newszine

Crude oil futures gain on rising geopolitical tensions; Libya

42 mins ago DieselGasoil Comments Off on Crude oil futures gain on rising geopolitical tensions; Libya
Singapore — Crude oil futures kicked off the week on a stronger note in mid-morning trade in Asia Monday, buoyed by renewed supply concerns on mounting geopolitical tensions in the Middle East, after Iran seized a UK chemical tanker and briefly detained a UK-owned VLCC in the Strait of Hormuz Friday. Not registered? Receive daily Read More

Panama cites ‘deliberate violations’ as it disowns UAE-based tanker seized by Iran

23 hours ago DieselGasoil Comments Off on Panama cites ‘deliberate violations’ as it disowns UAE-based tanker seized by Iran
The plot has thickened around the disappearance of the oil tanker MT Riah, towed to Iranian shores last week, with Panama saying it is revoking the ship’s registration over violation of international rules. Panama’s Maritime Authority on Saturday announced that it initiated the process of withdrawing its flag from the Emirati-based tanker Riah, that vanished Read More

Australian territory gives major status to solar plan by Singapore’s Sun Cable

2 days ago DieselGasoil Comments Off on Australian territory gives major status to solar plan by Singapore’s Sun Cable
SYDNEY (Reuters) – Australia’s Northern Territory has given major project status to an ambitious plan to transmit 3 gigawatts (GW) of solar power to Singapore by subsea cable, its chief minister said on Saturday. Michael Gunner said Singaporean firm Sun Cable’s proposed A$20 billion ($14 billion) solar farm near Tennant Creek would be the world’s Read More

Oil climbs as Middle East tensions offset demand worries

2 days ago DieselGasoil Comments Off on Oil climbs as Middle East tensions offset demand worries
NEW YORK (Reuters) – Oil prices rose about 1 percent on Friday after steep losses a day earlier, supported by rising tensions between the United States and Iran, even as concerns that slowing economic growth could dent global oil demand cast a cloud. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Read More

Oil steadies as Middle East tensions counter demand worries, set for weekly fall

2 days ago DieselGasoil Comments Off on Oil steadies as Middle East tensions counter demand worries, set for weekly fall
NEW YORK (Reuters) – Oil prices steadied on Friday after steep losses in the previous session, supported by rising tensions between the United States and Iran, but weighed by concerns slowing economic growth could dent global oil demand. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. Read More

AB InBev sells Australian brewer to Asahi, keeps Asia IPO on radar

3 days ago DieselGasoil Comments Off on AB InBev sells Australian brewer to Asahi, keeps Asia IPO on radar
BRUSSELS/LONDON (Reuters) – Anheuser-Busch InBev (ABI.BR), the world’s largest brewer, is selling its Australian operations to Japan’s Asahi (2502.T) for $11 billion and could revive the stalled flotation of its Asian business as it looks to cut debt. FILE PHOTO: The logo of Anheuser-Busch InBev is pictured inside the brewer’s headquarters in Leuven, Belgium, Feb. Read More

IEA ‘significantly’ concerned on Strait of Hormuz, sees well-supplied oil markets: Birol

3 days ago DieselGasoil Comments Off on IEA ‘significantly’ concerned on Strait of Hormuz, sees well-supplied oil markets: Birol
New Delhi — The International Energy Agency is “significantly” concerned about geopolitical tensions, including in the Strait of Hormuz, but oil markets are currently well supplied and unlikely to see “huge price increases for now,” the head of the agency said Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Read More

Oil jumps after U.S. Navy downs Iranian drone

3 days ago DieselGasoil Comments Off on Oil jumps after U.S. Navy downs Iranian drone
TOKYO/SINGAPORE (Reuters) – Oil prices rose nearly 2% on Friday as tensions brewed again in the Middle East after a U.S. Navy ship destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, Read More