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Oil drops more than 1 percent as China slowdown bites

1 hour ago DieselGasoil Comments Off on Oil drops more than 1 percent as China slowdown bites
LONDON (Reuters) – Oil prices fell more than 1 percent on Tuesday on signs that an economic slowdown in China was spreading, stoking concerns about global growth and fuel demand. An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo The gloomy Read More

Oil prices drop as China economic slowdown threatens to spread

4 hours ago DieselGasoil Comments Off on Oil prices drop as China economic slowdown threatens to spread
SINGAPORE (Reuters) – Oil prices fell on Tuesday on signs that an economic slowdown in China, the world’s second-largest economy and oil consumer, was spreading, stoking concerns over future fuel demand. An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo The Read More

Oil prices fall 1 percent as China warns of job losses, Korea growth stalls

5 hours ago DieselGasoil Comments Off on Oil prices fall 1 percent as China warns of job losses, Korea growth stalls
SYDNEY/SINGAPORE (Reuters) – Oil prices fell by around one percent on Tuesday as signs of a spreading global economic slowdown stoked concerns over future fuel demand. An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo International Brent crude oil futures were Read More

Pemex's pipeline blast caused by rampant fuel theft, AMLO increases security, again

16 hours ago DieselGasoil Comments Off on Pemex's pipeline blast caused by rampant fuel theft, AMLO increases security, again
By Amy Stillman on 1/21/2019 MEXICO CITY (Bloomberg) — Mexico President Andres Manuel Lopez Obrador is doubling down on a controversial strategy to end fuel theft at Petroleos Mexicanos after a pipeline explosion caused by an illegal tap left at least 89 people dead and many injured. He joins a long line of presidents who Read More

High Speed Transfers, Damen have agreed to third FCS 2710 vessel

19 hours ago DieselGasoil Comments Off on High Speed Transfers, Damen have agreed to third FCS 2710 vessel
1/21/2019 Photo: Tom Nevin (left), managing director, High Speed Transfers and Arjen van Elk (right), sales manager, Damen Shipyards Group. GORINCHEM, The Netherlands — Damen and High Speed Transfers Ltd (HST) have signed a contract for a third FCS 2710 fast crew supply vessel, for delivery in September this year. The FCS 2710 is the Read More

China's 2018 growth slows to 28-year low, more stimulus seen

1 day ago DieselGasoil Comments Off on China's 2018 growth slows to 28-year low, more stimulus seen
BEIJING (Reuters) – China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, dragging 2018 growth to the lowest in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown. FILE PHOTO: A tree is pictured in front of buildings in Beijing’s Read More

China should boost banks' active support for economy: central bank official

1 day ago DieselGasoil Comments Off on China should boost banks' active support for economy: central bank official
SHANGHAI (Reuters) – Encouraging China’s banks to actively increase support for the real economy, rather than relying on authorities’ orders to boost lending, is the key to improving the supply of credit in the economy, a central bank official said on Monday. Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured Read More

Canadians cry oil crisis as pipeline problem grows worse

2 days ago DieselGasoil Comments Off on Canadians cry oil crisis as pipeline problem grows worse
Sixty percent of Canadians now feel that the country’s oil pipeline capacity has reached crisis levels, according to a new survey from the Angus Reed Institute. Pipeline takeaway capacity has bitten into Canada’s oil revenues as Canada’s Western Canadian Select benchmark price continues to trade at an uncomfortable discount. An astonishing 70 percent of all Read More

China set to post slowest growth in 28 years in 2018, more stimulus seen

2 days ago DieselGasoil Comments Off on China set to post slowest growth in 28 years in 2018, more stimulus seen
BEIJING (Reuters) – China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. A woman looks at job advertisements on a wall in Read More

State Department says may ask Trump to scrap another Obama climate order

4 days ago DieselGasoil Comments Off on State Department says may ask Trump to scrap another Obama climate order
(This January 17 story fixes attribution in 8th paragraph to GAO’s David Gootnick instead of anonymous GAO official) FILE PHOTO: The remains of a dead tree are pictured at the almost empty Maria Cristina water reservoir during a severe drought near Castellon, Spain, September 14, 2018. REUTERS/Heino Kalis/File Photo By Timothy Gardner WASHINGTON (Reuters) – Read More