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EU establishment cries ‘Russia!’ in desperate bid to defeat critics

3 hours ago DieselGasoil Comments Off on EU establishment cries ‘Russia!’ in desperate bid to defeat critics
With European Parliament elections looming, the establishment parties and mainstream media are reaching for the playbook of US Democrats and hyping the specter of ‘Russia’ to drive voters away from the rising tide of populism. One of the most outspoken liberals in the European Parliament, former Belgian PM Guy Verhofstadt, openly accused five populist politicians Read More

US destroyer armed with missiles enters S. China Sea in challenge to Beijing’s territorial claims

16 hours ago DieselGasoil Comments Off on US destroyer armed with missiles enters S. China Sea in challenge to Beijing’s territorial claims
A US Navy Arleigh Burke-class destroyer sailed next to a disputed shoal in the South China Sea, ignoring repeated warnings from Beijing to stay clear of the region amid rising tensions between the two economic superpowers. On Sunday, the USS Preble (DDG-88), armed with Tomahawk missiles, sailed along the Scarborough Shoal in the South China Read More

Australian, Indian elections boost Asian shares, trade fears ease

16 hours ago DieselGasoil Comments Off on Australian, Indian elections boost Asian shares, trade fears ease
SHANGHAI (Reuters) – Asian shares clawed back some of last week’s losses as investors cheered apparent election wins for conservative incumbents in Australia and India, while broader global trade worries eased after Washington offered to lift some tariffs in North America. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index Read More

China’s farm stocks defy Sino-U.S. trade rout on local demand expectations

18 hours ago DieselGasoil Comments Off on China’s farm stocks defy Sino-U.S. trade rout on local demand expectations
SHANGHAI (Reuters) – The fresh escalation in the long-running Sino-U.S. trade dispute prompted a sharp selloff in Chinese markets last week with the yuan and banking and tech stocks hit particularly hard though some sectors, like farming, managed to outperform. FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai, Read More

Trade uncertainty darkens U.S. small caps outlook

19 hours ago DieselGasoil Comments Off on Trade uncertainty darkens U.S. small caps outlook
NEW YORK (Reuters) – Shares of smaller publicly listed U.S. companies have fallen more on recent U.S.-China trade tensions than larger corporations and could face an even rougher road as the year wears on unless the prospects for economic growth improve. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) Read More

Asian shares steady after steep losses; Saudi comments lift oil

22 hours ago DieselGasoil Comments Off on Asian shares steady after steep losses; Saudi comments lift oil
SHANGHAI (Reuters) – Share markets in Asia got off to a steady start on Monday as investors tried to catch their breath following another week of escalating trade tensions between the United States and China. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, Read More

Russia’s Energy Minister Novak says too soon to discuss oil-cut options

1 day ago DieselGasoil Comments Off on Russia’s Energy Minister Novak says too soon to discuss oil-cut options
By Dina Khrennikova, Grant Smith and Salma El Wardany on 5/19/2019 Photo: Rusiian Energy Minister Alexander Novak. MOSCOW, LONDON and CAIRO (Bloomberg) — Oil producers meeting in Saudi Arabia, must assess the situation in the market before considering possible action such as extending output cuts, Russia’s Energy Minister Alexander Novak told reporters in the Red Read More

Iraq slams Exxon Mobil’s staff evacuation, says it’s politically motivated

1 day ago DieselGasoil Comments Off on Iraq slams Exxon Mobil’s staff evacuation, says it’s politically motivated
Exxon Mobil’s decision to take its foreign employees out from the West Qurna 1 oilfield was unjustified, according to Iraq’s oil minister. He added that the withdrawal does not pose a threat to the country’s oilfields. “The withdrawal of multiple employees – despite their small number – temporarily has nothing to do with the security Read More

Iran wants peace but not ‘afraid’ of war – Revolutionary Guards chief

2 days ago DieselGasoil Comments Off on Iran wants peace but not ‘afraid’ of war – Revolutionary Guards chief
Iran does not want war with the United States, the head of the elite Revolutionary Guards has claimed, adding that Washington lacks the “will” to fight Tehran. “The difference between us and them is that they are afraid of war and don’t have the will for it,” Major General Hossein Salami said, according to the Read More

Saudi Arabia ready to confront Iran with ‘all strength & determination’

2 days ago DieselGasoil Comments Off on Saudi Arabia ready to confront Iran with ‘all strength & determination’
Riyadh will confront Tehran with “all strength and determination,” if need be, the Kingdom’s FM has warned after Crown Prince received a call from Washington in which the sides discussed ways to ensure regional “security.” Tehran seeks to destabilize the entire region, Minister of State for Foreign Affairs Adel al-Jubeir proclaimed at a news conference, demonizing Read More