newszine

Ford's Brazil shutdown highlights automakers' woes with excess capacity

24 mins ago DieselGasoil Comments Off on Ford's Brazil shutdown highlights automakers' woes with excess capacity
SAO PAULO (Reuters) – Ford Motor Co’s oldest factory in Brazil, slated for closure later this year, was a giant among auto plants, occupying a sprawling 12 million square feet (111.5 hectares), bigger than many of the automaker’s U.S. facilities. The Ford logo is seen at the Ford oldest Brazil plant after company announced its Read More

Neptune Energy submits development plans for Duva, Gjøa P1

2 hours ago DieselGasoil Comments Off on Neptune Energy submits development plans for Duva, Gjøa P1
2/21/2019 Duva field. Photo: Neptune Energy. ABERDEEN — Neptune Energy has submitted development plans for the Duva (PL636) and Gjøa P1 (PL153) projects in the Norwegian sector of the North Sea. First production from the projects is expected in late 2020 or early 2021. Total recoverable resources are estimated to be 120 MMboe (Total of Read More

Gazprom Neft demonstrates solid growth across all key financial indicators in 2018

2 hours ago DieselGasoil Comments Off on Gazprom Neft demonstrates solid growth across all key financial indicators in 2018
2/21/2019 Photo: Gazprom Neft. MOSCOW — Revenue for fiscal-year 2018 amounted to $37.9 million (RUB 2,489 billion) , a 28.7% increase year-on-year. Adjusted EBITDA grew by more than 45.1% year-on-year to $12.2 billion (RUB 799.5 billion). This increase reflects positive dynamics of the oil price, improvements in operational efficiency, and continued production growth at the Read More

Empty supertankers reveal truths about today's oil market

4 hours ago DieselGasoil Comments Off on Empty supertankers reveal truths about today's oil market
By Firat Kayakiran on 2/21/2019 LONDON (Bloomberg) — They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market.  In normal times, the vessels would be filled with heavy, high sulfur Read More

Asia shares rise on U.S.-China trade deal optimism, Aussie tumbles

12 hours ago DieselGasoil Comments Off on Asia shares rise on U.S.-China trade deal optimism, Aussie tumbles
TOKYO (Reuters) – Asian shares pulled ahead to fresh 4-1/2-month highs and U.S. equity futures rose on a Reuters report that the United States and China have started to tackle the stickiest issues in their trade war. Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October 11, 2018. REUTERS/Issei Read More

Asia shares up on Fed outlook, Aussie dollar seesaws after jobs data

16 hours ago DieselGasoil Comments Off on Asia shares up on Fed outlook, Aussie dollar seesaws after jobs data
TOKYO (Reuters) – Asian shares pulled ahead to fresh 4-1/2-month highs on Thursday after the U.S. Federal Reserve affirmed it would be “patient” on further interest rate rises and as Sino-U.S. trade talks hinted of progress towards a deal in their tariff war. Visitors look at a stock quotation board at Tokyo Stock Exchange in Read More

Asia shares steady after Fed minutes, Aussie rallies

18 hours ago DieselGasoil Comments Off on Asia shares steady after Fed minutes, Aussie rallies
TOKYO (Reuters) – Asian shares held near 4-1/2-month highs on Thursday after U.S. Federal Reserve minutes affirmed it would be “patient” on interest rate rises and risk assets got a lift from hopes of further progress in U.S.-China trade talks. Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October Read More

Oil near 2019 highs amid OPEC cuts, sanctions on Iran and Venezuela

19 hours ago DieselGasoil Comments Off on Oil near 2019 highs amid OPEC cuts, sanctions on Iran and Venezuela
SINGAPORE (Reuters) – Oil prices hovered just below 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July 21, 2014. REUTERS/Todd Korol/File Photo U.S. West Texas Intermediate (WTI) crude oil futures were at Read More

Essential Energy Services 2018 Fourth Quarter and Year End Financial Results Conference Call and Webcast Details

22 hours ago DieselGasoil Comments Off on Essential Energy Services 2018 Fourth Quarter and Year End Financial Results Conference Call and Webcast Details
CALGARY, Alberta, Feb. 20, 2019 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential”) intends to release its 2018 fourth quarter and year-end financial results on March 6, 2019 and has scheduled a conference call and webcast at 10:00 am MT (12:00 pm ET) on March 7, 2019. The conference call dial in numbers Read More

Asia push, Wall Street support lift stocks; oil rises

23 hours ago DieselGasoil Comments Off on Asia push, Wall Street support lift stocks; oil rises
NEW YORK (Reuters) – World stocks rose on Wednesday, hitting a four-month high on hopes for progress in trade talks between the United States and China, and a supportive backdrop from major central banks also helped push risk assets higher. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, Read More