newszine

China's top steelmaking city issues level 2 smog alert

3 hours ago DieselGasoil Comments Off on China's top steelmaking city issues level 2 smog alert
FILE PHOTO: Smoke rises from a chimney among houses as new high-rise residential buildings are seen under construction on a hazy day in the city centre of Tangshan, Hebei province February 18, 2014. REUTERS/Petar Kujundzic/File Photo BEIJING (Reuters) – China’s top steelmaking city of Tangshan issued a second-level or “orange” pollution alert on Tuesday in Read More

Oil prices edge down as global growth worries threaten demand

9 hours ago DieselGasoil Comments Off on Oil prices edge down as global growth worries threaten 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 SYDNEY (Reuters) – Oil prices edged lower on Tuesday as concerns over global economic growth stoked fears over future demand. International Brent crude oil futures were down 10 cents, or 0.2 percent, Read More

Macedonia takes emergency measures as smog engulfs cities

11 hours ago DieselGasoil Comments Off on Macedonia takes emergency measures as smog engulfs cities
A woman covers her face as air pollution reaches dangerous levels in Skopje, Macedonia January 21, 2019. REUTERS/Ognen Teofilovski SKOPJE (Reuters) – The Macedonian government has extended the school break until Jan. 23 and introduced measures to protect people from dangerous air pollution levels which have soared to 10 times above the European Union’s regulatory Read More

Oil steadies near two-month high as U.S. drilling slows down

12 hours ago DieselGasoil Comments Off on Oil steadies near two-month high as U.S. drilling slows down
By Grant Smith and Robert Tuttle on 1/21/2019 Drilling rig in Bakken shale play. Photo: Marathon. LONDON and CALGARY (Bloomberg) — Oil steadied near a two-month high in New York amid a pullback in U.S. drilling activity, while ongoing U.S.-China trade talks left an uncertain outlook for demand. Futures rose 0.2% Monday after surging 3.3% Read More

Enbridge oil pipeline rationing eases little after curtailment

12 hours ago DieselGasoil Comments Off on Enbridge oil pipeline rationing eases little after curtailment
By Robert Tuttle on 1/21/2019 Canada pipeline construction. Photo: Enbridge. CALGARY (Bloomberg) — A month into Alberta’s mandatory oil curtailment and rationing on the country’s biggest heavy-crude export  pipeline system has eased, but very little. Apportionment, the percentage by which each shipper’s nominated volume is reduced in order to meet a pipeline’s capacity, will be 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

SMBC urges jetmakers to erase production snags before raising output

16 hours ago DieselGasoil Comments Off on SMBC urges jetmakers to erase production snags before raising output
PARIS (Reuters) – The head of one of the world’s largest aircraft leasing companies has told leading planemakers to “get their house in order” and wipe out manufacturing delays before pushing already record production rates to even higher levels. FILE PHOTO: General view in a new A320 production line at the Airbus plant in Hamburg, Read More

Global stock markets falter after China data confirms economic slowdown

17 hours ago DieselGasoil Comments Off on Global stock markets falter after China data confirms economic slowdown
LONDON (Reuters) – European shares fell on Monday from six-week highs as a slowdown in China’s economy stalled a global equity rally, but sterling rallied to the day’s highs after Prime Minister Theresa May promised to be more “flexible” with lawmakers over Brexit. Trade in general was subdued with U.S. markets closed for the Martin Read More

Oil falls as slowing China economy dents markets

1 day ago DieselGasoil Comments Off on Oil falls as slowing China economy dents markets
LONDON (Reuters) – Oil prices fell on Monday, in line with weaker stock markets after evidence that economic growth in China, the world’s second largest crude consumer, eased in 2018. A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong province, China January 12, 2017. Picture taken January 12, 2017. REUTERS/Chen Aizhu Read More

Huge backlog could trigger new wave of shale oil

1 day ago DieselGasoil Comments Off on Huge backlog could trigger new wave of shale oil
The number of drilled but uncompleted wells (DUCs) in the US shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog that could add a wave of new supply, even if the pace of drilling begins to slow. The backlog of DUCs has continued to swell, Read More