newszine

The Suez Canal and SUMED Pipeline are critical chokepoints for oil and natural gas trade

17 hours ago DieselGasoil Comments Off on The Suez Canal and SUMED Pipeline are critical chokepoints for oil and natural gas trade
July 23, 2019 Source: U.S. Energy Information Administration The Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf crude oil, petroleum products, and liquefied natural gas (LNG) shipments to Europe and North America. Located in Egypt, the Suez Canal connects the Red Sea with the Mediterranean Sea, and it is a critical Read More

LG Display to invest $2.6 billion in OLED panel plant in South Korea

1 day ago DieselGasoil Comments Off on LG Display to invest $2.6 billion in OLED panel plant in South Korea
FILE PHOTO: A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo SEOUL (Reuters) – LG Display said on Tuesday that it would invest 3 trillion won ($2.6 billion) in its organic light-emitting diode (OLED) panels production line in South Korea. The Apple supplier earlier forecast a Read More

Halliburton cutting frac jobs, equipment in US and Canada

2 days ago DieselGasoil Comments Off on Halliburton cutting frac jobs, equipment in US and Canada
7/22/2019 HOUSTON – Halliburton is shifting strategy in its largest region to deal with subdued customer spending by shelving unused frac gear and cutting jobs in North America. The world’s biggest provider of fracing equipment, including pumping units and sand-storage silos, declined to tell analysts and investors Monday how much pressure-pumping gear it has parked Read More

Massive heat wave bakes central, eastern U.S., with sweaty night ahead

3 days ago DieselGasoil Comments Off on Massive heat wave bakes central, eastern U.S., with sweaty night ahead
NEW YORK (Reuters) – A gargantuan heat wave hunkered down over the central and eastern United States on Saturday, sending residents to cooling centers and inflicting on Washington a heat index of 106 degrees F (41 C) with even steamier conditions in the forecast. A child cools off in a water feature at a park Read More

Microsoft shares hit record highs, powered by growing cloud sales

5 days ago DieselGasoil Comments Off on Microsoft shares hit record highs, powered by growing cloud sales
(Reuters) – Microsoft Corp (MSFT.O) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs. FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo Since Read More

Microsoft beats estimates, powered by growing cloud profits

5 days ago DieselGasoil Comments Off on Microsoft beats estimates, powered by growing cloud profits
(Reuters) – Microsoft Corp (MSFT.O) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, powered by continued sales increases from its cloud business and a boost from businesses upgrading Windows. FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo Since Read More

Microsoft sales beat expectations as cloud growth slows

5 days ago DieselGasoil Comments Off on Microsoft sales beat expectations as cloud growth slows
(Reuters) – Microsoft Corp (MSFT.O) beat analysts’ estimates for fourth-quarter revenue and profit on Thursday, even as sales growth began to slow for its cloud product Azure and Office software. FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo Since Chief Read More

Sunrun Solar and Battery Systems To Help Replace Retiring Oakland Power Plant

6 days ago DieselGasoil Comments Off on Sunrun Solar and Battery Systems To Help Replace Retiring Oakland Power Plant
SAN FRANCISCO, July 18, 2019 (GLOBE NEWSWIRE) — Sunrun, Inc. (Nasdaq:RUN), the nation’s leading residential solar, battery storage, and energy services company, was awarded a landmark contract on Wednesday evening by the East Bay Community Energy (EBCE) board of directors to help replace the retiring jet-fuel Oakland Power Plant in Oakland, California with home solar Read More

FEATURE: Canadian oil traders see IMO 2020 risk easing on demand, changing market

6 days ago DieselGasoil Comments Off on FEATURE: Canadian oil traders see IMO 2020 risk easing on demand, changing market
Houston — A surging differential for Western Canada’s benchmark heavy crude has traders and analysts wondering if predictions that tighter sulfur requirements for marine fuel will devalue the country’s oil assets are overblown. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Nobody is talking about IMO 2020 anymore,” one Read More

Trade war damage as China growth slows to 27-year low

1 week ago DieselGasoil Comments Off on Trade war damage as China growth slows to 27-year low
By James Sillars, business reporter China’s economic growth slowed to its weakest level since 1992 in the second quarter of the year – damaged by the country’s trade war with the US. Official figures released in Beijing showed an annual rate of growth of 6.2% between March and June. That represented a slowdown on the Read More