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Water shortage could cut India’s food exports, minister warns

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NEW DELHI (Reuters) – A water shortage could cut food exports from India, which has emerged as a leading supplier of a number of food products to the world, the water resources minister warned on Monday. FILE PHOTO: A man walks through the dried-up Puzhal reservoir, on the outskirts in Chennai, India, June 20, 2019. Read More

Oil surges after Iran downs U.S. drone and Fed signals rate cut

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By Sharon Cho and Grant Smith on 6/20/2019 SINGAPORE and LONDON (Bloomberg) –Oil rose after Iran said it shot down a U.S. spy drone in its airspace, stoking Middle East tensions further after the attack on two tankers last week, while a more dovish stance from the Federal Reserve lifted financial markets. Futures climbed as Read More

Crude oil futures rise on bullish EIA data, clarity on OPEC meet

5 days ago DieselGasoil Comments Off on Crude oil futures rise on bullish EIA data, clarity on OPEC meet
Singapore — Crude oil futures were higher during mid-morning trade in Asia Thursday amid a draw reported in US crude inventories last week, while more clarity emerged on the schedule of OPEC’s bi-annual meeting. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:30 am Singapore time (0230 GMT), Read More

Oil slips below $54 as trade fears outweigh U.S. demand

5 days ago DieselGasoil Comments Off on Oil slips below $54 as trade fears outweigh U.S. demand
By Alex Nussbaum on 6/19/2019 NEW YORK (Bloomberg) — Oil slipped below $54/bbl after a short-lived spike as anxieties about global trade and a supply glut overshadowed record gasoline consumption in the U.S. Futures in New York closed 0.3% lower on Wednesday after earlier rising by almost 1%. The U.S. Energy Information Administration said domestic Read More

Oil climbs over $1/bbl on U.S.-China trade deal hopes, Mideast tension

6 days ago DieselGasoil Comments Off on Oil climbs over $1/bbl on U.S.-China trade deal hopes, Mideast tension
NEW YORK (Reuters) – Oil prices rose more than $1 a barrel on Tuesday after news that China and the United States were resuming trade talks ahead of a meeting at the G20 summit later this month, spurring hopes that the two countries would resolve an ongoing trade war. FILE PHOTO: A pumpjack is seen Read More

Trump says he would ‘certainly’ go to war with Iran ‘over nuclear weapons’, but not right now

6 days ago DieselGasoil Comments Off on Trump says he would ‘certainly’ go to war with Iran ‘over nuclear weapons’, but not right now
US President Donald Trump said he would consider military action against Iran to prevent it from getting nuclear weapons. The row between Tehran and Washington escalated after the US accused Iran of attacking two oil tankers. “I would certainly go over nuclear weapons,” Trump told Time Magazine on Tuesday when asked what would make him consider Read More

Trump says he would ‘certainly’ go to war with Iran ‘over nuclear weapons’

6 days ago DieselGasoil Comments Off on Trump says he would ‘certainly’ go to war with Iran ‘over nuclear weapons’
US President Donald Trump said he would consider military action against Iran to prevent it from getting nuclear weapons. The row between Tehran and Washington escalated after the US accused Iran of attacking two oil tankers. “I would certainly go over nuclear weapons,” Trump told Time Magazine on Tuesday when asked what would make him Read More

Analysis: Persian Gulf tensions offer South Korea the chance to clear surplus naphtha barrels

6 days ago DieselGasoil Comments Off on Analysis: Persian Gulf tensions offer South Korea the chance to clear surplus naphtha barrels
Highlights South Korea’s naphtha stockpiles reach 2019 peak in April Ethylene producers keen to absorb domestic naphtha stockpiles Taiwan’s CPC Corp. seeks replacement naphtha after tanker fire Logistics jitters in Persian Gulf waters following the latest tanker fire incident could provide South Korea with a golden opportunity to offload its growing naphtha stockpiles as regional Read More

Iran to pull out of nuclear treaty if EU fails to save deal

1 week ago DieselGasoil Comments Off on Iran to pull out of nuclear treaty if EU fails to save deal
Iran will pull out of the world’s nuclear non-proliferation treaty if the EU fails to save another deal struck in 2015 on its nuclear programme, a senior Iranian MP has said. Mojtaba Zolnour, a hardline member of the Iranian parliament who has often opposed President Hassan Rouhani, reminded Europe Iran had in May set a Read More

Iran to pull out of nuclear treaty if EU fails to save 2015 deal – Iranian MP

1 week ago DieselGasoil Comments Off on Iran to pull out of nuclear treaty if EU fails to save 2015 deal – Iranian MP
Iran will pull out of the world’s nuclear non-proliferation treaty if the European Union fails to save another deal struck in 2015 on its nuclear programme, a senior Iranian MP has said. Mojtaba Zolnour, a hardline member of the Iranian Parliament who has often opposed President Hassan Rouhani, reminded Europe Iran had in May set Read More