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Costly Saudi defenses prove no match for drones, cruise missiles

3 hours ago DieselGasoil Comments Off on Costly Saudi defenses prove no match for drones, cruise missiles
RIYADH/DUBAI (Reuters) – Billions of dollars spent by Saudi Arabia on cutting edge Western military hardware mainly designed to deter high altitude attacks has proved no match for low-cost drones and cruise missiles used in a strike that crippled its giant oil industry. Smoke is seen following a fire at Aramco facility in the eastern Read More

Cycle of panic & death: Humankind totally not ready for global pandemic, emergency preparedness group warns

3 hours ago DieselGasoil Comments Off on Cycle of panic & death: Humankind totally not ready for global pandemic, emergency preparedness group warns
A sudden lethal pandemic could wipe out tens of millions of people, destroy the world’s economies, and leave humanity in chaos, according to a new report from an emergency preparedness body that isn’t alarmist in the slightest. Citing a reactionary “cycle of panic and neglect” in which health emergencies are dealt with as they arise, Read More

US believes attacks came from Iran as oil supplies resume

4 hours ago DieselGasoil Comments Off on US believes attacks came from Iran as oil supplies resume
By Sharon Marris, news reporter The attack on Saudi Arabia’s oil facilities originated from inside Iran, according to US media reports. It comes as the Saudi energy minister announced that half of the crude oil production cut after the attack had been restored. The remainder will be fully restored by the end of the month, Read More

Explainer: Why Asia’s biggest economies are backing hydrogen fuel cell cars

5 hours ago DieselGasoil Comments Off on Explainer: Why Asia’s biggest economies are backing hydrogen fuel cell cars
TOKYO (Reuters) – China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars. FILE PHOTO: An Air Liquide hydrogen station for hydrogen fuel cell cars is seen in Paris, France, October 13, 2016. Read More

FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies

6 hours ago DieselGasoil Comments Off on FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies
London — Oil prices fell Tuesday, giving back more than half of Monday’s surge, after Saudi energy minister Prince Abdulaziz bin Salman said he expects most of the country’s lost crude production to be restored within two weeks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The fast recovery Read More

Saudi Arabia to restore 11 million b/d production capacity within two weeks: energy minister

8 hours ago DieselGasoil Comments Off on Saudi Arabia to restore 11 million b/d production capacity within two weeks: energy minister
Highlights Abqaiq is processing some 2 million b/d Oil prices fall after Saudi attack update Aramco IPO plan still set for next 12 months London — Saudi Arabia expects to restore most of the crude production affected by attacks on two of its key oil facilities within two weeks, the country’s energy minister said Tuesday, Read More

‘Crazy’ for Polish PM to suggest Nord Stream 2 pipeline is a ‘threat’ to European energy security

10 hours ago DieselGasoil Comments Off on ‘Crazy’ for Polish PM to suggest Nord Stream 2 pipeline is a ‘threat’ to European energy security
It is “rubbish” for Polish PM Mateusz Morawiecki to claim that the Nord Stream 2 pipeline, which will deliver a supply of cheap gas from Russia to the EU, is a “threat” to European energy security, analyst John Laughland told RT. Morawiecki said at a press conference on Tuesday that the pipeline, currently under construction, Read More

UK officials tell migrants in France: You are being lied to

13 hours ago DieselGasoil Comments Off on UK officials tell migrants in France: You are being lied to
British immigration officials have warned migrants in northern France they are being lied to by people smugglers promising them a better life in the UK. Their intervention comes at a time when the number of migrant crossings has been increasing, partly because of camps being cleared. There was another clearance on Tuesday, when almost a Read More

Amazon starts hiring own drivers in German last-mile delivery push

13 hours ago DieselGasoil Comments Off on Amazon starts hiring own drivers in German last-mile delivery push
MANNHEIM, Germany (Reuters) – Amazon has begun hiring its own drivers in Germany and plans to open 11 more distribution centers to expand its delivery business in its second biggest market, the firm’s German logistics chief said in an interview. An outside view of an Amazon logistics centre in Mannheim, Germany, September 17, 2019. REUTERS/Ralph Read More

What’s the future of digital currencies and FinTech regulation? Boom Bust explores…

15 hours ago DieselGasoil Comments Off on What’s the future of digital currencies and FinTech regulation? Boom Bust explores…
As cryptocurrencies continue to expand on the global payment space, governments across the world are seeking to assess and mitigate the perceived risks in using them. RT’s Boom Bust talks to Matthew Roszak, co-founder and chairman of Bloq, on the sidelines of the Invest Asia 2019 summit in Singapore. “Cryptocurrencies still generally are a Read More