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Gold hits 10-month peak on growth worries; dollar slips

6 hours ago DieselGasoil Comments Off on Gold hits 10-month peak on growth worries; dollar slips
NEW YORK (Reuters) – Gold prices rose to a 10-month high on Tuesday as concerns over a global economic slowdown spurred a safe-haven bid and were also supported by a weaker U.S. dollar, which fell on optimism for a breakthrough in U.S.-China trade talks. FILE PHOTO: Gold bullion is displayed at Hatton Garden Metals precious Read More

Egypt is shaping up to become a real energy hub

2 days ago DieselGasoil Comments Off on Egypt is shaping up to become a real energy hub
Egypt’s oil and gas future looks very bright. The large scale concessions awarded during the EGYPS2019 conference in Cairo, 11-13 February, shows the appetite of IOCs, such as Shell, BP and ENI in this emerging energy hotspot. After years of a major slump, partly due to continuing payment and security issues, the Pharaohs are again Read More

Airbus to scrap A380 superjumbo production as sales slump

6 days ago DieselGasoil Comments Off on Airbus to scrap A380 superjumbo production as sales slump
TOULOUSE, France (Reuters) – Europe’s Airbus is scrapping production of the A380 superjumbo, with lackluster sales forcing it to abandon a dream of dominating the skies with a 21st century cruiseliner. The world’s largest airliner, with two decks of spacious cabins and room for 544 people in standard layout, was designed to challenge Boeing’s legendary Read More

Not time yet to discuss Nissan chairmanship, Renault's Senard says

6 days ago DieselGasoil Comments Off on Not time yet to discuss Nissan chairmanship, Renault's Senard says
TOKYO (Reuters) – The new chairman of French automaker Renault on Thursday said it was not the time to discuss whether he would also take the helm of Nissan, as he arrived in Japan to reaffirm an alliance rocked by the arrest and ouster of former Chairman Carlos Ghosn. FILE PHOTO: Jean-Dominique Senard, Michelin Group Read More

Northern China pollution up 16 percent in January

1 week ago DieselGasoil Comments Off on Northern China pollution up 16 percent in January
SHANGHAI (Reuters) – Air pollution in 39 major northern Chinese cities rose 16 percent on the year in January, official data showed, with surging industrial activity making it increasingly unlikely they will meet their winter emissions targets. A woman wearing a mask walks past buildings on a polluted day in Handan, Hebei province, China January Read More

Northern China pollution up by 16 percent in January: data

1 week ago DieselGasoil Comments Off on Northern China pollution up by 16 percent in January: data
SHANGHAI (Reuters) – Air pollution in 39 major northern Chinese cities rose 16 percent on the year in January, official data showed, with surging industrial activity making it increasingly unlikely they will meet their winter emissions targets. A woman wearing a mask walks past buildings on a polluted day in Handan, Hebei province, China January Read More

Shell leads cash race but Exxon catching up

2 weeks ago DieselGasoil Comments Off on Shell leads cash race but Exxon catching up
LONDON (Reuters) – Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world’s top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production. FILE PHOTO – Logos of the Exxon Mobil Corp, Royal Dutch Shell and Mobil are Read More

Texas-size glut of frac sand accumulating as demand weakens

2 weeks ago DieselGasoil Comments Off on Texas-size glut of frac sand accumulating as demand weakens
By David Wethe on 2/6/2019 Photo: Hi-Crush. HOUSTON (Bloomberg) — Just a year after rushing into America’s busiest oil field with new mines, frac-sand producers may have overdone it. West Texas sand used in the hydraulic fracturing process will drop 19% this year to about $30 a ton compared to 2018, according to industry consultant Read More

Wall Street rally pauses after underwhelming revenue forecasts

2 weeks ago DieselGasoil Comments Off on Wall Street rally pauses after underwhelming revenue forecasts
NEW YORK (Reuters) – U.S. stocks edged lower on Wednesday as videogame makers reported disappointing revenue forecasts and investors awaited developments on U.S.-China trade relations. FILE PHOTO – Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 4, 2019. REUTERS/Brendan McDermid The benchmark S&P 500 and the Read More