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Saudis see no need for immediate action on oil market

9 hours ago DieselGasoil Comments Off on Saudis see no need for immediate action on oil market
By Anthony DiPaola, Matthew Martin and Yousef Gamal El-Din on 4/24/2019 DUBAI (Bloomberg) — Saudi Arabia’s energy minister said the world’s biggest oil exporter sees no need to take immediate action in the crude market, signaling a cautious response to the U.S. decision to tighten sanctions on Iran. The kingdom won’t significantly raise output in Read More

Polish refiner PKN Orlen to invest in offshore wind power in 2024

9 hours ago DieselGasoil Comments Off on Polish refiner PKN Orlen to invest in offshore wind power in 2024
PLOCK, Poland (Reuters) – Poland’s biggest oil refiner, state-run PKN Orlen, plans to start investment in offshore wind farms in 2024, Chief Executive Daniel Obajtek said on Wednesday. “We are at the stage of carrying out environmental studies and wind tests … By 2024 we should have finished the preparatory stage. We plan to start Read More

Top U.S. officials to hold trade talks in China next week

14 hours ago DieselGasoil Comments Off on Top U.S. officials to hold trade talks in China next week
WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for trade talks beginning on April 30, the White House said in a statement on Tuesday. FILE PHOTO: Chinese staffers adjust U.S. and Chinese flags before the opening session of trade negotiations between U.S. and Chinese trade representatives Read More

Adding to Ghosn woes, Nissan slashes profit outlook to near-decade low

15 hours ago DieselGasoil Comments Off on Adding to Ghosn woes, Nissan slashes profit outlook to near-decade low
TOKYO (Reuters) – Nissan Motor Co slashed its full-year profit forecast to its lowest in nearly a decade due to weakness in the United States, just as it adjusts to life without Carlos Ghosn and charts its future with alliance partner Renault SA. FILE PHOTO: A Nissan logo is pictured during the media day for Read More

‘Controlled explosion’ near cinema in Colombo, Sri Lanka as police discover ‘suspicious’ bike

16 hours ago DieselGasoil Comments Off on ‘Controlled explosion’ near cinema in Colombo, Sri Lanka as police discover ‘suspicious’ bike
Published time: 24 Apr, 2019 05:27 Edited time: 24 Apr, 2019 05:51 A bomb squad carried out a “controlled explosion” near a movie in Colombo, Sri Lanka after police discovered a “suspicious” scooter, while dealing with the aftermath of a series of bombings that killed 359 people. The controlled explosion was conducted on Wednesday near Read More

Adding to Ghosn woes, Nissan set to further slash profit outlook: report

17 hours ago DieselGasoil Comments Off on Adding to Ghosn woes, Nissan set to further slash profit outlook: report
TOKYO (Reuters) – Nissan Motor Co Ltd could be heading for a bigger-than-expected earnings drop due to weakness in its top markets, just as it adjusts to a future without Carlos Ghosn and grapples with the outlook of its alliance with France’s Renault SA. FILE PHOTO: A Nissan logo is pictured during the media day Read More

Pence to visit Michigan to tout new North American trade deal

1 day ago DieselGasoil Comments Off on Pence to visit Michigan to tout new North American trade deal
WASHINGTON (Reuters) – U.S. Vice President Mike Pence will visit southeast Michigan on Wednesday to make the case that the North American trade deal intended to replace NAFTA would boost the auto industry, the White House said on Tuesday. FILE PHOTO: U.S. Vice President Mike Pence speaks to reporters outside the United Nations Security Council Read More

Oil surges amid OPEC caution to offset Iran sanctions

1 day ago DieselGasoil Comments Off on Oil surges amid OPEC caution to offset Iran sanctions
NEW YORK (Reuters) – Oil prices hit their highest in about six months on Tuesday as sources said Gulf OPEC members were ready to raise output only if there was demand before offsetting any shortfall following a U.S. decision to end waivers for buyers of Iranian crude. Output in Saudi Arabia, the world’s top oil Read More

Europe pledges support of Iran support as Trump targest oil exports

1 day ago DieselGasoil Comments Off on Europe pledges support of Iran support as Trump targest oil exports
By Viktoria Dendrinou and Helene Fouquet on 4/23/2019 BRUSSELS and PARIS (Bloomberg) — Europe confirmed its efforts to aid Iran after the U.S. tightened all exports of Iranian oil for sanctions. The French government and the European Union both said they will abide by the terms of the Iran nuclear accord with world powers even Read More

Putin and Kim to meet on Thursday, Kremlin confirms

1 day ago DieselGasoil Comments Off on Putin and Kim to meet on Thursday, Kremlin confirms
Vladimir Putin and Kim Jong Un will meet in the far eastern Russian city of Vladivostok on Thursday, the Kremlin has confirmed. Russia’s president and the North Korean leader will discuss political and diplomatic efforts to settle the nuclear issue on the Korean peninsula. Kremlin aide Yuri Ushakov told reporters Mr Kim’s visit is key Read More