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Argentina seeks to stabilize currency as oil companies fret about price freeze

4 hours ago DieselGasoil Comments Off on Argentina seeks to stabilize currency as oil companies fret about price freeze
Buenos Aires — Argentina’s newly installed economy minister, Hernan Lacunza, said Tuesday he will focus on stabilizing the currency as the key to pulling the country’s economy out of recession and reducing inflation, yet he will face pressure from oil companies who are concerned that a 90-day freeze on crude and refined product prices could Read More

Saturn Oil & Gas Announces Second Half 2019 Drilling Program, Option Grant and Updated Corporate Presentation

1 day ago DieselGasoil Comments Off on Saturn Oil & Gas Announces Second Half 2019 Drilling Program, Option Grant and Updated Corporate Presentation
CALGARY, Alberta, Aug. 19, 2019 (GLOBE NEWSWIRE) — Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSXV: SOIL) (FSE: SMK) is pleased to confirm the commencement of its second half 2019 drilling program, an option grant and that an updated corporate presentation has been posted to its website. Second Half 2019 Drilling Program The Read More

China & N. Korea ‘to boost military ties & provide security in Asia-Pacific’ amid tensions with US

3 days ago DieselGasoil Comments Off on China & N. Korea ‘to boost military ties & provide security in Asia-Pacific’ amid tensions with US
China and North Korea will boost military cooperation and work together to assure security in the Asia Pacific, a high-ranking Chinese commander has said. Both Beijing and Pyongyang view US activities in the region as a threat. Days after North Korea made headlines with fresh missile tests, a delegation from Pyongyang has met with Chinese Read More

Boycott Chan? Jackie angers woke fans over Hong Kong comments supporting ‘peace’ & ‘patriotism’

4 days ago DieselGasoil Comments Off on Boycott Chan? Jackie angers woke fans over Hong Kong comments supporting ‘peace’ & ‘patriotism’
Kung fu film star Jackie Chan has joined Mulan actress Liu Yifei in stoking outrage over pro-Beijing comments amid heated protests in Hong Kong, his birthplace, and calling for peace. The torches and pitchforks came out online. After a video appeared online earlier this month showing protesters defacing the Chinese flag, a number of Chinese Read More

OPEC reports big drop in crude production, amid ‘somewhat bearish’ market outlook

4 days ago DieselGasoil Comments Off on OPEC reports big drop in crude production, amid ‘somewhat bearish’ market outlook
London — Led by its kingpin Saudi Arabia, which said it pumped at its lowest level in more than five years, OPEC on Friday reported it slashed its crude production in July, as it continues to battle slumping oil prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now OPEC Read More

OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus

4 days ago DieselGasoil Comments Off on OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus
LONDON (Reuters) – OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply. FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) Read More

OPEC sees ‘somewhat bearish’ oil outlook even as market tightens

4 days ago DieselGasoil Comments Off on OPEC sees ‘somewhat bearish’ oil outlook even as market tightens
By Grant Smith on 8/16/2019 LONDON (Bloomberg) – Global oil markets face a “somewhat bearish” outlook for the rest of the year amid slowing economic growth and the long-running trade war, even though supplies will be tighter than previously thought, OPEC said. The Organization of Petroleum Exporting Countries, which pumps about a third of the Read More

MODEC issues $1.1 billion in bonds to refinance FPSO in Brazil

5 days ago DieselGasoil Comments Off on MODEC issues $1.1 billion in bonds to refinance FPSO in Brazil
8/15/2019 TOKYO – MODEC announced that an affiliate has issued a project bond in the international capital markets outside Japan to refinance an FPSO chartered to the TUPI consortium led by Petrobras in Brazil, with the aim of strategically diversifying its financing sources for MODEC’s entire FPSO charter business. FPSO Cidade de Mangaratiba MV24 In Read More

Beijing: US ‘insanely involved in anti-Chinese criminal cases in Hong Kong’

6 days ago DieselGasoil Comments Off on Beijing: US ‘insanely involved in anti-Chinese criminal cases in Hong Kong’
China has accused the United States of collaborating with violent extremists in an effort to undermine stability in Hong Kong. A statement released by the Office of the Commissioner of the Ministry of Foreign Affairs of China in the Hong Kong Special Administrative Region (HKSAR) condemned House Speaker Nancy Pelosi and other US lawmakers for Read More