 1 billion reais ($243.29 million) expansion at a plant in the Brazilian state of Sao Paulo, joining Volkswagen and Read More

Crude oil futures steady amid US stockbuild, geopolitical risks

1 hour ago DieselGasoil Comments Off on Crude oil futures steady amid US stockbuild, geopolitical risks
Singapore — Crude oil futures were largely steady during mid-morning trade in Asia Thursday amid a combination of bullish and bearish factors emerging from a build in US crude stocks and ongoing supply and geopolitical risks in the Middle East. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At Read More

Dubai futures: Brent/Dubai spread tightens as Saudi Arabia seeks Iraqi crude

1 hour ago DieselGasoil Comments Off on Dubai futures: Brent/Dubai spread tightens as Saudi Arabia seeks Iraqi crude
Singapore — Benchmark Dubai crude futures’ discount to ICE Brent tightened in mid-morning trading in Asia Thursday, as sour crude traders digested news that Saudi Arabia might look to Iraq for extra crude volume to meet its supply commitments to term customers and for its own refinery network. Not registered? Receive daily email alerts, subscriber Read More

Saudi Arabia looking to buy Iraqi crude in wake of recent attacks: sources

1 hour ago DieselGasoil Comments Off on Saudi Arabia looking to buy Iraqi crude in wake of recent attacks: sources
Highlights Aramco contacted SOMO for Basrah Light barrels SOMO yet to comply with request Saudi focusing on diverting more barrels for export Singapore — The world’s largest crude exporter, Saudi Arabia has approached Iraq’s State Oil Marketing Organization to buy Iraqi crude as it looks to fill a supply shortfall in the wake of the Read More

Airbnb says second-quarter revenue topped $1 billion

5 hours ago DieselGasoil Comments Off on Airbnb says second-quarter revenue topped $1 billion
FILE PHOTO: A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco, California, U.S., August 2, 2016. REUTERS/Gabrielle Lurie SAN FRANCISCO (Reuters) – Airbnb Inc took in more than $1 billion in revenue for the second quarter of 2019, the second time it exceeded that level in Read More

Purdue Pharma seeks to halt opioid suits against company, Sacklers

5 hours ago DieselGasoil Comments Off on Purdue Pharma seeks to halt opioid suits against company, Sacklers
(Reuters) – OxyContin maker Purdue Pharma LP on Wednesday asked a U.S. bankruptcy judge to halt for roughly nine months more than 2,600 lawsuits alleging the company and its controlling Sackler family helped fuel the U.S. opioid crisis, according to court documents. FILE PHOTO: A pharmacist holds a bottle OxyContin made by Purdue Pharma at Read More

Britain launches first major auction for offshore wind leases in a decade

6 hours ago DieselGasoil Comments Off on Britain launches first major auction for offshore wind leases in a decade
LONDON (Reuters) – Britain has launched its first major auction of offshore wind farm leases in a decade, offering sites with the combined potential to power more than six million homes. Britain is already the world’s largest offshore wind market, and plans to generate a third of its electricity from the technology by 2030 as Read More

Greenfields Petroleum Corporation Announces Extension of Senior Debt Payment

8 hours ago DieselGasoil Comments Off on Greenfields Petroleum Corporation Announces Extension of Senior Debt Payment
HOUSTON, Sept. 18, 2019 (GLOBE NEWSWIRE) — Greenfields Petroleum Corporation (the “Company” or “Greenfields”) (TSX VENTURE: GNF), a production focused company with operating assets in Azerbaijan, announces the execution of a deferral letter with its senior debt lender, Vitol Energy (Bermuda) Ltd. (“Vitol”), to defer payments in the aggregate of $14.3 million (including restructuring fee-$1.4m) Read More

Firm advertised huge returns. It won an award in Monaco. The SEC calls it a fraud

9 hours ago DieselGasoil Comments Off on Firm advertised huge returns. It won an award in Monaco. The SEC calls it a fraud
(Reuters) – Mediatrix Capital said its clients went five years without a single monthly loss. It said it won an award as top global asset manager for its returns over that time. A group in Monaco declared Mediatrix the Best Family Office Asset Manager. The U.S. Securities and Exchange Commission calls Mediatrix a Ponzi-like fraud. Read More

Trump names new US national security advisor, likely maintaining Iran policy

9 hours ago DieselGasoil Comments Off on Trump names new US national security advisor, likely maintaining Iran policy
Highlights New advisor has called Iran ‘sworn enemy’ of US O’Brien appointed as US debates response to Saudi oil attacks Pompeo meeting with Saudi crown prince Washington — US President Trump on Wednesday named Robert C. O’Brien as his new national security advisor, diminishing the dim prospect that US sanctions on Iranian oil flows may Read More