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Trump threatens to lessen US security role in Strait of Hormuz

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Washington — President Donald Trump signaled Monday that the US may lessen its role in the Strait of Hormuz as domestic oil and gas output grows and US energy imports from the Middle East decline. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “China gets 91% of its Oil Read More

Trump signs off sanctions ‘targeting Iran’s supreme leader’

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US President Donald Trump has signed off fresh sanctions on Iran which he says will target the country’s supreme leader Ayatollah Ali Khamenei. The moves comes amid escalating tensions between the two countries after Tehran shot down an American drone last week. Speaking in the Oval Office at the White House, Mr Trump said he Read More

Amazon’s new beauty store for professionals pose a threat to beauty retailers

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FILE PHOTO: The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/File Photo (Reuters) – Amazon.com Inc on Monday unveiled its online professional beauty store to sell supplies to licensed professional stylists, barbers and estheticians, weighing on shares of other beauty retailers. It would sell a wide Read More

Trump tells countries to PAY UP if they want US protection in Strait of Hormuz

4 hours ago DieselGasoil Comments Off on Trump tells countries to PAY UP if they want US protection in Strait of Hormuz
Ever the businessman, US President Donald Trump saw something in the ongoing crisis in the Strait of Hormuz most others didn’t: a chance to rake in some cash by demanding foreign nations pay for “protection.” Trump took to Twitter Monday to, once again, call out world governments for supposedly freeloading off the US, this time Read More

Beijing could blacklist FedEx as ‘unreliable entity’ after another Huawei delivery screw-up

7 hours ago DieselGasoil Comments Off on Beijing could blacklist FedEx as ‘unreliable entity’ after another Huawei delivery screw-up
American courier FedEx has apologized for failing to deliver a package to the US which contained a Huawei smartphone. The incident, which is not the first of its kind to affect Huawei, was explained as an “operational mistake.” The parcel belonged to PC Magazine which reportedly tried to send a Huawei P30 smartphone from Britain Read More

GasLog Ltd. and GasLog Partners LP Announce Agreement to Eliminate Incentive Distribution Rights

8 hours ago DieselGasoil Comments Off on GasLog Ltd. and GasLog Partners LP Announce Agreement to Eliminate Incentive Distribution Rights
Monaco, June 24, 2019 (GLOBE NEWSWIRE) — GasLog Ltd. (“GasLog”, the “General Partner”, or the “GP”) (NYSE: GLOG) and GasLog Partners LP (“GasLog Partners” or the “Partnership”) (NYSE: GLOP) announced today an agreement to eliminate the GP’s incentive distribution rights (“IDRs”) in exchange for newly issued limited partner (“LP”) units. In exchange for the IDRs, Read More

Crude oil futures higher amid escalating tensions in the Middle East

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Singapore — Crude oil futures were higher during mid-morning trade in Asia Monday as tensions in the Middle East heightened following an attack on a Saudi airport on Sunday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:25 am Singapore time (0325 GMT), ICE Brent August futures rose Read More

China presents world’s first ‘intelligent’ mega oil tanker

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An oil carrier the size of nearly three football fields has been delivered to its new owner in northeast China. It is the first “smart” carrier in the world, and has a loading capacity of 308,000 tons. The main feature of the vessel ‘New Journey,’ which belongs to the very large crude carrier (VLCC) type, Read More

Pompeo to push Iran pressure campaign, oil sanctions compliance while in India: State official

3 days ago DieselGasoil Comments Off on Pompeo to push Iran pressure campaign, oil sanctions compliance while in India: State official
Highlights US, other suppliers have alleviated loss of Iranian barrels Trump talks with Saudi crown prince about oil market “stability” Trump says sanctions ‘biting’ after aborted strike Washington — US Secretary of State Mike Pompeo will travel to India next week, but will offer no relief from oil sanctions to what was a top Iranian Read More