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Russia’s most powerful oilman: We're fine with any oil price

21 hours ago DieselGasoil Comments Off on Russia’s most powerful oilman: We're fine with any oil price
Rosneft is fine with any level of oil prices, chief executive Igor Sechin told Kommersant radio station as quoted by news agency TASS. “We manage risks. If prices fall, we will work on increasing our market share,” Sechin said, adding that if prices continued their current slide, Rosneft would focus on maintaining and expanding its market Read More

China's U-turn on market curbs brings back the speculators

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SHANGHAI (Reuters) – Speculators are staging a forceful comeback in China’s stock market, bidding up shares in loss-making companies as regulators ease rules around trading, fundraising and backdoor listings to prop up struggling bourses. FILE PHOTO: Investors look at computer screens showing stock information on the first trading day after the New Year holiday at Read More

Scottish-American start-up Ziyen Inc. moves into oil production

1 day ago DieselGasoil Comments Off on Scottish-American start-up Ziyen Inc. moves into oil production
11/15/2018 SAN DIEGO, Ca. — Scottish-American oil and energy company Ziyen Inc., which has operations in Aberdeen, has achieved first oil as it prepares to enter a new round of funding. The company, which currently owns 13 oil leases, has successfully started production at its Potts lease, Indiana. This means the company has now been Read More

PG&E shares up 37 percent on report regulator does not want bankruptcy

1 day ago DieselGasoil Comments Off on PG&E shares up 37 percent on report regulator does not want bankruptcy
SAN FRANCISCO (Reuters) – PG&E Corp shares soared 37 percent in after-hours trade on Thursday after a report that a California regulatory official told investors that the agency does not want the utility to go into bankruptcy. Employees of Pacific Gas & Electric (PG&E) work in the aftermath of the Camp Fire in Paradise, California, Read More

US Interior moves toward Arctic offshore oil and gas sale in 2019

2 days ago DieselGasoil Comments Off on US Interior moves toward Arctic offshore oil and gas sale in 2019
Highlights Commercial interest severely limited Trump administration focused on boosting Alaska output Industry focus is on expanding drilling in Gulf of Mexico Washington DC — The US Department of Interior said Thursday it was preparing an environmental impact statement for a 2019 lease sale that would open as much as 65 million acres of federal Read More

Bollywood actress claims wrestler took bribe before brutal body slam

2 days ago DieselGasoil Comments Off on Bollywood actress claims wrestler took bribe before brutal body slam
A Bollywood star says an American pro-wrestler took a bribe from a rival actress to brutally body slam her during a celebrity wrestling match, leaving her in pain and fearing she might have trouble walking. US wrestling star Tanea ‘Rebel’ Brooks is on tour throughout India and says she was challenged to a match against popular Read More

A matter of volume: threat from ascendant Chinese phones hangs over Apple

2 days ago DieselGasoil Comments Off on A matter of volume: threat from ascendant Chinese phones hangs over Apple
SAN FRANCISCO (Reuters) – A raft of profit warnings from Apple Inc (AAPL.O) suppliers this week has fueled investor concerns that iPhone sales, in terms of volume, have hit a wall that could spell trouble for the company’s plans to make services its main pillar of growth. FILE PHOTO: A customer compares the size of Read More

Mexican imports of US crude a win for Pemex: CEO Carlos Trevino

2 days ago DieselGasoil Comments Off on Mexican imports of US crude a win for Pemex: CEO Carlos Trevino
New York — Implied volatility for NYMEX crude options across the front three months was trading above 40% Wednesday, CQG data showed, signaling downside risk has not abated despite the rebound in prompt crude prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Second-month NYMEX January crude appeared to Read More

Crude options: Implied volatility signals downside crude risk remains

2 days ago DieselGasoil Comments Off on Crude options: Implied volatility signals downside crude risk remains
New York — Implied volatility for NYMEX crude options across the front three months was trading above 40% Wednesday, CQG data showed, signaling downside risk has not abated despite the rebound in prompt crude prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Second-month NYMEX January crude appeared to Read More

Ackman's Pershing Square exits Mondelez in favor of other bets

2 days ago DieselGasoil Comments Off on Ackman's Pershing Square exits Mondelez in favor of other bets
NEW YORK (Reuters) – Billionaire investor William Ackman has turned his back on snack maker Mondelez International and put the money into potentially more lucrative bets, including global coffee company Starbucks and hotel operator Hilton Worldwide Holdings. William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference Read More