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Oil rises more than 1% but sets biggest weekly loss of 2019

22 hours ago DieselGasoil Comments Off on Oil rises more than 1% but sets biggest weekly loss of 2019
NEW YORK (Reuters) – Oil prices climbed more than 1% on Friday ahead of long U.S. and UK holiday weekends, but posted the biggest weekly drop of the year, pressured by rising inventories and worries about the global economy. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July Read More

Oil edges higher but set for biggest weekly loss of 2019

24 hours ago DieselGasoil Comments Off on Oil edges higher but set for biggest weekly loss of 2019
NEW YORK (Reuters) – Oil prices climbed 1 percent on Friday ahead of long U.S. and UK holiday weekends, but were on track for their biggest weekly drop of the year, pressured by rising inventories and worries about the global economy. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Read More

Sweden’s Thunberg demands climate action on day of global school strikes

1 day ago DieselGasoil Comments Off on Sweden’s Thunberg demands climate action on day of global school strikes
STOCKHOLM/BRUSSELS (Reuters) – Swedish teenage activist Greta Thunberg urged European politicians on Friday to focus on a climate crisis instead of “bickering”, as students walked out of classrooms around the world to back her demands for action to stop global warming. With the 28 countries of the European Union voting to choose the bloc’s next Read More

Control of armyworm crucial for China’s grain output targets: ministry

1 day ago DieselGasoil Comments Off on Control of armyworm crucial for China’s grain output targets: ministry
BEIJING (Reuters) – The prevention and control of armyworm is crucial to China’s ability to hit annual grain output targets and maintain economic and social stability, the agriculture ministry said on Friday. The destructive worm has spread to 14 provinces and regions and has been found in 92,000 hectares of farmland in China after it Read More

Asia stocks flat as trade worries linger, Europe to open higher

1 day ago DieselGasoil Comments Off on Asia stocks flat as trade worries linger, Europe to open higher
TOKYO/HONG KONG (Reuters) – Asian stock markets were mixed on Friday, with sentiment torn between investors worried that the U.S.-China trade war was becoming more protracted, and others hopeful that the world’s two largest economies would reach a settlement soon. FILE PHOTO: A man is reflected in an electronic board showing the graph of the Read More

Children step up global calls to fight climate change

2 days ago DieselGasoil Comments Off on Children step up global calls to fight climate change
MELBOURNE/WELLINGTON (Reuters) – Thousands of young activists in Australia and New Zealand launched a global protest on Friday demanding that politicians and business leaders move swiftly to curb greenhouse gas emissions to fight climate change. Protesters take part in a “Climate Rally”, in solidarity with the Global Climate Strike, in Melbourne, Australia, May 24, 2019. Read More

Fears of deeper U.S.-China trade war push Asian shares to four-month low

2 days ago DieselGasoil Comments Off on Fears of deeper U.S.-China trade war push Asian shares to four-month low
Tokyo (Reuters) – Asian stocks stumbled to a four-month low on Friday and crude oil plunged on worries the U.S.-China trade spat was developing into a more entrenched strategic dispute between the world’s two largest economies, pushing investors to safe-haven assets. FILE PHOTO: A man is reflected in an electronic board showing the graph of Read More

Asian shares at four-month low on deepening U.S.-China trade war

2 days ago DieselGasoil Comments Off on Asian shares at four-month low on deepening U.S.-China trade war
Tokyo (Reuters) – Asian shares hobbled near four-month lows on Friday and crude oil plunged on worries the U.S.-China trade spat was developing into a more entrenched strategic dispute between the world’s two largest economies, pushing investors to safe-haven assets. FILE PHOTO: A man is reflected in an electronic board showing the graph of the Read More

Russia, Poland set goal to restart oil pipeline as tensions linger

2 days ago DieselGasoil Comments Off on Russia, Poland set goal to restart oil pipeline as tensions linger
By Maciej Martewicz and Marek Strzelecki on 5/23/2019 Photo: Druzhba pipeline, Russia. WARSAW (Bloomberg) — Although compensation for damage caused during a contamination crisis remains a sticking point, Russia and Poland said flows of clean oil through the giant Druzhba pipeline into Europe could resume within 2 1/2 weeks. Transneft PJSC, Russia’s state crude oil Read More

US forecasters predict ‘near-normal’ Atlantic hurricane season with two-four major storms

2 days ago DieselGasoil Comments Off on US forecasters predict ‘near-normal’ Atlantic hurricane season with two-four major storms
Highlights Outlook sees up to 15 named storms, eight hurricanes Rising US oil, gas exports add to energy sector risks Demand destruction remains top power concern Washington — The US National Oceanic and Atmospheric Administration predicts four to eight hurricanes will develop during this year’s Atlantic hurricane season, including two to four major storms with Read More