newszine

Saudi Arabia says oil producers want to reduce inventories

1 day ago DieselGasoil Comments Off on Saudi Arabia says oil producers want to reduce inventories
JEDDAH, Saudi Arabia (Reuters) – Saudi Energy Minister Khalid al-Falih said on Sunday there was consensus among OPEC and allied oil producers to drive down crude inventories “gently” but his country would remain responsive to the needs of what he called a fragile market. Saudi Arabian Energy Minister Khalid al-Falih speaks to the media before Read More

OPEC+ will not recommend a course of action on output policy in Jeddah meeting: source

1 day ago DieselGasoil Comments Off on OPEC+ will not recommend a course of action on output policy in Jeddah meeting: source
JEDDAH, Saudi Arabia (Reuters) – A ministerial panel of major OPEC and non-OPEC producers will not recommend a course of action on oil output policy on Sunday, but will highlight the need to continue monitoring the market until the next meeting in June, a source familiar with the discussions said. The panel of top oil Read More

Russia says too early to discuss OPEC+ deal extension

1 day ago DieselGasoil Comments Off on Russia says too early to discuss OPEC+ deal extension
OPEC countries and allied producers need to discuss the situation on the market before making proposals for the cartel’s meeting in June, Russia’s energy minister has said amid calls to further extend output cuts under OPEC+ deal. “I think it’s too early to talk about it . We need to Read More

Saudi energy minister recommends driving down oil inventories, says supply plentiful

1 day ago DieselGasoil Comments Off on Saudi energy minister recommends driving down oil inventories, says supply plentiful
JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia’s energy minister said on Sunday he recommended driving oil inventories down and that global oil supplies were plentiful. Saudi Arabian Energy Minister Khalid al-Falih speaks to the media before the OPEC 14th Meeting of the Joint Ministerial Monitoring Committee in Jeddah, Saudi Arabia, May 19, 2019. REUTERS/Waleed Ali Read More

Exclusive: Saudi’s Falih says sees no oil shortage, but OPEC to act if needed

2 days ago DieselGasoil Comments Off on Exclusive: Saudi’s Falih says sees no oil shortage, but OPEC to act if needed
JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia’s Energy Minister Khalid al-Falih said on Saturday that he saw no oil supply shortage as global oil inventories are still rising, particularly from the United States, but OPEC will be responsive to the oil market’s needs. Saudi Minister of Energy Khalid al-Falih speaks during financial sector conference in Read More

Exclusive: Saudi’s Falih says oil stocks still building, but OPEC to act if needed

3 days ago DieselGasoil Comments Off on Exclusive: Saudi’s Falih says oil stocks still building, but OPEC to act if needed
JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia’s Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market’s needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building. Saudi Minister of Energy Khalid al-Falih speaks during financial Read More

Exclusive: Saudi’s Falih says not sure there is oil shortage, OPEC will act

3 days ago DieselGasoil Comments Off on Exclusive: Saudi’s Falih says not sure there is oil shortage, OPEC will act
Saudi Minister of Energy Khalid al-Falih speaks during financial sector conference in Riyadh, Saudi Arabia April 24, 2019. REUTERS/Stringer. JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia’s Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market’s needs, but that he was not sure there is an oil shortage with Read More

Greenpeace to receive $3 million in settlement with Russia

3 days ago DieselGasoil Comments Off on Greenpeace to receive $3 million in settlement with Russia
AMSTERDAM (Reuters) – Greenpeace will receive 2.7 million euros ($3 million) from Russia under a settlement reached between the Dutch state and Moscow, the environmental group said on Friday. The agreement should end years of legal battles following the seizure by Russian authorities of a Dutch-flagged Greenpeace vessel, the Arctic Sunrise, in 2013 and the Read More

Trade war hurting the U.S. ethanol industry ‘badly’: U.S. Grains Council

5 days ago DieselGasoil Comments Off on Trade war hurting the U.S. ethanol industry ‘badly’: U.S. Grains Council
FILE PHOTO: AltEn LLC ethanol plant is seen in Mead, Nebraska, U.S., March 21, 2019. REUTERS/Humeyra Pamuk/File Photo NEW YORK (Reuters) – The U.S.-China trade war is hurting the U.S. ethanol industry “badly,” Mike Dwyer, chief economist of the U.S. Grains Council, said on Wednesday at an event at New York Sugar week: “Without the Read More