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Nigeria’s Bonny Light on force majeure due to line closure: Shell

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Exports of Nigeria’s Bonny Light crude have been under force majeure since Friday following the closure of the Nembe Creek Trunk line, terminal operator Shell said Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The force majeure has been in place since Friday morning following “the shutdown of Read More

Trump after Saudi oil attack: ‘I don’t want war but we are prepared’

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By Sanya Burgess, news reporter Donald Trump has said it is “looking like” Iran was behind the attacks on Saudi Arabia’s oil facilities, but he has insisted that he does not want war. The president said he is not looking at retaliatory options until he has “definitive proof” that Tehran was responsible, but added that Read More

Saudi oil attack: ‘Looking like’ Iran was responsible, says Trump

1 day ago DieselGasoil Comments Off on Saudi oil attack: ‘Looking like’ Iran was responsible, says Trump
By Sanya Burgess, news reporter Donald Trump has said it is “looking like” Iran was behind the attacks on Saudi Arabia’s oil facilities but has insisted that he does not want war. The US president said he was not looking at retaliatory options until he has “definitive proof” that Tehran was responsible, but added that Read More

‘Iranian weapons’ used in drone strike on oil plants

2 days ago DieselGasoil Comments Off on ‘Iranian weapons’ used in drone strike on oil plants
By Sanya Burgess, news reporter Oil prices have fallen after an initial spike following a drone attack on Saudi Arabia’s oil facilities, as finger pointing continues over who was responsible. Global prices surged nearly 20% following the bombing of two oil plants, before dropping around 10% when markets calmed in reaction to Donald Trump’s suggestion Read More

Asia’s crude stocks, flexible imports may cover near-term Saudi supply risk

3 days ago DieselGasoil Comments Off on Asia’s crude stocks, flexible imports may cover near-term Saudi supply risk
Asian oil consumers are unlikely to press the panic button following the latest attacks on Saudi Arabia’s critical oil infrastructure as major Saudi crude buyers in both Northeast and South Asia hold adequate oil reserves, while companies have a wide range of alternative supply sources. Not registered? Receive daily email alerts, subscriber notes & personalize Read More

NZ man brings ‘emotional support CLOWN’ to layoff meeting

5 days ago DieselGasoil Comments Off on NZ man brings ‘emotional support CLOWN’ to layoff meeting
Losing a job might be sad and tough, but it rarely gets this weird: a Kiwi adman has turned to the professionals for support during his redundancy meeting, hiring a clown to brighten up the event. Proof of the bizarre incident was obtained by the NZ Herald, which published a photo on Friday from an Read More

Citigroup stands by card strategy despite economic clouds

5 days ago DieselGasoil Comments Off on Citigroup stands by card strategy despite economic clouds
NEW YORK (Reuters) – Some Wall Street analysts have begun to question whether Citigroup Inc’s (C.N) big bet on credit cards will backfire if the U.S. economy enters a recession, despite the bank saying it is underwriting responsibly. Balance transfer envelopes are pictured in a Reuters office in New York, U.S., September 5, 2019. Picture Read More

WeWork considering curbing Neumann’s voting power to save IPO: source

5 days ago DieselGasoil Comments Off on WeWork considering curbing Neumann’s voting power to save IPO: source
(Reuters) – WeWork owner The We Company’s executives, investors and advisers are discussing curbing the voting power of founder Adam Neumann and removing his co-founder wife from a role in succession planning, a person familiar with the matter said on Thursday. FILE PHOTO: A logo of U.S. co-working firm WeWork is pictured during a signing Read More

APPEC: PetroChina to suspend direct imports of Venezuelan crude but China has other options

5 days ago DieselGasoil Comments Off on APPEC: PetroChina to suspend direct imports of Venezuelan crude but China has other options
Singapore — State-run PetroChina will suspend directly buying crude oil from Venezuela, in accordance with US sanctions on the South American producer, but China will continue to procure Venezuelan oil through other means, company and industry sources said on the sidelines of the S&P Global Platts Asia Pacific Petroleum Conference in Singapore this week. Not Read More

Years after nun’s murder, church activists face threats in lawless Amazon

6 days ago DieselGasoil Comments Off on Years after nun’s murder, church activists face threats in lawless Amazon
ANAPU, Brazil (Reuters) – Fourteen years ago, on a dirt road near a remote settlement in northern Brazil, a gunman paid by local cattle ranchers executed a U.S. nun who had spent much of her life fighting to save the Amazon rainforest and advocating for the rural poor. FILE PHOTO: Children play next to logs Read More