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China prepares its ‘nuclear option’ in trade war

5 hours ago DieselGasoil Comments Off on China prepares its ‘nuclear option’ in trade war
As the trade war continues to escalate, China is becoming increasingly active in Iran and is considering retaliating with what has long been described as the country’s ‘nuclear option’. For the first of these projects – Phase 11 of the supergiant South Pars non-associated gas field (SP11) – last week saw a statement from the chief executive Read More

Amazon.com defeats IRS appeal in U.S. tax dispute

20 hours ago DieselGasoil Comments Off on Amazon.com defeats IRS appeal in U.S. tax dispute
(Reuters) – Amazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary. FILE PHOTO: An Amazon package is seen after being delivered in London, Britain February 29, 2016. REUTERS/Toby Melville/Files In Read More

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

1 day 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

Upwing Energy awarded 10 new downhole rotating device patents

1 day ago DieselGasoil Comments Off on Upwing Energy awarded 10 new downhole rotating device patents
8/16/2019 CERRITOS, CA. – Upwing Energy has been awarded 10 new patents, for critical enabling technologies in the company’s downhole rotating tools, and proprietary methods used to increase hydrocarbon production and recovery. Upwing Energy SCS The U.S. Patent and Trade Office granted seven patents related to Upwing’s SCS, a downhole compressor system, and three patents Read More

Equinor ASA: Notifiable trading – Correction

1 day ago DieselGasoil Comments Off on Equinor ASA: Notifiable trading – Correction
Reference is made to the stock market announcement made 26 July 2019 related to share purchase made by primary insiders in Equinor ASA (OSE: EQNR, NYSE: EQNR). The total number of shares Ørjan Kvelvane, senior vice president in Equinor ASA, holds after the transaction is corrected to 8,440. The corrected announcement for Kvelvane reads as Read More

Invesco thrives in China as former executive Ross leads Trump’s trade war

1 day ago DieselGasoil Comments Off on Invesco thrives in China as former executive Ross leads Trump’s trade war
BOSTON (Reuters) – The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars’ worth of punishing tariffs in America’s deepening trade war. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross speaks during a 17th Latin American Leadership Forum in Brasilia, Brazil August 1, 2019. Read More

US slaps crew of Iranian supertanker with visa ban after it set sail from Gibraltar

1 day ago DieselGasoil Comments Off on US slaps crew of Iranian supertanker with visa ban after it set sail from Gibraltar
Hours after Washington failed to persuade the Gibraltar authorities to not release the Iranian oil tanker, the State Department warned that anyone linked to the vessel will not be able to travel to the US. Unable to stop the Iranian supertanker Grace 1 from leaving Gibraltar, the US will target its crew, comprised of Indian, Read More

Apple says it supports 2.4 million U.S. jobs

2 days ago DieselGasoil Comments Off on Apple says it supports 2.4 million U.S. jobs
FILE PHOTO: A demonstration of the newly released Apple products is seen following the product launch event at the Steve Jobs Theater in Cupertino, California, U.S. September 12, 2018. REUTERS/Stephen Lam (Reuters) – Apple Inc said on Wednesday it was either directly or indirectly responsible for 2.4 million U.S. jobs, up 20% from the 2 Read More

Marksmen Announces Final Closing of Private Placement

2 days ago DieselGasoil Comments Off on Marksmen Announces Final Closing of Private Placement
CALGARY, Alberta, Aug. 15, 2019 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) announces that it has completed the second and final closing (“Second Tranche”) of its previously announced non-brokered private placement of units (the “Units”) of Marksmen at a price of $0.05 per Unit (the “Offering”). The Company issued 1,280,000 Units under Read More

GE shares fall on Madoff whistleblower calling its finances a fraud

2 days ago DieselGasoil Comments Off on GE shares fall on Madoff whistleblower calling its finances a fraud
(Reuters) – General Electric Co (GE.N) shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff’s Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE’s new CEO. Chief Executive Officer Larry Culp said Markopolos’ 175-page report contained factual errors Read More