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API continues to promote safe U.S. energy development, enhances workplace safety with Recommended Practice 54

51 mins ago DieselGasoil Comments Off on API continues to promote safe U.S. energy development, enhances workplace safety with Recommended Practice 54
2/21/2019 Photo: Halliburton. WASHINGTON — The American Petroleum Institute has released Recommended Practice 54 (RP 54), Occupational Safety and Health for Oil and Gas Well Drilling and Servicing Operations, which provides procedures for promoting and maintaining safe and healthy working conditions for personnel in drilling and well servicing operations. “The safety of oil and natural Read More

Nike stumbles into social media storm after basketball star's shoe splits

51 mins ago DieselGasoil Comments Off on Nike stumbles into social media storm after basketball star's shoe splits
NEW YORK (Reuters) – A Nike Inc sneaker worn by a college basketball superstar split in half less than a minute into a highly anticipated game between Duke University and North Carolina, prompting an outcry on social media as the company sought to figure out what caused the malfunction. Zion Williamson, a 6-foot-7-inch freshman forward Read More

U.S. stocks fall on weak economic view; oil, gold fall

2 hours ago DieselGasoil Comments Off on U.S. stocks fall on weak economic view; oil, gold fall
NEW YORK (Reuters) – Wall Street stocks fell on Thursday due to a deteriorating economic outlook that was only partially offset by signs of trade progress between China and the United States, while gold and oil prices retreated from their recent peaks. Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Read More

Trump administration ends California talks on auto emissions: White House

2 hours ago DieselGasoil Comments Off on Trump administration ends California talks on auto emissions: White House
U.S. President Donald Trump waves as Austrian Chancellor Sebastian Kurz departs at the White House in Washington, U.S., February 20, 2019. REUTERS/Jim young WASHINGTON (Reuters) – U.S. President Donald Trump’s administration has ended talks with California over federal plans to roll back fuel economy rules designed to reduce greenhouse gas emissions, the White House said Read More

Oil off 2019 highs as U.S. crude stocks build, output hits record

2 hours ago DieselGasoil Comments Off on Oil off 2019 highs as U.S. crude stocks build, output hits record
NEW YORK (Reuters) – Oil prices fell below 2019 highs on Thursday after U.S. government data showed a fifth weekly build in crude inventories and record production, while concerns about slowing global economic growth weighed. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July 21, 2014. REUTERS/Todd Korol/File Read More

Philadelphia sues seven big banks, alleges municipal bond collusion

3 hours ago DieselGasoil Comments Off on Philadelphia sues seven big banks, alleges municipal bond collusion
NEW YORK (Reuters) – The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking Read More

Mexico president says no more Pemex oil joint ventures for now

3 hours ago DieselGasoil Comments Off on Mexico president says no more Pemex oil joint ventures for now
The Pemex logo is pictured during the 80th anniversary of the expropriation of Mexico’s oil industry at the headquarters of state-owned oil giant in Mexico City, Mexico March 16, 2018. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – President Andres Manuel Lopez Obrador said on Thursday Mexico will not offer more oil joint ventures between private companies Read More

Swedish and Estonian watchdogs open joint Swedbank probe

3 hours ago DieselGasoil Comments Off on Swedish and Estonian watchdogs open joint Swedbank probe
STOCKHOLM (Reuters) – Sweden’s and Estonia’s financial watchdogs have opened a joint investigation following a media report linking Swedbank to a Baltic money laundering scandal involving Danske Bank, they said on Thursday. FILE PHOTO: Swedbank’s logo is pictured on its Lithuanian headquarters in Vilnius, Lithuania, in this May 10, 2014 file photo. REUTERS/Ints Kalnins/File Photo Read More

Empty supertankers reveal truths about today's oil market

3 hours ago DieselGasoil Comments Off on Empty supertankers reveal truths about today's oil market
By Firat Kayakiran on 2/21/2019 LONDON (Bloomberg) — They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market.  In normal times, the vessels would be filled with heavy, high sulfur Read More

Airbus pencils in orders for new A321XLR jet: sources

4 hours ago DieselGasoil Comments Off on Airbus pencils in orders for new A321XLR jet: sources
PARIS (Reuters) – Airbus has begun lining up tentative orders for a longer-range version of its A321 jetliner, seeking to exploit signs of hesitation at arch-rival Boeing over whether to develop a new model in a hotly contested niche of the airplane market. A logo of Airbus is seen on a wall at Airbus headquarters Read More