newszine

Oil rises as Germany pledges economic stimulus, OPEC slashes output

11 hours ago DieselGasoil Comments Off on Oil rises as Germany pledges economic stimulus, OPEC slashes output
New York — Crude futures edged higher Friday as Germany’s leadership pledged to undertake economic stimulus measures and OPEC reported sharply lower crude output in July. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX September WTI settled up 40 cents at $54.87/b and ICE October Brent was 41 Read More

Argentina enforces fuel price caps despite warnings of oil production slowdown

12 hours ago DieselGasoil Comments Off on Argentina enforces fuel price caps despite warnings of oil production slowdown
Buenos Aires — Crude sales price falls to $40-42/b Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Caps seen a threat to Vaca Muerta development Refined products imports rise Argentina imposed a 90-day freeze on diesel (gasoil) and gasoline prices Friday, driving down domestic crude prices by around 30% Read More

Rental firm walks away from Tesla order after quality dispute

15 hours ago DieselGasoil Comments Off on Rental firm walks away from Tesla order after quality dispute
FRANKFURT (Reuters) – Car rental company Nextmove has walked away from a 5 million euros ($5.55 million) order for 85 Tesla (TSLA.O) Model 3 electric vehicles following a dispute over how to fix quality issues, the German company said on Friday. FILE PHOTO: Philip Floyd, senior engineering technician for the Insurance Institute for Highway Safety, Read More

‘Proof he has gone mad’ – Trump ridiculed over plan to buy Greenland

16 hours ago DieselGasoil Comments Off on ‘Proof he has gone mad’ – Trump ridiculed over plan to buy Greenland
By Rachael Kennedy, news reporter Donald Trump has reportedly expressed an interest in buying the island of Greenland – sparking a bemused reaction from Danish MPs. The US president is said to have discussed a potential purchase of the autonomous Danish territory during a private meeting with aides and advisers. But there appears to be Read More

Girl won’t be allowed to sing with prestigious German boys’ choir as legal bid fails

16 hours ago DieselGasoil Comments Off on Girl won’t be allowed to sing with prestigious German boys’ choir as legal bid fails
A girl who tried to become the first female member of a 554-year old Berlin boys’ choir has lost her gender discrimination case after a court ruled that the choir had not been sexist when it rejected her application. The State and Cathedral Choir of Berlin has never admitted any women since it was founded Read More

OPEC reports big drop in crude production, amid ‘somewhat bearish’ market outlook

16 hours ago DieselGasoil Comments Off on OPEC reports big drop in crude production, amid ‘somewhat bearish’ market outlook
London — Led by its kingpin Saudi Arabia, which said it pumped at its lowest level in more than five years, OPEC on Friday reported it slashed its crude production in July, as it continues to battle slumping oil prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now OPEC Read More

Germany’s Nextmove cancels Tesla order, citing quality issues

17 hours ago DieselGasoil Comments Off on Germany’s Nextmove cancels Tesla order, citing quality issues
FILE PHOTO: Philip Floyd, senior engineering technician for the Insurance Institute for Highway Safety, demonstrates a front crash prevention test on a 2018 Tesla Model 3 in Ruckersville, Virginia, U.S., July 22, 2019. REUTERS/Amanda Voisard/File Photo FRANKFURT (Reuters) – German car rental firm Nextmove has canceled the bulk of a 100-vehicle order from Tesla worth Read More

OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus

18 hours ago DieselGasoil Comments Off on OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus
LONDON (Reuters) – OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply. FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) Read More

‘Final proof he has gone mad’ – Trump ridiculed over plan to buy Greenland

19 hours ago DieselGasoil Comments Off on ‘Final proof he has gone mad’ – Trump ridiculed over plan to buy Greenland
By Rachael Kennedy, news reporter Donald Trump has reportedly expressed an interest in buying the island of Greenland – sparking a bemused reaction from Danish MPs. The US president is said to have discussed a potential purchase of the autonomous Danish territory during a private meeting with aides and advisers. But there appears to be Read More

OPEC sees ‘somewhat bearish’ oil outlook even as market tightens

20 hours ago DieselGasoil Comments Off on OPEC sees ‘somewhat bearish’ oil outlook even as market tightens
By Grant Smith on 8/16/2019 LONDON (Bloomberg) – Global oil markets face a “somewhat bearish” outlook for the rest of the year amid slowing economic growth and the long-running trade war, even though supplies will be tighter than previously thought, OPEC said. The Organization of Petroleum Exporting Countries, which pumps about a third of the Read More