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

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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

OPCW report on 2018 Syria chemical ‘attack’ politicized, new probe may be needed – Russian envoy

4 days ago DieselGasoil Comments Off on OPCW report on 2018 Syria chemical ‘attack’ politicized, new probe may be needed – Russian envoy
The OPCW report on the 2018 chemical “attack” in Syria’s Douma is inconsistent and was clearly made to fit the pre-existing political narrative, Russia’s envoy to the organization has said, adding that a new probe might be needed. The report, released early in March, was the main topic of a large press conference held by Read More

Analysis: SCOOP/STACK operators scale back rig activity

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Highlights Active rigs drop 25% this year Midship Pipeline likely guarantees future growth Denver — Operators in the SCOOP/STACK have shed about a quarter of rigs in the play year to date, but with Midship Pipeline on track to enter service soon, it looks to ensure production growth despite the recent decline in activity. Not Read More

Renault-Nissan audit findings submitted to French prosecutors

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The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Reims, France, July 9, 2019. REUTERS/Christian Hartmann PARIS (Reuters) – Renault (RENA.PA) has handed French prosecutors the conclusions of an audit into its joint finances with alliance partner Nissan (7201.T), the carmaker said on Friday. The audit, Read More

China’s June exports, imports fall as trade war takes heavier toll

5 days ago DieselGasoil Comments Off on China’s June exports, imports fall as trade war takes heavier toll
BEIJING (Reuters) – China’s exports fell in June as the United States ramped up trade pressure, while imports shrank more than expected, pointing to further weakness in the world’s second-largest economy and slackening global growth. FILE PHOTO: Workers stand at the port of Qingdao, Shandong province, China June 10, 2019. REUTERS/Stringer The gloomy trade readings Read More

Cracks in Permian promise slowing shale boom

5 days ago DieselGasoil Comments Off on Cracks in Permian promise slowing shale boom
By Kevin Crowley and Rachel Adams-Heard on 7/12/2019 HOUSTON (Bloomberg) –The promise of the Permian is shrinking. Producers in the nation’s oil-rich shale basins are dialing back growth plans in the face of a growing panoply of problems that’s killing returns and keeping skeptical investors away. The constraints are manifold: pipeline limits, reduced flow from Read More

UK sends second warship to Gulf after Iran threats over seized tanker

5 days ago DieselGasoil Comments Off on UK sends second warship to Gulf after Iran threats over seized tanker
By By Alistair Bunkall, defence and security correspondent The UK is to increase its military presence in the Gulf by sending a second warship to the region. HMS Duncan, a Type 45 Destroyer, will sail to the Gulf in the coming days after recently completing NATO exercises in the Black Sea, and is expected in Read More

‘This is a dangerous game’: Iran demands UK releases seized oil tanker

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Iran has demanded the immediate release of an oil tanker seized by Royal Marines off the coast of Gibraltar, warning Britain: “This is a dangerous game and has consequences.” It comes as tensions mount in the Gulf after a Royal Navy warship deterred Iranian patrol boats attempting to impede a British tanker sailing through the Read More

Asian shares veer between gains and losses before key China data

5 days ago DieselGasoil Comments Off on Asian shares veer between gains and losses before key China data
SHANGHAI (Reuters) – Asian shares shuttled between small losses and gains on Friday as investors awaited China trade, lending and growth data, and as worries over Sino-U.S. trade tensions deflated optimism rooted in expectations of a Federal Reserve rate cut this month. FILE PHOTO: Passerbys walk past an electric screen showing Asian markets indices outside Read More