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

5 hours 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

Spain’s Globalia to launch new air carrier in Brazil: cabinet minister

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FILE PHOTO: Brazil’s Infrastructure Minister Tarcisio Gomes de Freitas attends an interview with Reuters in Brasilia, Brazil January 22, 2019. REUTERS/Adriano Machado SAO PAULO (Reuters) – Spanish tourism and transportation company Grupo Globalia will launch a new air carrier in Brazil, Brazilian Infrastructure Minister Tarcísio Gomes de Freitas said in a message posted on Twitter Read More

Exclusive: Saudi’s Falih says sees no oil shortage, but OPEC to act if needed

19 hours ago DieselGasoil Comments Off on Exclusive: Saudi’s Falih says sees no oil shortage, but OPEC to act if needed
JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia’s Energy Minister Khalid al-Falih said on Saturday that he saw no oil supply shortage as global oil inventories are still rising, particularly from the United States, but OPEC will be responsive to the oil market’s needs. Saudi Minister of Energy Khalid al-Falih speaks during financial sector conference in Read More

Exclusive: Saudi’s Falih says oil stocks still building, but OPEC to act if needed

1 day ago DieselGasoil Comments Off on Exclusive: Saudi’s Falih says oil stocks still building, but OPEC to act if needed
JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia’s Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market’s needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building. Saudi Minister of Energy Khalid al-Falih speaks during financial Read More

Exclusive: Saudi’s Falih says not sure there is oil shortage, OPEC will act

1 day ago DieselGasoil Comments Off on Exclusive: Saudi’s Falih says not sure there is oil shortage, OPEC will act
Saudi Minister of Energy Khalid al-Falih speaks during financial sector conference in Riyadh, Saudi Arabia April 24, 2019. REUTERS/Stringer. JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia’s Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market’s needs, but that he was not sure there is an oil shortage with Read More

Trump declares some auto imports pose national security threat

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WASHINGTON (Reuters) – U.S. President Donald Trump on Friday declared that some imported vehicles and parts pose a national security threat but delayed a decision for as long as six months on whether to impose tariffs to allow for more time for trade talks with the European Union and Japan. The unprecedented designation of foreign Read More

Pigs may complicate US-China trade negotiations

1 day ago DieselGasoil Comments Off on Pigs may complicate US-China trade negotiations
By Ganesh Rao, business reporter The decline in pig numbers in China could make trade negotiations with the US more complicated, according to new research. A sharp decline in China’s pig population due to an epidemic of African swine fever has reduced the amount of animal feed imported from the United States, according to an Read More

Wall St. falls as trade anxieties spike

1 day ago DieselGasoil Comments Off on Wall St. falls as trade anxieties spike
NEW YORK (Reuters) – Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years. While all three major U.S. indexes struggled for direction for much of the session, they turned Read More

US, Canada to lift tariffs on steel, aluminum & more, stop litigation in WTO – joint statement

1 day ago DieselGasoil Comments Off on US, Canada to lift tariffs on steel, aluminum & more, stop litigation in WTO – joint statement
Washington and Ottawa have agreed to remove steel and aluminum tariffs as part of an agreement regulating the metal trade between the two neighbors, according to a joint statement. The US will lift the 25 percent tariff on steel imports and 10 percent tariff on aluminum President Donald Trump imposed against Canada back in late Read More

Wall Street mixed as strong consumer data dampened by trade jitters

2 days ago DieselGasoil Comments Off on Wall Street mixed as strong consumer data dampened by trade jitters
NEW YORK (Reuters) – Wall Street struggled for gains in an up-and-down session on Friday as mixed headlines on trade dampened positive consumer sentiment data, sending investors into the weekend with little enthusiasm. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan Read More