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Crude oil slides to year lows on oversupply fears despite agreed cuts

5 hours ago DieselGasoil Comments Off on Crude oil slides to year lows on oversupply fears despite agreed cuts
Oil prices dropped more than 3 percent on Tuesday with main crude benchmarks, Brent and WTI, trading at the lowest levels in more than a year. Forecasts of record US shale oil output triggered worries about global oversupply. West Texas Intermediate (WTI) crude fell nearly 3.5 percent to $48.22 a barrel, its weakest since September Read More

TransCanada Reaches Agreement to Sell Coolidge Generating Station for US$465 Million

1 day ago DieselGasoil Comments Off on TransCanada Reaches Agreement to Sell Coolidge Generating Station for US$465 Million
CALGARY, Alberta, Dec. 17, 2018 (GLOBE NEWSWIRE) — News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it has entered into an agreement to sell its Coolidge Generating Station to SWG Coolidge Holdings, LLC, a wholly owned subsidiary of Southwest Generation Operating Company, LLC, for approximately US$465 million (Cdn$623 million), subject to closing Read More

Green balls of fire! Comet to light up sky in closest pass for the next 20 years (VIDEOS)

4 days ago DieselGasoil Comments Off on Green balls of fire! Comet to light up sky in closest pass for the next 20 years (VIDEOS)
As the Geminid meteor shower reaches its peak another celestial firecracker is inbound, making its closest approach to the Earth for the next 20 years and adding a festive greenish hue to the weekend’s skies. The annual Geminid meteor shower is the last, and strongest, meteor shower of the year. It will shoot green fireballs Read More

Tecogen Selected for 12 Unit Microgrid Order

1 week ago DieselGasoil Comments Off on Tecogen Selected for 12 Unit Microgrid Order
WALTHAM, Mass., Dec. 11, 2018 (GLOBE NEWSWIRE) — Tecogen Inc. (NASDAQ: TGEN), a clean energy company providing ultra-efficient, clean, natural gas powered on-site power, heating and cooling equipment, is pleased to announce that it has secured an order for 12 InVerde e+ units that will be installed in 6 buildings that are part of a Read More

China’s crude oil imports jump to new record high in November

1 week ago DieselGasoil Comments Off on China’s crude oil imports jump to new record high in November
China’s crude oil imports averaged more than 10 million bpd for the first time ever in November, as they beat the previous record for highest crude imports set in October, according to Chinese customs data, as carried by Reuters. Chinese crude oil imports surged to an all-time high of 10.43 million bpd (barrels per day) Read More

Voyager 2 reaches interstellar space – 11 billion miles from Earth

1 week ago DieselGasoil Comments Off on Voyager 2 reaches interstellar space – 11 billion miles from Earth
The Voyager 2 probe has left the protective bubble around the sun and is flying through interstellar space, NASA says. The breakthrough means the spacecraft has become the second human-made object to travel so far. It passed the boundary on 5 November and is now more than 11 billion miles from Earth. Six years ago, Read More

SoftBank's record IPO reaches $23.5 billion after extra share sale

1 week ago DieselGasoil Comments Off on SoftBank's record IPO reaches $23.5 billion after extra share sale
TOKYO (Reuters) – SoftBank Group Corp (9984.T) is set to raise 2.65 trillion yen ($23.5 billion) in Japan’s biggest-ever IPO – a share sale widely regarded as finalizing the group’s transition from domestic telco to a monolithic global tech investor. FILE PHOTO – A pedestrian holding a mobile phone walks past a logo of SoftBank Read More

Oil minister leaving OPEC meeting sparks unfounded fears that talks stalled

2 weeks ago DieselGasoil Comments Off on Oil minister leaving OPEC meeting sparks unfounded fears that talks stalled
As the world was awaiting the results of the Organization of the Petroleum Exporting Countries (OPEC) meeting, a minister leaving the room during negotiations might have spelled doom for the deal. However, on Friday evening, the oil producing countries finally reached a long-anticipated deal to cut crude output by 1.2 million barrels, triggering oil price Read More

Oil prices jump over 4% as OPEC reaches production cut deal

2 weeks ago DieselGasoil Comments Off on Oil prices jump over 4% as OPEC reaches production cut deal
The Organization of the Petroleum Exporting Countries (OPEC) reached a new deal to curb global crude output. Oil prices surged over 4 percent following the news. OPEC members and major oil producing countries led by Russia have agreed to cut crude output by 1.2 million barrels per day (bpd), a spokesman said as quoted by Read More

Oil prices jump 5% as OPEC reaches production cut deal

2 weeks ago DieselGasoil Comments Off on Oil prices jump 5% as OPEC reaches production cut deal
The Organization of the Petroleum Exporting Countries (OPEC) reached a new deal to curb global crude output. Oil prices surged over 5 percent following the news. OPEC member-countries and other oil producing countries have agreed to cut crude output by 1.2 million barrels per day (bpd), a spokesman said as quoted by Bloomberg. The long-anticipated Read More