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EU wheat in good shape after rain eases concerns over dry spring

4 days ago DieselGasoil Comments Off on EU wheat in good shape after rain eases concerns over dry spring
HAMBURG (Reuters) – Welcome rain in the four largest European Union wheat producers raised hopes for a good harvest this summer after a dry spring sparked fears of a repeat of last year’s drought-damaged crop, experts said on Friday. FILE PHOTO: A field of unharvested wheat is seen in Remouille, western France, July 6, 2017. Read More

Ford revs up to sell hybrids with appeal of speed and power

5 days ago DieselGasoil Comments Off on Ford revs up to sell hybrids with appeal of speed and power
DETROIT (Reuters) – Ford Motor Co is turning to the automotive marketer’s time-tested themes, speed and power, to sell a new generation of gasoline-electric hybrid vehicles to mass market customers. FILE PHOTO: A 2020 Ford Explorer Hybrid is hooked up to a boat trailer to demonstrate towing power in Dearborn, Michigan, U.S., May 15, 2019. Read More

Weapons tests, stalled talks complicate South Korea’s push for food aid to North

6 days ago DieselGasoil Comments Off on Weapons tests, stalled talks complicate South Korea’s push for food aid to North
SEOUL (Reuters) – Impoverished North Korea is suffering its worst drought in decades and food supplies are reportedly running low, but South Korea’s push to provide aid is bogged down in the growing tension marked by missile tests and sanctions crackdowns. FILE PHOTO: A North Korean flag flutters on top of a 160-metre tower in Read More

Shale boom belies oil patch pain amid Weatherford bankruptcy

6 days ago DieselGasoil Comments Off on Shale boom belies oil patch pain amid Weatherford bankruptcy
By David Wethe on 5/15/2019 Photo: West Texas Permian Basin (Bloomberg) — Oil prices are back up again and the U.S. has become the world’s largest producer and only three years on from a slump in the market. Yet the pain continues for some companies. The boom in American shale output risks masking ongoing woes Read More

Russia aiming to share Saudi output hike as OPEC+ meets

6 days ago DieselGasoil Comments Off on Russia aiming to share Saudi output hike as OPEC+ meets
By Dina Khrennikova on 5/15/2019 MOSCOW (Bloomberg) — Russia will join the OPEC+ talks this weekend having barely fulfilled its pledged production cuts, but keen to secure a share of any potential output increase. In recent months, Russia has indicated it would welcome a return to production growth, said analysts from Fitch Ratings and IHS Read More

Mexico’s rising oil nationalism faces debt-rating crisis

1 week ago DieselGasoil Comments Off on Mexico’s rising oil nationalism faces debt-rating crisis
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador took office in December vowing to revive state-owned energy company Pemex and put the brakes on foreign investment to give the public a bigger cut of the country’s oil wealth. FILE PHOTO: Mexico’s new President Andres Manuel Lopez Obrador reacts to supporters after an event Read More

What’s at stake for Europe Inc in a trade spat with Washington

1 week ago DieselGasoil Comments Off on What’s at stake for Europe Inc in a trade spat with Washington
LONDON (Reuters) – Europe’s listed companies are expected to generate 1.2 trillion euros (£1.04 trillion) in revenue from the United States this year, highlighting what’s at stake as global trade tensions grow and earnings and economic growth stall. A worker sweeps up the floor in preparation for a BMW press conference at the Los Angeles Read More

Pemex gets record $8 billion loan in bid to reassure investors

1 week ago DieselGasoil Comments Off on Pemex gets record $8 billion loan in bid to reassure investors
By Justin Villamil and Cyntia Barrera Diaz on 5/13/2019 Photo: Mexican President Andres Manuel Lopez Obrador. MEXICO CITY (Bloomberg) — Mexico moved to bolster investor confidence in its embattled state oil company, announcing an unprecedented $8 billion syndicated loan along with new tax breaks for the energy producer. Petroleos Mexicanos officials signed the financing agreement Read More

Uber shares fall for second day after ill-fated IPO; Lyft follows

1 week ago DieselGasoil Comments Off on Uber shares fall for second day after ill-fated IPO; Lyft follows
(Reuters) – Uber Technologies Inc shares were set to fall another 7% on Monday, doubling losses since its poorly-received Wall Street debut on Friday and raising more questions about investors’ faith in its ability to make profits. A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the Read More

Exclusive: Turkey presses banks to agree high-stakes bailout of bad energy loans

1 week ago DieselGasoil Comments Off on Exclusive: Turkey presses banks to agree high-stakes bailout of bad energy loans
ISTANBUL (Reuters) – Turkey’s plan to clean up some $13 billion in bad energy loans, one of the worst hangovers from last year’s currency crisis, is taking shape even as some banks hold out for the government to agree to safeguards and higher electricity prices. FILE PHOTO: Skyscrapers in the business and financial district of Read More