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Turkey will look for ‘best technology’ elsewhere if US blocks F-35 transfer

3 hours ago DieselGasoil Comments Off on Turkey will look for ‘best technology’ elsewhere if US blocks F-35 transfer
If Turkey can’t get F-35 fighter jets from the US, it will be looking for a substitute elsewhere, the Turkish Foreign Minister said. The US threatened to boot Ankara from the program over its S-400 deal with Russia. Speaking to media after a reception at the Turkish Grand National Assembly on Tuesday, Turkish Foreign Minister Read More

Reuters corrects story on alleged deal between Rosneft and Venezuelan oil company

5 hours ago DieselGasoil Comments Off on Reuters corrects story on alleged deal between Rosneft and Venezuelan oil company
Reuters has corrected its piece alleging a shady scheme involving Russian oil giant Rosneft helping Venezuela evade US sanctions. The news agency said it did not determine that any payments actually took place. The exclusive story was originally published by Reuters on April 18. Based solely on undisclosed “documents and sources,” it claimed that Rosneft was Read More

‘Race we must win’: US spies desperate to beat China on 5G

5 hours ago DieselGasoil Comments Off on ‘Race we must win’: US spies desperate to beat China on 5G
The US intelligence community is pushing for American dominance of 5G technology, citing “national security” implications if China gets there first. President Donald Trump has said US “cannot allow” such a thing to happen. The Office of the Director of National Intelligence (ODNI) tweeted out a reminder on Tuesday that if the US doesn’t step Read More

Trump’s policies lift Lockheed Martin’s profit, shares surge

10 hours ago DieselGasoil Comments Off on Trump’s policies lift Lockheed Martin’s profit, shares surge
(Reuters) – Lockheed Martin Corp reported better-than-expected quarterly profit on Tuesday as U.S. President Donald Trump’s looser policies on foreign arms sales boosted demand for missiles and fighter jets. FILE PHOTO: The logo of Lockheed Martin is seen at Euronaval, the world naval defence exhibition in Le Bourget near Paris, France, October 23, 2018. REUTERS/Benoit Read More

Factbox: Strait of Hormuz – the world’s most important oil artery

12 hours ago DieselGasoil Comments Off on Factbox: Strait of Hormuz – the world’s most important oil artery
LONDON (Reuters) – Iran has said it would block the Strait of Hormuz if it was barred from using the strategic waterway through which about a fifth of oil that is consumed globally passes. Oil tankers pass through the Strait of Hormuz, December 21, 2018. REUTERS/Hamad I Mohammed The threat from an Islamic Revolutionary Guards Read More

U.S. making a mistake politicizing oil: Iran oil minister

12 hours ago DieselGasoil Comments Off on U.S. making a mistake politicizing oil: Iran oil minister
(Reuters) – The United States has made a bad mistake by politicizing oil and using it as a weapon, Iran’s Oil Minister Bijan Zanganeh said in a parliamentary session on Tuesday, the Islamic Republic News Agency (IRNA) reported. FILE PHOTO: Iran’s Oil Minister Bijan Zanganeh arrives for an OPEC meeting in Vienna, Austria, June 22, Read More

Oil surges amid OPEC caution to offset Iran sanctions

12 hours 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

13 hours 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

Washington making ‘bad mistake by politicizing oil & using it as a weapon’ – Tehran

13 hours ago DieselGasoil Comments Off on Washington making ‘bad mistake by politicizing oil & using it as a weapon’ – Tehran
The United States will not be able to bring Iran’s crude exports to zero, Iranian Oil Minister Bijan Zanganeh said. The statement follows US demands that buyers of Iranian oil stop purchases by May 1 or face sanctions. “With all our power, we will work toward breaking America’s sanctions,” Zanganeh said in parliament, according to Read More