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Oil drops more than 1 percent as China slowdown bites

43 mins ago DieselGasoil Comments Off on Oil drops more than 1 percent as China slowdown bites
LONDON (Reuters) – Oil prices fell more than 1 percent on Tuesday on signs that an economic slowdown in China was spreading, stoking concerns about global growth and fuel demand. An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo The gloomy Read More

Oil steadies near two-month high as U.S. drilling slows down

12 hours ago DieselGasoil Comments Off on Oil steadies near two-month high as U.S. drilling slows down
By Grant Smith and Robert Tuttle on 1/21/2019 Drilling rig in Bakken shale play. Photo: Marathon. LONDON and CALGARY (Bloomberg) — Oil steadied near a two-month high in New York amid a pullback in U.S. drilling activity, while ongoing U.S.-China trade talks left an uncertain outlook for demand. Futures rose 0.2% Monday after surging 3.3% Read More

Tenaris completes acquisition of significant stake in Saudi Steel Pipe Company

22 hours ago DieselGasoil Comments Off on Tenaris completes acquisition of significant stake in Saudi Steel Pipe Company
LUXEMBOURG, Jan. 21, 2019 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE, Buenos Aires and Mexico: TS and MTA Italy: TEN) announced today that it closed its previously-announced acquisition from a private group of 47.79% of the shares of Saudi Steel Pipe Company (“SSP”), a welded steel pipes producer listed on the Saudi stock market, for a Read More

Tenaris completa la compra de una participación significativa en Saudi Steel Pipe Company

22 hours ago DieselGasoil Comments Off on Tenaris completa la compra de una participación significativa en Saudi Steel Pipe Company
LUXEMBURGO, Jan. 21, 2019 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE, Buenos Aires y México: TS y MTA Italia: TEN) (“Tenaris”) anunció hoy el cierre de su compra previamente anunciada a un grupo de inversores privado del 47.79% de las acciones de Saudi Steel Pipe Company (“SSP”), un productor de tubos de acero soldado cotizado en Read More

Oil firms as China's slowdown not as steep as some expected

1 day ago DieselGasoil Comments Off on Oil firms as China's slowdown not as steep as some expected
SINGAPORE (Reuters) – Oil prices firmed on Monday after data showed China’s economic slowdown was not as big as some analysts had expected, with supply cuts led by the Organization of the Petroleum Exporting Countries also offering support. FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Read More

Oil dips as China's economy slows but OPEC-led cuts support

1 day ago DieselGasoil Comments Off on Oil dips as China's economy slows but OPEC-led cuts support
SINGAPORE (Reuters) – Oil prices dipped on Monday as China reported its weakest annual economic growth in 28 years, although oil prices remain relatively well supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC). FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan Read More

Oil dips on weak economic outlook, but OPEC-led cuts support

1 day ago DieselGasoil Comments Off on Oil dips on weak economic outlook, but OPEC-led cuts support
SINGAPORE (Reuters) – Oil prices dipped on Monday, weighed down by expectations that China will report its weakest economic growth in almost three decades amid waning domestic demand and painful U.S. tariffs. FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. Read More

Saipem has been awarded two new offshore contracts from Saudi Aramco for $1.3 billion

1 day ago DieselGasoil Comments Off on Saipem has been awarded two new offshore contracts from Saudi Aramco for $1.3 billion
1/20/2019 Saipem 7000. Photo by Alf van Beem. MILANO, Italy — Saipem has been awarded two EPIC contracts (Engineering, Procurement, Installation, Construction) assigned by the client Saudi Aramco for a total amount of approximately $1.3 billion as part of the Long Term Agreement for offshore activities in Saudi Arabia, renewed in 2015 and in force Read More

German arms manufacturer to sue govt over weapons deliveries’ halt to Saudi Arabia – report

2 days ago DieselGasoil Comments Off on German arms manufacturer to sue govt over weapons deliveries’ halt to Saudi Arabia – report
Berlin might face a lawsuit from one of Germany’s largest defense contractors, Rheinmetall, over its decision to halt all arms deals with Riyadh in the wake of the murder of Saudi journalist Jamal Khashoggi, Der Spiegel reports. Rheinmetall AG might file a claim for compensation against the federal government worth millions of euro, the company Read More

Saudi-led airstrikes rock Sanaa, Yemen casting shadow over 2nd round of peace talks

2 days ago DieselGasoil Comments Off on Saudi-led airstrikes rock Sanaa, Yemen casting shadow over 2nd round of peace talks
Sanaa, Yemen was hit by massive Saudi-led coalition airstrikes, hitting civilian as well as military targets. The raid, described as “violent” by locals, comes before a second round of UN-sponsored peace talks later this month. Coalition warplanes struck several targets across the Houthi-held city in raids on Saturday evening, including training camps, drone storage facility, Read More