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U.S. Administration lifts Section 232 steel tariffs on Canada and Mexico, API responds

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5/20/2019 WASHINGTON — API released the following statement on the Administration’s decision to lift tariffs on steel and aluminum imports under Section 232 on Canada and Mexico: “We applaud the Administration for reaching an agreement with Canada and Mexico to lift the 25% steel tariffs and not replace them with harmful quotas that would stifle Read More

Vallourec launches its Open Innovation platform to create new partnerships with innovative companies

7 hours ago DieselGasoil Comments Off on Vallourec launches its Open Innovation platform to create new partnerships with innovative companies
5/20/2019 Photo: Pipeline in Eagle Ford. BOULOGNE-BILLANCOURT — Vallourec has launched its Open Innovation Platform, a website designed to create new partnerships to produce “augmented” pipes. An “augmented” pipe features new functionalities, in addition to its main function of transporting fluids safely and providing a structural component. This year, Vallourec hopes to develop pipes with Read More

‘B Team’ Donald Trump taunted by Iranian minister

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Iran’s foreign minister has goaded Donald Trump on Twitter, after the US president threatened the “official end” of the country. In a tweet, Mohammad Javad Zarif said: “Goaded by #B_Team, @realdonaldTrump hopes to achieve what Alexander, Genghis & other aggressors failed to do. Iranians have stood tall for millennia while aggressors all gone. #EconomicTerrorism & Read More

U.S. President Donald Trump likes fossil fuels but investors don’t

9 hours ago DieselGasoil Comments Off on U.S. President Donald Trump likes fossil fuels but investors don’t
By Matthew A. Winkler on 5/20/2019 Photo: U.S. President Donald Trump. NEW YORK (Bloomberg Opinion) — Fossil fuel never had a better friend in the White House than Donald Trump. So why, two years into his presidency, are investors favoring public companies devoted to renewable energy and giving the Bronx cheer to the coal, gas Read More

Oil traders try to ship dirty Russian crude to Asia

12 hours ago DieselGasoil Comments Off on Oil traders try to ship dirty Russian crude to Asia
SINGAPORE/MOSCOW (Reuters) – Trading companies Vitol and Unipec are sending around 700,000 tonnes of contaminated Russian oil to Asia in an attempt to place the barrels rejected by buyers in Europe, according to trading sources and ship tracking data. FILE PHOTO: An oil storage tank of Russian oil pipeline monopoly Transneft is pictured at the Read More

Saudi Arabia says oil producers want to reduce inventories

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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

Russia’s Energy Minister Novak says too soon to discuss oil-cut options

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By Dina Khrennikova, Grant Smith and Salma El Wardany on 5/19/2019 Photo: Rusiian Energy Minister Alexander Novak. MOSCOW, LONDON and CAIRO (Bloomberg) — Oil producers meeting in Saudi Arabia, must assess the situation in the market before considering possible action such as extending output cuts, Russia’s Energy Minister Alexander Novak told reporters in the Red Read More

Iraq says ExxonMobil evacuation of staff Is `unacceptable’

1 day ago DieselGasoil Comments Off on Iraq says ExxonMobil evacuation of staff Is `unacceptable’
By Khalid Al-Ansary on 5/19/2019 Photo: Iraq Oil Minister Thamir Ghadhban. BAGHDAD (Bloomberg) — The evacuation of some ExxonMobil Corp. workers is “unacceptable and unwarranted” because it has nothing to do with the security situation in southern Iraq, according the country’s energy minister. “This withdrawal may send the wrong message about the situation in Iraq, Read More