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Interview: OPEC ‘comfortable’ with $60-$70/b oil: Equatorial Guinea

21 hours ago DieselGasoil Comments Off on Interview: OPEC ‘comfortable’ with $60-$70/b oil: Equatorial Guinea
London — OPEC and its oil producer allies are “comfortable” with Brent crude prices in the range of $60-$70/b and continue to target a deal to extend their current production cuts to the end of 2019, the oil minister of OPEC member Equatorial Guinea, Gabriel Mbaga Obiang Lima, said Monday. Not registered? Receive daily email Read More

Parsley Energy says it is “attractive” for any buyer

4 days ago DieselGasoil Comments Off on Parsley Energy says it is “attractive” for any buyer
By Stephen Cunningham on 6/14/2019 WASHINGTON (Bloomberg) — Parsley Energy Inc. said it would be “attractive” for any potential buyer as the U.S. shale driller expects to generate positive free cash flow in the back half of this year. “We are attractive for purchasers whatever type of investor it is,” CEO Matt Gallagher said in Read More

Bond yields slip, stocks suffer on cooling China data

4 days ago DieselGasoil Comments Off on Bond yields slip, stocks suffer on cooling China data
LONDON (Reuters) – World stocks struggled and safe haven bets were back in play on Friday with German bond yields plumbing record lows as Chinese data rekindled woes about the health of the global economy and fears of a new U.S.-Iran confrontation intensified. FILE PHOTO: A man is seen in front of an electronic board Read More

Tesco CEO not ready to check out in tough UK retail climate

5 days ago DieselGasoil Comments Off on Tesco CEO not ready to check out in tough UK retail climate
LONDON (Reuters) – The boss of Tesco said he had unfinished business at Britain’s biggest retailer after its quarterly sales growth slowed in a subdued grocery market under a cloud from poor early summer weather. FILE PHOTO: A Tesco supermarket is seen, in west London on September 30, 2008. . REUTERS/Toby Melville/File Photo Celebrating its Read More

Oil surges after Gulf tanker attacks, stocks claw higher

5 days ago DieselGasoil Comments Off on Oil surges after Gulf tanker attacks, stocks claw higher
LONDON (Reuters) – Suspected attacks on two tankers off the coast of Iran saw oil markets erupt out of their recent slump on Thursday and kept traders gobbling up ultra-safe government bonds, gold and the Japanese yen. People walk past the London Stock Exchange Group offices in the City of London, Britain, December 29, 2017. Read More

Dassault Systemes targets life sciences with $5.8 billion Medidata deal

6 days ago DieselGasoil Comments Off on Dassault Systemes targets life sciences with $5.8 billion Medidata deal
PARIS (Reuters) – France’s Dassault Systemes moved to build up its life sciences presence with a $5.8 billion cash deal to buy Medidata Solutions, a U.S. firm focused on clinical trials. Dassault Systemes CEO Bernard Charles attends the Reuters Global Technology Summit in Paris May 17, 2010. REUTERS/John Schults Dassault Systemes has been doing deals Read More

China’s rare earths exports fall in May; shipments usually volatile

1 week ago DieselGasoil Comments Off on China’s rare earths exports fall in May; shipments usually volatile
FILE PHOTO: Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China October 31, 2010. REUTERS/Stringer/File Photo BEIJING (Reuters) – Rare earth exports by China, the world’s dominant producer, fell 16% in May from a month earlier amid an increased focus on the raw materials due to the Read More

Renault and Nissan launch innovation lab in Tel Aviv

1 week ago DieselGasoil Comments Off on Renault and Nissan launch innovation lab in Tel Aviv
TEL AVIV (Reuters) – Carmakers Renault and Nissan on Monday inaugurated a joint innovation laboratory in Tel Aviv, enabling their alliance to collaborate with Israeli start-ups. A demo car with a solar roof by Israeli start-up Apollo Power, is seen during the inauguration of Renault-Nissan-Mitsubishi’s joint innovation lab in Tel Aviv, Israel June 10, 2019. Read More